The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
CATFLAP
(SPECIAL EDITION).
May 5 2021
From The Chairman.
Today the share price closed at a mid-price of 4.15p, giving WCAT a market valuation of £100m.
I thought it was important to at least mark this event as it has only taken ~4 months to achieve this landmark.
It is satisfying to see all the hard work, planning and sacrifice over many years bear fruit
It is also satisfying to share this success with the IPO investors who backed the company in the middle of a
pandemic and with the headwinds of negative oil prices.
I would also like to welcome aboard new shareholders who have purchased WCAT shares since the IPO.
Shareholders can rest assured that the management team of WCAT is not resting on its laurels but working
tirelessly (on both crypto & oil projects) to further enhance shareholder value.
The management believe that the company has a bright future and are backing it up by the fact that not a single
share has been sold since the IPO, even though the management are sitting on a significant paper profit.
This PUSSY CAT has still to show how sharp its claws and teeth are.
WILDCAT
Highest ever closing share price (4.10p) recorded today and only 0.2p off the highest intraday (4.5p). Decent buys for the past week now. This is gaining some serious traction now, at this rate the 1st asset will rocket this straight to 10p
Solid buys, momentum is building, theres been a few sizable buys every couple days. This reaffirms to me that something is developing in the background and assets and further crypto developments are not too far away. This blows past 5p easy. Enjoy the ride to the top. GLA
Mr chairman giving the people what they want, you love to see it! The fact he dropped a mid-week RNS on another 8.7 billion barrels like it was nothing is a very bullish signal to me. He must have a few aces up his sleeve to drop news like the 2 MoU's on the same week without too much fuss. Also, another 2 massive buys today, the whales are slowly accumulating, something is definitely building and soon all the naysayers shall become believers. Assets will provide the jetfuel we need for lift off! GLA
Some decent buys this week and encouraging to see the price finding support at these levels. The Crypto side of things are progressing extremely well with collaborative partners queing up to formally register their interest in adopting our token -fantastic! We have our nordic partners, now sign the rest up! Hopefully mr chairman announces the first asset any day now followed by the cryptocurrency rollout by year end (as per rns). That should cap off a remarkable first year for WCAT with the share price sitting pretty at ~10p. Once delivered, 2022 should be absolutely massive. We're still early! GLA
I agree sounds really promising, the crypto side of things have progressed really well at an alarming pace. First the blockchain professor, then the feasibility report, specialist blockchain lawyers hired to define the business model and now our Nordic collaborative partners and host of others quing to join! All we need now is for our chairman to announce the first asset and we can really get this show on the road! GLA
Some whales (2x £75k buys) and sizable buys this week, something is definitely brewing. Im certain the FIRST asset / crypto is not too far away now. More and more people are realising WCAT has found support at this level and the next RNS is sending this! Also i see that good ol' Glynn is sharing the wealth once again, first his children and now his wife, very bullish, i like it! One final top up on monday morning i think. GLA.
Zak covered wcat again. 5p still being touted.
https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-1st-april-2021/#gs.xseezu
Totally agree with your sentiment fellas. I also like how the CEO emphasised he has not sold a SINGLE share (i've checked) and he will not until the market cap is even higher. I particularly love how asset is now assets, hopefully we get out first one in Q2. Excellent progress to date. GLA
Quarterly up-date from Wildcat Petroleum Plc – the First 90 Days.
REVIEW
The first quarter of 2021 was a pretty successful quarter for the company. The company made a spectacular debut on the LSE against the headwind of COVID, starting from an IPO
price of one tenth of a penny. The shares peaked at 4.4p in March before pulling back
(following a ‘speed warning’ RNS which we were obliged to issue), a 4400% gain. This made
the share price one of the best performing on the LSE. Hopefully in the next quarter the
company can once again reach the dizzy heights of 4.4p and even surpass it?
OIL DEALS
The company is working tirelessly towards its goal of being a profitable, dividend paying oil company. It has been hampered in this goal by the ongoing pandemic, especially in areas, such as Africa, where the company is actively pursuing assets. However hopefully in the not too distant future the company hopes to make a company changing announcement.
BLOCKCHAIN
Whilst the company has struggled to make quick progress on the oil front, excellent progress has been made on the Blockchain front. Expertise has been brought in-house by
the means of Professor Taeed and specialist crypto lawyers at gunnercooke. Also a very positive report was received from the CCEG and the company believes that the eventual issuance of a Token will greatly enhance shareholder returns. The company is currently working on a business model which hopefully will allow WCAT shareholders to directly receive Tokens. As a result during the quarter possible names for a WCAT token were
trademarked.
These major developments have featured in 4 RNS statements - all in the month of March –
all statements are on the website and are now summarised in the latest updated website –
in the Blockchain section.
FUTURE
The company has spent most of the first quarter laying the groundwork both in terms of the
oil and blockchain components of the business. Hopefully in the coming quarters WCAT shareholders will reap the rewards of this work.
It has come to the attention of the company that certain individuals in the City have been bad mouthing the company, calling it a “bubble stock”. The shareholders can take comfort in the fact that when the share price breached 4p, the management were sitting on a paper profit of £70m. However the management team were not tempted to sell a SINGLE share and cash in. The management feels that once it is able to fully implement its strategy the company will be much more valuable than its current valuation. The management is prepared to put its money where its mouth is.
This Newsletter does not contain any information which is not already in the Public Domain and is not subject to an RNS.
Any one else sign up to / receive the first WCAT quarterly newsletter? Its been a hell of a ride and it sounds like the 2nd quarter will be just as enjoyable! There's mention of the WCAT investors being allocated the cryptocurrency via airdrop and acquiring assetS (plural) in Africa, we already know about the links to the gulf states.
If it settles today, im topping as i feel this is just being primed to blow.hopefully its as kind to me as my punt on 88 energy!
The MMs been tree shaking past few days. Weak hands are selling, followed by a few sizable buys. Guess only a few understand that this will blow again at next substantial rns. There's still not much free float so the IPO guys are certainly expecting more
WCAT definitely making steady progress with the crypto aide of things, good to see the lawyers drafted to ensure they stay compliant. Seems as if they are just laying the groundwork now before they announce the oil asset and the RNS certainly doesnt shy away from suggesting a few times that the gulf states shall be involved!
"Garnering institutional or sovereign wealth fund support for the project, particularly within oil producing Gulf States where CCEG has already established high level contacts in countries such as the UAE & Saudi Arabia"
· Enhancing shareholder returns via "Airdrops" (issuing free tokens to shareholders);
· Establishing a global presence by registering in Dubai (Gulf investors) & Singapore (Far East investors) and;
· Potential to secure oil assets by the issuance of tokens alongside use of cash, debt or equity.
"As a result, the company has mandated CCEG and specialist blockchain lawyers at 'gunnercooke LLP' to explore the best ways to drive forward with these ambitions. They are mandated to produce a business model which will be acceptable to the FCA as well as to work with the Company in obtaining any registrations and/or authorisations which may be required for the model to proceed."
"In any future blockchain operation, Wildcat will also target investors in the oil rich Gulf States and the Far East, leveraging the extensive relationships that CCEG has established in these regions."
"The token that Wildcat is looking to launch will likely be linked to barrels of oil in the ground when a suitable oil block has been acquired."
Mandhir Singh, Chairman of Wildcat, commented: "As we continue to have conversations about securing an oil and gas asset, we are pleased to read such positive insight into the potential for the blockchain aspect of our growth strategy. We are excited by the prospect of our token launch and what it may mean for prospective investors. The company has already begun the process of sourcing and securing legal advice in Dubai, Singapore & Switzerland in order to target new investors in these regions and we will also be looking to register on cryptocurrency exchanges in these jurisdictions. We look forward to updating the market of further as we continue to make progress."