Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Very good volume here today, and as I've mentioned previously, you can make money buying at these levels, just make sure you sell at the right time, don't get greedy or left carrying the baby as the never ending Jam Tomorrow story continues it cycle.......
Mr B. "Fast Track" and "UK O&G" do not go together. We will be lucky if Wressle pumps any black gold this side of Christmas. There is a minimum time frame that applications work too, I seem to remember this being 13 weeks but can't be 100%, if someone would clarify I would be grateful. Obviously that's providing no objections / delays.
Petty, you are correct with your analysis and I share your thoughts on the mob mentality. History proves they are mainly blinkered LTH's that are no doubt starring at heavy loses. Loses that they never recoup, as they lack the ability to change.
Either an honest mistake or DB has a deal on the table to increase UJO's stake by a further 25bopd (probably from EOG). Which would be 5% of the field and cost circa �1million. Obviously this would mean raising capital. Food for thought....
Biglad. I read back on your last 3 pages. I suggest others do the same. Nothing but Ramps. Re the video, I think DB got the currency mixed up at the end of the video as Wressle does not equate to �2million for UJO's share, 75 barrels. http://www.proactiveinvestors.co.uk/companies/stocktube/9131/wressle-set-to-be-a-game-changer-for-union-jack-oil-in-2018-9131.html IMO it's an honest mistake, but should be highlighted.
Rudey. Monday morning, 08.14am and you're already thinking of me, I am flattered! Re "genuine investor". I make no secret, I buy when stocks are cheap and sell on spikes. This strategy works perfectly well on Jam Tomorrow stocks IMO, the cycle will always continue. But of course this is only a punt for me (not a pension). No doubt you read a SP Angel report and though "Wow this is cheap, I'll put my pension here". Hopefully other naive / inexperienced investors don't follow your footsteps and great mistakes. Enjoy your evening, try not to think about me too much.....
Mix. You probably missed it, but if Rudey is going to mention my name (like he did Sat 21:12) then I will defend myself. Now carry on Rocking on Mix. SharePrice down 70% since listing, 5.8 billion shares in issue. And the Jam Tomorrow continues..... It's not hard to make money here, play the game not the person.
Rudey. Good luck continually trying to discredit posters that don't agree with your ludicrous ramps.... As for your quote: "But they choose to spend hours compiling abusive assaults on the directors, the industry and the shareholders." What a load of rubbish! LOL Even more ridiculous than your "1pps prediction" (which is due now in 9 months I might add). Or your "anything below 0.20 is cheap" quotes. It's relatively easy to make money here (something you've obviously got terribly wrong being �50k down). Its all about timing as The Jam Tomorrow story continues its cycle...... Naive investors get trapped, left holding the baby and become indefinite LTHs.
Mark Abbott came across really well on that interview. Compare it to the UJO interview released at the same time, worlds apart IMO: https://www.**********.co.uk/blogs/amur-minerals-amc-union-jack-oil-ujo-and-alan-green-on-tym-fdbk-and-fedr8/
Can't see the movement of oil price having any effect on UJO's SharePrice. For example, today's oil price rise equates to a massive �6 per day increase on UJO's 6 bopd from Fiskerton. As previously mentioned, IMO, everything apart from Bisc, Holmwood and Wressle production is just noise and will have little effect on the SP or share holder value. The jam tomorrow continues......
41 posts on the back of an RNS declaring 6 bopd production. That's an average of nearly seven posts per one barrel of oil. Try not to laugh too much, it's real... https://www.**********.co.uk/blogs/amur-minerals-amc-union-jack-oil-ujo-and-alan-green-on-tym-fdbk-and-fedr8/
Mbudgen. "30bopd equates to around 700k per year give or take. Be enough to cover our directors wages and leave change. Just the tip of iceberg!" Perhaps you should recalculate? UJO own 20% of the 30bopd Oil price $71 Exchange rate 1.43 So UJO are 'approaching' �109k per year, before tax.
"Production operations have now resumed at Fiskerton and initial field production, prior to further optimisation and operations during the coming months including the increasing of the pumping rate, is approaching 30 barrels of oil per day ("bopd") gross of good quality oil (35.2� API gravity), a significant increase on the pre-workover rate of 16 bopd gross." 20% interest to UJO = 6 bopd Or 'Approaching' approx gross �300 per day to UJO.