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UJO will make a profit in the December 2022 accounts. It would take gross mismanagement to make a loss. In my opinion that is. Share price by then should be significantly higher barring a stock market crash but even the market would have to assess its return. Hoping for a dividend early 2023. Think we deserve it.
The remuneration appears to me to be very reasonable. Would you suggest people work for nothing. The biggest waste of money is the huge over blown bureaucracy of government. One could sack 70% of government departments and it would not effect the efficiency. Britain in the day of the empire governed the whole of India with 900 employees. Layers and layers of form filling absolute waste of time. Every time government gets involved in anything its absolute disaster and the tax payer picks up the tab.
The problem was the governments response to Covid. Absolute incompetence in what was effectively a variant on Flu. To close the world economies down great huge debts negligent all other medical conditions was completely irresponsible. Big pharma dictating the policy as usual a simple example in 1913 Insurers refused to Insure people working with asbestos as risks were fully known at the time ,it took till 1975 for any action to be taken to prevent its use. If only people would do some basic research including the climate change crap the better off we would all be.
Yes the same person that told us that it was impossible for the Taliban to take over the country. Also wrong on practically every issue. The said reality will be that the current administration will make another war almost inevitable. Peace through strength which is now sadly lacking.
You can say what you like about Trump but the world was a lot safer and everyone knew where they stood. The debacle in Afghanistan and cancellation of the Key stone pipe line just 2 of the horrendous errors of the present administration. There are too many errors to mention which has embolden China , North Korea and Russia. We need to start rejuvenating all our manufacturing , food production and become self sufficient again and in particular our energy and food independence.
What difference does it make if Russian gas goes via the Ukraine or direct via Nord 2 stream other than the Ukraine does not get to blackmail Russian. If you remember it was the Germans that begged Russia for the pipeline.
The profit on the current production on its own underpins the current share price. Yes we would all like the price higher but by Christmas this share will be significantly higher in my opinion. I am not concerned by people buying and selling for their own reasons. This is a long term investment for me.
The share price will rise and fall and as long as individuals have freedom they can buy and sell. The long term prospects of the Company are very good and it will be re-rated and unlike most AIM Companies will be profitable. The share price will be reflected once the results of the Company come out until then its pointless moaning about what people are doing to the price and we are all free to sell and no longer worry about it.
The Company will now be profitable and will no longer have to turn to shareholders for anymore money. The Companies fundamentals have dramatically changed with all ratios turning positive. The earnings per share alone will result in the Company being re-rated. Although my break even is .54 I am in no doubt that this will easily surpassed by Christmas.