Member Info for Urraca

Is this Allenby filling their boots before saying they've done dd and all is good?

On DD, the last RNS said: "The Board has been informed that the Company's nominated adviser's due diligence process and suitability considerations in respect of the Company, the Proposed Directors and Board independence should the resolutions at the EGM be passed, is ongoing."

I've been reading the AIM rules for companies and Nomads. If Allenby think the Company isn't suitable, they should already have resigned. On proposed directors, I've already noted that 3 out of 4 seem fine. And on Board independence? There is nothing in the rules about this. Independent of who? Shareholders? That's ridiculous.

You mean Friday night? Macron, Brigitte, where are your boys now? Lol. Good results all round though.

Capitalism is the best wealth creation model ever to emerge from human interactions. Sadly it does not spread the wealth equally. But neither is wealth equally distributed under socialism, where some are always more equal than others. And honestly, does everyone deserve an equal share, regardless of their contribution? Human nature is flawed, life is not fair, and the universe is cold and doesn't care. So grow up and get over it.

On Brexit, I just don't understand why you think an ever larger state dictating what you can and can't do is a force for good. History shows time and again that that is not so.

It's clearly not going back to £10 any time soon. But £3.50 when the dust settles is easily achievable.

And the FCA? With their track record? Lol, don't make me laugh, they're so spineless they make our politicians look like models of resolute integrity.

I think that this relates to domestic customers, where suppliers are caught between the hammer of the price cap, and the anvil of energy taxes and green subsidies. Yu does not supply domestic customers, so it has to contend with the anvil, but not the hammer.

If it can hedge its input price when it signs a supply contract, then it will secure its profit margin.

The energy market is very complex, but money can be, and is, made off of it.

5 trades from yesterday now showing on moneyam. Hard to tell, but most of them look like buys. Almost like there is some surreptitious buying going on here, while the derampers seem to have been posting relentlessly, where-ever I have a quick look at the bb.

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It seems to have had an impact with a blistering start.

This is the key table for me. For half year to June last year, it shows a net cash increase from operating activities of just shy of £2m. Disregarding the cash from the placing obviously. The company is making a profit, does not have to service debt, and has been investing to grow. Yes at its peak it was overvalued. Yes the placing price was probably a bit too high. But now the sell off has been way overdone. This is not a Patisserie Valerie situation. I personally think its more to do with weak systems in a very rapidly growing company, which are now being addressed.

Is quite right to point out that we don't know what the revised gross margin will be. Although asking what it is is a bit pointless as the Company have not disclosed it yet. What we do know is that the Company has no debt, and is also generating cash, and has built up a cash surplus - almost £1 per share of it. So we can deduce that the company is profitable. They have said that profits will be reduced through this year, as the company works through the batch of unprofitable contracts, but identifying the problem and taking appropriate measures is the way to sort it.

If they get all of the GSPC backpayments that are lodged with the Court that would be a major win. But I think they will get more of Cambay to allow GSPC to reduce its future contributions too.

Given. That GSPC have already deposited the outstanding sums with the Court, I dn't knw why they don't just pay them over to Oilex. Anyway, discussions still ongoing.

Was going to say, strong buying today. Now I know why Yuri.

Yes, bit embarrasing for the Board really. Spells out that they've got about as much credibility as Thetesa May now, and even less authority than her. Tried buying some this morning. Very difficult to get a quote, then they wacked the offer up.

Yes Chavi, its just plain barmy otherwise. How can they possibly think behaving like that would rally support to their cause. Especially today's rns, nothing new, just a further attempt to crash the price. It's pretty unprofessional. Don't they have a fiducary responsibility to shareholders? Surprised Allenby signed off on it to be honest.

There was nothing new in it, except a vindictive and malicious attempt to drive the SP down. Almost wonder if they're in cahoots with Kononov to let him buy the company on the super cheap.

Bit surprised Shrager hasn't dumped all his UEN shares if he's so convinced the company is going to collapse. Doesn't make sense, for a business man, really. Unless he knows its all a load of rubbish.

I just hope that when the new prospective Board release their circular they firmly address the scaremngering by the current Board around NOMADs, and the relatively small financing issue. That will underpin a proper rerate here, and see off the current Board, who are acting like spolit teenagers having their mobile phnes taken off them, imo.

They really know how to endear themselves to their shareholders. But it hasn't caused any sells that I can see. Lets see if the buying continues tomorrow.

I have a feeling that South Dagi is what precipitated the struggle for control of the company. It may also explain the desire to control the port on Sakhalin Island.