Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
First post on this board I believe. My first of my purchases was at 61p and have made many since. The potential of the therapeutic drugs and drug delivery systems which are all patented are massive. The presentation of Stemprinter at ASCO was the moment my investment was derisked. I continued to purchase including my last at 191p after the placing. The company is fully cashed for the next few years so no dilutive placings to destroy shareholder value. The last placing was an excellent move by the BOD, the spike in the upper 200s in my opinion was caused by US investor confusion between 2X and 5X ADSs so I am not concerned by the current SP. The delay in the announcement of the demerger details / record date is likely to be because a bid has been received (for STEM) and negotiations are active, all in my opinion but it certainly doesn't take that long to establish a tax position. What might STEM be worth on a sale? I can't believe they would let it go for less than $1 bn given an inferior competitor went for $2.8bn. That would be a very nice dividend across the 191 million shares in issue!
Bradley, Where did you get the average P/E ratio of 19.2 from. In my experience oil producers are nowhere near this and that is what UOG are, not a wild catter.
NK, I think you are out by a factor of a 1,000
Troll, usual ramptastic, deliberately non-factual nonsense, not a good sign for HH! Where on earth will the money come from? There will be even more significant dilution and anyone buying now doesn't understand they will get an opportunity much lower.
Troll, more baseless ramoing, the HH-1 well at 300 BPD flow does not justify the current SP, in fact it justifies about 0.06p when using traditional oiler valuation metrics. So you see some upside is already priced in. You never use numbers to justify your position, I can only assume you don't have any.
Troll, you really do try and mislead people. Its not $30 profit, OPEX MIGHT be now $13 / barrel but their total cost is still well north of $20 per barrel. Remember Sanderson's cut alone works out at $8.75 for everyone of those 300 bpd. Truth doesn't suit your purpose however!
smacks, I wish all holders good luck, I hope it works out well. We have a difference of opinion regarding Angus Forrest. Were you invested in Tern when he was ousted? He was the ramping type of Aim chairman and as the market cap is now £26MM with additional investment and progress, I suggest the £30MM market cap back then was inflated. Last you hear from me on this subject.
faze1, no need to be abusive, I have seen the usual twitter rampers use Forrest's name as reason to buy Engi, my experience and others is not positive. Would hate people to be mislead before the DUMP comes. You might want to try a few spelling lessons too.
Actually Device Authority have required regular funding and it's some of the recent acquisitions (FVR) and developments (Wyld) which appear to be underpinning the SP currently. TERN shareholders were certainly glad to see the back of him.
I hope you aren't relying on Angus Forrect to bail you out here, he was less than impressive when at Tern.
Dean, I don't think quoting 2017 market cap is particularly relevant. The SP spiked after a positive drilling update from Broadford Bridge! and an RNS from Horse Hill:
"The HH-1 Kimmeridge Limestone and Portland oil discovery well is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin, 3 km north of Gatwick Airport. As previously reported in February and March 2016, two naturally-fractured limestone members within the Kimmeridge section, known as KL3 and KL4, flowed dry, 40-degree API oil, at an aggregate stabilised natural flow rate of 1,365 barrels per day ("bopd") with no clear indication of depletion.
The overlying Portland flowed dry, 35-degree API gravity oil at a stable pumped rate of 323 bopd. The Portland oil was produced at the rod-pump's maximum achievable rate and thus flow was constrained by the pump's mechanical capacity. " This apparenetly wonderful news was sufficient to sucker me and lots of others in.
How did Broadford Bridge turn out? Why didn't UKOG pursue the wonderful flows from the Kimmeridge? Why did they go for the Portland? WHY DIDN'T SANDERSON REPORT THE WATER ISSUES IN A TIMELY MANNER? WhY DOESN'T HE GO?
Their reputation is SHOT.
DavidWK, look what the market is paying for oil companies producing on proven reservoirs. UKOG is never ever near a market cap of £100MM now, in my opinion it would need to be demonstrably producing ~3000bpd to attain this market cap. Do some comparisons with other oil companies instead of just spouting opinions. RRE takeover yesterday £240MM market cap, 20,000bpd production.
SRBS, as shareholders of the company we have the right (if sufficient shareholders agree) to remove any / all of the BOD. If he is not performing and he clearly isn't then he should be removed. Its not up to shareholders to sell if the CEO isn't doing his job so that he can stay in place. This company is going nowhere with the current BOD in place.
Invester, whilst everyone is entitled to their opinion and yours is "strong buy", you are so typical of the "ramp" posters here who come on and say strong buy usually accompanied by a ridiculous SP target. None of you post any numbers as to why UKOG is worth more than its current market cap. The reason is obvious, there are no numbers that support that and it also obvious why you do it, to get an exit at a higher price. You and your crew are responsible for many PIs buying in this last few weeks and not being wise enough to the RAMP to get out and now nursing a loss. Despicable.
Another Oil and Gas company (Hurricane) also had a Geologist as a CEO, he was forced to resign for underperformance despite Hurricane currently producing > 12,000 bpd at an OPEX of $17 per barrel, a revenue of ~$500,000 per day. His salary for running Hurricane was £425k pa.
Step Forward our CEO, total remuneration for 2019 £766k , production 300bpd and still the board don't oust him and he certainly won't go voluntarily, definition of a "lifestyle" company.
Lets oust the whole lot I say.
By the way, Geologists don't seem to make good CEOs.