Member Info for welloilbeefooked

I wrote this off a long time ago and if you care to go back through all the posts for a few years back you’ll see I posted here plenty of times - bought in to TB’s waffle and the share price plummeted. Doesn’t matter to me if you believe or not, it’s my opinion and I’m entitled to it. Check my overall posting history and then call me a deramper - I’m out and not coming back.

Yeah and they’re creaming it in at around a 7 to 10 bagger - it’s a classic pump and dump raid - a million posters who’ve never been here are now sticking their oar in. Guys like me who have been here for years have finally got out, personally with a 40% profit after thinking I’d done my brains in here.
It’s just a personal opinion but I wouldn’t trust anyone on the board of this company as far as I could throw them and I’m super relieved to be out.
Hope you all do well but take a canny view imo.

Small volumes, think the MMs are raising this to entice smaller sellers who bought in low to cash in. Probably a big buy order being filled imo.

If you’re bored while waiting for the licence to be announced Andee, cheer yourself up by phoning random womens’ rights groups and ask to speak to the man in charge.

Thank Swan and Investor, my reading of the original rns led me to make the wrong assumption - not too bothered as I believe uog will achieve great things going forward.

Hi JTD,
There's been some talk about this over the piece, but if you look at the UOG rns on 23rd July 2019 when they announced the proposed acquisition, it states "The Effective Date of the Transaction is 1st January 2019. The Balance Sheet on the effective Date includes Cash of US$0.65m and Receivables of US$1.7m."
One of the main reasons I upped my holding here was because of that very statement - at the time I believed the cost of the acquisition would be paid for in very short order including the backdated revenues.

They’ve only included 4 months of Egypt revenue from what i understand. Where is the 2019 revenue? The acquisition was from 1st Jan 2019 according to the rns .

I know Jammer, but don't you just love a quiet Chairman ! Haven't seen the phrase "jam tomorrow" mentioned here for what seems like months. Let him chase copper in the Kalahari and while he's chairing JLP keep him tied in said chair and definitely gagged.
AIMHO of course .
GLA - Never thought I'd see the day but I'm 30% up here

Anything that keeps the Birdman away from anything to do with JLP can only be a good thing in my book. Surely no coincidence that during the biggest upward change in fortune for JLP we've not heard a peep from him in years. Long may it continue.

Has Malcy ever talked one up where the share price then went up ? He's the kiss of death to most oilers - now looks like this is on it's way back to 2.6

I agree - the interim results in a few weeks time should make interesting reading. A point to remember is the Abu Sennan transaction date was effective from Jan 1st 2019 - not 2020 .
UOG have not declared any of that revenue as yet because the transaction did not complete until current year. So at $6.50 a barrel I'm hoping for a pleasant surprise .

Thanks to one and all for the replies, think I'll look at trying to get tit transferred to Interactive Investor - I've only got a small holding so be interesting to see what the process is. Will keep you folks posted.

I too am bullish on Calidus, but not much use when you don't seem to be able to buy or sell in the UK.
I contacted HL recently to find out how I can trade my Cai shares received after the KRS distribution - here's the reply :

Thanks for getting in touch.

I’m afraid we don’t currently offer a facility to trade securities that list on the Australian Securities Exchange (ASX). Our exposure is limited to securities listed on recognised exchanges in the UK, North America and Europe.

Hi GB - Like you I have been sitting on the sidelines since buying in at 38p when we were a brownfield site. Everything comes to he who waits if the basic fundamentals are solid. Good luck all.

The question for me is where is the demand for metals going to come from in the coming months and years? We're already seeing massive drops in GDP predicted across the globe, huge fall in new car orders, people being laid off and staying at home, etc - ultimately for JLP to maintain profitable they need to see a steady basket price and if world demand for metals fall, which seems likely to me, the basket price will fall with it. I'm out until I see a reasonable answer to this but good luck to all.

Hi Frankselup - yes, the patient would use the bleepa messaging app to consult with the doctor securely and send messages/images. Might also be a possibility of rolling it into a secure video consulting app?
The challenge would be in monetizing this, but if the cost per acquisition of users is minimal then we would have a massive data base of users as a robust starting point.

Just emailed fdbk with the bones of an idea folks :
Just an idea for you - my wife is a GP and the entire system of consulting with patients has now changed due to coronavirus. Basically they now triage patients over the phone before deciding if they need to see them physically. My wife believes this new method will become the new norm for GP consultations in the future.
Why not give the Bleepa facility to GPs and patients (possibly free of charge) to allow secure transmission of messages and images or possibly video consults? In return you could ask users to allow limited sharing of their data with vetted partners. WhatsApp is the most successful messaging app out there and was sold to Facebook for $19billion - there are roughly 1.5billion users on whatsapp so Facebook paid over $12 per user.
Food for thought I hope?

*Should have said £385 per month per oz

From the last 6 monthly update in January we were making approx £385 per month in combined pgm earnings. In Leon's last interview he stated that the price had risen by around $400 - $500 and we're ramping up to 6000 ounces per month . By my fag packet calculations, that means we're currently earning over £4m a month just from pgms.
Then add on copper currently in production, chrome and fine chrome all contributing right now. With full ramp up of Kabwe to come for zinc, lead etc JLP is just not understood by the market yet.
I'm looking forward to the interims but what will be really interesting is the post period review of operations.
AIMHO of course and GLA

Hi Charttopper - the final price achieved is only known around 4 months after delivery per previous posts on here so Leon's probably quoting the prices achieved from ounces delivered sometime round about October last year.