Member Info for wiltshireman

Excited? - get a life, must be lockdown, all going stir crazy

AYah - but I thought this was an exploration company? What's the gripe. You want to try investing in oil and gas exploration, a one trick pony if ever there were one. They can go years and years without finding oil or gas and burn through alot of cash doing so. Only 30% of wildcat wells even find oil at all, often not in exploitable quantities. Drilling an oil well costs millions especially offshore. Onshore mining costs a fraction in comparison.

and his Sunday gobbledegook charts says we're into a GGP bull phase. Only seems to work with the penny dreadfuls
https://www.share-talk.com/weekend-edition-bulletin-board-heroes-sunday-28th-february-2021/#gs.uv9gtd

aya - I live in a 2-bed run- down semi on the wrong side of town, drive a 15year old Honda, holiday in Switzerland, send my grandchildren to a very expensive school, sit on the local council, and do a bit of gardening. I have a pathological dislike of people who sit on their aaases, moan and groan, blame everyone and anyone but themselves but do nothing to change anything. If you asked them to they would run a mile. And of course make ill founded and abusive criticisms of people they know nothing about just because they are losing money in the AIM casino.

Planned Drax North Yorkshire powerstation not now to use GAS for generation but (biomass) wood pellets. Is there anything dafter than that especially when it is a well known fact that most pellets need to be imported. What sort of government nut (obviously leaning on the company) comes up with that? Economics of the madhouse IMO. All because the environmentalists (and probably Carrie if the truth was known) don't agree with it. The laugh is that biomass is no more environmentally acceptable either. Crazy.

Planned Drax North Yorkshire powerstation not now to use for generation but (biomass) wood pellets. Is there anything dafter than that especially when it is a well known fact that most pellets need to be imported. What sort of government nut comes up with that? Economics of the madhouse IMO. All because the environmentalists (and probably Carrie if the truth was known don't agree with it. The laugh is that biomass is no more environmentally acceptable either. Crazy.

Gazza now that is a very profound statement.

Ayah, but is your track record in the market as good as PJ? That is the important question do you walk the walk as well as talk to talk and how much money have you made?

Dean if you could have sold 2/3 times and bought back in why didn't you? I'd put a complaint in to POW if you feel cheated. Jeez I've been in this game many years and of I got upset every time warrants or placings appeared and the SP fell back I'd be a bag of nerves. Lost a lot, made more than I lost is the name of the AIM game and that is why companies are on AIM, to raise money easily by issuing shares. Perhaps the main market might be better for you, say Easyjet or TUI or Rolls Royce, aero engines of course, something really stable and predictable unlike AIM miners

we had dodgy placings through dodgy brokers to clIients with little or no interest in the company all after making a quick buck. Placings are a disaster for the PIs. Look at how many warrants there are on issue and tell me that they are awarded to spivs with no interest in the company ready to cash them in at the drop of a hat. The stability of this SP and the steady rise tells me that option holders are confident to hold. Its a much more 'controlled' way of raising cash and placings can go any way unlike warrant holders.

Mr I - Never seen that one before thanks. A couple of conmen together not very impressed with BMD tips. His only comments that I agree with are the all of them!

I would just like to know how they amass their ill gotten gains, so I can learn as well ! Comments about Lenigas are a bit rich coming from him.

how many 'experts' we have on this bb who can work out from mere rumour or video clips from a distance what is going on. I worked for many years on offshore rigs and platforms and am extremely impressed with the depth of knowledge of our PC warriors on this board.

is this a bull raid instead or is it just market manipulation by insiders? I expect the company's they will be better informed than us mere PIs and can pass it on to their mates in the City. So will this prove to be another pump-up to leaked (good?)news ready for the dump just before it arrives? I am totally cynical about this penny dreadful and its such a pity given the strong position that the company now occupies. With a name like Union Jack one would expect higher ethical standards. First time I have seen a rise such as this since before the Sept 2020 placing which of course was followed by the very steep fall prior to the placing announcement0 on Sept 17th.
We shall see but I have misgivings about any volatility of this share suspecting a pump and dump before news is out, if there is any news. A couple of tankers shipping oil out of Wressle can't be the full story. I await the outcome with interest. Or perhaps we have just become fashionable among the day traders, there is certainly more interest in this share than of late. What we really need is a gobbledegook chart analysis from the magician Zak to help us on our way. Personally I know that eventually this share will rise on the company's merits with or without consolidation.

expert comment on outook for oil price say

Gains in oil prices will be driven by steep backwardation, the analysts said, which is when futures prices are below spot prices.

Where do they dream up these idiotic terms I such as steep backwardation, not even proper word anyway, I find it difficult to find these expert credible when they can't even speak English. Forward oil prices are less than spot prices is the proper term surely and only clear way to describe the situation, not dreaming up all sorts of silly scientific sounding expressions to make them sound as thought they really do know what they are talking about. Backwardation or no backwardation the oil price still seems pretty secure to me even if the ex-Saudi head oil honcho Sheik Yamani popped his clogs today.

That was the second time it happened prior to a placing, won't bore you with details but this sort of stuff is criminal and should be investigated by FCA (but it won't of course) PIs are fodder for this sort of thing like sheep to the slaughter.

Facts mr Investment and others
The following is the timeline prior to £7million fundraising Sept 17th 2020
Aug 17 2020 - Share price peaked at 0.3p
Sept 10th 2020 - The market price fell steadily to 0.1775p
Sept 10th 2020 - Once again as before the following RNS was issued in response to market speculation:
Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, notes recent market speculation relating to a potential fundraising. Union Jack is funded for drilling at West Newton and for the associated extended well test activity, and to first oil production at the Wressle development expected in Q4 2020, and it is intended that the proceeds of any such fundraising will principally be used to continue to fund the Company's flagship and other projects, and additional opportunities.
Further announcements will be made in due course.
The share price continued an erratic decline to 0.17p on Sept 17th
September 17th - a RNS announcement of share placing at 0.16p was made which raised £7million
If anyone says that isn't insider dealing then they are well and truly having the wool pulled over their eyes.

watch and listen again carefully to

29 minutes into this interview

https://www.youtube.com/watch?v=kbonWR5Mohk

After 3 incidents who's to say this won't happen again and again. A terrible admission by DB of how we were ALL ripped off by insider dealing. Not good enough.

Thanks Paddy

But what about the best case scenario Nom? The worst case scenario in my opinion is PIs being scammed by leaks within or without the organisation. That's what bothers me. This company has a promising future and its about time DB took charge of investigating these leaks prior to any future placing. Whether I get anywhere is another matter but the more emails they receive the more like they are to react to PIs concerns.

Email queries about market abuse to marketabuse@fca.org.uk.

Follow it through this page and get your facts right because that is the only hope we have of getting something changed in the rotten culture of the share dealings within this company.

https://www.fca.org.uk/markets/market-abuse

I urge all PIs to all look it up. If you feel as strongly as many on this board about the scandal of UJO placings then do what I did, get the accurate info together DYOR and submit it. Consolidation or no consolidation we need to make a stand against the abuse of the past and sitting on your hands and apathy just make it more likely to happen yet again in the future.

Chaz - very much agree with your sentiments. Transparency (is that possible on AIM) and straight dealing is a refreshing change for me I can honestly say that with many many years of investment this is the first and only AIM share that I feel comfortable with knowing that if ***** hits the proverbial fan at least we will have an inkling.

I have just this minute come off speaking with the FCA regulator team trying to find out exactly where to direct my well founded suspicions of insider dealing and its a minefield but I have enough facts to pursue it. I have never tried this before but I am furious about this one and will pursue it as far as I can.

I would hope we never see this sort of thing with POW because PJ provides info to shareholders, mostly PIs at the same time as the market and sees us as his bread and butter. Something I have never experienced before. I may be wrong but I do feel (relatively) safe with this company, not constantly looking over my shoulder for rumours and scaremongering tactics employed by derampers and broker scammers. Besides if you look at the SP graph for the last 6 months it is very encouraging (always assuming POW come up with a high profile find)

GLA