Union Jack Oil Share Discussion Threads

[atino] 04/10/2019 18:44

Dear old me - some just don’t learn 🤦‍♂;️ - UJO care to follow suit 🤷🏻‍♂️💭💭8173;💭ԅ83;😜


Thanks to the Winnileaks service I have in my possession the presentation Reabold Resources (RBD) is serving up as it endeavours to raise up to £30 million. I gather it is tough going. The deal will come as a shock to joint brokers Turner Pope and Whitman Howard as it is Stifel Europe that is acting as broker. The presentation says the deal will be announced October 8. Ho Ho. 😜

[bakedbean] 04/10/2019 16:53

Can't complain over the 2 day rally .. not sure how it got that low in the first place but here's to onwards and upwards

[markstevenkirby80] 04/10/2019 15:48

Will this get to 1p ever

[bionicdog] 04/10/2019 15:03

Consolidation never goes well in my experience. Better to let them get to 3p on their own.
They could always buy back shares and cancel them if they're ever rolling in cash.

[lageraemia] 04/10/2019 13:22

I kind of like having MILLIONS of shares in something though....

MWAAHHHAAAAAHHHHHAAAA!

[likeawalrus] 04/10/2019 12:57

absolutely daft for a circa GBP30m company to have 12 billion shares in issue, they should have a 10 for 1 re-issue imho to facilitate trade-price transparency

by way of comparison, RBS has 12 billion shares in issue with a mcap of GBP23'000m

[maxwell] 04/10/2019 10:52

Another 4,695,582 @ 0.2127p = £9987.50 plus costs then £10k buy and not a sell
as given per 10.27am per cannot see holders working out a number at a quote
price which you do not know in advance. Hence real buying at present??????

[kirtonender9] 04/10/2019 10:44

Got to be good news.Maybe some peeps can't see that

[bionicdog] 04/10/2019 10:30

The new shares issued by RBD will be at a discount , but that doesn't affect us.

[currypasty] 04/10/2019 10:25

it means more cash available to develop west newton to the point it can be sold

[maxwell] 04/10/2019 10:24

Trades seem to be still marked as sells ie: trade of 4,565,555 @ 0.002189 pence
= £9,994 plus £6 trade cost and you have a £10k to broker per value to buy at
best hence not a sell as indicated????????? What do you all think right/wrong?

[currypasty] 04/10/2019 10:24

good news I would have thought!

[bionicdog] 04/10/2019 10:22

How is that perceived as bad news for us?

[likeawalrus] 04/10/2019 10:14

I don't know how or if this would effect UJO in any way, any thoughts?

4 October 2019

Reabold Resources Plc ("Reabold" or the "Company")

Statement re Potential Fundraising

Reabold Resources, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, notes recent press speculation relating to a potential fundraising pursuant to an equity placing with certain existing and new investors. The Company confirms that it is in the process of taking indications of interest from investors with regard to an equity placing of between £20 - 24 million, with the majority of the proceeds intended to be utilised to meaningfully increase Reabold's interest in Rathlin Energy (UK) Limited, to fund and accelerate the permitted, two well work programme at the West Newton project, and to exercise its existing option in Danube Petroleum Limited, providing the required funding for the IM-2 well. The bookbuild, being conducted by Stifel Nicolaus Europe Limited, is expected to open at 4.45pm on Tuesday, 8 October 2019.

[currypasty] 04/10/2019 10:13

RBD RNS

The Company confirms that it is in the process of taking indications of interest from investors with regard to an equity placing of between GBP20 - 24 million, with the majority of the proceeds intended to be utilised to meaningfully increase Reabold's interest in Rathlin Energy (UK) Limited, to fund and accelerate the permitted, two well work programme at the West Newton project, and to exercise its existing option in Danube Petroleum Limited, providing the required funding for the IM-2 well.

[oilbuy] 04/10/2019 09:35

Being able to buy under the mid price indicates the market makers are flushed with stock

[bakedbean] 04/10/2019 09:20

Yes better way of putting it :)

[bakedbean] 04/10/2019 09:19

As of now, those last 8 "sells" are infact buys

[buffskins] 04/10/2019 09:13

.224s are buys btw

[ccr1958] 04/10/2019 09:07

Filtered idiot alert ,must be gonna go up .

[bakedbean] 04/10/2019 09:05

In all the list of trades, it looks like just 2 are sells .. yesterday just a few buys and it flew

[currypasty] 04/10/2019 08:58

29th August...
David Bramhill, Executive Chairman of Union Jack commented:

"The confirmation of a major oil discovery at the West Newton project is highly encouraging compared to its original perception as a substantial gas discovery. We now await a revised CPR that Union Jack expects will provide details on the oil in place, gas in place and recoverable volumes"


5 weeks, and not a sausage... maybe next week?

[maxwell] 04/10/2019 08:37

Looks as if a buyer around, if only the LSE could keep up with the MM’s
& show real spread against deal prices then all would be simpler etc.

As 24 trades & 33mil buys so far hence average up.........

[atino] 04/10/2019 08:31

Traders act with caution ahead of todays US farmpayroll 🙇