Union Jack Oil Share Discussion Threads

[currypasty] 25/3/2024 10:28

looks like close to spud

[talkman2] 24/3/2024 09:02

Yes and Nighthawk , CMR and Osceola . Given this track record why would anyone invest ?

[currypasty] 22/3/2024 16:11

Ive said for a while, flog Wressle, keep enough cash from proceeds to fund other projects, and hand back the rest in cash to holders... seems like we will never get wressle value transferred to shareprice otherwise

[aspect100] 22/3/2024 15:58

This expansion into the USA seems like a different strategy for UJO.Comparing the ease to start a new oil well in the US,and the stupid regulatory system we have in the UK then it is very likely to be profitable for the company.

I think it will be years before UJO makes a dollar from WN,so apart from Wressle,why don't they sell the lot,and use the proceeds to invest all of it in the USA.

[aspect100] 21/3/2024 19:50

Be 60p in a year.

[thetoonarmy2] 21/3/2024 10:28

Markie
I like several others get TW shareprophets blog, do I like his style of writing? Not at all he goes over the top but beware if he has you in his sights he goes all out and Bramhill made the biggest mistake of all taking him on and TW has it in for old Fattie now but when you look at what he says is anything he says not true? Come on point out any untruths.
Even a thicko can’t defend where we are pricewise Bramhill’s lack of active management or his keeping holders up todate so I suppose at 15p ish he has done a great job.
Have a nice day :)

[markfrankie] 21/3/2024 08:13

Funny how 'the Tom-Army' pops up here around the same time 'Toon-Winithrith' goes on a mud sling

[1347] 20/3/2024 20:03

PS. That's not the same as marketable securities, e.g. the Beacon shares, which should appear as current assets.

[1347] 20/3/2024 20:02

They should appear under the equity section because that is what they are and will appear as a negative item.

[thetoonarmy2] 20/3/2024 18:41

LAW.
spoke to 2 accountants today and as usual, got 3 opinions but was told this below.

Examples of liquid assets include cash, cash equivalents, money market accounts, marketable securities, short-term bonds, and accounts receivable2. These assets are typically reported on a company’s balance sheet as current assets.

So marketable securities should cover the shares Bramhill did his buyback on he never cancelled them so they are still marketable I believe.

[penciles2] 20/3/2024 16:48

Just saw news on X artic lorry just pulling out of the site, looked like Greggs had just made a delivery

[currypasty] 20/3/2024 16:27

we are the collateral damage

[bionicdog] 20/3/2024 16:26

Bramhill picked a fight with him and he didn't do very well out of it. Nor did the rest of us.

[lageraemia] 20/3/2024 16:20

What cash per share in the bank right now? 9p?

[cashandcard] 20/3/2024 15:43

Ignore TW. What we need is the drillbit to start turning in USA - hopefully imminent.Cash

[1347] 20/3/2024 15:34

Don't like TW at all, never read his stuff unless someone copy and pastes it here. However on the buyback, according to my calcs UJO bought back 6,300,00 shares and spent £1,733,138 doing so, making the average price 27.51 p. share price now at 15.50 p mid so lost about £800 k on that.

[likeawalrus] 20/3/2024 15:18

toon it's my understanding that they are not recorded as assets under uk gaap

[likeawalrus] 20/3/2024 14:40

imo what we really need is progress reports on our JVs with Egdon, including Wressle. the longer the silence, the longer the slump. what bramhill doesnt get is that shareholders can handle bad news or moderate news, what we dont like is NO news

[markfrankie] 20/3/2024 14:27

Time for DB and crew to buy some shares?

[markfrankie] 20/3/2024 14:18

Is the toon related to Tw? Only reason i ask is; same sort of bitterness there,
Remember shares go down as well as down lol.
Not many trades just a holder bailing for funds we hope,
Tw will put his ugly little boot in whenever he can , a few years ago; he a so called journalists threw his toys out of the pram When ujo tried to find out who told the market a placing was underway. (There are a few posters on here that will say anything and their main objective is for share price failure)