Union Jack Oil Share Discussion Threads

[bionicdog] 19/2/2021 12:53

I blame GP2.

GreyPanther221 Sep '20 - 16:42 - 5678 of 7779 Moderate | Ban

From the placing RNS I think the new shares will be listed from tomorrow, Tues 22ns, so there will then be a whopping 19.8 Billion (thousand million)shares in issue. Is it time for a consolidation maybe?

[p@] 19/2/2021 12:43

Karina-The most anyone can lose is 199 shares=34p!

[bionicdog] 19/2/2021 11:40

That's wiped out my entire holding. :o(

[karina] 19/2/2021 11:38

as Fractional Shareholders with cash proceeds of less than three pounds (£3.00) will not receive any payment

[currypasty] 19/2/2021 11:35

its all a bit off yet, time to get back on track with where are we up to getting 500 bopd on Wressle, and when is EWT starting on WN..
Reabold presentation clearly states start of EWT in February!

[likeawalrus] 19/2/2021 11:33

my understanding is that anyone who has a holding that isnt exactly divisible by 200 will either receive a payment for the 1 to 199 shares or will have the amount written off if the company deems it uneconomic to make a payment for such small amounts

[maxwell] 19/2/2021 11:28

Just topped up to give me total shares divisible by 200 so now all ok & at 0.00164p
Best Buy for a while.....

[bionicdog] 19/2/2021 11:27

Karina
I don't have him confused. The thing is to be careful what you retweet just because someone shares some of your views.
Anyway , enough of this. Back to slagging DB off.

[bionicdog] 19/2/2021 11:25

That wasn't the reason. The reason was to make the total shares in issue divisible by 200. In practice it doesn't work though , as not all individual holdings are divisible by 200.

[likeawalrus] 19/2/2021 11:24

the point of issuing 75 shares is to ensure the number of shares in issue is divisible by 200, nothing to worry about :)

[p@] 19/2/2021 11:19

Bramhill worried about losing 75 shares at 0.17p = 13p ! Has he got Dementia?

For Gods sake David take it out of expenses it would cost us a lot less in time wasted on that!

[likeawalrus] 19/2/2021 10:49

this doesnt smell right to me, the only significant reason I can think of for a consolidation is to facilitate another placing later in the year, but what would would they need the money for?

[currypasty] 19/2/2021 10:39

I didn't know bionic, thanks for the tip off...

perhaps on this occasion he may have a point that time for a better broker/nomad?

[karina] 19/2/2021 10:38

I think you have Lee confused with someone else bionic.

I will give you the Spurs bit though ! ;-)

[thetoonarmy2] 19/2/2021 10:37

Think all shareholders should vote by Proxy against these proposals get onto to your broker instruct them to vote against the consolidation

[bionicdog] 19/2/2021 10:32

And he supports Spurs. :o)

[likeawalrus] 19/2/2021 10:28

I found the interview, 30.11.2020 Proactive (first interview after placing)



listen to what DB says about shares and liquidity from 34:20 to 36:00

"OUR LIQUIDITY IS ABSOLUTELY EXCELLENT"

(sp was 0.14 then, 0.16 now)

[currypasty] 19/2/2021 10:25

Lee Bartholomeusz
@leedbartz
Replying to
@Heid_oil
It is excellent, long overdue news.

Clearly leaked again, hence the large sells over the past few days. For that reason, we should also consider a new broker and NOMAD. I'd like a shareholder vote on that as well, please #UJO
@UnionJackOil

[karina] 19/2/2021 10:22

Lets hope his hand was forced by potential institutional investors.....

[currypasty] 19/2/2021 10:22

you can go off things cant you

[currypasty] 19/2/2021 10:18

DB has mentioned consolidation in a previous interview, but it sounded like it was a long way off... bit like 'fully funded' ?

[grannyboy] 19/2/2021 10:15

It's down to the news flow and how good the EWT numbers reveal, if it's as good as they keep indicating then the share price should appreciate , and On progressing of their other assets like Wressle and Biscathorpe.

But it the news dries up then yes the share price will decline!

Over to you .. DAVID.