Upland Resources Share Discussion Threads

[duplicate book] 06/6/2018 11:55

Going to need something! Chart isn't looking too clever just now, and with low volume to the buy side and a steady drip drip of sells this could retest recent lows before we get a bounce.

[doughty] 06/6/2018 11:44

...if it doesn't come I will issue one ! :-)

[stark industries] 06/6/2018 11:13

RNS logged to arrive any time May be this afternoon or tomorrow ?AIMHO (code 1)

[nlmbidc] 06/6/2018 09:51

SIPP amounts vary on age and salary.
So no hard and fast rule for everyone.

[doughty] 06/6/2018 09:34

Can one "bed and SIPP" to that amount ?...I guess any CGT due on the 1m is payable elsewhere

[nlmbidc] 06/6/2018 09:12

You can put more than a million shares into a SIPP.

[doughty] 06/6/2018 08:34

....and 2.85p does seem to be the support level...that is good!...we have moved on to another level !

[doughty] 06/6/2018 08:33

In the last month....

Around 80 million shares traded ( 17% of the company )

SP down 25% on closing high of 4.05p

No holding notifications

No negative news from the company

I can only see it as a healthy churn as people who have met their investment criteria move on and derisk

Its the same old story....we need some proper exciting news !

[doughty] 06/6/2018 08:12

A million shares would be over an individual's annual ISA limit ?

[doughty] 06/6/2018 08:09

The late trades are interesting...they have been going on a while now and add up to more than the what I think is the notifiable figures...4.59m for crossing a threshold...and the c. 12m for the initial notification...there are too many reasons why these late trades might appear...I am sure the reason will reveal itself in the fullness of time

[thejaba] 06/6/2018 00:06

I think it could be the BOD adding to their holdings. Anyway we will find out soon if it is.

[tburns] 05/6/2018 18:38

Look like ISA transfers to me Cudmore

[cudmore] 05/6/2018 18:20

look at those delayed 1m trades. Someone is hoovering these up 😉

[moormoney] 05/6/2018 17:37

Nice tick up at the end.

[stark industries] 05/6/2018 08:20

Lol ok get it :))

[soulsauce] 05/6/2018 08:19

No. I was stating that like UPL my UOG fell away in the almost identical way late yesterday afternoon.

[duplicate book] 05/6/2018 08:19

I think he was meaning a few of his holdings Stark. UOG dropped away towards the bell like UPL yesterday afternoon.

[stark industries] 05/6/2018 08:17

On your post 2784 you wrote a few of yours fell away I thought you were stating that a few of your shares were sold ?

[soulsauce] 05/6/2018 08:15

Why do you ask? I never have a stop loss, especially on a share I am so confident on.

[stark industries] 05/6/2018 07:55

Did you have a stop loss on your shares Soul Sauce ?

[stark industries] 05/6/2018 07:53

Thank you for the facts Sja

[sja123] 05/6/2018 07:50

From 21st May RNS:

" Upland has recently held meetings with the Board of Petroleum Sarawak Berhad ("Petros"), Brooke Dockyard and Engineering Works Corporation ("Brooke") and other relevant entities, in Kuching, Sarawak. The Company also attended a conference held in Kuching on 16(th) May 2018 where the Chief Minister, the State Legal Counsel and Petros laid out the plans for the Sarawakian oil & gas industry to a large audience of industry professionals and the press. Upland were able to discuss matters with the Chief Minister of Sarawak following the conference.

Plans for greater independence for Sarawak in upstream oil & gas were confirmed to be unchanged after the national election, the result having had little impact on this process. This push for more independence in this industry is clearly popular with the people of Sarawak and enjoys broad cross-party support. "

Worth reading this RNS in full again.....slowly....
Note....the State Legal Counsel....they would have been expecting this challenge IMO...

[sja123] 05/6/2018 07:36

Petronas IS the government.......of federal Malaysia, or at least an entity of. Petros is the new entity set up by the state government of Sarawak.

I would assume that this will be decided by political agreement between Sarawak and the Malaysian goverment....maybe they already have an agreement in principle to open up Sarawak....that would make sense with UPL getting involved....these things have been ongoing for a while I would think.

It's likely, that if left to law, the courts would back Petronas, as there is an act of parliament governing this, the 1974 Act. It is up to politicians at state and federal level to change this Act.....we have a previous Sarawak politician on our board....I would hope he has a good insight into what will evolve here and we just wait to see the outcome....

By the way....

Wick is a company maker if it comes in...
North Africa 1 TCF asset mooted is a company maker if it comes in....
Something else in Africa or elsewhere?

Sarawak is important and may well have a planned political outcome already....but should the focus change, I will rely on Dr Staley to get it right for shareholders...after all, the board hold a lot more of these than we do!

All IMHO etc

[doughty] 05/6/2018 07:35

I havent sold out...I am here for Sarawak with Wick a nice short term distraction...I am sorry if I have spooked you with my thinking aloud...I will keep those thoughts to myself and remain a UPL cheerleader !

[soulsauce] 05/6/2018 07:28

A few of mine fell away late afternoon so not sure this is anything specific. Take uog for example.