Upland Resources Share Discussion Threads

[throwingmuses] 29/10/2023 23:28

Lol it's very simple why there won't be a suspension, they're going to be investigating the scammers not the company! Upland will be first in line to assist and look for answers.

[jaknife] 29/10/2023 23:08

haggismchaggis,

"Claims that Upland has no assets is blatant lies."

That claim is "no material assets".

"Upland owns 38 percent of the Dunrobin Prospect in Moray Firth, and 25 percent of Block SK46c in the UK"

Upland has invested an insignificant sum into Dunrobin, no number is recorded in the accounts. The estimated drill cost is £8m:



Upland's share of the drill cost would be c. £3m - £3m of cash that Upland simply doesn't have. Arguably it's a liability rather than an asset.

Block SK46c is similarly not shown on the balance sheet. Again it needs to be drilled and UPL will need to find cash to fund its contribution.

JakNife

[throwingmuses] 29/10/2023 23:07

Obviously won't be suspended, which is fine, although if it was it would lock in the shorts until after PSC etc,

They're bricking a suspension for that reason, and because they need out while they've worked peak fear into holders, or at least they would if they were any good.

Investigate I agree with! Follow the money that predicted the scam bid, any huge shorts closing Friday 20th, reopening at highs Monday 23rd..... then closing in the morning at whatever level we let them out...

Unlikely to be coincidence fca

[haggismchaggis] 29/10/2023 22:09

Claims that Upland has no assets is blatant lies..Upland owns 38 percent of the Dunrobin Prospect in Moray Firth, and 25 percent of Block SK46c in the UK..The Malaysian project is early doors but Upland you'd have to say are the preferred company to take the asset to drilling.

[apfindley] 29/10/2023 22:02

To be fair I think the pump and manipulation started a few weeks before the fake bid.I'd say a group of "known" people started buying heavily at sub-1p and carried on pumping to keep the price rising. They then made a fake bid to inflate the price higher, knowing that it would rise, but unlikely reach the ridiculous price of 14p they set, so were still happy knowing that the market demand would allow them to easily sell, which they did.As for switching then to shorts being opened on the spike, I'm unsure, but it's possible.If the fca and sfo get stuck into this, there's going to be some very tight spinkters.It a jailtime criminal offence, fraud, impersonation, the list goes on. The trades can be traced.Whoever's bringing the popcorn will need deep pockets.

[throwingmuses] 29/10/2023 21:47

We're not listed on AIM snoop.

Main market, not to be messed with.

Wouldn't want huge trades that predicted the fake bid on my account.

[bmwman3] 29/10/2023 21:34

Top of the FCA list to investigate QUOTE BID IS GENUINE SCUM

[snoopy12] 29/10/2023 21:26

The shares should have been suspended on the day they released the RNS, pending clarification. A false market was created in the shares. AIM is a cesspit and it will only encourage more companies. If it was listed on the ASX the shares would have been suspended.

[linesal2] 29/10/2023 20:52

all the best.

[riskyinvestor] 29/10/2023 20:49

Good luck to those who made hundreds of thousands

Luckily I just lost £100

[riskyinvestor] 29/10/2023 20:45

I sold at 4.5p and am in Wishbourne Gold (WSBN).

Thanks for caring for me


inesal229 Oct '23 - 18:18 - 11916 of 11938
0 1 1
I will go as far as to say I was a little concerned for Riskyinvestor's well-being, as he clearly has not sold and seemed delusional with his postings.
Hope he is ok

[truant2tb1] 29/10/2023 20:25

https://x.com/truant2tb/status/1718721279488929897?s=46

[throwingmuses] 29/10/2023 20:10

Lol I've not been taking them to heart!

[haggismchaggis] 29/10/2023 20:06

Also, ignore the down votes from the shorting crooks, the down votes are as irrelevant as those making them.

[haggismchaggis] 29/10/2023 19:59

FCA won't be investigating UPL, as UPL did precisely what they are required to do when they are advised of a potential bid, they notified the market and invoked Rule 26a to force the bidder to put up or shut up.

If the FCA investigate anything, it will be those telling UPL they are interested in buying the company for 14p per share and claiming that they were associated with Mr Bollinger when they are not, which is false representation.

The best thing about the bid fiasco is it alerted many to a stock that the board believe is going to be worth far more than 14p per share, and we got in well below that, so plenty of upside to look forward to as business progresses.

"the company described Block SK334 (which hosts Sarawak) as containing “similar resources to those found in the neighbouring billion-barrel Seria field” and said it is “equivalent in scale to some of Europe's largest offshore Oil & Gas fields”."

I'll be keeping my UPL stock for that, meanwhile the shorting lowlife will take their profit on the drop Monday and wander off to attack their next stock, leaving this one to a more natural rise as that oil gets closer and closer.

Follow whichever crowd you want makes no odds to me, I will follow the company prospects, as that is where the real money is to be made.

[throwingmuses] 29/10/2023 19:45

Are you saying they were zero on the morning of the RNS? Having been in the 60's % for a long time previous, then back into the 60's % the next day??

[bmwman3] 29/10/2023 19:38

Be wary of new identities posting only having joined like a day ago

[bmwman3] 29/10/2023 19:37

Just the lack of certain posters posting as they are riddled with guilt speaks volumes why would some 10 or 12 posters in shifts basically continually post all weekend with feelings supposedly so strong and then nothing now! Absolutely stinks of boiler room corruption and now they're running for the hills

[bmwman3] 29/10/2023 19:33

It is now but it wasn't the morning of the RNS

[throwingmuses] 29/10/2023 19:28

We don't know who it was artificially inflated by though Jack, or at least I don't.

The duration of the scam was a pump and dump by the scammers, yes.... Or a close and reopen short positions higher. Can you understand why it works just as well by shorting? Can you see why it's not a pump and dump in the normal sense?

The FCA can request details of trades in UPL for the period in question, shouldn't be too difficult to see who traded big and to big advantage around the scam. Work it from that side, and also back from whoever put forward the bid.

I wonder if IG publicised shorts are always accurate? Does anyone know at what point they went to zero? And then back up over 60%? I don't have an account there so don't know much about it.