Upland Resources Share Discussion Threads

[doughty] 10/5/2018 05:59

Whatever the reason for the trading pattern yesterday the chart now looks irresistible and in good health

[druidinvestor] 09/5/2018 23:04

Maybe a double win for Sarawak - increased royalty of existing revenues and greater control of the O&G rights with the return to 1863 status.

[thejaba] 09/5/2018 23:03

DruidI'm comfortable in what the final line says. That's the main point.

[druidinvestor] 09/5/2018 23:02

Interestingly it seems the PH manifesto is a little clearer on the return of rights issue


“It is telling that the only mention of our rights in the national BN manifesto is a one liner: The rights of Sabah and Sarawak under the Malaysia Agreement 1963 will be realised by consensus. ‘By consensus’ implies discussion and negotiation.

“In contrast, the national PH manifesto dedicates nine wide-ranging promises to the people of Sabah and Sarawak under one of its 5 pillars with the heading ‘Return Sabah and Sarawak to the status accorded in the Malaysia Agreement 1963’. No negotiation and consensus needed – the national PH leaders have acknowledged and agreed to respect our rights, and have made promises to uplift the lives of our people.”

[druidinvestor] 09/5/2018 22:40

Final line being the important bit

[stark industries] 09/5/2018 22:39

Thanks Druid

[druidinvestor] 09/5/2018 22:32

Not clear what, if any, impact this will have on Petros' plans.

[druidinvestor] 09/5/2018 22:28

PH offered 20%:"In fiscal matters, we promise to give 20 per cent of oil royalty to Sarawak compared with the current 5 per cent, and 50 per cent of all taxes collected in Sarawak to be given to the state government as revenue to undertake education and healthcare."

[stark industries] 09/5/2018 22:25

How will this effect us Druid ?

[druidinvestor] 09/5/2018 22:23

Mohamad was at one stage promising the same as BH:"Sarawak and neighbouring Sabah are often touted as secure, "fixed deposit" states for the BN, but a resurgent opposition led by former premier Mahathir Mohamad is making a play for votes in the two states by promising the return of their eroded rights."

[zengas] 09/5/2018 21:45

Wonder how this will pan out.

BH party that was in power for over 60 years and promised return of oil/gas rights to Sarawak for its voting support has lost.

Opposition party under Mahathir Mohamad has won. I think they offered Sarawak a 10% increase on revenues.

[jp1962] 09/5/2018 18:43

I agree mate FWIW

[druidinvestor] 09/5/2018 17:58

We've had similar and worse retreats after every surge since the new year. Each time the dust settles and new buyers emerge.

[yogaboy] 09/5/2018 17:39

I can't recall being this indifferent to a 9% one day fall in a share I hold. The daily fluctuations here are irrelevant in the context of the prize for the patient holder.

[argyle underclap] 09/5/2018 17:35

I believe Sarawak will deliver big time and will dwarf Wick.

Wick could be worth 31p if successful. Add in the prospects in Morocco and Tunisia and it ‘could’ really be a case of fulfilling Dr Staley’s intent to make shareholders rich coming true.

It’s a no brainer at these levels for me

[jp1962] 09/5/2018 17:27

Argue I take it your 50p target is after successful wick?

[argyle underclap] 09/5/2018 17:15

1M sell from yesterday at 3.8p now showing. Each to their own, I’ll still be here fully loaded when we’re bearing down on 50p

[tyler90] 09/5/2018 16:23

Filling some of the gaps on chart on the way up, which is not a bad thing but AIMHO

[duplicate book] 09/5/2018 15:43

IT is bearing in mind that buys outweigh sells over the day! Is there a big sell to show up later or tomorrow?

[tburns] 09/5/2018 15:35

A disappointing end to the day there

[soulsauce] 09/5/2018 12:20

I think most of us probably are stark. Just waiting for another to cash in and then stand back, wait for news and the inevitable feeding frenzy.

[cudmore] 09/5/2018 11:44

Can’t wait for the herd to arrive here......worth 10p at least of anyone’s money imho

[soulsauce] 09/5/2018 10:48

Often they don't report until they have finished selling and sometimes quite a while after that.
Said it myself yesterday though that someone or entity is aiding liquidity.