Urals Energy Share Discussion Threads

[martyn9] 23/10/2018 12:54

That's the big question clangers where has the cash gone?

[neftanik] 23/10/2018 12:52

That's what you said at 80p

[theclangers] 23/10/2018 12:49

the board estimates that even after the net cash inflow from the coming tanker shipment the Group will continue to face a working capital deficit of approximately US$3 million.

So even if the Kon-on-ov man pays back the $1.5 they are still short of cash!

How were they going to pay the divi in the first place?

can you trust Russians on an Island to be trustworthy with your hard earned?

I expect a lot of cash dollars are exchanged on the Island, how much of that would go though the books!!!

[martyn9] 23/10/2018 12:43

Mention insolvency and naturally people panic and run,adler could pick this up for peanuts.

[chavitravi2] 23/10/2018 12:35

Well over cooked. Good buying op for the brave.

[theclangers] 23/10/2018 12:33

Wake up and smell the coffee, they are all in it together.

[amargosa] 23/10/2018 12:30

Where is the group finance officer? Why do they need accountants? Kononov is happy to wait and see - will the Board crash the car? If there is a power struggle between the CEO and Kononov, then the CEO has to go so that something can be worked out with Adler.

[johnwalton] 23/10/2018 12:27

When you bring in new accountants it sounds like somebody
has been "dipping the TILL".

Expect more pain here.

as they say "HOLD TIGHT AND ENJOY THE RIDE".

[geoffmanana] 23/10/2018 12:25

I'm out....10k at 36.10 and 10k at 35.25p.....big loss but hey ho.

[rodneyfoster] 23/10/2018 12:25

Sorry wrong board

[rodneyfoster] 23/10/2018 12:24

Something going on in background .They announce increase BOPD hitting 1000.If anything has negative effect on share price Smallest sells result in big falls .Today strange day thUS far .Down 15% on little volume .Not looking good .They will need e refinance come next year .HOW though how .

[theclangers] 23/10/2018 12:19

Adler want all of UEN one way or another, at the same time, pay as little as possible.
Expect a low ball dilutive fund raise by Adler.

[martyn9] 23/10/2018 11:49

yep, a dividend can only be paid if showing profits,i'm hoping darren the bod are playing a game of poker with kononov,i very much doubt adler would want to see his investment go down the pan including ourselves.

[bengal1] 23/10/2018 11:46

Insolvency process... Oh dear

[darren81] 23/10/2018 11:45

I hope this is all smoke & mirrors to try to force Kononov into paying back the loans!

Otherwise the easiest thing for Adler to do would be to make an offer to buy out the remaining shares.

[gregpeck7] 23/10/2018 11:45

If things were this tight there should not have been a divi at all!

[martyn9] 23/10/2018 11:43

Exactly greg,where's the money disappeared to from the last shipment?? allowing for loan to be repaid to petraco.