My main reason was that DEJ has 4 wells and are producing oil/gas.
They should be able to maintain themselves. To me it appears it is not the case.
They have borrowed heavily. They were having big money as lot of us
bought the shares at high price. Management is not clear at all.
It is our decision. Some times I think let us sell at 14 cents and get out of it and take the loss
before it goes to 10 cents or below. Hodgekinson is in only person from beginning to now.
He should come out clearly that we are having these problems and this is my possible solution.
When I do not hear good economic news directly from the company, it means things are not
going well. That is why the stock price goes down. 4 wells are not enough to run the company.
Some thing has to develop to produce more gas to sell. This management is not forthright.
DEJ Good part is that it has four wells that are producing about 7 Million a year.
Without that it will be nothing.
Bad part is DEJ owe debt of 13 million. DEJ also owe 3.5 Million to a Bank so they can
run the company for the year 2014.
I hope they make some deal with some one so they can increase the wells to more than 4
to increase the income. JSM
You are right. If CLNE refuses to switch to CNG from LNG then it is a mistake to buy CLNE shares.
If they do declare openly then it is good to buy when it goes down further in my opinion.
I go tomorrow to buy car why should I select liquid that has to be kept at very low temperature.
So I will go for compressed gas. My advice to CLNE is change most of your gas stations to
CNG even it cost money. Work from the consumer point of view. Why should we have two
systems when this is the beginning. .
Report said 70 gas stations are moth balled as liquified gas is harder to keep than compressed gas.
For liquified you need cooling system not only at stations but also in the cars, trucks.
It is a practical problem. The competitors are using compressed gas.
I bot at 11.30 and sold at 10.26 today. Good luck to all.
I thank very much therealfacts123 for explaining where SECO money will
be used by Dejour. My only question is how will SECO make money.
May be I do not understand.
No body invest money unless they know how they will make more money. .
Some thing has been brewing for a long time. All we need to know is Singapore
Company going to put in 27 M. A simple clear statement from Hodgkinson will
do the job. What is Singapore company going to get for 27 M money. To me it
is not clear.
You hit the right point. It is 27 M and is big. Since it involves Singapore the Management people
who are very involved in that area are Mrs. Neyeska Mut and Mr Stephen Mut. May be they are
related. Countries in that area they are involved are Indonesia, Asia Pacific. Singapore is like
Switzerland for all those countries surrounding Singapore.
Is any one can talk to them and get the correct information.
Does any one knows the address of Singapore Company?
My guess is if Singapore put in 27 M money (i have no reason why unless they are the major
share holder of DEJ and put in their own management) then the insiders will raise the price to 50 cents.
If Singapore does not put in money then the price may go to 10 cents or lower.
It is the price that determines the progress of the company. It should be the other way but
practical life does not work that way.
I think management is doing best so they can have their salaries.
They have 0.5 M cash. Not even for salaries. However they got 3.5 M
from a bank loan. They will get their salaries and some production from
4 wells going.
The main question is Dej owe 7 M as debt. Income is not enough to make any dent.
Now comes in Singapore 27 M. What will they get in return is not at all clear to we people.
No body gives 27 M unless they are sure to get much more.
That is the uncertainty. Can some one solve this.
There is lot of trading but not much increase in price of stock.
Once 27 M comes in the price will be close to 40 or 50 cents.
Insiders will know when 27 M deal is for sure. Since the price is
not moving that much there is no surety that 27 M is coming.
Let us hope tomorrow we get 27 M and all be happy.
There is no need to use foul language by wronggas2men#$%$.
If you do not like my writing I have absolutely no problem.
Actually it is better to give your arguments.
On Jan 6, almost all of the stocks were traded at 13 cents. Only in the
last half hour small guys (trading less than 10,000 shares) came in and
brought the price to 14 cents.
I am for increase in price but my inner self says there is some problem.
If no problem stock should be around 50 cents. What is the problem I
cannot figure out from the official announcements of Dejur. Only thing I
find is that Dejour has debt of 13 M, cash 0.5 M and now 27 M by
Singapore plus loan of about 3 to 4 M from a bank.
With 27 M one could buy all of Dejur at 18 cents.
Good luck to all.
It is good that Dejour has gone up from 10 cents to 13 cents.
If there is a big good news it should be 20 or 30 cents.
One organization SEE THROUGH EQUITY gave 53 cents.
However there is lot of uncertainty.
If Singapore deal goes through then 85 % of Dejour will belong to them.
In fact they will be the owners.
Stock Exchange gave extremely bad rating and almost going to remove them.
2014 estimated financial report shows positive cash flow then why they need
Singapore money. There is some thing not clear.
I sent one message and it was truncated. I never thought it happened in this system.
I wrote the name of 10 directors. They were all removed. This is the problem with Dejour.
I have some shares in UEXCF . They have 6 employees. They have 9 Million cash and no debt.
They spend most their money for drilling etc. They made it public what they are going to do in 2014.
They are associated with Cameco and Areva. Both these are very successful in Uranium business.
I wish Dejour management be clear as UES management. In business some times we loose and
some times we win. But be forthright.
UEX management is very clear what they want to do in 2014. It is different if they will be
successful or not.. UEX has a new President Roger Lamaitre in 2014 and has 20 years of
experience in mining companies, URU Metals, Cameco Corporation.
UEX has 6 employees and thus will spend more money in drilling. It is very good.
We hope UEX will dig Uranium and hopefully gold as well in 2014.
UEX has cash of about 8.7 M as of Dec 31, 13 with no debt.
UEX is going to spend on three projects as below in 2014
1. Western Athabasca Projects
$2.0 million 2014 exploration budget, UEX will be responsible for $982,000.
Project is owned 49.1% by UEX (present price 0.34 with a range of 0.3 to .84) and 50.9%
by AREVA.PA Resources (a big company with Uranium projects world vise present price
about 19 with range of 10 to 19).
2. Laurie and Mirror River Projects $1.4 million budget for 2014
3. Erica Project $600,000 budget for 2014
UEX is well-financed to carry out its share of these 2014 exploration programs.
UEX is also involved with Cameco and Areva very successful companies world vise.
Good luck and let us all make some money in 2014.
J. MAYELL DEC 27,13.
EUUNF has cash of 1.4 M. They lost 7 M in 2011 and Lost 6 M in 2012. Their price is 12 cents
with a range of 1 cent to 43 cents. Shares are 57 million..
Now they are going to be owned by Portex Minerals (will have 65 % of Euunf shares).
Portex have no money. Portex stock price is 5 cents with a range of half a cent to 7 cents.
Portex has 65 million shares.
I see no way any of these two companies can survive with no income.
I want them to succeed. I see no way. May be management knows some way to make
money. Please let us know.
It seems well managed. There are 6 employees (4 key executives with salary of 0.8 M).
They have good cash of 11M and no debt. However they have no income. Approximately when is income
coming. This is the key step. Uranium price has to be $ 50 (not present of $ 35 or so) for companies
to make money. My average share price is $ 0.5. Losing at present. Good luck to all especially the management.
I got this information.
Steven Ralston of Zacks wrote on August 28, 2013
1. Four hour test of the four wells produced average flow rate of 1,700 MCF/D per well.
2. Typically gas well produce increasing amount of gas for 12-to-15 days, after which production
tails off to lower levels over the next two months.
3. Dejour has to receive from drilling for investment of $ 8,125 million.
4. Despite the progress at Kokopelli, Dejour has been hampered by lack of working capital to
independently develop production from its oil & gas leases.
5. Dejour has resources as determined by four wells.
Dejour have to pay $ 8 million plus salaries of the management plus production costs.
Singapore money will help. It looks Singapore is not sure to put in money.
So far 4 wells is a good beginning. May be some one should buy all shares of Dejour
if they have enough money and are in this type of business. That will help all shareholders
provided price is reasonable.
This management did found the gas wells but it needs lot more money to be in business.