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UT 0.21 SP down 10% on the day. more of the same tomorrow then. not sure where bottom is here if 0.2p doesn't hold.
No evidence 10p owns any shares at all - if you believe him he's been buying all the way down - you'd have thought we'd have seen a TR1 wouldn't you? No , he's a paid ramper iMHO but with things like this
Tymers Posts: 2,950 Price: 0.27 Strong Buy 28/05/20
RE: The winds of change...Today 15:31
The sp is only going one way from here up quite simple if you want to make some serious money you invest imo huge uplift 1p before long heading to 2p an upwards I knew this was coming like many holders and new are coming on board. Happy Days Ukog United
it's 25% down on in a week and he still comes on here spouting nonsense - he has to be paid to do it..........
Well said Longwait but you know and I know the pair of t’s will be at it again ramping all day long. They should be ashamed of themselves.
' If indead 300b/d is all she will flow, well then this is indeed a very steep cliff to price recovery.'
Resident rampers have been screaming that the shares are a screaming buy for a long time; I remember when they were saying similar things to what they have posted today and the price then was 0.70p.
Anyone who disagreed was dismissed as a troll.
The rampers have been saying that production will shortly and easily reach 1,000 bopd and 3,000 thereafter.
Where is there anything in today's RNSs to indicate that there is any prospect of production reaching 1,000 bopd in the near future?
They seem to be talking about a modest increase from the existing producing well(s).
Unless and until production increases substantially, I would not expect any analysts or brokers to be recommending the shares.
In the meantime, the only people who will be recommending them are people like Tymers and TrollHunter2, who are sitting on losses, who were urging people to buy at multiples of today's price, and who talk about anyone who disagrees with them as if they are out of touch with reality, when it is they themselves who are out of touch with reality when they talk about a 2p share price in the near future and then 10p.
Thought all the scum bags at YA would be down the pub celebrating, but they must have left one person back to keep the sells going. Well ! if that's what it takes to see the back of them. I'll put up with it for another day.
My celebrating will begin tomorrow. :)
Yep understand your point, but that's the thing that has forced my hand to take realise my losses. Companies SP generally tracks against objectives or projects that they outline and then deliver. UKOG however seems to have muddied the waters with their reporting and missing key bits of information when releasing an RNS and their funding has been questionable. I think there are probably quite a lot of people who are stuck in a whirlpool & others who believe in the next mini milestone.
I can certainly understand deciding to cut the loss, stop the pain. This story is taking far longer to unfold, and costing much more in cash and shares issued, then most of us expected. I am underwater of course as well on a large position here as are most of us.
But I want to stick around to see the sustained flow tates from HH1 and HH2. If indead 300b/d is all she will flow, well then this is indeed a very steep cliff to price recovery.
However, I am of opinion we will do significantly better flow rates here. Also, with the previous lows so far holding, and huge volume trading, and yes, long - term holders capitulating as derampers pat themselves on a sure call for still lower prices, a lot of the conditions for setting a longer term for the low in the share price are at hand, in my opinion and experience trading.
Haven't really posted on here as there are definitely enough people on this board with enough differing views and lots of time on their hands. I have personally wound up my "pleasant" stay at the UKOG inn, for me this share has far too many unknowns (ironic with COVID in the air) and far too many deviations from what a typical company in this sector would/should be doing. It seems like there is a dream that most people on this board are chasing (which is totally fine) but for me, taking a healthy loss while the overall oil and gas market seems to be moving back upwards UKOG contains too much risk for me. This may well turn out to be none of those shares that I see on my watchlist which go 150% in one day, but the chances of me losing more money over the next few months seem to outweigh the likelihood of a multibagger.
This isn't a ramp or deramp, it's more of a statement to say if you are on here chasing a dream and cant affords to take a significant loss and live with it, think long and hard about all of the things that have been going on with the share. The positive, the negative and the outright bizarre. Few companies will do truly bizarre things for a positive outcome.
UKOG will stay on my watchlist, hopefully this will turn around, wish everyone the best of luck!