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Skwizz. That's what I've always done but for some reason most dont like to see others make money. That's why we are here folks
excellent post & much of that I agree with & makes total sense. Feel the prospect of a placing is just like clouds hanging over the share & will not go away, despite others saying it will not happen, guess we do not know what it will look like & when it will drop. Thought the support level was at .26, but now that has gone who knows.
Kinda in a good position that if this rises my previous holding & heavy losses will be clawed back & if it falls & I can find near to the bottom I can re-invest the profits from last week. All the ramping & deramping aside I do hope we can all do well here over the next few months
Lol Cap.
Others say I underhype it.
Probably because I am, and often say I am, very negative about it.
It doesn't matter it's all entertaining.
As for my posts, they're all here.
Up until two years ago I was more positive and before that very positive.
For the last two year I've only been tradig it and will continue to do so.
Buy the lows, sell the highs.
That's how best to profit from UKOG (and many other AIM shares).
Scoobyscraggles.
My opinion, for what it is worth:
1) Turkey provides an opportunity for the MCAP/SP of UKOG to move upwards.
2) The notable risks working against the short-term (2 to 6 weeks) increase in SP; placing (which I do believe will come) and the availability of the AME rig to drill (great to see the pad being prep'd, but when will the rig get there)
3) Continued sell off by existing investors (although I think many of the traders have already taken a profit, there are a good number under-water and maybe waiting for an exit opportunity).
4) I don't do graphs, I think they suck. Some folks are saying this will bounce, others will say it'll drop. The trend over the last 4 days has been downwards, the frenzy that kicked off middle of last week seems to have dissipated. I see the SP drifting to sub 0.2p very soon. Whether it finds support at 0.2p is a big question, or will it sink lower. Much of that depends on news flow.
5) The CEO has been very very quiet. In days past he has been very vocal and keen to show his feathers to PI's and the market. The lack of CEO updates, with occasional Twitter pictures is a concern. Maybe he doesn't want to face the questions relating to placings and timescales. I would assume that he makes some form of appearance by mid-May as the results should have been filed with Companies House by then.
I'll give a view of SP in 2 weeks time, i.e. end of April: Low 0.12p High 0.5p
- my expectation is 0.18p.
- the low figure reflects current drift
- the high figure reflects return of high volume buying with spud nearing
As I've stated before, I'm not into roulette. I'm waiting for hard data and facts to support basic fundamentals. But this is AIM, and it can be a casino if you desire.
I'll not give any advice as to whether you should invest, that is not something I do. All I would say is do the fundamental research, don't listen to others (and that includes me.....).
OK my posts removed, seems one must be on ones best behaviour & not respond in a flippant way to blatant ramping. Understood. Not posted for a while but must do better.
Anyway to the knowledgeable guys on here - Ocelot, Wizard, Penguins, Cynder +others where do you see this is the next week or so. Gotta big pile of dough to load up again but am little weary when to jump back in
I hope so Wiz - I'm in all three you've mentioned ;-)
GL SR
What amazes me is how fortunes can change within the oil & gas sector while UKOG touched 0.11p now 0.0025,
Angus I believe 0.34p now 0.0090, Hurricane energy 0.66 now 0.0225p.
The tables can turn the other way just as quickly so lets look forward to better times ahead.
I think it is quite ironic that a well timed placing would not be at a discount or sure to rise as the drill hits the ground so all those playing games miss the boat.
Gl.
Wonder what a "safe" share price means - was UKOG's share price "safe" at 0.15p before it rose to 0.475p?
They're not lying.
They have a view point.
You and I may anticipate a placing, they do not.
Neither of us have any evidence.
We have made a judgement based on the [limited] evidence available to us that we choose to accept/believe.
UKOG - The birth of a new religion.
:'D
Lot of Buy's coming in...Million. 2 m 12 m..some one knows something. MMs loading up. Soon be 1+p ..on news. All coming together.
News due on Basur-3...Transformational . Will send the SP to the SSSSKKKKYYYY. We need Trolls...you know the Share is going to "EXPLODE".
Trolls are out to get in lower. Easy ..Why are they here. News coming. No placing.
Cynderlad - "DYOR, but my firm belief is that a placing is due before end of April"
Well at least that's better than what you were STATING when the sp was 0.11-12p i.e. "Turkey deal is off"
Shame on you - I wonder if your pants are on fire?
Posters have been predicting the next placing ever since the last one, but, to date, nobody has managed to predict the exact timing.
Knowledge that a placing is highly likely did not stop the share price rising to 0.475p last Friday morning..
As I have said many times over the last few weeks:
1) £2.2 million was raised in Oct 2020. Its been 6+ months since then, and UKOG have spent cash at HH in that period.
2) UKOG have delayed filing of annual accounts which would have showed cash position as of end of Sept 2020, it would have also showed burn rate including director remuneration and how much Sando took in pay cut (20% to 50%) and whether Sando also took a bonus.
3) I've done my own calculations and I believe that they are short of cash to pay AME. I expect the payments to be made in instalments (maybe 3 or 4) to cover the work being done. AME have a free carry on drill costs as UKOG are liable for 100% of the costs and then get 50% of the production (if successful).
4) Neither of the last 2 Turkey related RNS's have covered the topic of funding. If UKOG were fully funded, then they would have stated that in the RNS's, they did not, thus read between the lines and you'll likely reach the same conclusion as me.
DYOR, but my firm belief is that a placing is due before end of April, or early May latest. HH has not generated enough cash to cover the shortfalls.
Unfortunately everyone is being told lies this share is going to plummet because the placing for JOV Turkey is contractually in the writing to pay for the equipment and drills, they have no cash reserves in the bank at present! Rampers hold your head in shame! Costing people money!