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(You forgot 'cute').
Skwizz - you actually seem like a decent chap
I think we'd be poorer without your input, oil.
Haven't seen anyone suggesting you're ramping, but your posts seem fairly balanced as I recall.
It's not just the US.
It's global and nobody's really talking about it, probably because they know nothing's going to happen until the virus is bneing managed.
The US is poor because they've, frankly, been mismanaged and misled.
And on a lot more than just the virus.
Ask yourself is this number a surprise ? Ask yourself is this number going to remain as low ? The stock market is always looking forwards. To my view, the Trump approach is to take the casualties in terms of human life and health and save the economy (f course he's mad but that's not news). Wait for Nivember. Whether Trump gets back in or not, I think that is when the stumulus is reduced and the real recession begins. If Biden looks like winning, the stock marlets will roll over - JMHO.
Folks have any of you looked at the U S A's GDP figures? I think you need to!!!!
Down 32.9 % more than the great depression at 30% This could have a massive effect on things. Oil consumption being one.
I could be wrong and if so I will put my hands up now but if I'm right we will see a big drop on Monday in all the stock markets around the world.
That being the case how will this affect the Ukog stock price ?
Any thoughts folks?
Not trying to ramp this as I am not quoting anything that is not in the public domain. Maybe I’m best sharing research elsewhere as there seems to be little interest in any future success of ukog. Gl
I'm not sure what SS actually does do any more.
Nice post you just made in the "All" thread, btw.
Over the last few years I traded an ETF invested in WTi (West Texas Crude).
Made reasonably good profits from it but nothing like UKOG.
In February it went to a "Historic Low" and I put more into it to take advantage of the rise when it recovered.
It didn't recover.
Trading was suspended that same day and I got 5% of my holding at that back.
With the profits I'd already made, I only lost about 35% of my investment.
My point is that I cannot listen to anyone saying they're buying into a low to make profits when it recovers.
Yes, it's possible.
I've done it myself and still do.
But it's a high-risk strategy and ramping is when someone says "when", instead of "if".
You know what I mean lol. Does SS respond to investors emails?
Redmurc- it dont think it would take a mathematician to tell us funding would of been needed for turkey. SS was stating the obvious.....the overhang from the last placing is probably clear now and maybe some positive movement soon. Dyor
SS won't be putting his money in the ground anywhere.
SS will be putting PI's money in the ground.
I think I understand your question now, but it's still not one I'd claim to be qualified enough to answer.
I do know what the S&P500 is and I understand it's been good to invest in for long-term though I don't personally.
I do hold some US shares ('stocks', lol) and I understand there are various funds and trusts that specifically invest in the S&P500.
They were all bought to hold, not trade, but occasionally they have a rise which makes me uncomfortable by its' size and speed.
If I have a large profit in a small amount of time I'm happy to Sell, even my supposed 'Long-Term' holds.
Very recently I've sold Amazon(some), Apple(all), and Zscaler (all), either at the top, or what I perceive may be near the top.
Of the US I still have all (or some of) my original holding, I have;
Micro$oft (my largest US - all)
among a handful of other less well known companies.
Again, although I've been investing since I started working, I started taking more of an interest and taking on the management of some of my investments around twenty years ago.
I only started investing really seriously about five years ago when I began managing all my investments myself.
Currently I only have about 20-25% of my portfolio is in the US and am trying to decide whether to put more in over the next year; I'm torn between the US and China/Asia.
Here in the U.K. we have a number of vehicles (pensions; ISA's...) to make investing very tax-efficient and I have been able to exploit those completely.
I only have a very small amount of cash that I keep outside of those, which is a reserve to carry me through the next twelve months.
Any left over is re-invested.
Any shortfall can be made up from investments, without any tax penalty.
I'm able to invest and take income from my investments free from income tax and capital gains tax.
This is probably more than you wanted to know but I hope it helps anyway.
Crocqman. Placings are a necessary evil and at least SS will be putting money in the ground with turkey. I am pretty sure any drilling campaign in turkey will support a £30/£40m market cap alone. It’s the end result of that drill that will determine a movement up or down. The near term catylist is the planning meeting for Loxley......market already factored in the downside and any upside could be healthy
Whilst I don't disagree with the argument here, another reason PI's don't like placings on AIM shares is that generally (not always) they are not offered the chance to particiapte, hence the dilution issue.
If it is a well run company, and investors can see the case for a fund raise, and the long term benefits for their investment, most realistic investors see this as the 'norm' for AIM shares and their initial growth requirements.
Here, disappointingly, SS seems to have been wanting to run before he can walk with all the asset accumulation. If all comes good, then it was all worthwhile, of course, but many investors would have preferred the drill program to have been the priority, cash generation to provide alternative fund raisinf options.
Looking at the 2019 dril program RNS (Jan 2019) we are arguably at 1-2 years behind schedule in just an 18 month period since announcement, with other distractions (planning, IOW, and now Turkey) seemingly more important.
Investors would like to see a cohesive plan and focus on delivery
Perfect sense that
Like I have said you have all had a tough ride. The macro environment has not helped the case. That’s not to mention a convertible loan and no operational activity. This spells out why there has been a degree of sp decline. Activity is now on the horizon and that’s a factor that will attract new investors. Hopefully any funding now will be spent in the ground and placings are a part and parcel of aim and that’s what we need to be used to. I expect a raise in October to fund turkey (when Turkish government signs off the deal). Hence why there should be some support at this share price......investors are going to speculate. Unfortunately existing investors have 3 options (1) sell out and move on (2) accept the paper loss and where possible average down to make future average achievable (3) do nothing. I have be caught previously on a share that fell for 12 months, I can say it was a horrible experience. Positives I can see is activity, drilling, production increase, debt free, oil price rise. Negatives a ceo that’s all over the place but I am sure nobody moaned when Ukog was £400m market cap. I am happy to hold and see this as very speculative but 0.4p is possible this year with a little luck
We can all see that UKOG is trading at an historically low level and how that has come about.
Does it possess the potential to rise from this level?
If you answer "no", then the solution is to sell.
If you answer "yes", then you remain invested or buy.
There is a clear pattern over the last 2 years - even the guys who are positive eventually get sick of the constant decline in prices, the lack of news, the non-investment by the BoD, the waterfall of dilution - Toe has now had enough and has joined the likes of Joey, PCS etc etc Even ol' Ten P is hardly seen on here these days.
We all know there's got to be another raise to pay for Turkey and we still don't have any production guidance (never mind a CPR) on HH. It's really hard to believe but this is likely to get worse rather than better.............
Up until Christmas I was hopeful we'd see day light - HH2z producing several hundred barrels a day, HH1 co-mingled at say 400 bopd. End to pay day loans as the CPR would allow to tap RBL instead, a chance of another well at HH in 2020 and planning in place for late 2021 wells on the IoW and Loxley. And where are we...................... spending $5 mm on a two for one non-operated sweetheart deal in Turkey.
The reason investors don’t like placings in small resource companies is because its always done at a discount and always involve massive dilution. That’s because they go to bucket shops who demand a discount to flog it to their “clients” and its normally preceded by an attempt to pump up the price so that those in the know can offload into the spike. Novum are one of the worst for this and will be desperate to give them money as they are in danger of going under.
How do investors know a placing is coming? Easy because Sanderson has told you he needs one
“it may be necessary at some stage for the Company to raise future working capital to bring the project to fruition.”
And how many shares in this multibagger does Sanderson hold? Yip a big fat zero. His only interest is the keep the gravy train running.
They all said bottomed out at 2.5 p then 2p then onto 1.8 p then the same said at 1.2 p then i f i recall same was said at .8 then .6 then onto .3 .
Then it was said it will never reach the 1s hmmm didnt we see 0.0016 lol
Same old waffle placing ahoy
Keep hearing how this has bottomed out, aaaaaaaaalll the way down from 3p two years ago.
Nomlungu. That’s understandable to be honest. It’s looks to have bottomed at 0.18 and I think there is life in the old dog yet.....I’d rather see newsflow to see price activity
Some find pain fun; others are upset at having fallen for the hype that they now openly question.
Rampers have to try much harder than they did before.
Does not sound fun with all the negativity. GL