Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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An experienced "chartist" would not take 2 looks at UKOG based on the "a few buys and UKOG will rise" comment.
UKOG is losing money hand over fist, ridiculous overheads and < 3 months cash left.
The GM had to be postponed because their finance mates were voting against the motions, leaving UKOG high and dry and facing imminent wind-up.
The CEO had to get a shed load of extra shares put into the EBT to get them over the line on the resolutions at the GM. Without that completely scandalous approach, the company were bugg'red.
Right now, UKOG have HH1, which is producing a small volume of oil and significant volumes of water and is following the trend that will see it P&A within 5 years.
They have no other assets of value and a cash call at Loxley that is in excess of £12million, which they will never raise, and they'll not get a partner based on the dodgy CPR.
So, what's next, well, there are 2 options.
1) cash raise to enable the CEO to get paid for another 12 months, or
2) failure to get further finance, leading to the company folding by summer 2024.
Sando may try to squeeze it out a month or two longer, but that will require him to lay off lots of staff, which I am sure he will consider and it'll not need an RNS< it'll just happen.
Buy today and come Easter you will be sat on a minimum of a 50% loss.
There is no good news to come, nothing.
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Or in other words it has stopped the constant drivel written by Martin Frederick Collyer. You'll never guess who he sounds like.
Until the good old RNS is out stating another 5 tonne of shares will be issued to chase some other crap venture, (in reality it’s for the overheads and big man’s wages)
Not another penny off me until this dilution is over with, god knows when that will be, max £20 a month to cover fees etc. that’s it.
Even with the 1 for 10 being able to buy 1m shares plus for under £1k does not sound good.
A few sells and mms a bit more open this morning. Ask is still at 0.07p. A few buys and UKOG will climb.
No of shares updated to 29/02/24: just need to update it to 05/03 now:
https://www.ukogplc.com/page.php?pID=5
Skwizz . It still shows bias from you and the rest of the hypocrits reporting Adrian but not Bumdebum though doesnt it :)))
Its shows what nonsense you spout using the banned poster reason for reporting posters. Because you only report investors dont you. That is why BumdeBum will remain. Because he is a banned deramper and you lot know it but will not repoert him.
Pure hypocrisy.
2023 UK onshore oil production sinks to new low
Onshore oil production in the UK fell again in 2023, to the lowest level for more than 30 years.
Onshore gas production rose for the second consecutive year, up more than 60% in 2023 on the previous year.
Official figures from the industry regulator, the North Sea Transition Authority, showed that total UK onshore oil volume in 2023 was 714,586m3, down 12% on 2022 (813,404m3).
Full story here;
https://drillordrop.com/2024/03/06/2023-uk-onshore-oil-production-sinks-to-new-low/
Also;
https://drillordrop.com/2024/03/06/hampshire-urged-to-ban-new-oil-and-gas-developments-in-updated-planning-rules/
for those living in Hampshire.
With mistakes in both of your duplicated threads, "most" is what you chose to correct?
Lololol.
The reason UKOG's SP is so low is because they keep printing more and more shares to generate cash for projects that fail, giving them to lenders of last resort who deliberately act to depress the SP. It certainly isn't because a few posters here are able to predict that failure and are prepared to explain why - in contrast to UKOG's claims and explanations that don't add up
You're only here because you hoped the Supreme Court decision would be handed down before the reconvened GM - not because you think that further drilling will be successful - even if it is it won't be until late this year at the earliest - but in the hope that the Supreme Court decision will enable a pump and dump and you can sell the shares you recently bought - genuine investor, nah just a wannabe trader.
Strange day.
Price is where left off before consolidation but not much stock floating around.
Not going to make a difference for a lot of others.
avg much higher.
Thanks chaps.
Yes, I realised about the share consolidation.
I was just surprised that nobody in 'accounting' had adjusted the %'s.
The market cap is still the same so I would've thought it would indicate the same rise/fall, allowing for the change in the number of shares in issue now.
Actually makes a change to see something so misleading here and not be able to pin it on Sandercon, for once.
;)
I know it’s because of the consolidation but seeing blue does make me happy, even if artificial.
Technically correct but has the verisimilitude of thought that a rise has taken place.🤓
Not a normal trading day anyway lets see where she blows tomorrow. Down anymore than 99% then its kaboom.
Achieved some short term market attention if nothing else.
It’s not up 950% it’s actually down 5% do you not understand consolidation, it’s the biggest rip of a company can perform to an ever decreasing SP with billions of confetti shares in issue, if you hold shares here you have been conned today…
I think its going to have to 10 bag for some.
Unchanged on the day, per the rival site, at 0.065p.
They have been very tight on nms.
Up 970% now - well follow the arrows.
Companies full of air often go high - here is an example of one taking off again. Good luck.
Dreams & bubbles etc.
Yep, they've moved the decimal point but everyone has forgotten or doesn't care anymore
Shower of crooks, trying to make a turd look polished
Just due to the consolidation, nothing has changed still dropping…
Will need a tectonic rise.
+850% is actually down 15%