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Announced that nearly £900,000 being given to Scarborough by government to support residents into apprenticeships and jobs in the construction industry. Coincidence?

Our market cap has dropped about a third from circa £1.8bn to £1.2bn since the initial dubiously well informed sell off started. Assuming the worst case scenario that the market fears (relatively speaking), that $600m equity will need to be raised, this is now surely all priced in at this level.

Surely this is the new base put in now (give or take a penny or two), and any further de-risking news/ less than worse case dilution will see a rise from here.

Or maybe they just haven't reported any change yet.

the UKOG board here. Sad to see.

Hairyfish's post yesterday at 17:58. Puts a succinct view from the lenders side of things that not many posters are considering.

Followed by a share buyback scheme at a later date when the mine is pumping out a decent tonnage?

For disclosure sake, I've held since early 2016 and am holding for the divis.

Not necessarily saying they want to convert the bonds immediately, but knowing the call option and stage 2 is approaching, they might want to reduce their hedging slightly?

The last time we had a spike in short positions, there was a big(ish) drop in share price, followed by a number of short positions being closed (ok, it did coincide with the bond repurchase offer). This was followed by a rise in share price to higher levels as the shorts were closed.
Recently, there has been another spike up in short positions. Are the same institutions driving the price down to close them before another step up? Or am I just being cynical?
After all, the mine development seems to be going very well, but with enough uncertainty over funding to spook the PI.
Just a thought (and maybe a load of tosh, feel free to shoot me down in flames).

Every other entitlement offer I've been involved in has been for 1:20 or 1:25 of your holding. All of them just either just raised the amount hoped, or fell just short (inc excess entitlements). This offer was for 1:6 of holdings, far more generous for the PI, in the end the offer raised at an equivalent of 1:9.5. This to me shows a good deal of support for the company, and better as a percentage of holdings than the other share offers I've participated in.

It's dividend payment day. Most of those trade are more than likely due to DRIPs.

I can't really see how this piece could have affected the share price in any way to be honest. Anyone involved in the decision making process has all of the pertinant information to hand and will ignore this sort of crass journalism. In my personal view (IMHO etc etc) it's purely down to the nagging uncertainty of the permits and when/if they are going to be issued by a government that has less clout than it did previously. This is one risk too many for some, but when (if) it's cleared up I'm sure there will be a large number of people buying.

As far as I understand from the RNS timeline, our brokers will be credited with the entitlements tomorrow. They will then have to accredit them to the relevant accounts that hold TLOU shares, so different brokers will have different timelines to get this done.

So according to that article, that values them at approx �74,000,000......

If Monday was a total over-reaction, then this is more so. Just wish I had funds to take advantage.

Can only see the following from the CEO in the RNS for the targets; "I look forward to providing further updates on forecast 2018 production and expansion and exploration objectives in the coming weeks." Given the Q4 production, plus the extra resources coming on line, plus new crusher, it must be at least a 100,000 GEO target. That would give a cash generation the same as the current MCAP.

That does assume either the company or other investor wants to buy your share however, otherwise you are stuck with them.

You get to keep a share of the Ltd company based on your original share of OXP. You can sell your share of the company, it's just a bit more complicated and relies on either the company or another shareholder wanting to buy then directly from you at an agreed price. There are plenty of guides online on how to go about this.

To add to the previous post, this is an unusual one. Normally in a corporate action, such as dividend payments, the ex-date comes before the Record date to allow transactions to complete. On this occasion it's the other way round, which I found pretty confusing. You'd normally expect to be able to partake/benefit from a corporate action if you hold on the ex-date. I had a little search around and found this on Barclays... 'In order to determine if you are entitled to participate in a Corporate Action, you must hold the stock with us on Ex date. If you place a purchase after record date but before ex date and this trade is unsettled in the market over the day in which Record date falls, this means that the new outcome (stock or cash) will be delivered to the pre existing broker but the Corporate Actions team will claim the outcome on your behalf.' From this it would suggest you're ok for for the open offer if you bought today (ex-date is 8am on the 2nd Oct), it's just going to be more work for your broker. However, I would check with your individual broker that this is definitely the case.

If you're trading what is in your ISA already and not adding any extra funds, then this should be fine.