I don't think the share bashers here are necessarily XR, the odd one maybe, but the majority are those that can now see UKOG for what it is, and like me, feel extremely frustrated with the company and Sanderson.
So much news to come; I've increased my holding here. Missed out on opportunities like GGP but not going to miss out on this one. Even a small investment here could deliver very healthy returns.
Sorry but if Sanderson thinks his already hard done to shareholders are going to stump up more case then surely he's mistaken; please don't tell me anybody is stupid enough to take up the open offer? You'll be able to buy the shares on the open market cheaper .
I think the this is the end for UKOG and the legend of the Gatwick Gusher shall be just that, a mythical legend seen by no-one.
Musicman_99 my thoughts exactly, a few % each day soon adds up. Too many times I 've watched s hare re-rate and missed the opportunity so it's a good feeling to be in here early . A quick comparison to ZNWD's peers is all you need to look at to see the potential here.
Feels a bit like picking the fat bird for last dance in a night club (back in the day). Not really want you wanted but it’s better than nothing and might actually go really well.
Shareholders can’t say they weren’t warned! UKOG is a lifestyle company with insufficient income to keep SS in red trousers never mind keeping the lights on.
After the pull back yesterday the SP movement today is a real confidence booster. Still a long way to go and hugely undervalued so expecting many more days on the top risers leader board over the coming weeks.
Because the stock exchange doesn’t show buys or sells just trades. This website uses an algorithm to try and work out if a trade was a buy or sell based on the price at the time. It’s not 100% accurate!
Whilst that’s a possibility it’s clear from the RNS that the company are rationalising assets to conserve cash for the more prospective assets. A fund raise isn’t bad if it is key to realising the full potential of the lithium asset (or zinc as well); what isn’t good is a company raising cash to keep the lights on for a worthless asset - which is definitely not the case here.
but if it unlocks the full value then it’s accretive and makes sense.