RE: Love it love it love it...21 May 2026 11:37
Problem with waiting for an opportunity to average down further with UKOG is it only works in a mainly rising market and it relies on selling to someone less naive to buy.
And, without substantial demand you can't get out on any pumped rise of the SP.
As I demonstrated and repeatedly posted, like Trollplumper's "buying the dips/averaging" hasn't and doesn't work with a company like UKOG where the S.P is continually in freefall;
Trollplumper maths:
3x Buys....
£10k at £0.10p = 100000 shares
£10k at £0.05p = 200000 shares
£10k at £0.01p = 1,000,000 shares
=1,300,0000 shares for £30k
Or 130,0000 post 1:10 consolidation.
Price now £0.00009p x 130,000 shares
= £11.70p
Even if the SP jumped to an impossible £0.01p that's only £1300! A very long way from Trollplumper's £30k, even worse as he claims he was buying the dips all the way down.
That's what you get for sticking with UKOG and believing their rhetoric whilst the SP tells you otherwise!