Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As I said yesterday, if that £3.5m that was raised via issuing more shares, ends up adding £50m, £100m, or maybe even £150m to the market cap at some point in the future, it will be completely irrelevant, won't it?
But no, you're not going to be rich this week. Sorry.
Yes, and he is doing everything in his power to increase it... like, you know... drilling oil wells and selling oil.
Not much more he can do at present really, is there?
1.75??
That would please DHC... almost at his magic 1.80!
The open and close prices have all been between 1.10 and 1.15... although today was the highest open we've had since before the placing, so maybe that's a sign it's going to start moving
We haven't really moved out of this 1.10 - 1.15 range since the day of the placing.
Given how many large buys and large sells there have been since then, I think there have been large trades agreed at around this price, and the price is being kept within the range until they have all been worked.
No amount of buying or selling pressure has moved the price up or down... they seem to want it held here for now.
I can only assume those appeal judges have never seen video footage of what the activities they've just allowed to take place actually involve...
I can't understand how any judge could possibly deem it lawful activity if they had!
People will take profits, of course they will... as they do in all shares... but those profit targets will be at many different price levels, and as some people sell as the price goes up, others will be buying...
Yes, some beefy revenue wouldn't go amiss... although oil companies aren't valued just by revenue alone- the value of their reserves play a major part... which is why the CPRs are so important.
and re that new observation point... I don't know how I feel about it... to have it fitted out like that, it must be either some kind of weird vanity project, or they're expecting to have a huge amount of people coming to view the site!
Hopefully the latter, and it's to accommodate all the media when they reveal the true size of the Kimmeridge!
Sends shivers down me spine just thinking about it Good2bhere!
Brrrr!
Oh no... I totally agree. Consolidation is the last thing we want!
I've never once seen a consolidation end well for existing shareholders... the consolidated price never holds. Even with FTSE 100 stocks.
If they could afford it, a share buy back would be good... but I think they have more important things to be spending money on for the foreseeable future!
"As to your final para, as said many times before--a loss is only a loss if you sell at one. At present like many I guess I have a 20% PAPER loss--which can quickly be turned in to PAPER profit under the right circumstances?? It would be good to look at my Portfolio one day and see some GREEN figures!!"
Yes... well said.
My own paper loss percentage is a lot larger than yours, but I'm calm as a Hindu cow... just a matter of time!
"The number of shares in issue given the lowly share price. (Could be resolved easily by consolidating)"
I give up.
oops... should be 25m / 459m and 70m / 6b
stupid maths
And how much value do you think those DOR and SOLO stakes will add to UKOG in the future, once a value has been calculated for HH?
Buying assets now for shares worth 3.5m here or 2m there, if those assets add 50m or 100m or 150m to the MCAP in a few years time, is irrelevant, don't you think?
It irks me to see people claiming to be "Long Term Holders", when in reality, I suspect they just bought in after hearing the hype, fully expecting riches within a couple of weeks, and so now they impatiently whinge about every little thing.
MCAP is how much a company is valued at. It s merely the share price multiplied by the number of shares in issue.
The market values ANGS at £25m, meaning each share is worth about 5.8p (459m / 25m)
The market values UKOg at £70m, meaning each share is worth about 1.15p (6b / 70m)
We have a greater value than ANGS, the share prices only matter in terms of what price you bought in at and what price you sell at.
Brocal... it doesn't sound like you understand the relationship between MCAP and share price.
You also say we're experiencing a slow down in operations... and then proceed to list all the activities that you know are due to start.
Also, you complain that we've not been told precisely when the rig will be arriving. But UKOG have never given a specific date for equipment to arrive (more than likely so as to not advertise it to the protestors).
Once again I must point out that SS has no control over what happens to the share price... that is down to the markets- the brokers, the buyers and the sellers. All he can do is formulate a strategy to increase the value of the company and follow it... which is what he is doing.
If it’s true, so what? If there are no other suitable rigs available, we just wait a bit longer and increase our revenues from the oil being produced currently.
UKOG stated they were aiming to spud the sidetracks in spring... there’s two more months of spring yet, so it might not even be considered a delay.
However they pay for it, they wouldn't be going ahead with it if it wasn't going to be profitable.
That's all you need to be concerned with really
The first one could be a sell I suppose, not the second one though... unless every trade today has been a sell.
Some big buys coming in again though
There's that number again... 1.8p
What is with you and that number??
Why not complain about 10p down to 1.05p?
"As shareholders we do deserve to know why, on nothing but positive news we have seen a persistent decline in the SP"
I don't think that's a question that SS can be expected to answer... it's not down to him what happens on the stock market... that's down to brokers, buyers and sellers.
All he can do is have a business plan to develop the and grow the value of the business and follow it... Which is what he appears to be doing. What happens to the share price is beyond his control.