Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Just out of curiosity rich3648, could I ask when you first invested in UKOG?
I don't recall your username from the BB days, so I assume it's more recently than that?
And you used to be so positive...
If you feel UKOG hasn’t made you rich quickly enough, I’d say that’s your problem, not theirs.
It takes time to go from oil speculator to oil producer, and the markets don’t care about a bunch of tankers, they care about CPRs and reserves.
I've been reading rubbish posted by derampers here for almost 5 years.
It used to annoy me, but I actually find it amusing now... I like seeing how they have had to evolve their criticisms over time,
First it was "UKOG is a dog... there's not enough oil in the weald to fill a teacup"
Then it was "UKOG is a dog... they'll never get planning permission, or be able to transport any oil"
Nowadays it's "well, UKOG is a dog... they're only getting 220 bopd"
I assume a few years from now the chorus will be "UKOG is a dog... BP produces more than they do!"
You have to admire the fact that after all this time the derampers still keep at it.
Pity them too.
No, you are wrong.
They are fully funded for all works scheduled in 2019.
They have made this clear time and again, both in official news releases and in interviews with SS.
Future work (i.e. next year and beyond) will almost certainly need additional funding, but I was responding to someone who was suggesting that a placing would be happening shortly and that was why the price was being brought down.
Whether that future work will be funded by issuing more shares, revenue from the additional wells at HH, commercial financing or something else, who can say? But it's bogus to try and suggest they will need a placing at the moment.
So in your opinion UKOG will be doing a placing at a 36% discount to the current share price, when they've already stated many times they are fully funded for this year.
I think you're a very silly billy.
Does it really?
Funny how everything seems to feel like the precursor to a placing to some people.
Including official word that all works for this year are fully funded, apparently....
Just time...
Only about 500 times
It’s a correction from yesterday
The Tories are the ones who allowed shorting to take place.
While they're in power you can sign all the petitions you like, they're not going to end it... their chums in the hedge funds (Teresa Dismay's husband for example) are making far too much money to give a toss about the opinion of the small investor.
I'm no charting expert, but it seems to me for the last several days the 50 day Moving Average appears to have been acting as support. The price closed below it for the first time yesterday, and it looks like it might be doing so again today.
A decending wedge is currently being formed, with 1.30 seeming to be a rock solid level of support. If the MMs take the price below that, in my opinion, we're on our way down to the 1.10-1.15 range and (for once) I have funds ready and waiting to top up! The price needs to close above 1.40 to start to break out of the current decending wedge.
Anyone agree?
Try reading the RNSs then... totally crap argument free, and full of official information, not speculation, which is all any posters here would be able to provide you with.
It's a ridiculous question anyway.... news will be announced when there is news to be announced, not to any predefined calendar schedule.
Yes, that's how all the sites are constructed. It's standard.
What goes around comes around Penguins.... I seem to recall more than a little jocularity and schadenfreude over on the ANGS board when UKOG were having problems at Broadford Bridge.....
So they will instantaneously pump 10 million barrels out of the ground to achieve that valuation will they?
They’re hoping for 3500 a day.... might take a while...
The valuation of the oil in the ground will however be instantaneous (when a CPR is realeased anyway) and therefore will add far greater value to UKOG than whatever oil they are selling to market.
The valuation of oil in the ground would be vastly larger than the value of what they can physically sell to market. Obviously.
I think BigDaddyIan would have been slightly more optimistic than expecting 12p in a decade's time!
Oooh... Do you mind if I ask what IG and DEGIRO are like as brokers? Do they execute trades quickly? What are they like for prices/spreads? I know DEGIRO have low trade fees, but do they get you in other ways?
Investing.com don't show the trades, unfortunately... You should have live prices though. On mine the last update (when a trade went through) was at 10:08.37