Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Google Live prices quotes the sp at over 12% up FTSE UP over 200 points, but I cannot in all honesty see a sustain rise anywhere until we see an end in sight to the virus PLUS an agreement on the oil situation because ATM there is no real reason for a rise, only for short term gains!
To emphasis my point in my last post about taking advantage of a more healthy Stock MKT--today we see UKOG with a stealla RNS and their SP up over 26% atm--oh for that in a healthy market---and their sp is still only .4p!!
Frustrating as this non action is---I would far rather we had it all done properly and with all Govt authorities involved giving the green light. Also---with the stock market crash and the oil debacle I would prefer any good news to come more slowly to take advantage of a more healthy market!!
Cannot see it on LSE Bronzy--but then again LSE do not seem to give any Trades info after 3pm these days?? ha Ha Good Luck anyway--we all need it, silly selling at these prices and maybe at a loss as I cannot see any sensible LTH selling---so so much good news to come---we need a ESL rise!! --when OUR lorries start rolling again!!
This is a natural occurance once in a while and world markets will always react badly to a bad world situation, BUT there is no need for people to panic sell WHY ??? Unless you do not want your money why would anyone want to sell on a knee jerk reaction--at a loss--strange UK Peeps Sell on a dip buy on a rise!! I treat it as a good opportunity to BUY--people flock to the stores on a Boxing Day for a bargain?? Why not now on a Bargain share price?? All will come good believe me in time---ALWAYS remember you have NO losses until you decide to SELL at a loss
Most on here and other chat sites have little or no knowledge of the Oil & Gas industry---includes me---and many are getting impatient that things could be going wrong, will never produce blah blah, but I have been privy to just a few of the hoops/regulations that have to be satisfied before anything can happen and many of those regulations require certain works to be done, inspected and satisfied before the EA/HSE can give the go ahead. Does not mean anything is wrong or alarm bells should ring--just that these things have to be done RIGHT- and it does take time--for those who invested here thinking this would be an overnight profit making investment are completely wrong. When I was in the financial industry we always recommended a 5 year time span for an investment---hopefully we will beat that so for me alls well!!
PERMANENT is STOP not to go again, TEMPORARY is a halt to things for a while and 6 months is a while SO TEMPORARY---no other way of looking at it. 6 months is TEMPORARY in the long term of years!! Would you rather a 6 month halt so they can plan, get things right, have the correct regulations in place , the right equipment---a lot to do in 6 months---or a rush job and several stops in the future because they could not be bothered to get things right to start with?? I know which side I am on, and I guess most other sensible investors.