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For some reason there always seems to be a selling of stocks at this time each year. Maybe this is due to the Banks having reported. Selling of these stocks always occurs after results. Big shareholders let them rise & then sell. All other shares get affected.

With more than a few billion shares in issue I feel 50p is a hard climb. Would be nice to see it this year though.

Have traded these for a good number of years, mainly as I favour gold for an investment. But hush about the impending gold pour in Ghana soon by Goldstone Resources as some investors may not be loyal to Solgold. However for the wealthy it might be a great time to fill your boots on GRL.

£110m is what has been agreed, however still doing an equity raise. But shares were around £3 only 2 years ago & £10 just 3 years ago. With their bullish prospects I reckon they are worth holding or buying at present.

Yesterday's small-cap spotlight article as follows. .... ' Warpaint London, which sells cosmetics under the brand names W7 and Technic, said it's strong recent trading had continued despite some customers being forced to close retail outlets due to Covid-19. Sales and gross margins both improved in the first three months of 2021 compared with a year ago. It's AIM-traded shares jumped 12p to 120p as Warpaint added that Tesco planned to stock an additional 15 W7 product lines from the end of May, ahead of a substantial Christmas order.'

Serabi Gold has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Price Target Upside/Downside

According to analysts' consensus price target of GBX 150, Serabi Gold has a forecasted upside of 100.3% from its current price of GBX 74.90.

https://www.marketbeat.com/stocks/LON/SRB/

Taking into account their recent news & the broker forecast back in January that I have just found. I say Wow !! £3 - 35 as an upgraded target price then.

12-Jan-21 San Leon (SLE) JP Morgan Cazenove Overweight 315.00 335.00 Reiteration

Besides job cuts and Chief Executive saying profits to be £30m lower in future periods & they say they need to overhaul the business. I do wonder whether the big rise Tuesday was mainly owing to them stating no equity raise was required. They say that at present implying during 2021, but 2022 may be a cash strapped year for them. A waiting game I guess.

Too early for me to post today, where did that 'k' come from ! Obviously a typo error as it should read 650 Million shares .

They may be bright enough to consolidate the shares - say 20 - 1 whilst the share price is low, compared to what it should be with their prospects. So with the result being a nice no. of shares equalling about 650k total voting rights with sp about 5.35p.
Just my reckoning as it makes sp more attractive to institutions & UKOG will have to be quick to announce a consolidation before the price rockets up again.

Agree with previous post about a possible dividend that might well be announced 26th May. Here's why !

As a result of continued positive trading, the Board expects Adjusted Operating Profit for the financial year 2020/21 to be around the top end of the £36 million to £37 million range previously indicated in the Company's trading update of 28 January 2021.

End of year Net Debt was approximately £53 million, which is lower than market expectations(1) by approximately £21 million. This is mainly due to lower capital expenditure during the year, consistent with adjustments made to the timing of capital spend as the Turnaround Plan has evolved. Total aggregate 3-year cash investment for the Turnaround Plan remains unchanged.

Due to the positive outcome of the financial year, the Company has repaid all the money received from HM Government's Coronavirus Job Retention Scheme. Furlough payments received under this scheme totalled approximately £0.4m.

Stephen Sanderson, UKOG's Executive Chairman, who has approaching 38 years of relevant experience in the oil industry is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.

So some placement facts are that 15th June 2018 an oversubscribed £5.5m funding @ .9p adding .6bn shares.
2nd July 2018 Institutional Placing .25bn shares @ 2p (yes 1/5 of 10p) & also another 2p placing shortly afterwards.
March 2019 1/3 bn shares @ 1.05p, & then the total no. of shares in issue was 6.05 bn.
Dec. 2019 a placing @ .85p for 1/4 bn shares & so then there were 7 bn shares.
April 2020 .637bn shares @ .2p brought the total voting rights to 8.486bn.
When there was some uncertainty with covid-19 also around, Horse Hill project that had successfully produced oil was challenged in court & UKOG had victory 22nd Dec. 2020. Production to continue & the equipment purchase went ahead by payment & the issue of shares. Although there are currently 12,995 billion shares in issue now UKOG sure has extremely exciting projects ahead 2021.

Some placement facts are that 15th June 2018 an oversubscribed £5.5m funding @ .9p adding .6bn shares.
2nd July 2018 Institutional Placing .25bn shares @ 2p (yes 1/5 of 10p) & also another 2p placing shortly afterwards.
March 2019 1/3 bn shares @ 1.05p, & then the total no. of shares in issue was 6.05 bn.
Dec. 2019 a placing @ .85p for 1/4 bn shares & so then there were 7 bn shares.
When there was some uncertainty with covid-19 also around, Horse Hill project that had successfully produced oil was challenged in court & UKOG had victory 22nd Dec. 2020. Production to continue & the equipment purchase went ahead by payment & the issue of shares. Although there are currently 12,995 billion shares in issue now UKOG sure has extremely exciting projects ahead 2021.
Stephen Sanderson, UKOG's Executive Chairman, who has approaching 38 years of relevant experience in the oil industry, has approved the information contained in this announcement. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.

“It is now evident that, in the success case, the Basur-Resan appraisal
project has the potential to surpass the recoverable oil and gas volumes
currently assigned by Xodus to our material UK Arreton and Loxley
appraisal projects. It also has the advantage of lower drilling and
operating costs and, facilitated by Turkish petroleum law, the possibility
to rapidly monetise the success case within a year. For these reasons
success could be transformational for the Company.”

News re Turkey should ensure continuous movement towards 1p methinks. Today's news was long awaited since they posted about their 50% interest in the Basur-3 well, & drilling consent granted. So exciting times ahead.

Pfizer vaccines are delayed as in short supply. This means that the 2nd doses will get the knock on effect. Some will struggle for 2nd dozes of Pfizer within the recommended 12 week slot. More tests will have to be carried out due to this. I personally reckon that France & some other European countries are taking the Pfizer vaccines from our requested order. They rejected Oxford Astra & are unlikely to wait for Moderna. Wales is getting Moderna vaccine though. So this will make testing much more important now. Excellent for Braveheart & some other companies.

Looks to me it was several large purchases. So onwards & upwards.

Two brokers gave target prices of 39p & 46p recently, having absorbed their trading update. The graph does look a great one & tells me to buy for recovery, especially considering the tons of gold mined during the last year.

Pay day not far away & I want some more BRH. It will be typical if they recover to 80p + to buy pre me being able to. Don't buy them back Trevor pre 5th April. Lol.

Their previous post 30th March suggests total gold mined to be 142 tons. I also like the broker target price of 46p.
30-Mar-21 Hummingbird (HUM) Canaccord Genuity Buy 46.00 46.00 Reiteration