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0.15 to sell? That must really sting for some. Apart from Tymers of course who has learnt the secret of making money on a sinking share without shorting. Fair value now 0.03-0.05. Where have all the hardmen rampers gone btw?
Was going to reply but Skwiz beat me to it and sums it up perfectly. This share will remain tradeable for several reasons whilst SS can keep spinning out the jam tomorrow RNSs and there is a steady supply of investors willing to buy the dream. This board shines a small light on current thinking and that’s why im here. My position still as it has been since Mid 2017. Ukog way overvalued, but tradeable on spikes. That won’t change until one obvious thing happens. Ss puts his hand in his own pocket and purchases some shares. This is *the* key red flag. Also, expect a consolidation soon to keep the dream alive.
Good to see the rampers are polishing off their arguments. Hopefully will attract a raft of new punters, or encourage more averaging down which sets up a trade or two before another placing around Autumn but definitely before Xmas given the rate of cash burn. Strange i find myself agreeing with hardman Stinky on the timing of the placing, ie Autumn - let’s forget about yesterday’s placing for now :)
After the next inevitable placing to keep the lights on, 11+ billion shares in issue, fair value of 0.1p will approach.
Got to be in like Flint to make anything on those trades. Don’t be like Tymers, PCS and Stinky holdIng the baby. 25 years I tell you, 25 years!
Anyone that consistently forecast SP movement for 6 months is credible. Anyone pointing out the numerous obvious flaws in UKOG is credible. It is those that have held out of blind faith despite overwhelming evidence to the contrary that lack credibility.
BWM and Oilman speaking sense so late on a Saturday night. Rational arguments unencumbered by booze or short fuses. Take note PCScotch and Stinky. Although I’m sure Stinky has 100000 reasons to disagree, I’m afraid the SP is heading in one direction whilst we have the overhang. The sensible trade is sell. Even for long term holders, as they can still buy the dream when the extra millions of shares have depressed the price even further.
Andy/CFRP - this board is a traders paradise. It’s gives a good indication of how many mug punters are still around and willing to buy the dream. There will be many more spikes and dips to come before ultimate failure imo, so if it’s ok with you, I’ll hang around.
The only injunction I have Sting is from my broker. Says stop making money out of your poor Ukog saps. As long as there’s fools averaging down, I’ll stick around I think. Still life in this turd yet thanks to you and Tymers. I do miss winding up PCScotch though. Give my regards to the jibbering wreck :)
I’m never confused Wizard. The other day, it was ‘thought’ that Ukog had several million in the bank according to some diehards. After yesterday’s RNS it’s clear they are running on fumes. Don’t be afraid to change your mind, especially when it comes to investing.