RE: UKOG!!17 Sep 2020 17:29
Yazo, the macro and the story are fine however the risks to get there are high. I am sitting OK having adjusted my %pf exposure to a figure I can live with losing and have some margin between where we are and SP avg before making a loss. This was not always the case. I would urge extreme caution in any investment in regards to overextending capital at risk .
The number of people who have bought in here on infrequent spikes who's research seems to amount to very little (if any) and a hopeful (at best) view of how MMs might perhaps manipulate the sp in their favour to gift them a return is endlessly eye opening.
My continues history with this share has been an amazing lesson and I can only assure posters that I have been a shareholder since first buying in in at 0.1499p in Oct 2018. The only variables changed in that time have been number of shares, sp average, capital at risk and assessment of risk level in the share.
My point is simply and without sarcasm: read all the RNS's and assess each statement on its own merit re: risk, do not confuse an MOU with a binding contract, recognise a temporary shift in sentiment. Critique and take a challenging view on each and every one of one's own assumptions.
GLA