Member Info for Crocqman

Extracts taken from his posts from Thursday promising 'proof' of the so-called damning evidence he keeps posting on here, along with his only Friday post on this board (without said proof).

Thursday
28 Nov 2019 16:34 The answer lies in the Rathlin auditors report of commercial viability of oil extraction at Newton B site".
28 Nov 2019 16:51 As a matter of interest i have been absolutely correct since last August.
28 Nov 2019 18:51 Admin will not suspend me because i have online addressed this board with fact.
28 Nov 2019 18:54 I am not going anywhere. Its about time this board was cleaned up.
28 Nov 2019 19:12 Tomorrow i am going back through Rathlin Rns's and then give genuine investors details of time and date of release. I am damned if i am backing down.
28 Nov 2019 19:22 I will dig out the Rns tomorrow as promised.

Friday
29 Nov 2019 17:38 For the haters. I haven't been suspended.

Nothing more since. Still awaiting the proof of his factual posting about commercial viability seeing as he only provides fact and will not back down on his factual stance re: UJO
gla

Eagerly awaiting your promised proof re: Rathlin RNS, Woody.
Show us the evidence to back up what you have posted on here on numerous occasions (which no one else has managed to find).
You made it clear you would show everyone today, so, over to you.

Judging by the names from that list, not many surviving posters from 3 years ago.
So, from the records of 2 previous predictions, almost 3 years apart, it seems most posters still err on the side of optimism.
Looking forward to moving up and out of this current trading range. We're due a decent rise on the first flow test results.
gla

Just a small point, perhaps reading too much into things.
I note that previous fund raises (certainly the last 3), DB has made mention of shareholders in the RNS, thanking them for their support, etc in his comment piece.
No mention of shareholders in this latest one. Maybe the board recognise this exercise has been a shambles and are aware that existing shareholders are not happy. Small point and maybe nothing, but seems a subtle change in how this RNS has been presented compared to others.
gla

Sawton,
Actually it is very difficult, for many reasons.
I have posted several times in detail on this, but the crux of the matter is that there is NO requirement for any trade to be reported to the market as a buy or a sell (this is a European directive), so all of the different platforms can only report a trade direction on a best efforts basis from the limited detail that is required to be released to the market at point of execution.
This issue is not limited to AIM, it is every traded exchange in the UK and Europe that is bound by the regulations.

Thanks Rudey, hadn't seen that info.
It's just a shame that it was only 7 trading days ago I posted that I hoped any bids would be at the higher of a 0.18-0.20 range.
Good that they are giving themselves the option to get the best price possible for how ever much they want to raise.
Only hope it is announced sooner rather than later to draw a line under this particular bone of contention.
gla

Rudey,
We do not know anything about the terms of the potential placing (so far as I am aware), so we do not know if bids have been invited, or if it will be a fixed price offer, and what any discount may be.
If they are inviting bids, I would expect it will be within a small range (e.g. 0.15-0.18 based on current pricing) in order to get the best price possible for how much they want, and not an invitation for low-ball offers.
They will want sticky hands to take the shares too, which based on the last couple of weeks is crucial (imo) to help steady the SP with the poor communication and lack of recent activity.
I would have hoped this was all sorted by Friday last week, dragging on into this week will not help sentiment at all.

CS,
If they are requesting bids, they may look to take, say 5m at a higher price (e.g. 0.18), but only 3.5m at 0.15 in order to maintain some control over how many shares are issued based on demand. Fairly common, I believe.

gla

Rodster,
I take your comment fully on board and respect your view.
Just responding to a poster who is selective with their posting comments in order to 'boost' their credibility.
I will keep my own counsel and stick to relevant info about the shares I post on.
By the way, I do not day trade, and never have.
Good weekend all.

Yes, Tymers, your opinion is your opinion, and you will clearly stick to it whilst belittling other posters' views with your superiority. Lets be clear (again). You DID NOT call it, you underestimated the drop and the bottom here, despite your 'solid' research
I believe that you mean that my comments are irrelevant to you. Others seem so view your comments similarly to myself.
I am more than happy with my investment decisions and do not need anyone to validate me, unlike you, it seems.
I feel it is you that needs to show other posters some respect, you seem pretty arrogant (imo).
I am happy with my own research and do not feel the need to flaunt my good calls whilst blatantly ignoring my bad ones, as the majority do on here.
Each to their own.
gla

How can I be incorrect 'again', Tymers, when I have only posted once about your predictive skills?
Added to that, I even stated in my post that you claimed 8p on UKOG by 29/12, rather than 31/12 (even though 29/12 is a Sunday as I clearly stated too).
Perhaps you should read and digest a post fully before trying so hard to justify your own position?
Bottom line (if we are being pedantic), UJO fell to 0.15, so you didn't even predict the bottom here, just a random price, so not really a great digestion of data tbh.
Still, good luck with your future calls and your clear trading strategy. Hope it works for you.
gla

Tymers,
I note that you post every day on here saying you predicted 0.17 following the recent drop, whilst hinting at how great your research and knowledge is to make you right in this.

Let's put your self-trumpeted skills into context.
You predicted 8p on UKOG for 31/10, and were only out by a factor of more than 7 (it was 1.075).
You have since stuck with 8p on UKOG for 31/12 and it is currently even lower at 1p. I believe you have even stated this target will be reached prior to year end on 29/12 to showcase your exceptional predictive skills, even though this date is actually a Sunday.
Granted, that may well change, but bragging about being right and staying inexplicably silent about massive over-estimations does not make an expert worth listening to (imo).
Time will tell where both are in the next few months, but I, for one, won't base my investment decisions on your extremely selective expertise, but on news releases and the relative fundamentals.
Good luck with your investments though and gla

With the welcome rise so far today, wondering if actual placing docs have now landed at the brokers and price has been set.
Could just be a coincidence, of course, but hopeful this could mean news coming later today (and about time it would be too).
gla

Regardless of how we end up raising any cash here, and regardless of the assets and what we all think/know is 'down there', this past week or so will have done a lot of damage to the company, sentiment and trust for many here.
A lot of the goodwill LTH's had towards DB and the company will have been lost through the debacle of silence and confusion which I fear will take a considerable time to repair.
Not a deramp, just frustration.
It will take much longer (imo) for the SP to recover back to the levels that have seen to have been lost in such a short space of time.
If no update on the situation is released prior to the weekend, whether that be a 'holding' statement as suggested by one poster earleir, or a fund-raise announcement along with any additional price sensitive updates, I can see an even bigger sell off happening next week.
Sad to see, but hanging in for now.
gla

Confirmed flow rates, presumably

Oiler,
Every investor has the option to buy, sell or hold.
Choose what best fits you given your own research, sentiment and investment strategy

I would have hoped for an RNS buy 12pm to confirm the price.
It is possible, that the indication price mooted was higher than the current SP and the targeted investors may be pushing back for a better deal.
Starting to look a bit of a mess.
One thing for certain, this is NOT being forward sold.
gla

BWM,
Agree. We do not know when the sounding started, or the deadline for interest.
I would hope for a 7am RNS to confirm the price and amount for an orderly market, but it is also possible the deadline may not be until (for example) 11am on Monday, so a 12pm RNS could be possible to confirm.
I don't see the possibility of a trading suspension on the basis that no placing price has been mentioned.
We will see soon enough.
gla

I know many will disagree and talk about market abuse, mates rates, etc (and maybe rightly), but I see the fact that AIM is not seen as a level playing field as part and parcel of the risk when investing in AIM. This shouldn't be the case, of course.
Not suggesting it is right, in anyway, just that it is something I accept and invest accordingly.
There is strict regulation around market soundings, and (again, imo) this is not abused as widely as many would like to make out, and I am particularly referring to within the Finance industry itself (brokers, buy/sell firms, II's, etc) in this regard.

It is in the company's interests to attract investors in a placing that intend to be here for the long term. Not always the case though. I posted yesterday, that I believe this will have been offered at a price range and potential investors will have been invited to 'bid'. I would hope that the announced price will be at the higher end of an 0.18-0.20 range, i.e. a small discount to Friday's ask.

imo, a 'sounding' means that the company (via a broker) is currently in discussions with various entities (e.g. II's, any TR1 holders, asset managers) to gauge appetite for investment for a cash injection at a fixed price (or price range) at a certain point in the future (usually a short timescale).
The IDEA (don't shoot me down) is that anyone approached is 'blocked' from trading until any price sensitive info given to them as part of these discussions is released to the market (as part of market abuse regulations). This aspect is clearly a sore subject for many though, so expect plenty of responses on this.
As the announcement seems to have been forced to be made after hours on Friday due to 'leaked' info, I would expect an RNS at 7am to announce any result of the placing, and advise the amount raised and at what price.
Any new shares likely to be in play by the end of next week which I am sure will raise further comments about forward selling.
The company should be keen that any new shares stay in sticky hands and the broker will most likely be speaking to folk who have participated in fund raising previously together with potential new II's.
Next week will be interesting, for sure.
All imo, of course, Other may/will view this differently.
gla

As the RNS states that they are looking to raise 'up to £5m', I am hoping that interested parties are being asked to make a bid within a certain price range (e.g. 0.18 - 0.20) and the company can then take these bids to realise the best possible price for the amount they wish to utilise.
Placings are often presented in this way if interest is expected to be high, and potential investors choose to make a bid for different number of shares at different price limits to suit them, while the broker will tend to favour those investors that have participated in previous raises who are known to hold their shares and support the company (that is the idea, anyway).
Given that the previous fund raise was a positive for the company, I am hopeful that this raise could be made at a relatively small discount, however this may depend on just how much supporting info potential places are privy to.
As others have said, Monday, or when the placing results are announced, together with any additional market sensitive news will be interesting.
I think the after hours announcement on Friday was poor, but perhaps forced and most likely the intention may have been to announce the successful fund raise next week once the placing had been filled.
Hopefully this will not impact the SP too greatly.
gla