RE: Aim is a joke15 Jan 2024 11:37
AIM is what it is, do not confuse that with UKOG.
UKOG are run by a CEO and a BoD + Chairman that are there to exploit the market to pay their lifestyle. Yes AIM is a vehicle that allows them some PR to execute their plans, but AIM is not the reason why UKOG is such a dog of a company.
UKOG will delist at somepoint in the near future, I am amazed that they got a placing away, but look at that discount, and can they continue to do that with an ever decreasing capability to create a pump and dump opportunity?
Once Turkey is wound up, which will not be long now. UKOG will be left with HH and Loxley. The hydrogen cavern is nothing more than a joke.
HH is what it is, will PPP really stump up that amount of cash to drill a duster when they could access other opportunities elsewhere that would offer a more robust opportunity for success? DL will almost certainly pull back from the HH3 financing, it was nothing but smoke and mirrors from him.
Loxley will cost a fortune to setup for drill and test, money that UKOG will never raise and I am 99% confident that they will not find a partner to carry the costs.
Where does that leave SS and UKOG? Well it probably means that SS has to find something, anything, to provide that vehicle to get further placings away to fund his lifestyle. The company will not make a profit from operations with what it has and the annual losses are eyewatering. In my opinion, he'll probably try another AME special deal, probably something that costs