About 5 to 6 Airbus 737's in total would have been required to transport to Saudi Arabia if my arithmetic is correct.
I think people are beginning to realise that off a bargain basement price any rises in the UKOG share price are good for all Weald players.
It also serves to reinforce the value of those Balcombe tickets that you have for it slugged far higher than Horse Hill and had to be choked back as the apparatus could not cope.
Then you have the gas reconnection on top.
You should just about be hitting the first batch of the previous "shares for percentage stake" sellers if that was what they were after. Handy to dyor and know what others exist right up to the Doriemus ones at 1.61p.
I'm now totally out and have popped what was left into ANGs and SXX.
It's just a principle of mine around Convertible loan notes - of which you have a massive conversion also still to come.
Good luck all and I wish all do well from your investments here.
I may return post convertible loan notes.
I was thinking the same regarding the training up of those additional staff.
Best case scenario would be if the sealed contract gets delivered alongside news of the full switchover of the Old Tema port to the new one. That would lead to some sustained rocket propulsion behind the share price.
Foot in the door here with APM / Maersk bodes well for other countries. I see Nigeria mentioned.
There was a previous article showing one of the Top 5 shipping companies worldwide had made it their home hub. This article then focussed on Maersk. The first commercial ship also was a Maersk vessel.
You wouldn't be showing dignatories around things if things weren't sorted. Makes me even more confident this is going to happen soon.
Seal the contract and it could be just the big door opener that transforms WSG. Ports seems to be a good "in" for WSG at the moment.
Good Luck with the ensuing scrum. Auction, Negotiated Trade, Route to Dealer or Fill or Kill. Far easier to simply pick them up sub nominal.
Is when things start to stabilise price wise and that's the time to be picking up your chunks.
Bond meetings reconvened you won't get to buy for 9.5p or thereabouts.
Success should it see it readily back above 15p and in the 15p to 20p range.
Fairly good chance of 60% to 100% gains for a little patience.
Too much blood, sweat and tears thus far for it not to proceed and in the menatime you always have the prospect of a white knight assisting somewhat.
This articles hints things are running smoothly again and foot in the door time if people are looking around the full processes and see Westminster Group as managing things.
Looks like a new commercial port, El Hamdania near Algiers could be requiring a similar set up in the not too distant. (2nd language after Arabic is French) and it's as good as stating that TEMA is the Home hub port for Maersk.
There may have been some extra shorting on the morning of the announcement but to be fair the market makers had already gapped it down a fair bit.
i think it would be as fair an assumption that there will have been plenty buyers at sub 10p and sub 9p.
In any case day 3 today so things stabilising and people spying that fact and some pocketing low hanging fruit for September.
Tema is not a 5% trade mate. It's a x 5 (plus) the present share price.
It might have been in the past for some. It's not now.
10, 15, 20 years of recurring revenue on 1M rising to 3.7M TEU is in a completely different league.
Furthermore it is the other doors that it will open.
GL though if that is all you are after.
Hopefully some pointers and nuggets at the Interim Results in a weeks time.
The Outlook statement will be the part to be looking at and hopefully a TEMA steer and hopefully accompanied by another interview (funded this time)
A top up starting with an 8p in the morning would be nice.
There will be a revisit to getting the bond deal sealed in September when fears of escalating US / China trade war fears will have receded. It is Trumo that has knocked bonds on metals and mining stocks.
Far better to get the best possible deal than be held over a barrel for mid teens coupon rates and attaching warrants.
Fraser got things home with Fortescue mining and will do the same again.
Incidentally I see Berenberg today issued a broker not saying hold and with a target price of 17p.
That I will be happy with in the interim.
3rd day when things have calmed down is normally about the time to be looking for a decent chunk.
Happy to be stocking up in stages.
Got up this morning and viewed the UKOG RNS and I have to say I really don't like it one bit. The share price is already about half of where it should be due to a discount placing and 2 "shares for percentage stake purchases" and those associated shares are still there to be sold. No recovery in the share price in between and then along comes another shares and cash purchase of a very large nature indeed, accompanied by the killer for me - a convertible loan. Not drawn on yet but it will be.
Anyway happy for some cheap as chip Balcombe tickets at 1.2p.
Thereafter I can be patient. Planning application should be in by the end of the month and given that they have had it previously it might be have a somewhat streamlined timeframe.
Balcombe tickets for 1.2p