Member Info for DrAmbition

This is such a stupid post. The investment is pretty much completely guaranteed.

What a dirty crook. I'm disgusted.

This will bounce around a lot over the next few weeks but on an upward trajectory IMO. I see this getting to about 1.8p before firm news of a bid comes out. Then we'll really begin to see some fireworks!

Going to be a lot of burnt sellers after tonight regretting their short sightedness IMO

They really are working on overdrive today! Amazing how much nonsense they come out with. Bit of myth busting: - no placing coming confirmed by Colin - no risk of running out of cash costs have been removed - no risk of asset disappearing, tactic is to farm out or sell and get shareholder value

Teacup you evidently know little about this share and have an agenda to drive things down. The share price has little impact on the success of the company at present other than to get fair value for shareholders for the imminent buyout. What matters is getting the permit and then finalising the buy out. Fair well with the permit is anything North of 3p. To develop would require funding but Colin has stated the company will be selling instead as shareholders have voted against dilution. It is inevitable there will be drivel on here when so many jump on based on a big rise but it is easy for anyone with half a brain to see through it.

Paul - no it doesn't, but it doesn't need to as it's going to farm out or sell the company for a premium so your post is a poor attempt at deramping!

I bought in a while ago at 1.1p thinking there was a 3p likely buyout coming. Watched it fall gradually to 0.77p until until collapse earlier on in the week. Got so low I figured not much point in selling and figured a buyer would come in now at around 1.2p a share without the permits. With the RNS this morning I felt very tempted to add to my 600k share holding but when you've lost a lot already you're very weary so I didn't! Pleased to see the rise. With the permit I now expect this to be back towards a more realistic buyout of 4-6p bracket, but the SP needs to hit at least 1.5p for this to be reasonable. Hoping the day traders get out and done and those looking for a bigger sell in a few weeks come in. All IMO.

You'd be surprised who sells what. Unfortunately too many go chasing an instant day return and only end up costing themselves a lot of money in the process. Those in the know on this share are aware of the huge uplift.

This is profit making an the CEO has reduced costs to enjoy it can keep going without any fundraising. Assets worth hundreds of millions with much of the infrastructure already in place. The current valuation is crazy low. A deal for a buy out will be done in the next few weeks.

Costs have been reduced which gives some breathing space. Bit concerned by the production drops which don't seem to be happening for any real reason. I suspect someone may come in and snap this up cheaper now. Colin's hand has been weakened by the challenge. The other positive is that we know Colin is sticking to the resolution of no further dilution.

Personally I have no concerns about a future placing, but don't think it'll come at this point. Given the fact the CEO has stated how undervalued he feels this is and that is a major shareholder himself I don't think he wants to see any dilution at such a low price. I expect a rise when the August news comes out about the funding partnership and then a small placing relatively soon after to cover on-going costs. I expect when the funding news comes out for this to rise to about 3p - about a £40M market cap. Raising about £1M via placing will mean a relatively small dilution at that stage. For me there's nothing to fear about a placing in the future when there is so much upside in this share. When you look at the current market cap of £9M and look at the value of the asset it truly is staggering. When I think what the market cap of UKOG is when their bopd is so much lower it's incredible.

The level of bopd is staggering when you look at other AIM companies riding so high on very little bopd in comparison. I realise there are questions here on the funding and potential need for dilution, but if those things lead to getting production going then it's a very attractive prospect.

Added £5k more at the basement prices seen this morning. No brainer for me.

We're receiving more in cash than the current market cap of the company - by quite some margin! From what I can see there's only positive sentiment on the board which is good. I personally don't see a downside and don't really understand the selling going on here.

Why?! Crazy stuff. Can't understand those selling at this point.

3.7p by end of July and 5p by end of August for me.

Pretty stupid day trading attempt. Such a short term view as well expecting instant returns. Some have no clue.

Surely a price is what people are willing to pay, and given the Chinese are willing to pay 3.5p for 54% you'd expect the rest of the market to follow suit given it's over half? I find anyone selling at these levels to be frankly absurd.

Most ridiculous and stupid post I've seen in a long time. Placing when they've just engaged a new investor for 51% of shares at 3.5p a share? Moronic trolling taken to another level.