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I just went onto the Bagir website and read through the latest full financial accounts. I have to say, feeling very confident about all of this far beyond the 3.5p buy in. It'll be interesting to see how much the Ethiopia change helps reduce production costs. The director salaries are significant at £877k but with the revenue streams coming in and tie up I can see a bright future for the company. As for today - clearly a large background sell going on. Not sure why in truth, when from everything I can see the future is very bright here, but clearly they have their reasons. For me the fundamentals are nailed on so I have no qualms about this being a great hold and will continue to top up as and when opportunities present.
Madness I have to say. No idea what anyone selling is smoking!
40% gain to be made from here to 3.5p so couldn't help myself with another £2k top up. Crazy to still be this cheap. Interested to see what the link up will mean in terms of further contracts. Hoping we get further announcements soon on the growth implications.
Never understood idiot comments like this. Of course a low entry is wonderful if it goes up and you make a good profit. 1p would be an amazing entry - but it's not going to happen!
Don't be silly, you know a major has come in at 3.5p. This certainly isn't finished at this level!
That little shake was on tiny volumes. MMs making a nice little killing on those that got suckered in.
No idea why anyone touches UKOG it's glory days are behind it. SOLO is worth putting money into so much more given it's asset size and market cap. But on topic, this is crazy cheap! Had a top up.
A major Chinese company has paid 3.5p for just over half of a company and plans to help it grow what would you say it's share price should be? This is a bargain!
Tea - the reason for higher is what the partner buy out brings in terms of new contracts, distribution. They are a major partner to link up with who can help Bagir reach the next level.
This was trading at 3.35p on 4th Jan. We aren't even at the yearly high yet! Plenty of growth from here.
Bang on Rebs. I have to admit with PYC I saw the 100% gain from 1p to 2p and thought this is silly and didn't buy in. Biggest regret I've had on a share! Shouldn't look at the gain but at what it should be fairly valued at. This is huge!
This to me could be like PYC but without the retrace.
No idea how this isn't 3.5p already. That's what the Chinese are paying, guaranteed!
Pleased I already put more in yesterday on the silly fall. This really is excellent news. No dilution, board looking to pay dividend on asset. Amazes me how low this is, the dividend alone could be as much as the current share price!
Sick of such rubbish, all of yesterday's gains wiped out on low volume and when they aren't even all sells. Utter joke
More buys rather than sells and the price drops, MMs trying a little a shake?
The knock on impact on SOLO which has a much smaller market cap will be significant. With them already holding part of the HH asset I expect to see them doubling in value.
To be honest I thought this was cheap with the HH asset alone. Now with this news I couldn't hold back from dipping in. Very cheap here, wouldn't surprise me to see this double today.
Such tosh. The actual spread is 0.8-0.817 so many buys are showing as sells.
Positive production rates, extension in place. It's only up from here, this market cap being under £18M with it being revenue producing over £2M a year and profitable with £200M in assets is crazy low!