Member Info for eldorado1909

From my perspective, one of the things which might put people off here is the spread. It's not nice looking at a 5-10% loss the minute you buy in a share. Not really sure why this is so illiquid based on the MCAP, since i'm in other small caps with a much tighter spread. I guess the flip side is that its illiquid nature means if transformational news hits it could do 50-100% in a day. If Wressle comes in that is massive for UJO, and in view of the recent changes to planning approval I think it is now more likely than not. Also Biscathorpe spud coming which may well come around the same time as the wressle approval news. As you say, now we've got these big sells out of the way we *should* see traction in view of the catalysts in play. Already banked 20 percent on UJO this year in my last trade. Think there's every reason to be optimistic I can get more than that on this trade from 0.11. I was honestly reticent about buying back in here because of the illiquidity I experienced in the last trade, however, there is plenty of price-positive news to come here and I can't see how this won't be higher come spud.

And there it is. Two large sells being worked through the system which came up at close as two buys.

weird has been going on with the price action today.

There would be more interest here if it weren't for the savage spread.

*invested

If you're "interested" in AIM you are a gambler.

Back in ready for the next leg up. Lots of news still to come.

Let's not get carried away now. Although I agree its looking good. 5p was a big hurdle which has been smashed through today.

I think it will be passed too, but it seems madness to risk holding to the GM when there is a chance - although small - of the SP cratering. The churn should allow me to get in at around this level once the bust settles. Fingers crossed.

Placees selling out for a nice 20 percent return. Never lose the pot banking profits.

Based on the chart I'd say somewhere between 6 and 8p, all IMO.

Think you and IG are both right. Banked profits until after GM. Not worth the risk, will buy back in after the resolution passes.

You seem more confident on here re placing than on Advfn and twitter? Could be a bloodbath if not passed,not concerned re placing shares they will be churned over because of the level of excitement. I've not seen a similar level of excitement on an oiler all year, not even MATD.

Can you see any other risk than the sister issue here. On the face it seems like the perfect trade, but can't help but feeling I must be missing something.

Amount of excitement and positive price action for a share which is about to be heavily diluted is indicative of a significant rise into spud IMO. Lots still on the sidelines waiting for the sister issue to be resolved. Could be pretty exciting here next week if all goes well.

Hold above 5p, if so we could be on for a bull run.

Were back under 5p again. Getting pretty frustrating now. Until placing churn is over this isn't going anywhere.

Not yet I don't think, people have started chasing the bid on l2.

What's your view on sister?

What's your average mate?