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£130K bodes well for tomorrow?
Seriously you aren’t going to effect the SP
Did you read all the RNS?
"The most risky part of the drilling programme is now behind us with the section most prone to hole collapses, which has been problematic on many previous sidetracks, now fully secured and cased. We look forward to completing the final horizontal open hole section in the first two weeks of January and reporting flow tests immediately thereafter."
Surely the system should recognise that as a buy as traded at 97p?? not a sell
So far so good :-)
The longer SP goes "down a bit", "up a bit" the bigger the SP rerate... IF the next RNS is a positive dewaxing/big increase in production then it will jump up else, oh dear... but i'm sure we are in for good news IMHO..
Can't buy on HL :-(
Can’t buy but can sell at apparent buy price??
1st Feb RNS Wressle update:-
“The Joint Venture will provide a further detailed update when flow rates have stabilised on completion of clean-up”
Anybody know how long it takes for flow rates to stabilise??
......nope..... :-)
People with money don’t take risks... Simples - They can chose between guaranteed 15% or at current price, higher % its a no brainer. If you currently had x millions of £ in BPC right now costing 2p what would you do?.. yep sell a few shares ...
Given this deal it seems to me logical for 1798 to keep selling above 2.3p therefore a better guaranteed return with no litigation required - I see the price slowly move down to 2.3p over the next few weeks... 1798’s target will be to have sold up before results if better than 15%. Zero risk maximum profit
Agreed - I don't think the price will go below 2.2p - if the seller can sell above the 15% profit then they will do so before result. I doubt very much they will gamble any money on the result
Yep - I think they will be selling all the time the share price is above 2.2p effectively killing any rises that might have otherwise occurred over the next 2 months
Agreed and that's why I think UJO will wait until post 12th Dec before pushing the button on the placing.
Probably showing my naivety but surely the fact that there will be news due on Wressle sometime after 12th Dec and hopefully before xmas UJO will be using the anticipated positive news as leverage on placing price??
Agreed - that's my take on it exactly!
Without going into the minute detail its playing out like a winning game of Monopoly - to win you must grow your portfolio of assets as quickly as possible to create revenue generation whilst keeping a careful eye on cashflow - the assets eventually make you 'rich' albeit money is tight for the duration of growth - SS/UKOG are doing both - growing AND generating revenue - there is nothing not to like.... AIMHO
PS Circa 3% dilution for 6% gain of asset base = Happy days!
Bergen reduces holding less than 7%