RE: tomorrow6 Jun 2021 13:03
I agree with Cyan’s view and inevitably this will get diluted further.
Sanderson has a smug, unfortunate demeanour that manages to display almost contempt for shareholders.
He is either the unluckiest’Geologist’ CEO the world has ever known, or for years that the almost disciple like following wouldn’t challenge while he was harping on about gushers that would see the ‘Holy Grail’ and a sensational outcome for all.
Against that Ukog have built up a portfolio of assets that you would say “can’t be all duff” .... I think it’s fairly reasonable to assume Turkey will be successful... and eventually if the south east corner of the country doesn’t crack off and drop off into the English Channel cos he’s cris crossed so many blinking drills that it is now barely connected to the rest of the U.K. land mass .... that one or two will be successful. (IOW I would think is a license we were lucky to get).
Therefore read also very closely into the fact that the selfish Sanderson who looks after himself, and only himself ... didn’t buy into a share that went from 0.4/0.6 to 11p (ie he didn’t believe his own froth and testicle juiced lies) but is prepared to be buying into these 0.21 confetti..... he has always failed to align with shareholders, castigated for having no skin in the game. Furthermore his judgement to get Lenigas into the early day rampathon’s is an illustration of his reasoning.
He needs in no uncertain terms to be successful in Turkey ... but an income stream of any significance would be transformational for UKOG and the share price would react (finally) as that is what is ... and what will remain UKOG’s Achilles heel until it happens.
There are many great stories out there, and it’s the job of the companies to spin plates until they can get there. Mr Sanderson is on borrowed time for achieving that, but als is handsomely rewarded for presiding over his shambles.
On a Risk and Reward basis the above negativity is more than factored into UKOG’s share price. Time is running out Mr Sanderson... I just think the darkest hour is just before the dawn... and you will eventually get it right, saved as a U.K. focused oil company by having to turn a card in pontoon whilst holding 16 .... it is by hope you don’t get the picture card at this point that means maybe you weren’t unlucky ... but actually inept, and that that is the reason you honed your demeanour!!!!
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(you overpaid buff##n)