RE: A question24 May 2018 17:02
Sting - when I am confident about shares in my portfolio I post positively, a quick check of my overall posting history will confirm that.
Yes I do like facts over hype, and though I hold somewhere around 5% in aim shares it's only a small part of my overall investments.
I generally don't like hype, it's costs people money more often than not. I also dislike ramptistic posts that are factually incorrect and lead to deceive.
You have probably been keeping abreast of the known l s e rampers over on bpc. ( I know nothing about that oiler but the pattern is the same. The pump and dumpers drag people in and are gone before the sh*t hits the fan ). Maybe this time round over there everyone will do well though I doubt it. I mention it only as there is so much cr*p being said by guys that had never posted over there 2 weeks ago - but are now apartently lth's
My view on ukog is unchanged - it could turn out to be a nice little oiler whether it can re coup the funds it has already, been given by pi's and the additional funds still needed is anyone's guess.
I personally remain worried about cash burn, I also genuinely do not see it scaleable into something that equates to national significance without infrastructure which will be incredibly expensive.but it could produce decent bopd hopefully at a profit unlike at horndean and avington where oil was produced at a loss last year.
I am 59 this year, and yes lucky to be retired, ( though I would love to be 30 again lol ).- I have seen / and financed many start ups when I worked in finance. Some very quite successful.
In truth I have lent to start up failures too in my past. Maybe that's why I drill down to facts, rather than listen to hype.
I urged caution here from last Oct and have been doing so ever since. It was over hyped last year. Some say that was down to statements made by the bod. Those that were following ukog from the start and got in sub 1p hopefully did very well and top sliced around 6 - 8 p and good for them.
Many are now under water and have big decisions to make over the summer.
There will inevitably be spikes along the way, but with people wanting to break even to get out together with YA trading into rises, and the further funding due sometime in Q3 / Q4. People will need to be light on their feet here imv
For myself I remain of the view that it's never too late to get into an aim share. But often it can be too early.
I personally don't need to make a 2 / 3 / 4 bagger but I understand why people feel the risk is worthwhile.
Roll on oga then the real fun can start !
Also now 5 weeks to the interims, ( cash in bank ).
How.
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