George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
We did sell in the 40s however, we have been hit in the past therefore this time we were ready. I recovered all my losses over the previous years. I bought more shares at .12.5p as a joke. This time I was lucky but not always.
@jackblackurn - No one who has followed this share would hold it over the weekend. It needs to raise capital to fund Turkey drilling. Most other shares would go public to its investors first, however UKOG goes to Institutional investors and just dumb shares to the market without regard to retail investors. Sell now and buy after the RNS
Selling is the best advice now, we all know the RNS is coming and on Monday people will be hit hard. If you are in profit, the is no point of holding a share on its way down. Someone has to finance the Turkey Drilling and UKOG will go to institutional investors and just will add the shares at ridiculous low prices burning small investors.
UKOG at its best, the hype is over. Lets wait for the capital raise for this to go up slowly but sure with no down turn.
Short term investors leave now and take the little profit you have or else you will be burned. This share will burn you out
Habour Energy has so much potential, however PMO old investors are bitter towards the merger, which is understandable as it was so unfair; however, for new investors HBR is black gold. There is no takeover to come in the neat future as suggested by other posts and we ar past the dark times now. Once PMO investors understand sunk costs, and start rumping up their shares, this will be around £2.50 in no time. The share is now attracting U.S. investors therefore, its about to go on steroids. This is the new 88Energy or UKOG.
Crank001: The Mercedes part is good, I had missed it; however, the market is recently has not responded to such news as in the past. In Saga, the founder purchased about 25% of the shares @ 95% premium, yet it went down. Tullow oil has a good hedge on oil prices and recently completed a sale of assets at around twice its market value but the market is just not responding as expected. All is good, however this will go up a bit tomorrow for 15 mins before plunging down as BP did today. No good RNS announcement goes unpunished these days.
Sell tomorrow and buy low on Thursday. This SXX in the making, Thomas Cook and Intu combined. 10,000+ sales estimate and 2bn turnover is a liner for suckers. too much debt and failing sales. Crank001, cut you losses mate.
The debt level is too high and with oil price at current level, I don't see it at 25p soon. The Market is not factoring its 65% oil production price hedging and will not factor the sale in 2 days time due to debt but will trade it based on oil price as usual.
Don't get emotionally attached to a particular company, cut losses as soon as possible. Averaging down is a recipe for disaster, its the same as you lose when you sell. By selling when it was going down due to oil prices going down, you would have probably the same amount of shares at lower cost without adding more money to average down. Tullow will go up, but you not selling and buying when it goes up and down will cost you a lot.