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I wouldn't discount the Jamaica asset being sold to UOG based on the actions of an oil company thats lost 97% of its share value since its peak.
Looks like Tullow has its own problems to manage and selling assets was just part of that management
Why does LSE not show any RNS's since mid Feb '22? We've had major share purchases from sticky holders since then!!
66% of the stock in sticky hands with half of it held by Directors (you dont see that very often!!) = small free float leftover
Any sort of buying pressure and this will blow its 1p lid with ease
VERY interesting.
Tesco highlights a weakenss in their cyber security after conducting a stress test
Ex Tesco CEO buys a shedload of stock in a cyber protection company
...................
Goes to show how tightly held this is that its gone up about 20pc on a handful of trades throughout the week
I agree. The entire market is struggling. I doubled my position at 16.65p earlier as the tide will turn eventually and the 15p-16p area looks good for support
Hopefully Spreadex are on the way out
Its annoying they dont state the value of these deals. How much is this new contract worth? £1? £1,000,000?
388m shares moving to 888m shares... cash in bank @ £10,000,000/888,000,000 = 1.13p
Disgusting
Yea he owns £23m worth of shares at todays value I doubt he will be able to reverse out of that at speed!
Big player adding is a positive in my book
Held for 3 years now with my first buy in at around 6p all the way down to 1.5p. Its been a rollercoaster from my initial buy in but unlike other shares, have never sold a penny in UOG and conitnue to hold and top up a couple of times a year.
I like the team and their approach to building a low risk portfolio to act as tick over whilst they explore some high impact licenses without having to come back to the market with the begging bowl everytime they want to drill