RE: Billions coming to UKOG Hydrogen storage project from UK Gov9 Oct 2025 10:28
Have it on good authority (ex trader) that they believe this is a large cohort short cover being filled which makes perfect sense. No more headroom so covering on open market which requires some wizardry dynamics from the MM who have taken up their cause and don’t care what the SP does as long as they have volume. Think bottom is now firmly in and we have an indication of what price the cover is.