George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
"The Company has entered into a loan agreement with the Trustees to fund the subscription of the EBT Shares by the Trustees."
What does that mean? Is UKOG lending money to the EBT to buy the shares at an inflated price?
If so, where is UKOG borrowing the money from?
Looks like gas storage is the only dream SS has left (if he doesn't retire now with the millions he's made off UKOG).
Kistos has just done a deal for gas storage.
https://www.lse.co.uk/rns/KIST/uk-onshore-gas-storage-assets-maikodedz5bqd5a.html
"Did the meeting actually take place and they adjourned it before the votes?
Or was it adjourned before it even started?
The way the RNS is worded makes it seem that questions asked in the meeting raised issues that they couldn't immediately answer."
That's what I'm wondering. I'm hoping someone who attended the meeting will give a summary.
Could it be possible that something they proposed isn't legal?
I've had a few over the years (mostly oilies) where I've held through big rises only to see them drop way back again, some even going bust. Nowadays I tend to sell half if they double for a free carry.
I'm in Helium One which should have been a multi-bagger but I got in when it was much higher and had pretty much written it off. It's a 10 bagger in 2 weeks for those that got it right, don't see too many like that.
I seem to do well with companies beginning with Y.
Yu Group & Yougov are among my best performers.
As a strategy it would be really limiting, Yellow Cake and Young & Co. would be my only other options.
I'm stuck for what to do about MV though, I'm of a mind to dump the lot at a big loss.
I've given it while to see if it recovers but I'm starting to think it might never happen.
Lenigas has been hired as a consultant by Red Rock Resources, so looks like he has no more interest in milking UKOG
https://www.lse.co.uk/news/RRR/in-brief-red-rock-brings-in-vinanz-chair-to-help-enhance-key-assets-we7ivo9jqdp7k1j.html
I've seen the same red circle on lots of other shares on LSE, with same lack indication of any changes.
Does anyone know how the notification of short positions works on this LSE site?
e.g. today I see a 1 circled on the Short Positions for Kainos, but clicking it doesn't show any change of shorts, last change shows as 11th Dec.
Decent results and outlook, hopefully leading to a steady rise.