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We really need a 1 for 10 consolidation of these shares to get the total shares outstanding to a more reasonable and respectable volume of around 600 million shares, instead of the 5.7 billion shares outstanding. This would also place more restrictions on "borrowing" shares for shorting UKOG. Then the shares may be at a more realistic SP, true value. Currently, with the nefarious practices going on shorting UKOG, the private investors are merely at the mercy of the shorters.
by Jim Slater
"Its better to make money than to be right" .... applies on this BB.
The trouble here with UKOG is that there are so many shares in circulation that it is easy for the malicious to short this stock. It would be better for UKOG to perform a consolidation of 1 for 10 to bring the number of shares into a figure of circa 550m shares, instead of the 5.5bn shares in circulation. Doing this would increase the propensity of the stock's SP to go up and make the company more valuable, as we all know that this is a very undervalued company that just needs to realise it's potential by bringing the wells into production and earning revenue, but that takes time, and we are possibly looking at 2020 or 2021 for the SP to realistically represent the true value of the underlying assets and the true value of the company.
For those who are patient, please keep on accumumlating stock. This is a long-term game with great rewards to come in the future.
STRONG BUY at this price if you are prepared to hold for 3 years.
"Upon completion, the Company will hold a 77.9% direct interest in HHDL and a majority 50.635% interest in the Horse Hill oil field and licences."
This is a good play. As UKOG is now the major in this development field, it would make sense for all the other players to sell up to UKOG or be given shares in UKOG. It would be foolish for each of the other parties to each do their own thing and all incur the basic fixed costs of doing the same basic setup, exploration-wise and development-wise. It would be best to consolidate under UKOG and perform the whole process only once. Everyone will still have a share of the pie. Also, the pooling of resources can accelerate bringing Horse Hill into production - only one party has to go through the red tape with the officials - and not all the other little players.
Consolidation under one banner makes sense.
MM's again !
There's still loads more mileage in this - still about 10x of what it is now.
I'm expecting in excess of 10p by the end of the year - any predictions, guys ?
Contnually through this year the SP will motor upwards.
Hold on tight !
Spelling errors -
Excellent article - and some excellent suggestions to beat the bots
Excellent articel - and excellent suggestions to beat the bots.
Sell into this rise and let us take the shares off your hands ... go on, you know you want to !
Come on you shorters ..... sell into this rise !
bringing the SP down to 1.80p
Watch this break 2p today, as the chart show solid support at 1.82p.
The only breakout in these cases is upwards - how far ? I hope over 2p !
Please !
Beware of MM's trying to stop out some PI's who have a 10% stop loss to free up some shares for the big buyer in the background.
Can we get to 200m trade by 10 am ? Seems highly likely ! The cat is now out of the bag - this is a growth stock just starting out on it's ascent and metoeric rise. Even 10x the SP early last week is good value for those wishing to make a profit. Proven resources and proven harvestable ! Just a matter of how quickly the oil can e converted into cash. A lovely production company jst getting out of the starting blocks now. Excellent value if you get in now.
There may now be more than one big buyer or big party loading up. Over 100m shares trraded by 9am is not normal trading for this stock. So it seems, the rise is inevitable. The SP could 10x from where it started last week and before (at around 1.2p) and still be of value to a big oily. However, the money to be made is a buy in now. BUY BUY BUY !
At just above 1.51p. Can't break through this bottom ... may just power off the other way !
Get ready for a trend reversal ... back over 1.60p
Sell on the News.
The news hasn't come out yet !