Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When all is said and done, it's only the MM's who can set the SP, according to their own agenda. If anyone thinks that the MM's are being fair, they are severely mistaken. The MM's are there to make money, just like anyone else. However, their agenda is not a long term one, and they need to manipulate the SP on a daily basis to encourage trading in the shares, whether it be buying or selling - they get their cut of either. No volume or activity doesn't help them - they need trades.
Doesn't seem as if it's "highly regulated" on AIM.
More like totally unregulated, in the case of UKOG, in my honest opinion.
I like this definition ...
Short selling is highly regulated by securities authorities around the world, not only because of its risky nature, but also because it is prone to manipulation by dishonest short sellers who may use unethical tactics to drive down stock prices.
The MACD and the Bollinger Bands don't show any sign of the drop stopping at the moment.
It's not huge volumes that are lowering the SP every day ... so far today only circa 50m shares traded out of 5.5bn.
So the question is .. are most actually holding ?
Seems so .. only the MM's need trades and shorters as well.
How has this SP been driven down and down when the company is making good, steady progress.
Are the MM's manipulating the SP ?
Are there heavy short-sellers, hoping to cash in later ?
Is there a shareholder/party that is unloading stock all the time ?
Let's have some opinions .... reasonable debate, not stupidity or trash talk.
Kelty sits behind a desk and probably hasn't even visited the site - which is what any analyst worth their salt should actually be doing. He probably hasn't even interviewed SS or any of the management team. It's easy to provide spurious opinions without a shred of proof or evidence. Quack ! Kelty !
That's why TW's show / podcast is called Bearcast - the only intention is to run companies down. Enough said !
According to SS's interview on ShareTalk yesterday.
"MORE THAN COMMERCIAL."
What an endorsement !
"It doesn't take rocket science to realise that this going to make us money"
"Planning application to come in November with Surrey CC, to get Horse Hill on stream, producing"
"straight into production in 2019, with significant cashflow coming into the business"
"A very economic field".
"Potential to become the UK's no2. producing oil field".
WOW ! WOW ! WOW !
UKOG is on the cusp of becoming another major onshore UK oil producer. Fantastic !
No, not football .... oil is coming home !
Energy security.
The Weald can possibly supply at least 10% of the UK's oil requirements.
The time is soon coming when these are not going to be cheap as chips anymore.
The obvious message is starting to sink in - that this is 100% going to be commercial.
Maybe the MM's are accumulating - prior to the GOLD RUSH ! (when this is declared commercial and are allowed to produce with a license).
This is all but commercial (wIthout being rubber-stamped with the relevant paperwork).
FANTASTIC NEWS !!!
More to come - UKOG is definitely going to be a major UK onshore producer - no doubt, now !
When is the (approx) end date for the 150 day EWT ?
Does anyone know ?
Does anyone have an approximate end date for the 150 EWT phase ?
I cannot for the life of me understand why, over the last 2 months, with such good news, that the SP is being smashed down. Is UKOG being short-sold massively, and why ?
I'm of the opinion that the SP will only take off once UKOG are commercially producing and selling oil and making profits. Then you really can't hide the reality. At the moment everything coming out only points to the potential of the business. Although all the reports coming out are excellent news, there are those who like to play on the doubts and fears of nervous PI's. This share is not for the faint-hearted. There are just too many shares out in the public domain held by PI's (5.5bn) for manipulation by unscrupulous operators (such as MM's), who can make naked shorts if they so desire. After all, they control the SP and all the trades.
Hi MrCautious
This report is from professionals - you can't get any better than that, so to imply that the report is a rumour or is inaccurate in any way is simply in bad taste. If you know better, then I suggest that you take up the reigns and compile your own report. See how much credibility you'll get. As the saying goes, "if you can do a better job, then you do it". WTFDYK