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There we go - encouraging the breaking of 2.9p resistance.
5 times today it's tried to break 2.9p. Will the SP give up and re-trace, or will it hammer at the door until 2.9p is well overcome ? The smart money says that the goes at 2.9p will not be the end. It will eventually break 2.9p and possibly 3p today.
It's great to see some positive movement on the SP of this share after we have had to endure long periods of sufferring as the SP tanked to approx 1p over the last 6-9 months. Good luck all - best wishes !
Are we heading for another 750m shares traded today ? Seems likely !
Over the next 150 days the SP of this share will steadily increase as we get closer and closer to production in January 2019, by which time the share price will be x times what is now, hopefully a ten-bagger !
Great upwards movement on the SP today !
Who knows what it's going to gap-open up on Monday ?
Today ! This must be some kind of record on AIM ? Surely ?
Was to knock out some more stop losses !
Just for today - the MM's can't get shares to satify the incessant demand.
The MM's may hit some more of these to trigger stop-losses.
This was a ruse to knock out your stop-losses. Soon back to 2.14p !
Tha'ts my opinion and I'm standing by it - approx. 2.30p I'd say.
Buying pressure has been incessant today ! Long may it continue ! It's obvious now where the SP is heading as we get closer to going into production in 6 months time.
Highly likely !
That's great volume !
Cuart Investments PCC Ltd and YA II PN Ltd - converting loans into shares - a shrewd move. As long as they're patient for a while - they're going to be able to make multiples of their investment. The SP is only going up as UKOG gets closer and closer to becoming a producer. When the oil sales start to filter through, then the SP is going to go through the roof - possibly around January onwards next year. Hold long & hold strong.
The words used in the RNS are "production testing" not "exploratory testing".
That gives us a hint that production will be on it's way in the near future !
IF The first and second tranches are repayable on 13 November 2019 and 31 December 2019, respectively,
then .... there must be some quiet optimism !
that .... UKOG is going to be in production and selling a fair amount of oil in order to repay the loans.
Just my thoughts .. .or have I missed something ?
It's obvious some are shorting the hell out of UKOG ! Beware - it's different this time !
For all the relentless buying, there seems to be a lot of top-downwards pressure on the SP. It seems as if it's being restrained (by shorters?). But this is a stock that has been battered by the shorters, and needs a bit of freedom to express itself in the SP. Time will tell.