Member Info for Mkx007

Sure they are.

Buy yesterday at circa 3.5, sell today above 4p = quick profit.

Looks like the prediction was right - here come the sells.
Patience just isn't in some peoples vocabulary

Seems to have gained a bit of ramping here...wonder how long this will last. Nice to see some highs though!

GGP down - PRIM up --> profit takers yet to be seen. A lot of new names here so I'm doubtful they'll be around for long.

To be fair they are both saying the same thing. UKOG has many assets. 1 is saying that is why there is value the other is saying they should sell some to claw back some cash.

It is him running it, we've spoken about it before. Personally I love that response. You can't knock an investment that has gone from 1.7 to 10 and the top slice. If we have completely sold out then there would be scope to comment but on this occasion. Nope!

Hold off, this is at the new highs - post consolidation. Wait for news of the sale, then buy on the rise.

Won't be out of touch when the other investments actually get valued correctly.

I mean these grounds are most certainly not part of the planning decision. Approval from everyone has been received bar the council who are, at best, clutching at straws.

I would fully expect these to be brought up once again and the officers to re-iterate the advise of planning authorities. It is also in their best interest as the future "green" plans UKOG have automatically counter any environment issues that arise.

Exactly. Dividends at £20m.

Which is a circa 4-5x return on the current prices. Plus a 10% buyback. However I dont foresee this happening this year unless there is movement on some of the investments. Ggp going to 20p, Engage value update, RTO of WeShop, etc. All of those will potentially trigger a buyback matched by a boost in sp.

Why are you posting here then?

PRIM's main assets have been sold for profit - taking legacy Stellar Resources assets and selling them on (HHDL, Welsh Gold), they have also proven their worth with investment into GGP and top slicing out the initial investment and some more.

GGP holding supports the underlying value of the company and the other assets would be showing significant value had COVID/Brexit created a challenging IPO environment. Engage will be huge when the job market comes and they've already proven the technology works with some major contracts - this is the play that will encourage investors to stick around. Dividends, buybacks etc. Till then you'll have to sit tight.

I mean share buybacks are literally in the plan.

The intended proposal was the buy shares and leave them in the treasury ready for when some of the bigger plays Engage/weshop kick off and then they can sell the shares back at a premium. Raising capital in the process.

That's a 66% discount...come on

Has everyone completely forgotten what was written in the RNS a few weeks back. They can only raise up to £300k - this was put in place to limit the constant placings. We have bought equipment, we having planning approval - Loxley was for something new and SCC will be in trouble for it - it's almost a lose lose for them now. UKOG will be paid damages.

The only big issue, like many are saying is that SS is on a huge salary in a company with essentially no money - if he takes his salary as shares or buys in the open market then this share price will rocket as it shows confidence.

They have haven't they?
Access roads are not sufficient for the volume of traffic and type of traffic that will be using them.
Personally think it's a bull**** reason but there we go.

Lol love posts like this...IF there is an RNS with GOOD news then share price MIGHT RISE...

Seriously?? Where do you get your insight, it is truly incredible! I'm an avid reader and can't wait for the next one!

Exactly, as far as I'm aware HH was meant to have 6 wells are planned. They have been approved at there is currently only 2. We've bought the equipment to do the next 4. Re-drill BB - move onto Loxley and get the IOW done. The future is bright but we need the board to support the shareholders!

A small long term well and 1 big well under flow test. Wouldn't describe that as excellent!

Looks like everything is looking positive here!

It's in an interview with the CEO and (I think) share prophets. She said the LOI has essentially been granted but is now undergoing the due process in Pakistan. The government have verbally agreed that they want the plant and the LOI is that agreement in writing. The problem is the forms need to have all the Is dotted and Ts crossed before the government issues the LOI. It should be coming in soon and the Pakistan government will push it along if it is delayed further (as per the interview) however there is a COVID-19 crisis and obviously things are taking longer than anticipated.

Don't get me wrong, the tech is good. it's just too expensive at the moment. Invinity have a great product that cost reductions can come thick and fast however the problem is that with the AIM cloud of mystery - the company can't say what they are doing without releasing an RNS stating such. Bit of a shame really!