Member Info for mrcautious

Sorry meant to say exact opposite...

Well the exact has happened from what we predicted yesterday evening - what the heck is going on with this share its as though it is stuck to the end of a bungee cord twanging it back down to around 10p !

Have you never heard of wage bills running costs equipment rental rig rental etc etc What company on the planet is not burning cash just because they arent doing much !

jeffery - Thats as may be but the article was the last straw for me it was the goings on in the last 6 months or so that really did it for me. This is a very high risk share now as there are no guarantees that the level of oil found will really support share price growth with the level of share issuance there has been. Another example is KDNC - a non oiler who on the face of it has great assets, but no-one wants the shares and they have to keep dilluting to keep the lights on. Its all very well for people to keep talking about tankers but this company is burning up the cash and the tankers are only pocket money.

pranch - I wouldnt say I was doing cartwheels, but I am just hoping this share can repair the damahge another rubbish AIM share did !

I had the same thought today - ie a cheeky trade on a now dirt cheap share. However my hatred for the butt-wipes that run this company stopped me from doing it !

I sold out of another AIM share that was pure dog poo so thought as this is now cheap "in for a penny" .

Not me but the last trade for 61760 was mine and it was a buy not a sell...

Who would have thought it, one of the best news stories on AIM and still it is sinking -- perhaps if we filed for bankruptcy it would leap up LOL !!

Thanks I may do this.....

GEUK - when did I say I had sold out before ?? I can prove I was always in this share its you who are the butt-wipe here !

Fair enough I will continue sitting on my hands, I come from an industry where things move very fast a years can seem like a lifetime in ICT technology !

I have accepted my lossed and bailed out of this over-hyped load of nonesense. The article below finally pushed me over the edge as it makes sense :- uk.finance.yahoo.com/news/could-ukog-share-price-fall-101439301.html
Good luck all who choose to remain but I am now getting very wise to AIM stocks but this knowledge has cost me.
TIP FOR THE DAY : Never invest in anything connected with David Lenigas or any of his lietenants - in this case Kiran Morzaria.

Funky - this discussion board is turning into the same thing as several other AIM shares I am looking at, ie emdless posts of research into what we seem to have that we already know about etc KEMET etc etc but with no updates and no comms from the company whats the use. The share price is so low now its hardly worth selling and we dont know whether there is a pot at the end of the rainbow or whether this is another AIM implosion - without doubt this is the most frustrating share I am in and with a 5 figure sum too...

|Agree with your post Lawrence - but the market seems wierd for these Lithium juniors still, look at BCN they have a huge proven resource with funding and offtake deals and still the share price has started to drop back again - I cant figure it.

Certainly fookin not !

i went fishing earlier so back now and super confused about the trading today. There was a large buy at 16:30 but surely this cant be the issue ? Or is it just the 10% ers that are to blame ?

My money is on the monster buy theory also !

Are we not looking at what has happened at all or just looking at charts ?? Yes the SP has gone up a lot over the month but on Friday we had confirmation of the Ganfeng deal which should really have given more of a boost, but on AIM even superb news like this sometimes doesn't cause a major leap it seems..Unless MM's have a monster buy in order and are keeping things under control !

Very true also - CC