RE: impact of the rise of the oil price6 Feb 2021 18:42
Ocelot...Think all possibility of any future success for UKOG is absent from the current share price.
I agree but ask yourself why that’s the case? IMO any success they have previously had over the last few years hasn’t been allowed to come to fruition, and get some monetisation, instead went down the route of buying partners out and buying more acreage, before any asset had been commercially proven, and all this done with massive dilution, at the shareholders expense, I have 3 options, buy more, hold what I have or sell, I won’t be selling at this price as it’s to depressed, I won’t be buying as there’s more money to be raised and further dilution on the cards, so I am holding, but I am far from a happy holder, the majority of investors here are not happy with their investment and have lost all trust in the company and indeed the CEO, also new investors are looking at the previous history and nervous to invest hence the flat SP. This is a share for the bottom feeding Traders that see the opportunity for a pump and dump on any potential spikes. I personally don’t believe SS will ever spend cash when he can issue more confetti, unless he decides to lead the way and put a chunk of his own cash on the line...