Member Info for Ninvestor

https://www.miningreview.com/energy/vanadium-redox-flow-battery-a-game-changer-for-energy-storage-safety/

Nothing new here but handy reading if this week's rises have brought any new readers to the board here.

Ignore daft noise and get stuck into the vision of this excellent company!

Thanks pdub.
Good advice on the other subject too mate.

Right on cue, the familiar round numbers.

"But the V-flow battery outcompetes Li-ion, and any other solid battery, for utility-scale applications. They’re just safer, more scalable, longer-lasting and cheaper - less than half the cost per kWh."

https://www.forbes.com/sites/jamesconca/2019/08/26/energys-future-battery-and-storage-technologies/?ss=cio-network#95ab33b44cf1

Thank you.

Robmac. Without interference I doubt the mcap would be under 400M regardless of the Vanadium retrace in 2019. Excellent progress from the company this year.

Pdub, you're a credit to this board. I hope you're well and please continue to do what you do here.

Alfa, do you have record of when the regular round number sells began? I think about 6 months now and your public trade analysis seems to back this up. Cheers.

Shame there isn't a company that can do all this Vanadium and VRFB stuff virtually under one roof.

Indeed Alfa.
He also didn't mention (or consider) the slow implication of the new rebar rules in China and how that may push the price up moving forward.

Small top up 6681 @ 22.375.
About the same price I was paying during the strike!
GLA

Excellent write-up Medauntouchable.

Turtle: Last time this happened most holders felt that a routine placing would've done less damage to the share price.

The YA deal just slowly destroys value for existing holders.

Turtle.

Check the 'Loan conversion' series of RNS' from late 2017 into 2018. YA are not interested in Ukog as an investment, they flip the shares immediately (dilution) and are happy with their immediate gain.

Think of it as a short term high interest bond to them. The term death spiral finance is because they constantly flood the market (hence the quarterly limit imposed by Ukog)

As you can see from the terms below YA cannot lose from this deal.

2017 YA Loan Terms:

The Loan attracts 0% interest and may, at the sole discretion of the Investors, be converted into new ordinary shares in the Company. The conversion price is the lower of either a share price of 8 pence, or 90% of the Company's lowest daily volume weighted average price ("VWAP") during the five days prior to the conversion date. The Loan is convertible in tranches of not less than £250,000, with a limit of £3 million per quarter, unless otherwise agreed by the Company.

The Loan includes a provision that, for as long as any portion of the Loan is outstanding, neither the Investors nor any of their affiliates shall hold any net short position with respect to the equity of UKOG.

UKOG can repay the principal amount of the Loan at any time for cash, provided that the 5-day VWAP of the Company's equity is less than 8 pence and a prepayment fee equal to 10 per cent of the principal amount of the Loan then outstanding is paid by the Company to the Investors.

Today Loan Terms:

The Loan attracts 0% interest and may, at the sole discretion of the Investors, be converted into new ordinary shares in the Company. The conversion price is the lower of either a share price of 130% of the Company's average VWAP prior to the Loan drawdown ('Fixed Conversion Price'), or 90% of the Company's lowest VWAP during the five days prior to the conversion date. The Loan is convertible by the Investors in tranches of not less than £150,000, with a limit of £3 million per quarter, unless otherwise agreed by the Company.

The Loan is subject to customary conditions precedent and events of default and is repayable 24 months after drawdown. The Company retains the right to prepay any outstanding amount so long as the 5 day VWAP prior to prepayment is less than the Fixed Conversion Price and subject to a 10 percent prepayment premium

The Loan includes a provision that, for as long as any portion of the Loan is outstanding, neither the Investors nor any of their affiliates shall hold any net short position with respect to the equity of UKOG.

It's our right to question the company's path, they are using our money after all.

I've said my bit, that's all. GL

32899
6.1107p
£2,010.35
0.875p
£287.87
£-1,722.48
-85.68%

No, I just rounded my average down to 6p for the post.

So far my honest view of 2 years in ukog has just received abuse. Nobody seems to be challenging any of the facts though? Who is going to go to the AGM and thank SS? Nobody, because we are all losing money.

So after holding the share 2 years I am not entitled to voice my opinion and be disgruntled with the performance?

Deramp? It's honesty. Why would I deramp a share where I'm down 85% you moron.

As I said, it'll sit in my portfolio as a giant red loss as a reminder not to chase rainbows.

Your happy with your investment then?