Insidious is correct, UKOG is a 'stand-out player'; they are a member of the elite 99/100 club. It takes a certain type of skill to see the share price reduce by over 99% whilst raking up losses of over £100m.
The skills required to raise so much money is remarkable, and I personally do not think that The Dear Leader (praise be his name) receives enough credit or remuneration to recognise the magnificent tax losses he has been building.
Sprott put their money where their mouth is... They provide upfront capital in exchange for smelter royalties. I take it as a BIG positive when a company can get financing from them; the comparison to death spiral financing is stark.
As such I will always listen closely to what they have to say even if I do not agree; the wider market is more likely to side with them.
With such a large PI base under water it becomes ripe for Death Spiral financing... ‘other finance’ could be an option as appetising as a bucket of sick.
Try some regression analysis on the flows announced by PPP - you will not be surprised to see that flows could be under 100 barrels a day by now. That is a very steep decline curve. As a fast learner I am sure calculus is well within your before breakfast learning time...
Tell the market you will need funds and have been approached by potential investors... those 'potential investors' must have suggested a ridiculous discount as todays RNS is likely to crash the share price and to soften up investors for a discounted placing.
Maybe they have been approached as a penny share and a drop of over 60% is warranted. After all, management need their wages and bonuses.
Despite the rampers best efforts you will note that (a) there is no cash element; (b) it is just an option & (c) that cash is still running perilously low.
Clearly you need to wait for a real expert like Adrian to return; as a newbie you will not know him yet, but he is a persistent poster who regularly opens new accounts to share his insights. I think he chooses to use new accounts as he does not want to influence other genuine investors who might rely on his wisdom.
He is another good YouTuber; I do not think he would sell a crooked car as safe; in fact, I think he would never sell a punter a crooked car, let alone a car he would not want a family member to be driven in.
Those people who can no longer justify £20k on a 2nd hand vehicle will be some of the people who are being squeezed by higher rents and remortgage costs. Not a good sign for house prices or anything that depends on disposable income.
If that is 'Market Maker games...' then something terrible is afoot as the MMs would only offer the trade if there was profit in it for them.
And that comes from an ex-trading Turf Accountant who used to lay crippled ponies which were rumoured to be good things. Never trust a good deal offered by a MM as the deal is only good for them, not their victims.