Member Info for nomlungu

"a traders gift right now."?

You might make a bad trader then - no trader in their right mind buys a share where the company has said that they need funds and that has a history of raising funds by selling shares at a discount to flippers.

£0.85 = 85 pence? There will soon be 13 billion shares in issue.

85p would make UKOG an £11 billion company; I don't think there has been support at that valuation other than in a Rampers dream.

"8month wait"

The share certificates must be getting dusty and covered in cobwebs?

Purely as a matter of balance, as the price dropped by 98% over a 3-year period [Sep 2017 - Sep 2020] a similar pattern would take the share price down to 0.0027p.

A million shares would then cost £27. Two can play the Postalot game.

Congratulations - thanks for sharing; post recommended.

I am not into Death Metal but this is still a crazy guitar:

https://designyoutrust.com/2021/02/musician-builds-guitar-out-of-his-dead-uncles-skeleton-uses-it-to-play-black-metal/

Excellent chart - thanks for sharing your hard work.

But, it shows the 98% decline in share price since June 2017 when actual production out of the ground instead of ramped figures started becoming evident.

Are you deramping the share you own to get a lower price to average down? Have you sold out to get back in cheaper or are you stubbornly holding in case there is a miracle?

https://www.visualcapitalist.com/how-much-copper-is-in-an-electric-vehicle/

Larger EVs require more copper...

I get that but when the centrist starts looking for support from the right of the opposing candidate who is even further right what happened to the left and middle.

From a mercenary British point of view it is good news - it speeds the disintegration / break down of European unity and probably attracts religious terrorists leaving the UK as a less appealing target. A harmonious trading relationship with a peaceful EU would be preferred, but that was never going to happen with Doris saying one thing and doing another.

Did not expect to read this

https://news.yahoo.com/macron-le-pen-battle-support-125729914.html

It is about 80 kilos of copper; many times the amount in a "normal" car.

bobbust,

How many weeks? Or are you just making things up?

White pollution & China

https://www.caixinglobal.com/2021-02-15/china-aims-to-go-as-big-in-bioplastics-as-it-did-in-solar-panels-101663654.html

Ozzy52,

In the Interim accounts UKOG report Revenue of £88k and Operating expenses of £819k. So they lost £9 per £1 in revenue. How does that become profit per barrel?

TrollHunter2,

What timeline are you expecting? A dictionary definition is "in or within a short time; before long; quickly".

So should we expect "actual news of success and new flow rates / production CPR reports etc...." in the next couple of weeks or are your statements just hot air ramping?

Profit? I thought UKOG has never made a profit. The last accounts (Interims RNS 30 June) showed cash burn was over £1m a month over that period. The cash burn is why people are expecting yet another placing.

The claim "I would hazard a guess that VAL over its 16 year period have issued over 300 RNSs and not one has put money on the table." is completely wrong.

You seem to have forgotten all the placings.

And Google shows 11p paid... But it takes a while for the volume to flow through.

I posted a couple of days ago that next week's listing of Cerrado Gold should see an increase in NAV of 20% due to the recognition of $1m in gains. My mistake - the $1m represents about 20% of the current m/cap as MAFL Is so badly undervalued.

It would not be much of a surprise if the lively start to the week continues as there will be some who will want to sell if the price rises on buying, so liquidity can be expected to improve at higher prices.

I said last week about my ramptastic company suggestion - getting blockchain into the JAM2MORO Mine. Wildcat Petroleum beat me to it - up 70% this morning. The market is not valuing cash of £500k (only company assets?) at £40m.

"As part of the Company's commercial strategy, it is also looking to deploy blockchain technology to acquired future assets in order improve efficiencies of oil and gas trading when completing transactions across multiple markets"

https://www.lse.co.uk/rns/WCAT/statement-re-appointment-of-michael-edelson-jyllssy5gjhugdf.html