Member Info for ocelot

Let's first see if the GM provides management with the necessary 75% in favour of the 2 special resolutions.

There is then the remaining balance of approx £660k due to RiverFort/YA (RNS of 23/01/24) to be sorted.

$2,082.73 now.

AimDogs,

The only director on a significant salary is SS.

It would certainly be a gesture appreciated by PIs if SS was to reduce his salary or, at least, reduce the fixed element and build in a variable element related to the share price performance.

11am, the deadline for receipt of proxies, has now passed: the die is cast for the GM.

Yesterday, $2,050 was being described as a resistance level: we're through it this morning:

https://www.kitco.com/price/precious-metals/gold

To round off my post of 10:12:

in the long term, believe Portland is looking very promising: "The Company is also in discussion with several significant potential international investors with regard to their participation in the Company's hydrogen storage project" (the capital reorganisation RNS of 01/02)

Of their 4 principal projects, it is Loxley where I believe they need to find a partner for a significant percentage without further ado.

"An Informed Investor will look at the KII ...". I haven't understood.

In the very short term, think the share has been caught up in a downward spiral and has overshot.

In the short/medium term, believe management need to focus on cash generation (HH, Turkey) but an appropriate strategy requires the Supreme court to deliver its judgement.

NibblePibbley,

"Informed investors" can't be informed of the effects of the GM resolutions until after the GM and any subsequent follow-up. Hence, at the present time, one can only speak in hypothetical terms.

Bumdebum,

"Oceclot must be on a decent commission to continue to post such clearly desperate messages......."

Can you be more specific, please? Is there anything in my post of 09:01 with which you disagree?

1:10 (in answer to Ongold's post of 07:34).

The GM resolutions will enable UKOG to raise more funds from the market but, fundamentally, change very little.

For a company reliant upon the market for funds, what matters is its market cap and, in theory, by itself, the GM will make no difference to the market cap.

Imho, it needs the Supreme court to deliver its judgement in the Finch v Surrey CC case. Only then will management be in possession of the necessary information to finalise a strategy.

+ 10% of Horndean (not massive either, but produces more than HH).

There's a difference between a prediction and a negotiated price.

Bubblepoint,

2025 prices may be pointless to you but they aren't to those doing the deals, otherwise they wouldn't do them.

If, with all the necessary provisos, we accept lse's figure for sales today, they totalled £9.84k, ie in reality, they have just about dried up.

If less than £40k of trades can put more than 18% on the share price, what effect would, say, £100k of trades have on the share price?

"... the value of ALL the trades today is UNDER £40k, says it all !!!"

Yes, including the fact that it would take very little real money to move the share price in one direction or another.

Adjective

believing something that is not true.

Not applicable: I wrote of a hypothesis, not of a belief.

+18.11%

If they could just release some positive news, re Portland, re Loxley, then the price is nicely poised.

121m+ at 0.0079p