Member Info for ocelot

I suspect a good number of the trolls have no stake in UKOG.

Consequently, they are free to express their views but lack the financial muscle to have any impact on the share price.

There are times when there is absolutely no point in trying to fight the market.

If the market has come to the conclusion that UKOG's share price is seriously undervalued, then the re-rating will take place, no matter what anybody posts on this board.

Think, too, that the share price fully discounts the negatives, leaving it free to respond to any positives.

Forgot to shift my opinion from "buy" to "strong buy" when the 200-day moving average was broken, will do so now.

Not concerned by the prospect of a placing: in current circumstances, think it will be well-received.

Think the trolls themselves may be in part responsible for UKOG's resurgence.

By constantly focusing on the negatives, they seem to have ensured that the negatives were fully discounted in the share price.

Consequently, the share price was primed to rise on any positive developments (permission to drill from the Turkish authorities, cash from investors in 88 Energy, cash from wealthy Turkish investors, ...).

close on Tuesday, 06/04: 0.15p
high on Friday, 09/04: 0.4775p
ie, x 3.18 within 3 days.

There may be a long way to go but we know from the past and from recent trading that UKOG can go a long way in a very short space of time.

Or it could open flat.

.

UKOG has arisen from its slumber in spectacular fashion.

Personally, I think the last few days constitute a definitive break with its share price performance of the last very many months.

Having broken through the 200-day moving average (of 0.167p at the time) for the first time in 17 months, it is now heading upwards.

How high will it go? Zak Mir suggested 0.90p as a target by the end of next month. I think he may well be right.

FWIW, this barchart page shows how UKOG's recent performance is having a positive impact on its technical indicators: from a 100% sell last month, UKOG has shifted to an 8% buy yesterday and to a 24% buy today:

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

Yes, we await a placing at some stage (nobody knows UKOG's cash position, so nobody can know precisely when), but, in present circumstances, it is likely to be well-received and, indeed, may even be oversubscribed.

Given that nobody foresaw the phenomenal volume of the last 2 days, it follows that nobody can predict what happens next.

We can all express our opinions, but nobody is in a position to predict with any great credibility.

The truth is that nobody, from either the ramping or the deramping camp, foresaw the phenomenal volume seen in UKOG shares these last 2 days.

Conclusion: nobody knows it all, market forces can surprise even the most knowledgeable participants in the market.

Scoobyscraggles,

Not a trader myself, so don't really think in terms of a week.

For the medium term, agree with Zak Mir's target price of 0.90p or thereabouts.

Think we can celebrate the fact that UKOG is well and truly back on investors' radars.

72% of the company's capital has changed hands in the last 2 days - phenomenal volume.

Better volume on AIM today: 45.3m so far.

95.2% of issued capital has changed hands during today and the previous 5 sessions.

volume 3.445bn per advn.

Spectacular (just not quite as spectacular as yesterday!).

The spread-better is exposed to significant risk, they look to hedge that.

The spread-better needs to cover their risk.

Looks like a punt on the Saltfleetby debt facility, to my eyes.