Member Info for ocelot

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They know the gold is there and they know it is high grade.

They know where to find it, in quartz veins.

So far, underground drilling, surface drilling and trenching have all found quartz veins.

You don't mention the possibility of a museum if you're not confident of finding gold.

balancedviewer,

All who are invested in ANGS hope the market will begin to recognise the value in ANGS soon.

We are up to the volume figure for yesterday's whole session, so the market has livened up today.

Would like to see the warrants exercisable at 1.20p exercised, insofar as their holders wish to exercise them quite quickly.

The remaining warrants are each half of the numbers at 1.20p.

Agreed about 0.80p being the previous, well-established support level.

Purely as a matter of curiosity, a similar share price movement to that of 2017 would take the share price from 0.135p to 1.85p.

Preferred the earlier movement from 0.80p to 11p, agreed.

Lots of strenuous activity in the Weald basin and South-East Turkey may help!

I take encouragement from the fact that someone who thinks of UKOG as a "dog" still thinks it is possible to see the share price back up to say 0.60p.

Given the current price of 0.14p, that makes UKOG more than a 3-bagger.

I consider cwebb07's 0.60p price to be entirely feasible.

volume of Aquis good again: 41.0m v 31.7m on AIM.

Could come at any time, GL doesn't wait for 7am if he has something to communicate during the session.

20m trade at 0.135p.

Still opportunity at SSP, says Shore Capital

Food-on-the-go company SSP (SSP) is trading ‘far below’ its historic range and even though an equity raise would be dilutive, it will bring opportunities, says Shore Capital.

Analyst Greg Johnson retained his ‘buy’ recommendation and a ‘fair value’ target price of 400p on the owner of Upper Crust and Ritazza coffee outlets. The shares dropped nearly 12% on Thursday, before staging something of a recovery on Friday, closing up 6.7%, or 19p, at 299p.

Johnson said there was ‘downside risk from near-term continued travel restrictions and longer-term upside opportunities from accelerated margin and market share gains’.

‘We continue to believe in the long-term structural growth opportunities, margin accretion and cash generation post recovery,’ he said.

‘Although dilutive, an equity raise if done, brings forward these structural and cash opportunities.’

Any future oil production is therefore expected to be economically robust at current $40/bbl oil prices as front end capital costs per barrel are relatively low and expected operating costs, derived from those at AME's nearby East Sadak field, are forecast to be comparable with UKOG's Horse Hill field operating costs at around $15/bbl. An equivalent production stream in Turkey will therefore pay back far quicker than in the UK. (RNS of 23/07/20)

Deduct operating costs of $15 from the price of Brent for the operating margin, indicated as $25 in the above RNS.

At this level, the prospective operating margin in Turkey has increased by 94% since the original July RNS.

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Accustomed to time-slippages, so can't say I'm concerned for the present.

Let's see what the coming days bring.

No thank you, dry wells are all part of oil exploration, of which every investor is fully aware.