Member Info for ocelot

Misunderstood what you were saying, apologies.

Angus doesn't want to have anything to do with fracking.

Investing with Canaccord Genuity Wealth Management gives you access to a broad range of wealth management solutions.

We have successfully grown our business and reputation over the years. Now, in the UK and Europe our investment professionals manage and administer £28.1bn (as at 31 December 2019) of assets.

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Neither do I.
It's not Canaccord taking a punt for their own account, it's Canaccord buying through Hargreave Hale Ltd, wealth managers, on behalf of their discretionary clients.

UKOG is a UK-issuer.

Riverfort can't sell before informing the company of their intention to sell, so that was more likely to be Tellurian (imho).

Think they sold 14m on Thursday and 15% of yesterday's volume would be another, say, 16m, so about 30m sold so far (imho).

UKOG is a very liquid stock. If we adjust for some late-reported trades, then volume on the day of the last placing was close to 1bn shares.

It takes little imagination to realise what could happen to the share price should UKOG announce some good news.

We seem to be missing our favourite deramper, too - I have him filtered, but he is 1 of just 2 posters I filter on this board, so I have a pretty good idea when he posts.

The market absorbed the sell and moved up - good news!

10m at 0.21p

Are we to conclude that Riverfort's overhang is 23.4% less than we thought?

Time will tell.

They've set a precedent by part-repaying the loan in cash this time: it'll be interesting to see what happens the next time.

They've set a precedent by part-repaying the loan in cash time: it'll be interesting to see what happens the next time.

Canaccord is UKOG's one significant institutional holder.

Who knows? Perhaps it was Canaccord who suggested to the company that a part-repayment of the loan in cash be made?

If it only goes down, then sell.

Volume is nothing to write home about, but there seems to be a lack of sellers, because the share price is rising.

The cost reductions RNS was dated 28/04.
The coronavirus has impacted operations at HH.

On the basis of their 18/19 figures and assuming their margin is about $20 (so, say, $32 for Brent with operating costs of $12), I reckoned they need about 800 bopd to break even at the operating level.

Mirasol thought I was being overly pessimistic.

that would be about $14m of revenues at $32 for Brent, at which level they would be in very healthy profit.