RE: Pre Market 1m buy22 Jan 2020 18:56
The placing was 159m and a secondary issued of 114m to rkh
9m was BOD if I remember, so at max 150M possible flippers
When 6th original date appeared, some forward selling started
just prior to Christmas, then when leaked news came out from
operator Borg on ASH2, started to get a lot of cancelled trades
dropping in.
Probably a lot more of the original placing participants now
stickier, the usual house holders, never care what a share will
or will not do in the future, they will cash in and leave, still
making good profit at current prices from 3p placing
Once they are clear, uog should rocket, as way undervalued in
comparison to peer's, with a lot less and much higher market
capitals
News flow on new well spud in Egypt, Crown/NS asset sales
imminent and who knows with this ambitious BOD, who set
this ship sailing originally on Main Market, news from left
field also a possibility.
Later we have increased revenues, from both Egypt and Italy
to look forward to, so momentum, to clear any overhang in
fairly short order, should not be a problem.