Member Info for Peterashbeck

SS does indeed need to focus on HH. However that should not stop UKOG appealing.

We are still less than a third of the price we are at before covid his western Europe. There is certainly a significant recovery to come here.

Please can we hold back on the personal insults? people on these boards should be able to disagree with each other without being insulting.

As I said Dryboy1 I do believe you, as there is no reason to lie about such things and your explanation makes total sense. My point was more about not believing private stories on these boards in general.

have a nice weekend.

Also, he could have phoned them up.

Normally exactly now would be beer O'cloock, but with the pubs still closed that will have to wait until next week. Have a nice weekend everybody.

Any number of reasons ranging from the fact that he was lucky that someone responded to him when they had time right through to the fact that he is making it up (no offence meant).

You cannot rely on "private" information that is posted on these boards. It may be true and it may be not but you cannot make investment decisions based upon it.

Dryboy - absolutely no offence meant, I have no doubt your information is true I am just making a general point.

I have no time for SS but he will definitely appeal this.

Sorry - should have read:

From a quick look page 16 of the annual report http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-2018-annual-report-final.pdf it would appear that Ritson used to get £171k, Strang £57k and Maling £240k.

The new guys are a littl emore difficult to work out as they have not served a full term but Fitzpatrick pro-ratas out to about £220k and Ferguson about £45k, though I would be surprised if this does not go up.

The salaries are not unreasonable compared to their small cap peers to be honest.

The options are also being granted in lieu of salary which seems more than fair IMO.

From a quick look page 16 of the annual report http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-2018-annual-report-final.pdf it would appear that Ritson used to get £171k, Strang £57k and Maling £240k.

The new guys are a littl emore difficult to work out as they have not served a full term but Fitzpatrick pro-ratas out to about £220k and Ferguson about £45k, though I would be surprised if this does not go up.

The salaries are not unreasonable compared to their small cap peers to be honest.

The wages seem perfectly

Ricksan - yes you have correctly understood how options work in your first paragraph. As for why directors get free shares and options, one is essentially as an immediate payment and the other is as a bonus. The options always have a time limit on them so an ex-director cannot still have a claim on a big chunk of company equity whereas a current one will be able to renew them each time they run out.

For a good example of how a director runs options for their own benefit look at Stephen Sanderson the CEO of UKOG. He has never bought a single share in his own company yet he awards himself 25 million options each year as the previous 25 million run out so that if things go well he can never lost out. HTH

To make big money out of these small cap stocks you have to be prepared to hold for a long time but at the same time also keep an eye on them and be prepared to sell out immediately should things go wrong. Patience and attention is key.

There is always going to be profit taking after a run to nearly 100% share price increase in a month. This is a good time to trade some of your non-core holding and see if you can increase the pot IMO.

The only thing more reliable than someone on Twitter giving an investment opportunity is if it written on the wall above a urinal in a dodgy pub. With the pubs closed at the moment I realise that we all have to rely on Twitter but come tomorrow the real expert advice will be back again.

Just thought I'd lighten the mood!

I agree, good mid-term bet. If you are holding on for £3 though I thoroughly recommend that you take out your intiial investment when you can though - that way you are playing with house money.

Looks like we had a double bottom here between March 23rd and June 30th so I would expect things to go up from here. I'm slightly irritated to have missed the initial rise over the last few days but looking at the charts there still seems like there is plenty of legs in this one yet.

It's nice to finally have a report when MKS is doing ok, even if it just relative to others.

Yes, once the overhang has gone 3p will break and be held and then it is clear sky to move on up. There are many advantages to selling in paper but the overhang is unfortunately one of the disadvantages.

Once a shell has been taken over all of the old board are just marking time until they move on.

This may or may not be a good long term investment but to make short term money you have to go with the sentiment whatever your long term feelings about the share are. In this game giant piles of horse manure can be inflated to great heights and good companies prospects can be ground into the dirt.

In the long term solid fundamentals always play out but in the short term you have to swim with the tide and not against it.