So why would it drop to 1p all of sudden? If the upward trend continues and is based on good RNS's that show true value, i.e a product that is viable and worth something. It wouldn't drop to 1p?
I heard on other boards that these smaller trades are just the MM balancing their books. No follow-up questions please lol
120 metres at 10 grams of GOLD per tonne.
Nothing else matters
So happy with the rise, but I am being cautious. The MM's games are not over yet. Look at what they did to us on the first set of scally results . They could easily do it again, I am not trying to be negative nelly just 'once bitten twice shy'
Lets keep our heads and be cautiously optimistic
But to those of us that held on through the recent dark days, Congratulations! Boom time! lol
Gla
I did indeed, but then stupidly bought back in. UKOG was my first venture into the stock market so I made various buys at various prices on the way down from 7.5p. I put most of it in ggp and did pretty well. I bought back 10000 ukog purely for sentimental reasons.
Maybe it will recover to a penny, I hope it does, but with 12.2 billion shares in issue and placing coming, I, like others am just being pragmatic.
Good luck to all
I'm in at 4p, will I ever see that price again? Nope, I also know a few who got at 1p 2p etc, this is no phenoix from the flames. UKOG is still dead, the paramedics are just using the defibrillator before it goes into the light.
It's being shorted by Blackrock, our MM. They did the same with Solg, it went from 38p to 10p and only had positive news flow.
The pattern is exactly the same, even down to the chart patterns. I challenge everyone on this board to go look at solg historic charts, you will see the exact same head and shoulders pattern in both GGP and solg. Solg then drops to 10p over a period of a few months. It's a carbon copy of what's going on here.
The sp WILL recover in the long term, but it'll be too late for the sentiment, let's be pragmatic, that's gone
There's no great conspiracy, it's being shorted. plan and simple
We know why the share price has dropped 50%, it's because it's being shorted.
If it looks like a short, smells like a short and acts like a short, then it's a short.
MM 's are using all the tactics they know, spoofing ,short selling etc. The best move from SD now would be to announce he's taking GGP off AIM and on to the main market.
This is a mugs game, I 'm absolutely gutted at what this crooks have done to my beloved GGP, I 've been invested here since 2017 and i've made good profits, but I am done with this rigged game.
Look at Solg, same pattern. Huge rise, sentiment was with it. Then Blackrock and others took hold and it was shorted down to 10p, Solg even has the same head and shoulders pattern as us in their historical chart.
I hate to say it and I hope I'm wrong, but the MM's aren't done with us yet, and things could get a lot worse before they better.
I would give it a few months , ride the roller coaster and hopefully we'll be back to 25p by June. Unfortunately I feel the sentiment has been completely destroyed by the crooked city boys
It's a good RNS, but this part is the reason for the drop:
Additionally, the Company's wholly owned subsidiary GS Fintech Ltd, in UK, intends to shortly file an application with the Financial Conduct Authority ("FCA") to be granted an Authorised Payment Institution ("API") licence.
I think most thought that that had already been applied for and we were awaiting on the outcome. This reads to me, as we haven't done yet but it's on our to do list.
To me, this is still a very strong buy, but the market ALWAYS punishes delays
GLA
How is it counter productive? We all know that the sp should be miles higher, so what other emotional other than bewilderment to you wish us to convey. Personally I am not bewildered by it, I am ******* livid, it's robbery, plain and simple! and you'd better believe MM's exist, how could you be so naive.
I am very suspicious of post like this and posters like this. It's almost like this person is saying it is what it is, suck it up and accept it. What motive would they have to say this?
I for one will not accept it. it's an ******* con, and if more people did something about it then these fcukers wouldn't get away with it
Completely agree, I can feel it in my bones! Look at the trades, someone definitely took a position this morning.
Big moves could come in an instance.
There is so much potential on this one
Don't need to say anymore than what's above really!
Burpen burgers de risked note is 66p and they are notoriously cautious!
I understand now, thanks candlestick and Gordon
Good luck with your investments
Not to split hairs, but the orginal question was about oex trading times.
So what time do oex trades start on the asx?
The Australian Securities Exchange (ASX) opens at 12am and closes at 6am (UK time), Monday to Friday. IG's trading hours are much longer – with us, you can trade the Australia 200 between 11pm on Sunday and 10pm on Friday (UK time).21 May 2020
Googled it mate, happy to be corrected, but I checked to see if it was Trading at 2300 and 2330 and nothing was happening.
12am uk time
115% rise! I need to get my share certificates out of the bottom draw then!