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A lot of people bought this on the rns either as a long term investment or to trade..Even those who bought it to trade,a large percentage of them will have paid 1.30 anyway..So its only back to its original fall level..Can see it settling around here for a while before moving higher as the week goes on..Personally I bought it at 1.10 and 1.18 but not to trade it,this one is staying as a long term investment..
Investors are waiting for further news here before the recovery can begin..The rns said a further update would be made when appropriate...So investors are keeping on the sidelines for that just in case anything else come to light..
it's difficult sometimes to just sit on your hands and wait it out..A few years ago I would have said I've had enough sold out and gone chasing something else,but a few years of then watching some of those stocks go through the roof has taught me different...
I can understand the low confidence here at times,lets be honest they don't have a great track record and the longer this goes on,the more cash gets burnt and we are getting to the stage were we need something to hang our hat on..There are some great posters on here,some of which I've chatted to elsewhere and whilst we don't agree on something ie Simon's performance etc etc,i do believe they are working towards getting this deal over the line in Brazil.Personally I think even they have underestimated the amount of time these wheels take to spin but it's time to sit on our hands and play this game out...
The AIM market is in a bit of a meltdown at the minute all over,lots losing big chunks,great rns not seeing the value they should, so maybe a few more weeks wait would prove to be a advantage...
That big trade was a transfer of shares not a dump onto the market ..Now why would our biggest shareholder do that with a relatively small transaction (for his holding) That actually gives me optimism that it was done for a reason..
What followed was nervous pi's panicking out without fully realising it...That's it in a nutshell..I've added more today,not wanting to look a gift horse in the mouth...
Yes we all felt that after Friday and Mondays price and volume surge we were finally on the cusp of this deal and we've been left flat that we've heard nothing and all those gains have been sold into and we are back were we started...
However one or two things to note..Todays big seller is a trader who jumps in and out of this stock on a regular basis..He pumps it like mad on twitter when he hold and the next day he deramps it just as hard normally about 15 minutes after he's sold it,he's done it a few times now..Doesn't take a rocket scientist to work out why he does that...
These deals are complicated politically things and boy can they drag on but in my opinion we are as close as weve ever been and panic selling on sentiment and disappointment is a recipe for disaster..I realise that the company's comms are absolutely terrible and if I'm honest I wouldn't pay Simon in brass washers for the PR performance he has put in so far..However the story remains the same..
Although he certainly cant comment on it,i still get the impression from insiders like Seadog that confidence is still high that things are still progressing so sometimes you have to see past the days emotion and remember why you invested in the first place...I appreciate that isn't easy and patience isn't endless but that sometimes is the difference between profit and failure...
Whichever board you are on there are always those who post whatever is relevant to there position whether good or bad but they are pretty easy to spot...
I don't think NUOG will be in any great confusion about shareholders feelings..They are quite lucky that they have a higher proportion of long term holders with decent holdings who are prepared to see this out..If this would be a ukog type stock were the shareholder are all short term rainbow chasers who buy and sell whichever way the wind blows then this would be really volatile..Classic example of that is ANGS and a few others announced that they are losing a small license on the weald today at 7am..UKOG had 40%of that, any shareholder worth his salt who researched it knew it..Yet when they did announce the same 3 hours after everybody else it dropped 7%..They should have already known...
That said NUOG really don't do themselves any favours at all...The diary Simon did was good posting everyday about his trip to GH..Then nothing disappeared off the face of the earth apart from a very poor podcast that my 10 year old son could have made a better job off..It's quite a while now since the crazy "short order" comment and we are none the wiser about anything really...They could do with getting a grip of there investor relation at times and everybody would be better for it..However you can say that about every AIM company...
Reality is we are were we are back trading in the range waiting for that carrot to drop,weve all done our research,weve all decided to see this through to a hopefully great conclusion and we are in there hands..
Thanks for explaining mate fully appreciate it...I just wondered as obviously you are now closed off from buying or selling this stock so obviously you deserve some information that the normal pi isn't privy to else you are at a great disadvantage..So even as a insider you are just given the basics of were they are at on a periodic basis as and when they want to discuss it...
As for the sentiment,i would think they are fully aware of that,they will check these boards no doubt and get a guage of that for themselves..In some ways not replying to you this week can be taken as a positive that the situation has got to the market sensitive stage that they cant talk..We can but hope...
For the humble pi,it looks like the excitement was the traders taking advantage knowing we are waiting for news and getting in a p&d while we wait...
However a quick question,and please don't take this the wrong way as it is a honest question as I don't quite understand as I have limited knowledge on this inside thing and learning is earning in this game..
You have been taken inside by NUOG so cant comment on specifics I fully appreciate but whats the point of that if they don't return your calls or e-mails surely your inside or not..You and LT have been fully supportive of this stock but surely if your not fully inside it would have been in everybody's interests to leave thing as they were,it seems you are getting the raw deal out of this arrangement..???
I do suspect fundraising is coming now..Lets all be 100% honest..When a share price has come under a lot of pressure and fallen sharply in a short term,followed by the announcement of a new broker/nomad the normal thing that follows next is a fund raising announcement...That the new broker has already been working on in the background..Those of us who have been in stocks for a long time have seen it many times..
That said, if it is,so be it..We get it out the way and its the beginning of a very exciting time now on the weald,in fact in some ways I hope it is fundraising as daft as that sounds..
Post of the day Sir...I've thought exactly the same..These test procedure lists are really complicated things..The timings between tankers mean absolutely nothing..I've read posts from people on all the social media platforms who were selling out using the expert knowledge that we haven't seen a tanker for a few days so flowrates had to be disappointing...I mean really?? I used to reply to posts like that bit now I cant be bothered because they are obviously have no knowledge of what they speak...
Everything is proceeding to the plan that they have set,you can sit outside the site gates all you want but you will have no more idea than sat here behind a computer..Like any other oil stock in situations like this you've taken your position and now you just have to sit it out...
I think this is the third or fourth time that out of nowhere buying increases and it goes around 1.07-09 on the ask,but then falls back..
For me it's only when it pops through that will I start to believe something has legs to be imminent rather than trading swings..i'm sure it will happen at some point..
Firstly what we are seeing here is solely down to the dilution we have had to suffer that was necessary to advance the project.The first time around there wasn't the float for the traders to mess around with..
At the minute with the amount of stock available,there just isn't enough sticky fingers and we are being controlled by the traders not the shorters.They don't care about the company or the longer term aims..They got there cheap entry point under 2p and now are taking there 20-30% profit...
Lets not forget that it's the Kimmeridge layer that will make or break this stock and that's still weeks away from giving up it's secrets...I know a lot of you were expecting a big rise at the first sign of a tanker but the sooner you all realise that the big news is yet to come and sit back and relax,the happier you will be....Unless of course you are trading like ifonly1 seems to be were if you don't get massive profits within a couple of weeks then you throw your toys out the pram...
I've been watching the comments on here on Lenigas and I can understand everyones point of view really..Firstly theres those who haven't been involved or held any of his previous companies,they love him,a quick tweet and the price goes up so they love him and I can understand that...
Then theres those,me included who have owned his stocks before and been really royally shafted by him,and when I say shafted I dont mean oil explorers who fail because the drill misses,i mean properly shafted.!!! It's a mystery to a lot of investors how he's got away with it tbh but a lot of people wont touch anything he's involved in..
That said his latest rampings whether true or not have helped negate losses he's caused me elsewhere with bad management...personally if DL told me it was Monday I would presume it was Tuesday and wouldn't make any investment decision based on anything he said..He has serious form for Ramping on Social media and doing the exact opposite in reality..
Actually Andy I disagree with that..The thing is wether you like bmd or not is immaterial sometimes..When he posts something positive about a stock if you are quick enough you can make easy money on a trade..He has many people who listen to what he says and a good tweet can add 20% to a stock price in a hour..As we saw here...
That can be good for a stock as well because people like me who did just that make quick easy money doing just that,take out there original stake and leave the profit in for the long term...
Whilst I research most of my buys for hours,there are sometimes occasions like this when you have to buy first and research later to take advantage of the momentum...
Depends how you look at it..I've sold some today at .029..I just like been in a position were I take my stake out and have free carry's..Then if as is often the case it turns out to be unfounded then retrace doesn't hurt so much and I'm happy to leave them long term...And if it does go to the moon I've still got skin in the game..
They are widening the spread to try and hold it....
it's still peanuts though..We haven't seen anything yet
'm not going to knock you for that..Profit is profit,it's a stategy I use myself..I could have done that yesterday and I was tempted but somehow I ended up adding instead...lol