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I as most here do refer to the Canadian buyer as Canaccord. lets not forget that they are acting on behalf of " DISCRETIONARY CLIENTS " We have no idea if that is two, three, or fifty two, people or business's.
Note that they crossed the threshold on 1st May notified UKOG on 4th who disclosed it on 5th. They are in no hurry to disclose their hand.
I believe they are buyers and not for a miniscule profit per share, but for a controlling interest of UKOG.
Interesting information on the new pump for hh1.
https://www.unicous.com/sites/default/files/user_files/Applications/Oil_Newsletters/8800(022)%20solutions.pdf
Hope now that the shares have hit the market officially, Canaccord can now present a TR1 .
Certainly they are under 5% if they haven't bought any.
My assumption is they have bought so many ( forward sold) a TR1 with Sky is the limit on it, will be issued. from Now til Friday we should see at least One.
LSE just about to crash . I'm off to work.
Personally I thought £1.6M was far too much for the 2nd hand surface equipment at Horsehill, of course we had that clown Sanderson negotiate it.
"Anything can happen in the world of AIM.." Sanderson will actually open his mouth and tell us something. Doubt it before Friday.
I expect any direction we get this coming week will be from a TR1
A person ( Canaccord) notifies the issuer of its shares it holds UKOG with a TR1 UKOG then issue a RNS to the market.
A person or company residing in the UK have a 3%+1 notification and those outside the UK are 5% + 5%
my interpretation.
ATB.
Don't think so ocelot. You are then saying every other country in the world is 5% while we alone are 3% + 1
Canaccord are a non UK issuer of a TR1
Aperson must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares
https://www.handbook.fca.org.uk/handbook/DTR/5/1.html
A Billion shares bought up in a couple of days shows exceptional demand for these shares, No Big buyer wants to spook the market and end up buying at a higher price. just match the buys and sells.
Similar to the 0.8p rise to 10p So probably reach 3p when it takes off Soon.
Thought all the scum bags at YA would be down the pub celebrating, but they must have left one person back to keep the sells going. Well ! if that's what it takes to see the back of them. I'll put up with it for another day.
My celebrating will begin tomorrow. :)
Sanderson has destroyed the company by 90% all due to buying 35% of horsehill. Thats it. the guys a Dork. ( Dell boy )
YA Soon be out, then down the pub celebrating with their 175,000 bonus How they took Sanderson for a right Mug.
Bought 500000 UKOG - UK OIL GAS PLC ORD GBP0.0001 at a price of 0.2029p
not a sell.
and I can buy at 0.02 now. it's a mad house this morning.
YA have a few to dump. they got at or to get at 0.19 then we will move forward.
I wondered how Sanderson was going to give his Canaccord friends a leg up well over 10% without the SP rising in line with their purchase up to and around 25% like the last lot via WH Ireland.
Well ! That's what Iv'e read .
However, SP should rise on this news.
The planned works of the last RNS of hh seems to have changed.
gla.
Once Sanderson's dilution gets us to 9 Bn shares Cannacord's holding will be less than 5% and they will have to give a TR1
If they haven't bought any more.
Guess it won't be long. this month , one way or another TR1.
They're buying.
morefondle. it's been a month since the TR1 they were just over 5.4 % they would only have to sell 25M for a TR1 showing they were selling. They are not selling. They could have sold that much in one good day.
They're Buying.
Before the month of June is out. I believe there will be that Canaccord TR1 with over 10%