RE: Sp tomorrow12 Dec 2018 18:44
If Ukog consolidated at 14-1 to have the same number shares on the market as Angus, they would be in the region of 20p without a production license. I don't believe that having more acreage makes any difference, as when he buys up more the SP is more likely to go down. When the Gatwick gusher first reported the shares went to around 3p - 3.5p now with twice the number of shares it runs at half that, why, because what is being proved just now is 2 year old news, it's just the same as it was 2 years ago.
What I'm basically says is, both companies are very similar that So we should be at 20p before we go into production.
Production is the key, nothing else really matters. ( except oil in the hole) 20p should be our new minimum.
I suppose I could have written that better, but, pretty excited with todays rise.
atb