RE: Ujo Wressle Update27 Oct 2021 10:53
PR is good, but looking at what happens to a share price when it attracts a lot of attention from market abusers, can be very unwelcome. UJOs share price is down after this mornings RNS. The RNS provided the opportunity for a few traders to sell at a small profit, and the bulletin board is overwhelmed by bitterness and misinformation. UJO has become a magnet for all sorts of unpleasant individuals. I used to post on it years ago when it was quite quiet like this one. The share price would bob up and down with newsflow, and a small community of shareholders would chat. Isn't that what these bulletin boards were designed to be? But then certain people saw UJO as a target to scam shareholders. We all know who those people are.
I have felt in the past, as you suggested, that twitter can be good if it's the right people tweeting. It was the right people the last time, but most of those investors seem to have moved on.
All in all I'd rather the share price move on news, not at the whim of a market abuser who has turned EOG into another UJO. Being noticed by the masses tends to drive the share price down, from my own experience. So I like limited PR. Fortunately with Morocco and Inishkea we have opportunities that could have an immediate impact, not slow burners, so PR in my opinion isn't so important.