Let’s see how far they let this go. First time we’ve been trading above the 200ma hour since August 2019. Briefly. Then it tanked. If it breaks .26p and stays above its change of trend. Looking better by the day.
RE: Massive Oversupply of UKOG shares19 May 2020 14:46
Bmw Canaccord are more likely adding. We would have had a tr1 below 5% by now. As for the rest selling that’s all good. Someone is sweeping them up. We will soon know who has joined us. Your Wanting this to equal ujo price then jump over to here isn’t going to happen. If this is of no interest to you why do you spend 12-16 hours a day on here?
No trade down here the mms will have to move it up if they want to trade. This just needs to clear the 200ma 15 mins @.2250p then off it goes.
We would have had a tr1 by now if canaccord were selling surely. It would be under the 5%. So it looks like they could be adding as someone is sweeping up these sells. Ukog bought back 23.5% of the last placement with cash. Positive move. Something’s brewing a corner may have been turned.
It’s easy because he wants to be in ukog at a lower price to off set his holding in ujo at .30p knowing this is going to multi bag. He’s running out of time and now spending 12-16 hours a day running the price down nearer ujo so he can sell up there and swap into here to regain his losses when this lifts. Ujo will be years before it repays his loss.
Someone is definitely sweeping these shares up building a position in the background. The last few weeks they’ve been swept up then bang tr1. I think there’s another coming or the Canadians are still buying. All good. It’s a sit and watch situation. Brents lifting - our costs are falling - profit increasing. What’s not to like.