Member Info for ShouldveSold

Penguins, points 1 to 5 have answered themselves.

You specifically asked me to quote the averaging down post, which I provided. To then ask me why I introduced it is blowing my mind lol.

I think if you let the people would made those comments, argue their own points, then a cross argument & misunderstanding would not take place.

Ninetails, nothing in your last post has anything to do with UKOG.

For the record, I am still waiting for someone to explain to me what I have said that has ruffled the feathers.

Penguins, I do find myself struggling to understand the points you are making. I think instead of making a point you just copy & paste.

I think what's happened here is people are cross arguing points made by others when the person who made the comment can argue for themselves. Its cute the way you guys stick together though :)

As my point has always been; what happens with UKOG with the Turkey licence will eventually happen. This board is here to provide a forum for people to debate the stock.

What I have said is it will take as long as it takes. I don't feel as though there will be news this year on Turkey, so instead of worrying about it. Stick the stock in the bottom drawer & wait it out. I have also suggested to trade some other stocks in the mean time.

The responses I received to that is that a few posters are very frustrated with being invested in UKOG.

My response to that is not understanding why those few people would continue to average down when it's evident that they have lost faith in the company.

To take that & turn that comment into ' not understanding averaging down' is an odd thing to say in my opinon.

Have a look on the Alba and CEG board for more classic posts from me ninetails that you can use to smite me. You might have to go back to 2020 though lol

:)

Would you say complete post is T-shirt worthy ninetails?

So, I have reached "Classic " status :D

Does that come with one of those red ribbons after my name?

Just so I can understand the furore; what exactly is it that I have said here in the past week penguins that you, ninetails or Rich are taking issue with?

Ninetails

Posts: 5,644

Price: 0.051

No Opinion

RE: 23rd may7 Aug 2023 18:10 contains the "averaging down" point first mentioned.

:)

I think its cool the way you guys do due dillengence on peoples names who aren't part of the furniture to ascertain any motives lol

Penguins, I find it difficult to make sense of this without going down a rabbit hoke, but here goes.

SCIR is not UKOG.. To argue that averaging down on one stock not making sense and comparing that with all different stock with very recently changed fundamentals is odd.

So averaging down on a stock one has lost faith in and averaging down on a stock one believes will pop up & create a new share pattern so one can reduce losses makes sense to me.

Your comment would suggest that Scir & UKOG are the same company with the same fundamentals lol

Also the averaging down point is continuing the debate ninetails is making. I will search for the comment. It was either ninetail, rich or zx that made the comment.

I have a friend who prints T-shirts ninetails, I think one that says " deflecting makes me nervous" would be great for you. You could also ask admin to enforce rules on commenting here about people delfecting.

The "there you go again" comment is a reoccurring thing with you. I do wonder what trauma lies behind that.

:(

Rich, what comment have I made that has given you the impression that I "rate sanderson as a ceo".

What would you like me to do about the way UKOG is run ninetails?

Would you find my comments more acceptable if I agree to feel exactly the same way your feel about SS & UKOG?

By the way I think its adorable the way you are standing up and defending the honor of LTH's investment decisions. Its warms my heart

:')

Appearing to not like facts lol

I'll leave worrying about things that I can't control to others ninetails.

Penguins, how UKOG is run or whether it follows market rules, I don't have any control over.

As I have previous mentioned; I don't know why anyone who feels this way about this stock would continue to buy to average down or hold.

I understand being underwater & locked in due to investing more money than one can afford to lose.

One of the many lessons I have learned over the years is rather than investing a lot of money into microcap stocks seeking a high risk hight reward multi bagger, its better to buy a well run ftse 100 divended paying company. Yes it's less risky & less fun but it protects you from becoming emotionally invested & incurring mega losses.

In my controversial rampish seller opinion; asking someone who doesn't work for UKOG' exactly what is going on with the company' is futile.

(Not saying that you did ask me what exactly is going on with the company, but it does read as though that is what you wrote. Apologies if I have misread)

I am sure that when there is market sensitive news, that UKOG will let the market know.

One could of course send the company an email or have a quick chin wag with the company secretary.

I get the impression that UKOG has put all operational activities on the back burner whilst the search for 9inch perf guns is resolved and that all legal matters have been prioritised.

If no more Turkey news is release this year, it might be an idea to trade something else for the next 3months, like Aviva & Centrica going into the colder months.

One of course not trade any other stocks & just complain about things one has no control over.

"I Wonder why all the rampers and the derampers gone vey quite now"

I find this amusing lol sometimes these chat board are more concerned with replying to controversial opinions rather than discussing what is actually going on with the company.

When there is company news, there is news. Until then, there are other painted walls to watch dry. Apologies to anyone who has found my amusement controversial.

Not quite rear view mirror stuff just yet AA. More of a along side view whilst passing at 5.5mph. Lol

As T.R said there may yet be a delay with the 3rd payment expected in January, so I will more than likely still have shares by then.

The way I see it is my investment is mostly lost so hanging on a few more months won't mean my losses will increase. If all 3 payments are received by January 2024, then it is actually possible for me to reduce my losses by upwards of 50%. So that is very appealing and makes financial sense to me.

I wish other lth holders did what I did and took the opportunity to average down in bite size pieces during the .25p months.

But anything can happen within the next 5 months. Scirocco might go rogue and ask Gneiss to arrange a £5.5M loan @ 20% interests so it can buy 2 Plants before receiving the Ruvuma sale funds & push the shareprice back down below .25p & I might be locked in forever here with you lol

AerialA to answer your question; I have no clue. I think price predicting just makes people look foolish. I certainly have scope for expectations of something higher than 1p. And receiving £5.5M by year end (which is £3M more than I was expecting) certainly raises that scope.But the market will set that.

At any moment Scirocco can ask a consultant to arrange a payday business loan & any value can be wiped out.

So maybe me selling all my holding in one go might not be best in managing loss mitigation and so I need to put some thought into reducing in blocks whilst retaining exposure to a best case scenario with Ruvuna milestone achievements.

Thanks cperkin.

Just listened to the Audio cast. Lots of information there, the things that stood for me were:

AF:

• saying one of the AD plant opportunities has been lost due to Scirocco having no funds

•the first thing Scirocco will do when it receives the initial Ruvuma sale funds is employ another director to liaise with Shareholders lol. Clearly T.R is fed up with us.

T.R:

it still has the business strategy envisaged by N.R which is to take shareholder money, invest it, wait until another company wants to buy that company. Sell, spend any monies made on fees & them come back to shareholders, raise , invest & repeat. So no money EVER gets returned to shareholders.

• T.R believes 3 payments will be received by January.

Tanzania has never done anything that quickly so I am skeptical. Certainly 2 payments is possible. I would of thought a 3rd payment wouldn't be payable until early 2025. This is a dangling carrot moment for me.

•so the APT loan has effectively provided a free carry facility during the sale.

• Scirocco needs to access capital to buy assets.

But if 3 payments would be received by January 2024, wouldnt that be all the capital needed?

•1 AD plant with all the bells and whistles can be valued at £7M.

Lol I haven't seen any evidence of that. The current plant isn't generating one tenth of that.

•blaming the shareholder revolt for costing the company money lol

•£500,000 for director wages & fees acrued since 2021.

▪︎if £5.5M is expected by year end and then a royalty stream to start in Q1. I don't understand why money is an issue. Scirocco will be flush with cash.

Seems to me like shareholders have now put a restriction on Scirocco spending money it doesn't have and the Board are now throwing a tantrum.

All I want is a business plan that shows the model works.

On the one had T.R is saying there are lots of backloged opportunities in the AD space but then contradicts that by saying if we have to wait before with have money to spend it, we lose the opportunity. Lol that sounds like good financial sense to me.

•Scirocco can't wait around for cash to acrue in the bank before it can spend it? LOOL WHAT????????? But that is sound business acumen.

To surmise, that presentation hasn't reassured me or reestablished confidence in Scirocco. In fact it's done the opposite.

But the one positive thing I have taken from this is the £5.5M that is pending.

Whether I wait for Q1 royal streams to kick in before I crystalize my losses, I am on the fence with. But getting sucked back into believing I will see a return is not something I want to do.