No problem with traders and/or trading. As Mirasol, it makes up under 5% of my whole portfolio. Most of my investments are long term, slow, steady, and reliable.
I only got into UKOG originally to experiment with 'trading' (very loosely). It amuses me that when I mentioned it here back then, I was universally derided. I never tried to mislead anyone, just gave some visibility to what I had done, how successful I'd been, and how quickly. If I thought the SP would go up, I'd say so. If I thought it was more likely to fall, I'd say that.
Two years ago I made a lot from trading (mainly UKOG). I was banking half my profits and re-investing the rest (I split half to hold and half to carry on trading). Now, by hopeless mismanagement, there are few opportunities to trade and limited (if any at all) future possibilities for the long term here. It pains me to see newcomers to this board instilled with confidence from, essentially, confidence tricksters.
There's so much garbage here that it doesn't even contribute to the over 'feel' of the share, just muddies the waters. I've even had to start using my filter, just to reduce the amount I'm wading through. Those users won't mind and they have nothing of any use to offer me, so I'm just taking back some of my day. Ashamed for the newb's who get sucked in by it.
10p "As we know the de rampers have been proved to lie all holders understand this so ignore as we see Ukog building quite nicely and daily rises of 3 or 4% will do just great. Have a great weekend holders I know I will. Ukog United"
ROFL! Pure and utter trolling rubbish. No truth, belief, or substance. Posted (as usual) to provoke a reaction only. Most entertaining. :D
Onshore and offshore is a thorn in the sides of officialdom. But high fossil demand will be a reality for at least another decade, and probably two. I'd hope it would be less after that, but that depends on us controlling our birthrate. Personally I feel that they'd rather 'fracking' went away, and that natural extraction (as UKOG promote) was more widespread.
Anticipation of second SCC vote over Loxley. I think it's 60/40 to go the same way as the first one, with a very slight chance there might be a reversal. UKOG will still have to appeal and, at that point, I believe it's more likely to be turned over. :)
James, Im overall pessimistic but I think there will be a small rise on the run up to Loxley II. Even if it's granted though, I see it falling back after the vote. If it's positive, it may rise again after some months. If it's negative, straight down to 0.12p - 0.15p. Remembering we're anticipating more share downgrades to raise capital for Turkey and fend off the wolves at Horsehill. Wish I could be more positive but the board give no news and, with UKOG, no news is NOT good news. :)
Oil, they've been listening to such prophecies for two years and had to watch the SP fall all the while. There's nothing new that's going to change that. The main reason for that is because of the board's refusal to keep markets and backers informed. About pretty much anything. Institutional investors have nothing to get their teeth into, other than risk, and they are what will push the price back up with any hope of perseverance. :)