RE: Celebrating MY Foresight!3 Jun 2022 15:33
GL Vetta.
I think you may be correct in that the SP will rise.
Unfortunately (IMHO) I believe that will be a knee-jerk reaction, unsustainable with current sentiment towards UKOG and especially its' board.
It will be a short-lived spike.
Then PI's will start preparing for the next round of dilution, a resolution of which Sly Sandercon has already notified us that there will be in the end of June AGM - potentially he could issue a further 2/3 of the current shares in issue.
Personally I don't believe he would ask for so much, just because the last placing failed (miserably) to achieve his desired figure.
For visibility of my potential bias, I am currently holding a position in UKOG.
I only trade UKOG but I've only bought in here three times this year and all of those within the last fortnight.
I have a low Sell to try and capture some of any spike there may be, but I am not stretching it at all greedily, just in case it misses altogether.
I'm happy to make low profit margins and often, than large profits but once-in-a-blue-moon.
GL again, whatever happens.
I wish you what you'd wish yourself.