Member Info for Skwizz

OMG!
I would never have enough invested in this to risk having to pay tax on it.
If you have £20,000 invested here and it achieves your target price of 1p that would give you a return of £76,923.08.
Or £194,615.38 at 2.53p!

Or you could lose £20,000 in one go.
I hope you can afford the risk on that.
You must be able to, or you wouldn't have taken it.
Good luck with it.

Even when I was trading UKOG at my most, I only had a tiny amount of my portfolio risked here.
Saying that, I did lose around £12,500 in an WTI ETF at the start of the pandemic (would've been £30k but I'd already made that much profit before it broke).
Was still below level of risk that could seriously affect me overall though.
:)

I'm accused of deramping all the time.
Don't mind.
Doesn't affect me.
I just give my opinion when I see it being so over ramped.
And there has been some ridiculous over-ramping recently (usual over-excitement), based on no more than hope.
I spend most of my time looking at UKOG because I made a ridiculous profit from it years ago and want to be ready if it happens again (ie. last week).
I'm invested in many more shares and funds than just UKOG (which I don't need to watch as closely) and am only prepared to risk paltry amounts here these days.
:)

2.53p is well below past SP high.
About 4.5 times approx.

It's normal and depends on the average at a certain time.
That does render the relevance of a colour based 'quick glance system pretty pointless though.
Something else you can blame the EU for (part of its financial reporting regulations).
:)

UKOG initial investment was capped at $5M.
50% costs shared with AME thereafter.

"AME's cost estimates for a 1500 m depth well in the Licence are around $3 million gross."

It has been a few months.
I think UKOG might just about be in a position now where they could recover from previous dilutions.
But there are still jitters about their willingness to do it previously.
If there was another (sizeable) placing it would reduce investor confidence all over again.
Potentially sub 0.10p then and, possibly, worse.

I am so confident of that happening that I've sold and invested elsewhere.
:'D

10p!
Lolol.
Had to be.
Hope you enjoyed last week's fun.
:D

Who says they're not though, Qwerty?
Would make a lot of sense, other than UKOG not having the cash to support it, obvs.
;)

Best of luck, Pat.
I hope it comes good for you.
:)

Seems you were wrong about that as well.
Lololol.

(I know, I know, I'm being reported again! LMAO!!!)

:'D

All you need is the share price.
It tells you exactly what's going on all of the time.
:)

When you vehemently disagree with another poster (troll or otherwise) and find their posts have no value to you whatsoever and are never likely to, LSE has provided a forum function called the "Fliter" button.
Completely free and easy to use, it's located just above the blue "Post Message" button (third one along, after "Regular Share Chat" and "Premium Share Chat").

Click it and add the user's name to your list.
Voila! Instant value.
This also improves your access to posts which do bring you value.
:)

... or Red

Enjoy your day.
:)

Rimma,

This is a simplified version (there's a lot more to it).

The price rises when buyers want to buy shares but nobody wants to sell at the price they offer.
They have to raise their offer until someone agrees to sell at that price.

The price goes down when sellers want to sell their shares but nobody wants to buy so they have to reduce their ask.
Once the price falls far enough someone might think it's a good deal and buy for that price.

It's rarely about the volume bought or sold.
It's about demand.
(sometimes volume can affect sentiment, which may then affect demand).
:)

They drove it up.
Now they've had their fill and gone their way again, this could settle back to 0.11p.
Roll on the next round of idiocy on the next scrap of news.
:)

Back in school today.
;)

As a new investor, what price did you buy in at?
Be prepared to join them.

Saudi Aramco cut production some time ago as part of a Saudi peace offering deal to OPEC+.
They have loads more capacity and will simply source production elsewhere.