RE: Placing14 Jan 2021 10:35
JB,
Many are anticipating more placings (not just one), seeing them as an ongoing requirement.
Without hearing that's not the case from the BoD, we only have loss-making figures to go on.
Without a profit-making operation (cash) we cannot fund our ongoing projects, much less the new ones Trousers starts.
The new ones may generate cash.
But we were told that years ago about the existing ones.
"All future projects will be funded in-house"
"All future projects will be self-funding".
Without wishing to go O/T, for your aim (soz for pun), you might also want to have a look at PRSM.
Not recommending it over UKOG (or at all), just something else I've been trading.
Took a big 25% hit this morning, on (GOOD) 2020 figures.
I'll buy and hold for a few months (if necessary).
It has been getting a 3-4 month turnaround under 'normal' circumstances, excepting the last year.
GL
:)