Member Info for Skwizz

It must be a 'public' meeting.
Likely to be live again as there was such a large interest last time and covid may prevent physical attendance for such numbers.
The date, I believe, has not been finalised yet, although some options have already been announced.
:)

I wish you (and all) luck and hope you get what you want from it.
:)

Mighty-O.

I agree with you as far as not risking anything long term for now.
But there are still occasional opportunities to "trade".
Ordinarily that would be a very high risk strategy.
With UKOG, there's a certain anomaly that may make it less of a risk than holding.

It's not often and there is still risk involved,
But that risk affects long term as well anyway.

ie.
There are opportunities right now.
One in particular (I've dismissed Turkey as realistic for other reasons).
The Loxley Planning Meeting could see the SP rise again just before the meeting as speculators (and fantasists) place bets in favour of a council vote of approval.

Last time it peaked at 0.55p, a few days before the meeting, and seemed to hold between 0.5 and 0.45p.
If you think it will repeat that, now's a good time to buy in (but DO NOT let others persuade you to thinking that is a definite).
If you don't think that's likely, don't invest.
There is also the chance that the council may actually agree to overturn their previous decision (through abstentions, or whatever).
In THAT case the share price might shoot up even higher.

All those scenarios come with too much risk to bet your entire portfolio.
But however safe you think the rest of your portfolio is, it all comes with risk.
Even if you keep your cash under your mattress.

Wherever you invest, you have to calculate how much capital you're prepared to wager for how much risk.
I'm very negative on the outcome, but I have still invested a small amount on the offchance I'm surprised.
I am fortunate to be in the position where my future is secure anyway and this is from a second portfolio which I am prepared to lose (although wouldn't wish to), and accept more risk for higher/quicker returns.
I've been doing this for three years, against my normal feeling, and done very well from it, especially from UKOG.
I am starting to move away from it though, even when logic is telling me that things may start rising again soon and now would be the time to be more open to these opportunities.

I wouldn't want to be responsible for you, or anyone else losing money.
DYOR (do your own research).

If you believe the rampers (that UKOG is about to rocket in value), then you probably won't need to risk much.
The more it rockets the better the rewards it will bring you.
If you're more realistic and don't believe it's going to be so exciting, you may want to consider setting yourself a target at which to get out and cut your losses.
I am in profit, whatever happens to the money I have left in, but I have still followed my own advice.

Hope you, and everyone else, gets as much as you, and they, would like out of this, whatever happens to it.

:)

You must be mistaken rich.
Don't you remember all those folks saying it was about to multibag?
Admittedly they've been saying it for years and not been right yet, but still.
If they say it often enough, they have to be right one day, eh?
;)

"The chairman will not allow another vote that is not within the legal framework. Expect pass with abstentions."

I do think there may be an approval with abstentions.
But the Chairman cannot refuse to allow rejections, legal or otherwise.
That's not within his power, even if everyone acknowledges that rejection would be on an illegal basis.
He is there to chair the committee, not affect the outcome (except in the case of a 'hung' vote, where he/she would be asked to cast a deciding vote).

I am pretty negative on it at the moment but accept that there may be some (limited) circumstances in which we might see it rise again.
But the odds decrease exponentially, depending on the amount you want it to rise over what time period.
Also the board continually demonstrates it's willingness to devalue existing shareholder investment through new share issues.
That alone dissuades any serious new investors, which keeps the value down.
Any real increase is pretty much dependant on speculators willing to risk a pot-shot, "just-in-case".
And those types of risk-takers won't want to risk enough that it might affect the value one way or another.

I think 2p is 'pie-in-the-sky' now, entirely thanks to Sanderson's continuing mis-management.
Anything up to that depends on whether UKOG can self-fund in future and to what degree.
If they continue to spend more than it earns, the share value will continue to fall.
Serious money needs to see a serious business.

:)

I have to say, nom', after ignoring the Filters for most of the time I've been here, I have recently been forced to start taking advantage and it makes the board a lot more pleasant and much easier to find what I'm actually after here.
Not as much comedy any more, but I'm prepared to accept that to save all the time I used to waste.
I don't use it on all of 'em, just the dung-leaders.
Can highly recommend.
;)

https://www.hellenicshippingnews.com/u-s-crude-stocks-drop-as-exports-soar-refining-ramps-up-eia/

"U.S. crude oil stockpiles fell last week as exports soared the most in 18 months and refineries boosted production to the highest rate since March before the worst of the demand hit from the coronavirus pandemic, data from the Energy Information Administration showed on Wednesday.

Crude inventories, which have been on the decline for five straight weeks, fell 4.7 million barrels to 507.8 million barrels, the lowest since April in the week to Aug. 21, the EIA said. Analysts had forecast in a Reuters poll a decrease of 3.7 million barrels.

Net U.S. crude imports fell last week by just over 1 million barrels per day (bpd) as exports jumped by 1.2 million bpd, their most since February 2019."

They really ain't 'superior'.
;)

Maybe we could get enough to buy him some shares in a company that might increase in value.

Unintelligent Udder.

(Sorry rampers).

:D

No it's taking off this week.
Or last week.
Or the one before.
I read it somewhere.
It must be true.

Our geologist might have more success as a dentist.
:D

Oh no!
Joey's been hoodwinked again.
:(

Ahem....!
Just emphasising a point.
:)

Soooooooo.... anyone able to spot the deluded and deceitful ramping going on here?

ROFL!!!
:D

BA, agreed.
But it was also a very different business, company, and management team back in 2006.
:)

K3VMC - Agreed.
:)

Agree with all three of these posts.
:)

Tall_Chap. I have no reason to be believe you are dishonest.

I was lucky that I got involved with this for the first time just as it began its' climb to 11p and benefited from that because I don't like super quick climbers.
They make me nervous and I would rather cash out than miss my chance.
At that time I wasn't investing tranches.
I had an amount invested and bought in and sold out several times very quickly and kept rolling the whole lot until it had grown so large I started to become nervous of what I was doing and changed my strategy.

The management of UKOG (Stephen Sanderson) has repeatedly issued new shares to finance more projects, before finishing what he's started.
That is what has reduced the value of existing shares and put off new investors.
You and a great many others have lost out because of this strategy.

I also have money from my SIPP invested here, but less than 5% of the whole.
Nobody should be investing significant portions of their savings into a startup AIM business like this.
The money I've made more than makes up for the loss of the current share price.

Nobody can tell you whether to hold or sell./
And you shouldn't be asking.
It's YOUR money.
Nobody here, NOBODY, cares as much about your money as you do.

If it's only worth 5%, you can cash out now and take the loss.
Or you can speculate that there may be a miracle which you can exploit and recover some of it somehow.