He's just another Dominic Cummings type clever clogs I am afraid I gave up on his bile years ago and think that if he wishes to be taken seriously he needs to behave better than the personalities he attacks. An 'overgrown' child of our times I am afraid.
Dark pools are private exchanges for trading securities that are not accessible by the investing public. Also known as “dark pools of liquidity,” the name of these exchanges is a reference to their complete lack of transparency. Dark pools came about primarily to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.
Your guess is as good as mine but I have always been aware that we don't see all the trades 944
and dilution not so good, but need to raise money and that's what AIM is for, exercise of warrants very encouraging. Overall good or very good as potential investors can see that the company is moving steadily forward. Anyway the SP is obviously being marked up which is good.
No I am not contradicting myself. Cash flow generated from Wressle will go nowhere near meeting the costs of drilling further wells. Whilst being hugely cheaper than offshore, plans to drill other wells can't possibly be met by oil from Wressle. You're often talking $millions a pop and the number of things that can slow progress, stuck drills etc etc escalate drilling costs dramatically. On the back of near time production from Wressle (we are only 20% in) and at even 100 barrels a day initially its nothing compared with well drilling costs. Fortunately all the other costs are dwarfed by drilling and we are partners. UJO has ambitions to drill and partner other concessions too so long term money HAS to be raised but on the back of prospects and production and by far the easiest way is through placings. Hopefully this is further down the line but little will have changed by then.
Slowly improving from a low of $19 a few short weeks ago to $34 and Wressle first oil expected in H2 given the cheap production costs this alone is a win win without all the other goodies. This should help future cash flow
David Bramhill's recent comment
David Bramhill, Executive Chairman of Union Jack commented: “Excellent progress is being made in respect of the development process at Wressle leading to “first oil”, expected during H2 2020.
“The project remains economically robust with an estimated break-even oil price of US$ 17.62 per barrel
Seen this everywhere lately among the penny dreadfuls and some less speculative shares I hold. My opinion is that its just a fashion which probably involves little effort and even smaller profit. So it will just wither, boredom maybe or doing it 'cos they can. A bit disruptive though and I am rapidly reaching the opinion that many of the 'conspiracy' theories are just that and no more. They must need better things to do with their time I think.
Placings are quicker but admittedly DB has gone on record as encouraging share holder value but the main reason for being on AIM is to raise money without all the hassle that other forms of borrowings require. Either way money will be required but irrespective any placings will soon get taken up and share price likely to recover. In a way that is raising money on oil in place anyway,
now. Cheap onshore oil has to be very attractive to investors given the low price, sitting almost next door to a refinery. Stands to reason that mega fields of North Sea oil has to penetrate inland. You only have to have a rudimentary knowledge of geology, maybe an oversimplification perhaps, to appreciate that the Kimmeridge limestone layer which is a cornerstone/marker for all offshore oil drilling in the North Sea originates/ occurs on the south coast (surprise surprise) at Kimmeridge near Lulworth, runs under the Weald Basin, targeted by UKOG and others. GIven the right circumstances, once found, this is 'easy' oil and does not require all the expensive logistics and infrastructure of the North Sea to develop. The challenge is finding it and it looks like we (DB and co) have hit the jackpot. It will take more drilling and placings to progress but cheap onshore oil is a very attractive proposition for any investor big or small. Remember that UKOG SP went through the roof (admittedly when oil price was high) and IMO this is a better prospect the HH and not underneath some of the most expensive real estate in the UK . IMO this SP has huge potential upside,
seems to be an opinion of some. What I want to know is this.
To subsidise this global pandemic quantitative easing is inevitable and by buying up Treasury bonds or in other words 'printing money' will only kick the can down the road. Problem is all developed countries are running out of options and controls. We all know what that means and to compare gold performance with equities in recent weeks tells us nothing except the equities bounce is weak and gold is strong and much more likely to get stronger. iMO, especially given the way the strongest global powers are handling their economies, this equity recovery is not founded on the emerging reality and facts.
Personally I think its just the latest 'fashion' probably those in early on this 'trick' got good returns from it but once the copycats mimic it in the hope of a good deals the gains become negligible. I've always believed that to smooth out the volatility of AIM commission should be much higher but then that goes against the grain of free market competition. It'll bee something else no doubt once this small dealing runs its course. I see it has spread to a lot of my other AIM shares but at least it keeps them out of mischief !
I haven't been following the trades in the recent volatile period but fail to understand how all these supposedly penny trades can manipulate the market? Does anyone have any straightforward explanation please. All I can think of is it somehow distorts the bidding price but can't really see how. Is this some sort of sophisticated fiddle or just plain stupid auction pricing.
to subsidise this global pandemic. Quantitative easing and buying Treasury bonds or in other words 'printing money' Problem is all developed countries are running out of options and controls and we all know what that means.