By Peter Brailey | Tuesday 28 April 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It was less than 4 weeks since I expressed the view UK Oil and Gas (UKOG) would be back with the begging bowl. I would have to say it did not require any rocket science to reach that conclusion, after all the track record this company has for issuing shares goes before it. So the idea of a placing announced today comes as no surprise, but the fact it’s not firm is rather shocking to me. As always with this company, the lack of RNS clarity makes for interesting review.