4154 days ago
Having bounced back up from 35p to 170p shares in GMX traded joke valuation company US Oil & Gas (USOP) were starting to bubble. The USOPians (folks who chat amongst themselves on twitter and Bulletin Boards) were already discussing once again whether £15 or £200 a share was fair value. But then…. the shares started to fall once again and as I write are back at 90p. This still values the company at a very generous £37 million but why the slide? And what next. I offer three explanations and also a festive greeting to my fellow Irishmen who run this company in our native tongue.
