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Leni Gas Share Chat (LGO)



Share Price: 3.50Bid: 3.45Ask: 3.55Change: 0.05 (+1.45%)Riser - Leni Gas
Spread: 0.10Spread as %: 2.90%Open: 3.45High: 3.575Low: 3.40Yesterday’s Close: 3.45



Share Discussion for Leni Gas (LGO)


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goooba769
Posts: 1,213
Off Topic
Opinion:No Opinion
Price:3.58
View Thread (7)
RE: DL companies.
17 Jul '14
Sence have you worked out how many wells we are drilling on this pad yet?
 
MagpieMick
Posts: 68
Off Topic
Opinion:No Opinion
Price:3.58
Tweet to doc holiday
17 Jul '14
@micky_frenchy: @DavidLenigas @DDS_Doc_Holiday doc may have called the placing but I think his sell/short call was wrong with the placing so high!

Reply

@DDS_Doc_Holiday: @micky_frenchy @DavidLenigas Fair comment...
BeachHut
Posts: 387
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.58
View Thread (7)
RE: DL companies.
17 Jul '14
Looking at the business case, the 20m shares represents less than 1% of current share issue (if my early morning calculations without the aid of coffee are correct lol), the gains that could come from the acquisition of the Trinity field will hopefully be many times 1%.

As a long term holder I can accept DL's move here, the returns from Trinity will start to be reaped next year, but in the meantime its another producing asset for the company.
Galvy
Posts: 248
Off Topic
Opinion:No Opinion
Price:3.58
View Thread (7)
RE: DL companies.
17 Jul '14
I take your point about the misleading 'no dilution'statement however I think you're being overly pessimistic and critical. I think this placing puts a floor on the price because institutions are not known for their charitable acts. They are in it for the money just as I am. They won't buy 200m shares unless they believe there is a right good chance of making a good profit for their own investors. It is therefore a vote of confidence in the future of LGO.
dcgc
Posts: 739
Answer
Opinion:Strong Buy
Price:3.58
sence2
17 Jul '14
With a company like this circumstances change so quickly .You can`t turn down good investments because you stated no further dilutions based on the the facts at the time.You seem to lack business experience not to understand this.We are buying assets with the proceeds not as someone else said using it for everyday expenses.I`ve taken the opportunity to increase my holding.
berniemadoff
Posts: 5,162
Observation
Opinion:No Opinion
Price:3.58
sence
17 Jul '14
Its a cracking deal. In a years time just the asset will be worth 5 times more than we are paying for it. This is reflected in the high placing price. Fwi this is an unexpected opportunity to buy sub 4p. I'd grab it with both hands
TheMagpie
Posts: 499
Off Topic
Opinion:No Opinion
Price:3.58
Lofty
17 Jul '14
You mean the CPR?
sence2
Posts: 4,428
Observation
Opinion:No Opinion
Price:3.58
RNS
17 Jul '14
Also the reported statement of fewer RNS appears to have gone by the board. What other statements will be found to be economic with the truth to say the least.
Another bout of verbal/written economics will show up soon lets hope they have not made mistakes with output figures.
BillyBadBack
Posts: 448
Off Topic
Opinion:No Opinion
Price:3.58
View Thread (2)
RE: Good top up price
17 Jul '14
Why won't it?
alexia93
Posts: 465
Off Topic
Opinion:Buy
Price:3.55
View Thread (2)
Good top up price
17 Jul '14
At present. Sp will not go below 3.5p IMO.



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