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good accumulation of docs lemming. thank you for sharing.
yes, hopefully we will start moving back on now. It also seems we have a decent buyer this morning with the looks of it and its moving in the right direction
Anything under 66p should be a good price. The problem is in the meantime it's subject to some headwinds from institutions like Lo and potentially LOG admin in first case to raise funds to execercise options to stay under 30% holding.
As long as Southwark comes in with no more delays or issues it's well placed over time to recover and grow.
It's the left field issues and LOG/institution headwinds that have held us back.
We have had more than our fair share of problems we are due a change of luck.
Gas pricing has saved the company from significant problems.
good note Aligator. perhaps a good chance to top up if and when the shares go to market.
anyhow, topped up this morning at 29.4. i suspect the last we will see sub 30
gtbs, Yes LOG is in administration, courtesy of the failure of its parent, London Capital Finance - whose directors are the subject of various investigations by the CPS. Smith & Williamson is the administrator and, thankfully, to date, has worked closely with IOG regarding the handling of its responsibilities. However, it is its huge shareholding which is a problem for the sp since, on the assumption that there is no bid for the company from a third party, LOG's holding will ultimately require disposal through the market, a process which will undoubtedly take time and depress the sp.
There are many posters here who, like me, continue to be frustrated by the history of problems with the field developments and the lack of communication from the BoD. However, the facts are that Blythe and Elgood are producing, Southwark should be on stream prior to the year end and the company has further drilling on new areas lined up within the foreseeable future - all taking place at a time of considerable problems with foreign gas imports and high gas prices.
Thanks. Are LOG not in administration? Is this not a concern? Thanks
Here's some links to help anyone new to IOG
https://lemming99.blogspot.com/search/label/IOG
LOG - by a country mile, and a sea anchor on the sp!
Who is the company's largest shareholder? Thanks