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Solid BID on the L2 atm, the share price is about to move up
Legin its hard to tell, prices would of dropped significantly but its going up
Two big sales have gone through totalling 1mlion shares.
Back on last weeks trend - tight spread, lots of very round trades in multiples of 5k/10k, hard to tell sells from buys. Looks like seller still going to me. At lease they gave us a glimpse of what's to come when they are finished.
No evidence to suport this
Small market cap
Could be but someone is buying it off them, also If I'm correct certain funds cant hold shares in company that has owned market cap as this, you may want to check it out, gives us pi opportunity to buy on cheap
Looking like there is the possibility of a second significant holder reducing. Aimho
On this news share was trading at 36.49p thanks to seller which is almost finished now 19p
Sharecast News) - Shares of IGas Energy surged on Monday after it signed a memorandum of understanding with SSE for the development of a geothermal district heating project in Stoke-on-Trent.
SSE said it will develop and deliver a district heating network in Stoke-on-Trent working with GTE and the City Council.
The MoU grants exclusivity to each of SSE and GTE for a year, with certain milestones including executing a heat offtake agreement in relation to GTE's future geothermal plant.
Giles Newton, head of Business Development for SSE Energy Solutions, said: "We are delighted to announce our partnership with GT Energy which will help us to fully explore the feasibility of providing heat offtake from their future geothermal project in the Stoke area.
"We have proven expertise in the sector, with our 19 existing UK heat network sites, and we believe that geothermally sourced energy will play a vital role in decarbonising heat, as well as having the potential to tackle 'hard to decarbonise' process heat. We look forward to developing the Stoke City project with GT Energy over the next 12 months."
At 1230 BST, IGas shares were up 92% at 36.49p.
It seems that every time someone thinks something good is going to happen, the SP heads in the other direction.
250k, 208k shares buy,
Was expecting a bit of a sell off early doors from traders, and we are back in yesterday’s range.
Much tighter spread today though which should encourage buyers.
We had 20.5p paid so far, and i see no reason why the SP should not move in the 20’s today.
GLA
Explains why sse partnerd with us and other majors will I have no doubt, just look at the energy crisis,
That's a long life time "geothermal systems have an estimated lifetime of 100-300 years
"There are clear economic benefits to developing geothermal energy. Oil and gas resources are dwindling while fuel prices continue to rise at an unsustainable rate. The world’s economy is struggling and jobs are desperately needed. Geothermal energy is the solution.
Geothermal energy helps governments to tackle security-of-supply issues. It is a renewable resource that will never deplete. The European Commission estimates the EU could create up to 1.5 million jobs by 2020 by investing in a low-carbon economy.
Modern geothermal plants produce no CO2 emissions. They have minimal impact on the surrounding environment. You cannot hear geothermal energy, you cannot see it and you cannot smell it. Geothermal district heating systems are very urban friendly. Likewise, geothermal energy is not reliant on the weather, unlike solar and wind. It can operate almost 100% of the time. Indeed, geothermal is a proven technology harnessed around the world. Importantly, geothermal systems have an estimated lifetime of 100-300 years. They provide energy security for urban locations.
In black and white, they are working with other energy providers, rns anytime I guess
"We are also working closely with other energy providers on a number of district heat networks in other cities.
Both the BGS report and the ARUP report, published in May this year, support the need for deep geothermal in the Government's energy policy for the next 30 years, but with real and tangible benefits in the immediate future. Deep geothermal has the potential to become a world leading industry here in the UK, provide a stable transition away from oil and gas, and help meet the Government's net zero ambitions by decarbonising heat on a mass scale
That’s very true Builder, at least that will confirm they are sold out.
Hope you are right L2.
We'll need another TR1 anyway for Kog dropping below 3%. Do you think that an institution has purchased a chunk of Kog's shares Legin?
James, normally it takes few days to show another institution bought via rns, should get one soon
Thanks James, understood
We may get another TR1, in fact I would be surprised if we didn’t.
Parsnip - it is confirmation that there was a reason for the drop and also that it has finished or almost finished. While selling is normal, one institution offloading such a significant proportion has created the deflation. Would obviously have been even better if it was another ii showing faith by buying in but this is next best thing and fundamentals should drive it up to where it should have been in the first place.
I par, someone has bought from them in record time
Yep should push to mid 20’s.
Looks like 20.5p paid early doors. Bit of selling then move up.
Lol