Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That this is a tainted brand, requires name change or buyout for it to move forward. JMO.
RNS Facts not Fiction... Six Months to June 17 Profit after tax £8m (previous to June 16 £25m loss). Net Debt £7m (previous to June 16 £ 83m) Great turn around given restructuring only happened April 17. As penny drops that IGas are profitable and have huge upside share price will fly.
No major upsets and looks on track. Could see a bit of a recovery here towards £1
JDM33 - 100% Right - Facts Not Fiction - Shorters Going to get Burned!
God i had to sell my shares in EDR which i doubled my money at 9p and at the about the same time had tom sell IGAS at over a pound a few years ago to pay the tax man thanks **** i did OK EDR is still about 8p but what happened to IGAS could it go under or is a risky BUY ??????
meta4; you mistook my rhetorical questions for questions! I explained that past performance is now irrelevant because the company has completely restructured it's debts and got a huge influx of new funding but, of course, you don't actually want to listen to my reasoning. You are still bitter that you lost money on Dart years ago and take every opportunity to be negative on a share that you have absolutely no investment interest in so what you say, even by your own admission, is completely biased. As for JBelfort... there's a name to trust, right? Loved you in Wolf of Wall Street! And to say 'it's a sinking ship' speaks to me of a deramper as it comes with no explanation of the underlying fundamentals of the company. I suspect this is because you have no understanding of the fundamentals but simply look at the SP and in the case of IGas the SP is no indication of the true fundamentals. As I said in my previous post, it's going to take news on drilling or the next financial update before we can see the true value of IGas. From my current research I would suggest that the SP will soar as soon as news is out and is currently hugely undervalued. As I also said, I'm not selling my shares so today's SP is an irrelevance. I do not need to 'talk the company up'. I'll let the multi-billionaire hedge funds that are invested in Igas do that!
and that's another storming performance from Igas. Give it up, its a sinking ship
Why would past performance be any guide? You have to ask?? The SP has been in a 4 year unbroken decline and lost 98% of it's value over that time. It's clear that the restructuring did nothing to arrest the decline. That's why past (lack of) performance is a very good guide. As for your ridiculous and uninformed comment about me shorting, you really have no idea. I have seen my investment lose 98% of its value due to corrupt dealing and mismanagement by the company. Being one of a large number of unfortunate Australian shareholders that had our company stolen and given to Igas, I was unable to sell and now it would cost more to sell than my shares are worth. Your feeble attempts to talk the company up have no effect. You may as well go to the beach and tell the tide not to come back in.
Just because a co. gets bailed out by a sugar daddy doesn't mean that the chronic cash flow problem that caused the debt has been sorted. This holding is struggling to stay above 50p. It looks like another-car-crash-in-slow-motion.
Why would past performance be any guide? For all it's life IGas *had* massive debts like a lot of small exploration oilies. As of July it's completely restructured itself and now has some huge hedge fund types invested and these aren't people who go around throwing money away. The only problem with Igas at the mo is that there is absolutely no point trading a share when the news we are all waiting on (flow rates and drill results) are yet to come in. I'm happy to wait. I have no intention of selling my shares so the SP is irrelevant until the results are in. The company itself has sorted it past problems and is now a solvent going concern and has streamlined to be able to be profitable in a low-price oil economy. We have yet to have the yearly results since the restructuring so the SP is waffling along on pure idle guesswork and no incentive. (No news on an as yet to be valued company will always lead to a downward drift). If you want to keep shorting the share you keep shorting. I'll sit back and laugh my socks off when you get burned big time. (And if you tell me you aren't shorting then I have to wonder what you are doing wasting your time posting on a share you have no investment in).
You make about as much sense as Goldmap. Going down and setting new lows is what Igas does and has done for nearly 4 years now. Everyday is a new "buying opportunity" You must be really naive if you think that the SP can be so easily manipulated by posting sad comments here. No ammount of upbeat comments have had any effect. I think you'll find that the sad comments are accurate observations from disillusioned investors. If the company was so profitable, I doubt that the SP would have dropped a further 33% since it "turned the corner". If past performance is any guide, the SP is just going to keep sinking until even the 20:1 padded price is close to nothing.
Yup. Those of us invested are simply not going to sell our shares come Hell or high water. An oil company with almost no debts? Incredible. Sure, shareholder value had to be wiped out at the time but I just saw it as a continued buying opportunity. This is Apple in 1981. I'm happy to wait it out til the good news later in the year.
who cares? we all know Igas is a share that has been manipulated by the shorters for their own seedy gain. Like we all know they post sad comments on here in an attempt to cash in. Igas is hugely undervalued based on core oil assets alone and almost no debts. It has turned a corner and is slowly plodding into a profitable company. However, with no constant good news those who like to short will take advantage of an unexciting share by selling a few shares at a loss and cha-ching on their shorts.
where will it stop?
UKOG Mkt Cap £286m - Significant Weald Basin Discovery... IGas "50% of our current production is generated from the Weald Basin".... https://www.igasplc.com/our-operations/where-we-operate/southern-england ......Ft.com 03/07/17 IGas "$55m of fresh capital and cut borrowings from $122m to just $7m through a debt-for-equity swap" ....IGas Mkt Cap £ 66m - IMO Undervalued and overlooked by the Market? DYOR
THIS SHARE PRICE IS CRAP AS IS ALL OF US HYPING IT IN THE BELIEF THAT WE WILL EVENTUALLY SEE A PROFIT THE ONLY PEOPLE WHO WILL SEE A PROFIT ARE THE DIRECTORS YET AGAIN IN TOO DEEP HAVE TO SIT TIGHT WITH THE COMPANY WHO SPEAKS UP WHEN THEY WANT MONEY AND THATS ABOUT IT.
IMHO IGas time will come..... "Gas to become world's primary energy source by 2035" DNVGL •"Demand for oil will peak in 2022" • "stage is set for gas to become the largest single source of energy towards 2050, and the last of the fossil fuels to experience peak demand, which DNV GL expects will occur in 2035". https://www.dnvgl.com/news/gas-to-become-world-s-primary-energy-source-by-2035-99849
No News Is Good News, So please dont lament Each comment are views Whatever is meant.
Report in the Sunday Times that Third Energy have appointed Lazard to explore their future finance options including a stock market listing. They have also appointed Lord Gadhia of Blackstone & Keith Cochrane, ex-CEO of Weir to their board. Looks like a pretty confident outfit. If there is a float it will help to value the assets of Igas and Egdon.
got a feeling the .......... shhh boom, is on! All the best (not invested but I'll watch wait and pounce if so!)
IGas past is history and so is $100 Oil....This is a Phoenix stock that is stirring from the ashes. Regenerated in the restructuring and profitable at $50 Dollar Oil. Imminent Gas flow tests & Drilling later in the year. DYOR
??? It's pretty hard to dismiss what I wrote. Simply saying that I'm wrong (again) without any additional information makes it clear you aren't anyone to be taken seriously
You're wrong
Uncertain stock market, uncertain world......U.K. ultimately needs secure home produced energy. Just had another IGas top up, a few others look to be doing the same. Good luck all :)
shaleinUK ... your assertion that I am wrong is baseless and wrong. Care to back it up with facts? Sorry ... I said 83%. I was wrong. The actual number was 85%. Go to this document from the company: http://www.igasplc.com/media/35300/australian-circular.pdf In the top half of page 18 you'll find this: A large proportion of the Company’s Shareholders (approximately 85 per cent by number) are resident in Australia. Due to the legal restrictions on foreign companies making offers of securities in Australia the Company cannot make the Open Offer to all Australian Shareholders. Unlike you, I have facts that can be substantiated. Care to apologise?