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No one thought we would brexit and also no one thought trump would get in ! all we need now is a labour government to suprise everyone , Lots of young voters go labour and with social media like it is, it's all about Facebook etc etc Not a risk worth taking till after election!
Thanks for the wise words Digas, I may even buy you a pint next time I am in Fylde, hopefully surrounded by Mines with loads and loads of fracking happening.
I was thinking of topping up myself, Infact reading back over your posts here I might do it just to wind you up. Have you and auntie frack got nothing better to do, Is there not a withering dandelion somewhere you can go and water....
Whatever you have left in this, take it out. In fact, any previously privatised utility shares you may still have need selling off. ASAP!!! Thank me later. Cheers.
#Auntiefrack : labour won't get my vote simply because they are Antifrack. The Tories will win but not with a moon slide majority.
No I haven't, please enlighten, I guess you want to.
But have you see the conditions?
Bet365 now 7/1 on Corbyn winning. Skybet now 15/2. Wm Hill 13/2.
Generally, Labour voters are not so committed as Conservative voters, so a poll which takes very little effort to fill in could record 36% Labour against 45% Conservative, but come the election only about 25%, or less. Labour voters will be bothered to walk all the way (half a mile) to the polls to vote whereas probably 40% of Conservatives will do . So even if Labour were neck and neck in opinion polls, it would probably result in a clear win for Conservative
Drill or Drop report that Nottinghamshire County Council announced today it had issued formal planning permissions for IGas sites in Bassetlaw, at Springs Road, Misson, and Tinker Lane, between Barnby Moor and Blyth flollowing completion of legal technicalities. Now that is proper good news.
Bet365 were giving odds of 20/1 on Corbyn winning. Not worried about Labour. Just shows had bad the polls are. Yougov means nothing, still exspect a dip in the £ though.
Yep, at moment, I still think Tories will win, so not too worried. Even the Guardian is cautioning against reading too much into apparent Labour surge, due to regional differences (apparently, Corbyn still weak in Scotland, West Mids & London). On topic, I see that the volume of IGAS transactions has slowed in recent days. Feels as though SP is now "treading water" until outcome of General Election is known.
Higher taxes? Nope. Terrorist apologists? Nope. The Tories are sinking at an accelerating rate.
Not so worrying..... Jeremy Corbyn Diane Abbott Higher taxes Terrorist apologists Last year more than 50% of Labour MP's expressed no confidence in his leadership. Buy before first results from Third and/or Cuadrilla ....
Latest YouGov poll shows: CONS: 43% -1 LAB: 38% +3 LD's: 10% +1 UKIP: 4% +1 OTHER: 6% -1 Dump them before you lose the lot. FrackOff :-)
Spring road mission and tinker lane get the go ahead for shale exploration.
Oh I wonder if that may be forgotten now with 'law and order' and anti terrorism replacing social care. Conservatives are always strong on security, the labour are somewhat whishy whashy and believe that there is good in everybody, the LDs response is Law and order, whats' that !
Hi Meta4. Somebody on here was predicting a consolidation at £1 per share, but I wonder who is going to buy at that price when the SP is already falling . A consolidation, of course, does give a blip as people buy in boost the number of shares that they will hold at the new price, don't ask me for the logic of that, it happens ! Sometime back VOG from a lower sp than the present Igas sp consolidated at 40p, whereas as CAZA deep in debt consolidated at 500,000:1...Predicting ain't easy :((
Since Igas was given the assets of Dart Energy to get their large prospective shale tenements, they have ****ed away 96.5% of the SP. Currently at around 4.5p thare isn't much more the SP can lose (and until the company gets off their arse and actually does something, the SP will not increase. Consolidation just gives the SP much further to fall than it currently can. WIth the company's appalling record of wasting the investment of shareholders, there's no way I'd vote for these crooks to set the SP up to fall a lot more. Until they do something positive, I won't be voting for anything they propose.
Some thoughts on the back of MarktheSpark and MissGolightly (which I agree with)... Long story short, I long for the day when IGAS can knuckle down and focus on its core activities, free from external distraction (ie. general election) and internal distraction (ie. consolidation). In the short term, there is still some considerable risk (IMHO) attached to IGAS that will keep the share price down. The first risk, as I've already flagged before, is the General Election outcome. Whilst I still think the Tories will win, they have not done themselves any favours over the past weekend on their social care plans. Whilst it would be O/T to talk about social care, there is an issue of the Tories' credibility which, until the weekend, was virtually impregnable but may now have been damaged. Whether the Tories are credible for Government is therefore relevant when considering the investment case for IGAS, given that the Tories are the only major party to support fracking. As I say, I still think the Tories will win but, in my opinion, it's not a foregone conclusion. The second risk is the consolidation, which I've been looking into over the weekend. On the one hand, I can see that the consolidation is another welcome act by the IGAS management to get its house in order. I can also see that their rationale is to put the SP on the radar of institutional investors who have policies that forbid them investing below a certain share price. Given that IGAS want to consolidate from 2.4bn to 120m shares, this implies a 20:1 consolidation with the resultant SP at around 100p, given its current sub-5p level. I agree with MissGolightly that, having been placed on the radar post-consolidation, the SP may well fall in the short term if new investors doing due diligence take fright at why the historic SP collapsed. The rationale behind that collapse (ie. a very poor balance sheet) is now in the past, but new investors may not be wise to that. FWIW, I need the current SP to rise to 7p (pre-consolidation) or 140p (post-consolidation) to break-even on my investment. My bottom-line is that, if necessary, I'm happy to see through any post-consolidation SP dip as the IGAS fundamentals are now much-improved. The General Election outcome still bothers me, though! (PS. My thoughts obviously also go to the victims of last night's terrible atrocity in Manchester.)
With the proposed consolidation on my holding of 2693 shares i will need this share to sky rocket to see a return on average price of 85p paid, the general election is not a foregone conclusion may is rocking corny is not dead in the water yet?
I'm thinking of waiting till after the consolidation.... cant help but think it will drop a bit further after that...?? Miss G
........and it was!
A few positives for IGAS.. Regarding shale development... 1. According to the Sunday Times, Third Energy is understood to be drawing up plans to list on the stock exchange and hopes to raise £250m from the move. The value given to Third will be a read across to IGAS. 2. Conservative support for shale gas. 3. Concerns about the closure of Rough storage facility will increase media focus on energy security. 4. Imminent first exploratory fracking by Third and/or Cuadrilla. And on the conventional side.. 5. OPEC agreement this week likely to extend cuts for at least 6 months moving oil demand/supply more into balance. 6. Trump's anti-Iranian rhetoric likely to be seen as possibly presaging a return to restrictions on exports, further restricting world supply. 7. Economic and political situation in Venezuela seen as going into crisis. Seems to me these are sensible reasons (amongst others) why investors, both private and institutional, might see Igas as undervalued at present. No doubt the SP will now be down tomorrow!
Yep, for those of us invested in IGAS, good to see the Tories full-square behind fracking (see p23 of manifesto), unlike Labour / Lib Dems who both propose banning it. Assuming the Tories win the election AND there are no environmental PR disasters with the fracking process, the way forward looks bright now for IGAS. IMO