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Honestly, I'll start with a bit of research into how I can bet on gas prices in more "pure-play" manner (what UK brokers let retail customers trade ICE UK Natural Gas Futures ? ) .
It's disappointing to have been so confident in a European energy shortage and end up so much down on this which had looked like a great leveraged bet on energy prices. I have been long large amounts of U3O8 which cheers me up, but it's disappointing nonetheless.
LOL I'm expecting a RNS on Friday. The company needs to update the market.
Doesn't even know what day it isš
Needs a new hobby obviously..
Why are going to do with yourself if this gets suspended?
All that free timeš¤
Loving the bants you absolute madlads.
>, there's only 9hrs 30mins left to trade this share folks.
You know it's Wednesday today right Bebeto!?
You are right beb hardly any time to accumulate - buy buy buy - Ā£200m company valued at Ā£4m
Never shorted anything in my life and no intention of starting now.
Sorry to burst your bubble, there's only 9hrs 30mins left to trade this share folks.
With due respect bebeto.. If your not holding then you are clearly shorting this.
Don't take us all for a fool..
Best of luck with your short when it's not put into administration š
LOL No I'm NOT loading up but I do expect the SP to be really volatile all week.
Andy if they don't release the financials it will be suspended from Monday and potentially in default with the Bond, so it will be interesting to see who's left holding the baby.
*had to pay
I had pay more than asking though
SP is going up mate! What is going on? I hope you are not loading up on the sly? :-)
The deferred tax asset (not recognised) is worth - 66 times the current share price - which any purchaser can use (if that were to happen which is a possibility for sure) so there may be a bit of growth coming !
I've got a significant amount of funds coming next week so hope for good news friday but low reaction
What many newbies ( and I am one) may not be aware of is that this gas company has 260 million pounds of deferred tax assets that it has not recognised due to accounting standards only - real asset Real value - buy buy buy
Current D/E is around 2 to 1 but serving the coupon is affordable but may hinder expansion.
Hence farming in with JV is a good option to grow the portfolio and revenues to generate big cash where you can negotiate with a strong hands with bond holders.
Suspension scenario is not a big deal and maybe beneficial to IOG while it sorts out its increasing revenues and cash to pay the debts but postponing it current obligationsā¦
Administration is not an option here and far away from itā¦
Letās see what happens but at the current sp the company is at a bargain base !
As always please dyor.
Holding strong
DaProphet, Good luck if you choose to stay-in and it suspends.
If that comes in your 4ooo plus could be 50000 in a year with extra production
516284 @ .829P
DaProfet..10.47 is what I am thinking too then add to the possibilities of farming in JV in other assets drilling which have been postponed due to cash restraints and to build up more cash to strengthen the balance sheet.
Yes itās a risky investment at this juncture but I donāt believe the bond holders would dare to pull the plug yet but definitely a continuing threat for the next year..
Letās hope IOG is sorting it out with its near term due coupon paymentsā¦
GL
Bebeto.. I think the share price reflects exactly where the risk ratio is in here.. Its a gamble like most aim stocks at present..from further funding /dilution ect..
However the reward could be life changing in due course..
Patience is the key hereš
If they can get limp on through the next few months with esculating gas prices and slightly increase productivity via H1.. the stars will be aligned š šāØ
I don't follow a lot of stocks this closely.
>Out of interest I'm assuming you are gonna post the same warning on every other stock in this situation on AIM ?
Why would you assume that? This was a stock I had a stake in, and continue to take interest in.
Why don't you tell me again how chilly it's going to be this winter?
Jeez snooz why have you not mentioned this possible suspension before ... on yes you have done every day often twice or three times a day for a week now.
Out of interest I'm assuming you are gonna post the same warning on every other stock in this situation on AIM ? I myself have at least 3 stocks that similarly need to report by Friday but I havent seen your warnings on those boards - wonder why you just post on IOG a stock you are not invested in but I'm sure you are working your way round the dozens of others
My average is 8p
I'm not posting for your benefit just the innocent genuine investors you're trying to ramp in for you to sell out.
We'll soon see who's doom & gloom merchants, when they are trapped in a share that's odds on to fold.
Regarding
> until we get news by next Monday latest.
There ought to be two pieces of news by then.
1. information about the half-year financials - previous announced that they'd be published yesterday. Aim Rule 18 requires these by Sunday.
2. Bond payment (the June and Sept coupons) is due on Friday. I expect news on that day regarding how much of the coupon has been paid (all/partial/nothing) and/or that discussions with bondholders are continuing.
To refresh everyone's minds regarding the latest info provided regarding the bondholders: the 13th Sept RNS:
> Active bondholder discussions on near-term liquidity and longer-term capital structure solutions continue under the current bond waiver which remains in place up to 29 September 2023
"near-term solutions" only needed if there is a near-term problem. These ā¬6.5m coupons payments in two days are near-term.
GL to everyone who understands and accepts that they are taking a risk of being wiped out this weekend.
We are so lucky to have someone who has all are best interests at heartšš