Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Good at the fuel pumps and energy bills.
In my opinion, this shouldn't cause an issue in the share price, as the fundamentals are still here in the company.
It is however, a brilliant tactic to help drive the price down here.
This is a hold for me, and buy on dips.
News is very likely this week.
Scare tactics to drop the price.
Expect a drop this morning due to the shorts issue on Friday. This will scare people into panic selling.
We can expect a rise this afternoon back above 7p
Afternoon rush starting.
7.3p on the ASK and 7.1p on BID.
They want the shares!!! Can't buy in volume, but I can easily sell all of mine - I'm holding on!
There's a heavy demand for these shares - it's evident that IOG have landed themselves into transformational news.
Selling will be easy and snapped quickly in massive volume. However, buying will be in smaller batches.
Be careful of the spread too, as the MMs try frighten people into selling cheap.
I wouldn't be surprised if this gets to 10p in the coming trading days - a spike is inevitable!
The BID vs ASK gap is massive - BID of 5.8p and ASK as 6.3p
Another sign that the MMs are trying to fish for shares here. Spook the sellers and get the buyers to pay a premium for this hot stock!
I'm in for the long haul, and "end of Q2" is going to be exciting.
6p being comfortably paid right now, after the dip this morning at 5.5p - it's being played, but people buying on the cheap.
The BID does drop, but it's not easy to buy anything in volume. It's easy to sell at volume though - says it all!
Unbelievable level of stupidity on this thread - " Without our money they may have sunk!!!”
MCAP is extremely low here, and it's nice that we haven't spiked massively yet and we aren't being played high/low with volatility. It'll gradually rise over the coming weeks / months, as fact are brought to light.
MMs have been trying their best to keep this price down, but unfortunately those who know about IOG are snapping up the shares at a discount, which will be very rewarding soon.
From the RNS:
"First gas from the Blythe H2 well is still expected to commence by the end of Q2"
This is about 6 weeks away!!!
This is going to be exciting next month!
Alot of sells gone through and quite disappointing that it's dropped this low, considering yesterdays news are a FACT that the company has great asset confirmed.
With H2 expected to be put into production soon, this will go into double-digits over the coming weeks / months!
This was 40p last year and 15p 6 months ago.
We can return to these levels in the coming weeks / months once H2 is up and running into production.
Ask at 7p right now and bid at 6p
It’s looking like an excellent Monday and a lovely week ahead!
Well done to all holders
IOG plc ("IOG", or "the Company"), (AIM: IOG.L) provides a further update on drilling and production operations at the Blythe field.
· The Blythe H2 well control event encountered from the Hauptdolomit has been successfully isolated without the requirement to sidetrack the well,
· The 7" liner was run and cemented to isolate the kick/loss zone.
· The 6" hole section commenced from the 7" liner shoe at 9,860ft measured depth ("MD") as per revised plan.
· The 6" hole section continued to the Rotliegendes reservoir section which was encountered on Sunday 14th May at a depth of 11,660 ft MD which was within expectations. Drilling continues to an expected total depth of c.13,000 ft MD.
· First gas from the Blythe H2 well is still expected to commence by the end of Q2
· Production from the Blythe H2 well will be initially ramped up to safely and efficiently manage the production of the resident pipeline fluids into Bacton, then expected to build up to 30-40 mmscf/d rate post ramp up
· The Blythe H1 well is initially planned to be shut in once the H2 well is fully onstream to reduce water production into the pipeline however the H1 well will remain available for production
This is a perfect opportunity for those who have been waiting on the sidelines to pile in and take position.
The opening RNS states "Having spudded on 5th March, the Company estimated that the H2 well was expected to take approximately three months to drill, complete and hook-up, subject to the usual operational risks", and this was a known risk.
The 4 week delay may be on top of this existing timeframe, or they may get lucky and still get the final results within the outlined RNS.
Either way, it's a couple of months, from which we can launch back towards 10p.
I'm happy to wait till it recovers back to 6p+ again, as there is ALOT of bad news already factored into the existing share price of 5p, so there's just one way that this can go!
Break 6.5p and we off again onto another recent high!
Amazing time for all holders here - patience rewarded!
This is pure manipulation to trigger stop losses, and lock out people from buying to average down.
Risk vs Reward here, and I believe that we will resume above 5p in a matter of weeks, if not days!
Very frustrating that we seem to be struggling to get past the 5p mark.
It's superglued to 5p!
Any whiff of good news, and we're off, but it seems to have a lot of sellers who do not want to see high gains!
6p onwards will soon come. Patience will be rewarded.
5p proving to be a very sticky barrier, but it's nice to see that there's plenty of buyers making this as a firm foundation base to rocket from here!
Anything less than 5p to buy is a bargain. We should be on the journey towards 6p!
The 5p mark seems to be holding up with strong resistance.
We need to break this once and for all, and then we are clear towards 6-7p. Any whiff of good news, and we're off!
It is refreshing to see that we are stable at 4.9p-5.0p though, which seems to be the new base, and creating a strong foundation for lift off!
From last weeks RNS -
Dougie Scott, COO of IOG, commented:
"In light of the Southwark A2 results, it is prudent for us to pause well activities on Southwark. With this in mind, the JV has elected to drill the Blythe H2 infill well ahead of Southwark A1. As a conventionally completed well, H2 has a lower risk profile, lower cost and can be brought into production quicker than A1. H2 can materially increase our production rate which would underpin our cashflow this year.
The "lower risk profile" is what excites me here. We should be back upwards towards double-digits!