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MT100 , IQE is close to its high of the day when the market is close to its low of the day. That is a very positive sign in my book

Open AI's revenue miss and the constant downward pressure on the FTSE are a big part of the problem here.

Going forward I can see nothing but positivity. Debt and uncertainty has been removed and IQE is now an integral part of a multi billion dollar supply chain and are well financed to radically increase production. This dilution is being digested and then the focus will be on the transformational positives

We need to take out this morning's high. It we can get past 44p then that has confirmed the double bottom and we could close up on the day. Not that I am a chartist but the algos are and that is what matters

I was expecting 30p so clearly the good news is outweighing the dilution. I would expect institutional buying once the panicking sellers are out of the way. The prospects for the company are now clearly better than they have ever been.

I have spoken to IG but they are unsure if IG are participating but if you wish to register your interest to buy at 19.8p email corporate.actions@ig.com giving your account number and number of shares you want by 8pm. You have 14 minutes Good luck

IG not answering the phone. Been in the queue an hour!!! Corporate actions showing not retail offer to existing shareholder.s What a f...up

Chudsta - trying to get through to IG atm

There were a lot of 25K and 50K orders on the order book so I think it is nothing more than institutions saying thank you very much. Made a nice profit. I will take it. Quite normal and understandable but in a relatively small stock it moves it.

I have three companies which have done exceptional well lately, Eco of course plus Ceres Power and IQE. All dropped significantly this afternoon. Just Friday profit taking I think but good to see a lift in the closing auction for Eco suggesting a possible bounce back on Monday

Having watched the Eco story over the years, the farm-out of the Walvis Basin interests in Namibia to me represents an important part of this exciting part of the portfolio and yet again proves that Eco has the right, patient long term approach to its asset base.

The three licences, PEL’s 97,99 and 100 have been framed-out to BP who will take 60% of each and operatorship leaving Eco with 25%. Importantly Eco receive a $2.7m cash consideration plus BP undertaking a work programme that will include seismic work on all three blocks.

In addition, when the time for extension comes up in 2028, should BP decide to continue with an exploration well Eco gets the option to either transfer another 10% to them in return for a full carry or to keep the existing 25% and therefore itself fund its share of costs associated with a well in the 2nd renewal period. In this scenario Eco would be able to decide if it wanted to farm-out any of this remaining stake to other potential partners.

This is indeed very good news for Eco and it makes the entire portfolio properly sorted with ‘solid’ partners who are all committed to taking, and by inference financing, work going forward. In the Falklands and in Guyana their partners are Navitas, in South Africa TotalEnergies and Qatar Petroleum and now in Namibia they have tempted BP to join them.

CEO Gil Holzman says that ‘this transaction is a clear demonstration of our strategy partnering with Supermajors and IOC’s, to derisk our portfolio while retaining material exposure to significant upside potential with very limited financial requirements from Eco’. A highly credible achievement that even I may not have predicted all those years ago but one that shows quite how well the company is now placed for the future.

This is another truly exceptional deal by Eco and one which its shareholders will be incredibly happy with. My faith in the company obviously remains 100% intact and of course it will remain in the Bucket List despite already having performed well, up another 10% today after a rise of 692% on six months and +677% over a year.

At the moment my target price of 150p will stay, once that looked somewhat high wide and handsome, only now I am thinking that it may need tweaking should anything start to come in.

It should also be noted that this has knock-on effects for others, I am very interested that this has been done as the first deal by BP under new management, it shows that they have for once and for all returned to its grass roots of being an E&P business, also that Chevron is gearing up to drill in the centre of the Walvis Basin in PEL82 just east of where Eco is located.

Good point Golden

Apart from the negative sentiment towards stock markets, caused by the high oil price, I can't see anything but positive impacts of Trumps's war for Eco for at least three reasons.

1.) The value of it's assets, ie millions of barrels of oil in the ground has just become 60% higher.

2.) The effect on profits will be even greater as the fixed costs of getting the oil out of the ground will mean with a higher selling pricer the profitability will be even higher

3.) The fact that geographically, all five of Eco's areas of interest are well away from the middle east and the straits of Hormuz must make their assets much more desirable from the point of view of prospective partners keen to avoid future problems

Maybe give them a call. You should be able to buy over the phone if you have an active account

Yes it's nice to see the order book with 110K shares currently being bid for at 53p. That's a chunky number

I would have been very surprised if there had not be this retracement. Nothing ever goes up in a straight line. The retracement has not violated the uptrend. Take a look at the daily chart and this will be immediately apparent. Should we have taken some profits at 66p? Yes, with hindsight but it would have been dangerous to be out given the news that could drop at any time. I am very comfortable with this normal retracement . We have seen this all the way up from 7p

There are only 16000 shares being offered between here and 55p. In other words anyone buying £8000 worth of shares will take us back to 55p so could be back there very quickly

All it takes is one trader booking a profit. It is low volume and a thin order book so it takes very little to knock it down a few pence. Like wise though it doesn't take much buying to push it up a few pence. Inevitable that there will be profit taking after such a stellar rise even though thy are still cheap given the catalysts to come

Whilst sentiment is obviously against us and everything is being sold off, what we should remember is that Eco's assets are now worth double what they were three weeks ago. Plus the fact that oil fields well away from the middle east have to more attractive to the big players.

A big mark down at the open but recovering very well with plenty of buying