George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Someone has suddenly gone all quiet and shy .Hope they get more than Easter eggs before the week is out .
Tightest published spread I've seen here for a while . Spread was 0.2p at one stage . Someone wants 790,000 shares badly , and in a hurry .
Double digit share price increase on strong volumes . GSA Capital , hello . Wakey , wakey
Juust over one million shares changed hands in the last five minutes .
Just saw a bid for 1040.5
Crikey ,I thought THG could move . Think I 'll need a lie down , shortly .
It seems Mondays RNS of an early £200 million Christmas present and the robustness of their patents has sent the shorters running for the hills . I sold some of my holding mid morning , hoping to buy back on a retrace , which never happened . Had to buy back in at a higher price just before lunch .Glad I did .
Should have said my buys were reported as sells , this afternoon . Its seems extraordinary that buys can't be recorded as buys and sells as sells . The broker who executed the buy / sell has a record of same . Surely it's not that difficult for LSE to access that trade and publish whether it was a buy or sell . You would be forgiven for thinking it is a deliberate action to reduce transparency .
Couldn't resist two top ups this afternoon , both of them listed as buys ,for some reason . Never fails to amuse me why buys can't be listed as buys , and sells recorded as sells . Yield almost 1% per month now . Hope the offloading continues for a whole lot longer . I will continue to add at these prices .
Share price action has been a little odd this morning , indeed The ask has been at 19.66 for a good while , but the stated last price , according to Investing dot com has been 20.2 . Does anyone think J P Morgan Chase has been loaning out their newly acquired shares , to be sold into the market , especially at times of low liquidity , to lower the 30 day and 120 day SMA ,to lower the price tag for a potential suitor . J P Morgan Chase's appearance and the steady decline in the shareprice , has occurred , largely in a similar timeframe .
Chunky sell for £2 million today at 11.50am., but the shareprice took it in its stride . Kounrad has been a great success story for both CAML and Kazakhstan . Cash build continuing at a pace , with Cu prices so strong .
Excellent update , today . It is often said that the market hates uncertainty , well ,this update provides a very comprehensive outline of IOG 's production rates , and near term drilling campaign . IOG is selling at least 30mmscf/d into the UK 's national gas network every day , with production rates set to increase from here , all unhedged . Deltic have pushed back an appraisal well from May of 2022 to a possible late Q4 2022 , and are up 20% in three days . Serica have just announced that they lost £74 million on poor hedging , in the past year , but are only down slightly ,and yet IOG are 20% down , since the end of March . Time for a top up , I'd say .
In total agreement with you there Citzenlane . For a smallcap company , to have two wells producing and selling gas directly to the southeast of England , at this very moment , is quite an achievement . IOG have succeeded where others have failed . Debt is manageable and could be eliminated in a very short timeframe . Plans for organic growth have been clearly laid out in today's results statement . And all achieved within a net zero framework . The downgrades to reserves are slightly disappointing , but bear in mind the reduction in the two producing fields , Elgood and Blythe ,combined , is only 5.8BCF of 1P reserves . No shortage of detail on where IOG is heading in today' s update .
Wolster69 , I should have made it clearer , in my earlier post this morning , that IOG as operators are targeting flow rates of 140mmscf/d from Phase one of the Saturn Banks Project . This is the gross figure . and therefore IOG's interest would be 70mmscf/d on that basis, with CAL E entitled to an equal amount with the 50% split . There was a poster on another BB. whose avatar was 'Timing Is Everything' . I can' t help thinking he was on to something in choosing that name . It's been a long , difficult , and at times frustrating journey to get to First Gas , but it could n't have come at a better time .
I would not worry too much about the day to day shareprice movements and its relationship to publicity of IOG 's activities . Once the company is generating substantial , regular revenue , the shareprice will take care of itself , to a large degree . With most investors/ traders well in profit , it's no surprise that a little profit taking is occurring . Indeed consolidation of the shareprice at this level is healthy , after such a good run up . The main thing is for IOG and it's service contractors to continue to bring Phase one of the Saturn Banks Project to its conclusion and thereby increase daily gas production to as close as 150mm/cf as the wells will safely allow . Anything else is just background noise inmho .
It seems to me that there has been a silver lining in the delays to first gas from the Saturn Banks Project . It is the hedging prices achieved that will determine FCF for FY2022 and FY 2023 . Assuming first gas from Blythe and Elgood will happen mid March , then hedges should should be agreed upon with counterparties in mid to late May , following two months of production from these fields . With the way NBP and Dutch futures are looking , we could be looking at achieving some of the best hedges for phase one of Saturn Banks production . I would be surprised if we hedge production at less than 180P per therm . Angus Energy will be selling 70% of their production at 40P per therm , as part of their financing conditions . So I am looking forward to crunching the numbers over the next few months , here at IOG.