Member Info for Davius

LONDON (Thomson Financial) - Peter Lavine, chairman of the embattled Imperial Energy Corp PLC, has held "constructive" discussions with Oleg Mitvol, deputy head of the Russian environmental watchdog Rosprirodnadzor, an Imperial spokesman said. The meeting took place in Moscow on Thursday after Mitvol filed a request with government authorities to revoke the company's licenses, due to violations of environmental rules and failure to comply with its license obligations. "There was an initial meeting (where) both parties tried to resolve the issues," the spokesman told Thomson Financial News. "It was a constructive meeting," he said, adding both Lavine and Mitvol are hoping to resolve the issues "as soon as possible." Imperial is continuing normal operations in Russia, he stressed.

I think buying two tranches had made me a bit nervous with the share being so volatile, so I decided to sell half at 1200p and bank £700 just in case. This protects me from a downward hit to about £10.00 on my remaining shares, but still offers a decent return if they keep rising. No Alfa this morning, he'll be please come Monday if we keep rising the way we've started. Hey stockspy, hope that you are still with us... Bid situation again, 1218-1218p.

I agree that there is some risk, but I really can't see the Russians wrestling control of IEC's resources away from them in this case. Market commentators suggest this is more likely just a show of force, even Russian Brokers suggest the fall in SP provides an opportunity to buy IEC. And IEC is a minnow when compared to Shell. Expect turbulence for a while I think, but not a share to run scared off, if you're brave.

It has been a rough ride, at times, for shareholders in this biotechnology group. The share price quadrupled between autumn 2003 and spring 2004 as the market enjoyed promising news flow. In April 2004, however, the shares collapsed when it encountered setbacks in its research programme and the dissolution of a development deal with Roche. Confidence began to be rebuilt with a successful cash call in late 2005 and news yesterday of a new link, this time with Novartis, has helped the stock recover lost ground. The Novartis deal, including £50 million in upfront and near term payments, secures Antisoma's finances for the foreseeable future and opens potential market opportunities in the US. Hopes are that Antisoma will be able to bring forward several compounds, designed to treat different cancers. As with many biotechs, the risks are high. But so are the rewards. Buy.

Evening stockspy. If you've not been keeping up with things, the shares dived after Oleg Mitvol, the deputy head of Rosprirodnadzor, accused IEC of inflating its reserves estimates and threatened to cancel its licenses. There are also supposed environmental issues. IEC have come back with several statements saying that everything is in order and that this is just a misunderstanding. Brokers advised that this will very likely blow over and is a good opportunity to buy the shares. They've been very volatile for two days, several of us are in (or have been and taken profits). Unfortunate that this kicked off yesterday for holders since IEC also announced the completion of their latest pipeline, ahead of schedule, which should have taken them up still further. If I were long term (which I'm not) I'd probably ride it out. IEC are due to switch to the main market from AIM next week and one would hope that the volatility dies off in the coming days and that the shares get back to a more sensible valuation. If I were asked to speculate then I'd guess at £13 at least fairly soon, heading back to new highs as the oil starts to flow at the end of June. It's your decision though, read the reports and see what you think. Good luck.

No, bit dull really, they tried some spread betting but that dragged on. The only hint I got was when the presenter asked if he should gamble on oil stocks going lower and was told not too :)

Going to have a break now to watch working lunch, just in case we get a mention...

Hehe, Looking like you're all doing well today. I'm keeping an eye on the price but am busy, it happens, work gets in the way at the most annoying times. Will check back from time to time this afternoon. I am in, at 10.90 and again 10:45, so looking promising at the moment. Was glad I had to work though as when they were diving I was happier not watching. No swim this lunchtime, Thursdays is Tri-Club Swim Training and Canoe Polo, both this evening ;) Nice I'm not alone in this one, we can all share the stress of this wild ride... Currently drinks all round I think?

RNS from IEC finishes with: We are confident that these issues are a result of misunderstandings and that they will be resolved in the near future.

£10 coming up, will that trigger buys or sells I wonder?

Sub £11 now. Tempted?

Nothing new in the Times today beyond what was mentioned in market reports late yesterday. The share price seems to have stabilised at around 12.45, despite lots of selling the market makers are absorbing all of the shares on offer. Now 12K buys and 85K sells. It will probably take a full retraction from the Russian ministry to get IEC back up towards £15 but these are worth keeping an eye on. The report yesterday regarding the pipeline being completed ahead of schedule should enable them to reach a target of 6000 barrels per day by the end of the summer. They are due to move to the full market from AIM next week, which will no doubt attract new investors that would not usually be interested.

THAT is a lot of cash for a company with a cap (even after todays healthy rise so far) of £262m. Worth a futher look I think.

What kind of a fool would suggest that the posts from onlooker are 'perceptive'? Pleasant evening everyone :)

Jeez dontcall, that's better than I've done! LOL. Chill everyone, I suspect onlooker won't be here for long and it would surprise me greatly if it were GedW. Incidentally onlooker, it's DAVIUS you illiterate young puppy! :)

Nice, well up on the closing price too. Lol, funny about the T20, if you'd done a T3 you could have the cash by Monday! Lots of late trades going through, 12.27-12.31 so 12.65 was a good price. Agree with the sentiment about taking profits if you know you're not in long term, too. JSP did OK, 5.8% after costs, but a lot calmer than IEC, the movement on them today was nervewracking. I'll be watching tomorrow again.

And you are either stupid or a wind up merchant. You have never posted to IEC before that comment to debbie. It's quite clear you implied that Alfa should be thanking debbie for introducing this share to the forum. Your childish games belittle you. Why not post a well done to Alfa for a good day, or would that be beneath you too?

Hey Alfa, reports are that it's been nigh on impossible to trade today unless you put an order on with a limit, so not sure if you're still in or not. I wonder what the betting is that overnight another RNS will come out confirming that the Russian news was incorrect, then the MMs will mark them up a couple of quid first thing. Hmmm...

'nuff said.

If we end up back above £13 (and that looks quite possible) then the market makers can very probably spend the rest of the year sunning themselves in the Bahamas. 1230-1238p now.