Member Info for Dibs61

10% already.

Indeed it is an excellent buying opportunity. Only a matter of time before a turbines deal is concluded, the company become debt free and can focus on building up capacity and generating cashflow.

bonum - Great post presenting the investment case for IPSA and this one still off of the radar of most. I've stocked up nicely here in advance.

Some sneaky big trades going through today......

Anyone got any idea why this has been gapped down 7.17% at the opening? Have I missed something? Now followed by some heavy buying around 5.5p

Yes as you say only 27% of shares in issue (107.5m) are in free float. So only 29m in public hands! Definite short term upside potential here with little downside.

This agreement was due to be ratified early this year so should get news soon. Probable reserves of 1.1 billion barrels in the Dead Sea and Wadi Araba block. ENEG 5% share would give them P2 of 55MBO - not bad for a company with MC of 15m. Not only that but possible (P3) reserves of 7 billion barrels for the block. Small capital outlay for ENEG in terms of expertise so de-risked and with massive upside. See following link for further details: http://energy.korea.com/archives/21837?cat=25

So when are we going to get it I wonder, all gone quiet again and the share price has slipped back. Chanced my arm with a cheeky top up today. Gotta be a no brainer really as this is only valued at £4m. Even if IRIS renege on the deal IPSA retain the 3m deposit and sure they would find another buyer! IPSA do have substantial debts to pay off when the deal goes through but the 2012 accounts also show a NAV of 11.62p per share although I assume that includes the asset value of the turbines they are selling?

No it means today is the date that IRIS (the buyer) said they aim to complete by. It is not a deadline for the deal. News could come any time from now.

Going back through the text of the previous RNS: "IPSA Group PLC (AIM:IPSA), the developer, owner and operator of power generation capacity in southern Africa, announces that, further to the announcement of 19 November 2012 relating to the sale of its remaining two W701 DU gas turbines to Iris Eco Power Sdn Bhd (the "Buyer"), the Buyer is seeking an extension of the turbine sale agreement to 15 January 2013. The Company is considering this, and advises shareholders that any such extension will be subject to the approval of Standard Bank and Turbo Care, with the current position being that the closing of the transaction should be completed as soon as possible in any case." Don't see a problem here. All this is saying is that Iris wanted an extension to 15th January but that effectively means nothing because neither IPSA or their creditors have said OK, just let's get it finished as soon as possible. Iris aren't going to chuck away a 3.1m deposit! So, guess we could just get news at any time. Would you want to be out?

From Business Computing World: http://www.businesscomputingworld.co.uk/cloud-telephony-what-do-you-mean-by-disruptive/

Been doing a bit of research here and decided to pick up a few. Expecting a few more people to join this board than is currently the case within a few months. ;-)

Up 8.5% today on the back of a recent placing as well and almost at 12 month high as stated!

....hung in here and steadfastly stuck by this. Well done!

...has been proven correct. Oppenheimers have reduced holding to 2.5% now. Anyone have a view about this? It's difficult to get a positive slant on news of important investors pulling out. Best wishes to all other holders.

Where is the RNS that you promised us a few days ago announcing a further reduction in Oppenhemier holding?

Doing a bit of checking on this share and would appear that shareholder funds (even up to 31 Dec 2011) are way above the current share price. Be interesting to see the latest results although they will only go up to 30 June 2012.