Member Info for Doubler

There is only one Biogbench! I have heard first oil is very immenent. Good Luck.

Here is my view: The SP for sure would have bounced short term to maybe £1.50. I lost a potential 6 figure sum so very unhappy. Long to medium term what would it have done? Perhaps having seen the books as Delek, the independent committee, and that broker comment the other day that the price was fair is maybe true going forward and that for a takeover £1.20 is fair. The results of the vote will probably not be for another two months and if it is rejected maybe Delek will pull the offer, what then? I suspect if it is fair and the institutions can see that they may accept. Then you will get your £1.20 and move on. I personally sold up as I have other opportunities to chase and dont want to hang around 2 to 3 months. I wish you all well and will leave the BB for other sites. I suspect Vlad and Bigbench have done the same.

Ithaca were sued in Canada a few years ago by an investor due to the delay in FPF1 which the complainant said they knew about but did not tell the market / investors even when they were still doing roadshows marketing the company. This seems very similar in that the SP would definately have risen on first oil and the increased production yet they did not agree to this takeover in the interest of the investors, but themselves. The flip side is the SP crashed when the RNS was released as they were obliged to do. Would be a way of paying the BOD back I guess!!!

Is there no process to report this to the Stock Exchange?

It will be hard to find out what incentives the BOD have had to recommend as it could be "a nod and a wink" type deal and Delek's money is in Isreal. One incentive for all the employees is they keep their jobs most likely whereas if another oil company took them over most would lose them. I am sitting with a very substantial holding and unsure what to do. This could drag on for months and the outcome could be the same. I am holding for now as I do not have any great alternatives to swap my investments to. I am as shocked as like most here I was expecting at least £1.50 but much more. 12% premium offered must be one of the lowest offers on record for an undistressed stock. Hopefully the institutions will reject this bid and sense will prevail. After all they have a duty to their investors.

To put it in context: SDX up 6.25% with no RNS, IAE up 11% with takeover offer. This is a joke. I am wondering if something else maybe brewing like cash flow / debt issues we are not privvy too. Also to make Greater Stella work needs more cash to work. Otherwise it makes little sense.

Vla, I must admit I saw the SP first and thought JB fixed, so a takeover at 12 % increase is way below "normal", 30%+ would have been expected. Sounds like the BOD want to cash in, keep their jobs, and become part of a private company. Sounds criminal to me. I suspect though it is a done deal as institutions will have been kept informed most likely. Other bidders have 30 days to make a counter offer, if there are any! Even though I am significantly up I am disappointed. Doubler

Urraca, being a rug muncher is okay I guess, you should keep those secrets to your dating sites. Keep calm this weekend, we know news is close.

I don't think Iran or Sir Cliff are relevant in POO? However if Donald Duck imposes sanctions then it should boost the price. Iran have had no investment in xx years so will take a while.

BB (bareback) and Cliff Richard should not be used in the same sentence. Tuesday maybe but this month for sure.

Vlad, I agree with the Troll statement. I decided, wrongly, that I was overexposed in IAE so bought into some other oil companies. Their chat sites are a disgrace especially PMO and ENQ. We generally have some great posts, apart from mine after many glasses of malt whisky, and BB with his over enthusiasm but still love them. I strongly believe IAE SP will at least double this year with good reason.

All, IAE is the best performing share on AIM last year. They are about to triple production. What do you not understand? This month as well.

Was Vlad helping you on the project?

Welcome back BB: been a quiet few days without you!

Agreed but it is holding up well compared to other oilers. Until the taps are on we are purely POO driven, then it will be production as well.

Agreed the first is optomistic but I did say "month". A little bit of patience and we should get a healthy 2016 result meeting on the 23rd of March.

Well tomorrow is February the month we were promised. Werberone any other issues to delay production?

I have heard similar.

As per BB, this share leaps on news and news is within grasps. If anything the SP is depressed by lack of an RNS. When it comes expect 20+ rise. i am in for MM£1 so very confident, X

Well I am in the south of Spain watching the sun go down over Gibraltar! Next week or next two months all good.