Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Moho remember it (sort of!) well (probably Dementia Pugilistica affecting me)! - great lesson in how not to forward sell oil!
But from memory was that not part of access to debt though to "guarantee" repayment or, am I getting confused with other deals I've been privy to?
I know mate - lol! I think that's why I took such umbrage to the twat - I'd never normally dignify a response to idiots like that!!
Scored absolutely respectfully this is not going to hurt me financially and is part of a balanced portfolio - I am very lucky in that respect and always follow the adage - don't "invest" (lol where IOG is concerned) what you can't afford to lose.
What gets my goat is that on these bbs any dissent just gets shouted down or pooh poohed - and when such a positive mind-set exists people are "surprised" when the "s h i t" hits the fan.
I should have walked ages ago (and to be honest have traded in and out) when - and I know I keep on harping on about it - the "management" here dismissed the likes of AA and his team at RRE for possible discussions. The joke is - the "management" team here had already lost a fortune for investors and AA and his team earned a fortune for their equivalent - so who on Earth were they to act so disdainfully as obviously the team at RRE knew what they were doing and have proved at KIST now they are excellent operators?!
Let's see if there are any director buys over the next couple of days as this will be "telling"?
All IMHO, DYOR.
IMHO, the mis-leading element occurred when the satellite pictures emerged.
The company should have acted upon this as this did create a false market, IMHO.
The price certainly strengthened from around the 8th or 9th December. Was that just a coincidence? Or, people surely inferred from this that things were going well and bought in?
Newall was just talking up what he knew at the time about the well.
I can't help meself but in response to all the recent posters taking the p*** out of me with Buffett remarks - I'd be interested to hear how impressed BH are at the moment, lol!!
All IMHO, DYOR.
K3VMC - I don't disagree but from my perspective the risks are significantly higher here now than "before"!
Director buying would be a great indicator, IMHO.
As I say poorinvester - be prepared to lose everything as if this does not go too well - it will effectively become a "zombie" producer.
However at or around this price is very cheap for the potential upside - I am a likely seller though over next few days weeks (but I always bloody say that, lol!) whilst this initial knee-jerk reaction works itself out as just lost faith in "management" here. The new Ops guy seems very good but he has inherited a pile of pooh operationally and shame on previous "management" for letting it get this way - and it will take him good time to get this turned around.
I am sure it will survive but not got much visibility regarding debt repayment so you takes your bets!!
As ever all IMHO, DYOR!
Well really good from this share price and again if the wells clearing up produce significantly better than to date - but pretty risky is it not now - great upside but only "invest" what you can afford to lose!
stublu - as per my earlier message whereby all my "industry mates" laughed at me - as well as IOG of course - and I arrogantly thought they were wrong - well that's me buying a few rounds for a little while - to avoid further embarrassment!! I personally think there is still "some" value from here but that is hoping they are working out on their other producing assets - which they were kind of silent on today - is that another "flag" or just good news hopefully to come - certainly the drilling of Blythe makes great sense - as long as they've got their G&G correct on that - ahem I'll get me coat!
Mole mate I have not got a clue and the last thing they want now is complaint to the FCA regarding potentially misleading information already being in market and they didn't update at that time - surely they have known about this cluster f*** for a long time now- before the 8th / 11th January anyway?
Re RRE - something certainly could have been done - this arrogant "management" team (as lets face it the operations man is the only "newie") didn't even talk to them - but hey they've created loads of value since then, lol!!
All imHo and DYOR of course?!
Just thought I'd repeat a pots over on ADV that may remind people about the (potential) RRE offer which everyone with great e&p experience etc said was total crap?
..."Evil - there's always been a lot of risk here - just the way the dream team Bod sold it - people didn't truly appreciate - I think I'll go over to LSE and remind them that the very generous potential offer from AA at RRE at 20p should have been snapped up years ago!! There'll still be some "die-hards" denying this of course"
All imHo and DYOR folks!"...
I think the issue for them is two fold.
1. The G&G clusterf**** which is simply o&g risk but
2. The flares satellite information available from 8th or 9th which considering what company knew at that time should IMHO have required a correction RNS?
3. I don't know but boy they are going to need some really low LTIPS now to hopefully incentivise the dream team to stay on?
4. Perhaps they could wheel out AH again to tell us how amazing the team is and what they have achieved in such a small time frame again?
This may help?
All IMHO, dyor.
W69, Knowles, re W Buffett, did anyone pass over my guidance text as perhaps that may have helped?!
All imHo, DYOR.
Lol been saying that for ages, should have sold ages ago.
Another cluster f*** for IOG!!
I'll tell you what though they deserve a fat load more LTIPS as they ve been working so so hard over Xmas!!
There you have it.
I think they should have RNS'd this news as soon as the flares were seen as the company must have been aware this created a false market?
Appalling, IMHO.
I haven't a clue mate, there are a plethora of reasons and I'm assuming "hopefully" most centre around weather but there could be others which are temporaey in nature and worked around as well. I suggest googling as there is lots of data available on Inter Web and I certainly wouldn't want to speculate here. As I say I personally think this will come good and simply hope that IOG are not reverting back to previous "form". Deniscaf just for you, all IMEHO, dyor. E for extra.
Hey MNN, thanks so much for your kind words and advice buddy. I've been investing trading now for over 30 years. May I ask how many you have and what kind of returns you've achieved as you seem so much more experienced than me? Ps still no fing news. Let's hope when it finally arrives it will be a barn stirmer as I feel quite a few on here have been perennially "averaging" down?!
************** bizarre - should be e-x-c-h-a-n-g-e?
stublu - re industry purchasers not an issue for me - perhaps it is O&G snobbery but as I say none of my mates - to my knowledge have bought in IOG however to be very clear my POV at 10p - which is my current investment level - is it is a very good proposition, especially with CEO/COO change.
In response to other posters on here I still reserve the right to criticise IMHO about various aspects of companies I hold - even if in profit or loss in that share.
So it depends on the investment point as well for any buyer, as to whether there is good "value". If Southwark comes in as prognosed - we could even see early thirties relatively quickly again and if other assets plus Blythe 2 come in - "possibly" early fifties? All IMHO and DYOR.
I saw a reference to the 94 BCF being not bad for an AIM company - not being clever but what does the ************** it is traded on - have to do with the assets? Isn't SQZ/TXP an AIM company? Off out for evening now so don't take non reply as rudeness or implicit agreement!
Best of luck all.
Sorry put mole was TRD125 on ADV - I'm assuming Knowles - please see reply below re Buffet.
W69 - mole - (TRD125?) - I'm just back in now and got to push out in half an hour but I'll post same reply over on LSE - do you understand that Buffet isn't an investor in IOG but some (most) of the assets only and that is a totally very different proposition from purchasing equity in IOG? They will be also be on a very different level of information provision as to us share-holders and whilst a good deal for them - I seriously wonder at how happy they are with regard to project development and controls. You do realise this is a very small investment for them compared to their US O&G assets and they did elect not to take part in a couple of the IOG wells (from memory) which meant they did not pay toward them and were not positive return for share-holders as well? Apologies if I'm incorrect regarding number of wells they didn't take part with IOG - and happy to be corrected on that. All imho and dyor of course.
My purchase price on this current investment in IOG was 10p by the way.