Member Info for edgar222

Denis

Depends on the terms of the farmout contract. I dont know whether they have a veto over their partner selling to a new operator. I dont know whether that is industry standard. I would be surprised if it was. But I dont know.

Denos

CalE dont hold shares in IOG so would not have a vote. They hold 50% of the licence.

Lol Tanz no apologies needed. Not a day or any other sort of trader in Aminex. Have been in and out of IOG profitably and brought my average down there. (Not recently as re-rate coming there). But not Aminex. As I say, I probably should have sold more over the years but I havent and have made my peace with it.

GLA

Tanz

You think I am day trading Aminex?

I take that as a real compliment. Because I wouldn't know how! Only time I have ever sold some was in 2017 at 7p. I declared it then and should have sold a lot more then!

Jetty

I agree. And obvious newsflow for years especially with a business friendly govt in place.

The decision when to sell gets harder! I had a target in mind but the gas in place numbers have recently risen, may do again on seismic and again on drilling. Then serious newsflow and action before production. Historic talk of another 6 or so wells. And the chance of oil in the background. Which means my target price is going up. I have so many now I should plan a topslice.

I suppose the other option is to trade the news and anticipate spikes as it goes up generally. But I am rubbish at that!

Good problem to have.

Good!

Hope AEX are not considering this.

Never mind the cash to buy. The cash to operate / pay share is prohibitive.

Ggis

Agreed!

Best

Andrew Austin of Kistos/Serica shenanigans.

Is that the same Andrew Austin who tried to buy IOG while he was at RRE?

Hmmmm!

Hidden away in the RNS is the comment that the new production site can process material for others too...

Good news. Worth waiting for.

Kist and sqz getting together. Both touted as a fit for IOG. Interesting times

You could not have any of my golden tickets for 4p.

Got to be worth 400m mcap? Closer to 8-10p? If Cove is a valid comparator it could be worth double that on a buy out.

Its the reserves that will propel this not the production. The numbers are staggering and are just going to get bigger.

....if I wanted to buy your Aminex shares today, what would I have to pay to get them off you?

Masks

Have heard before the comparison with SQZ. Hoping it applies here! What finally set it off on the upwards? Was it just confirmation of flow and cash and harder evidence for the market?

No you havent missed anything.

Brian Hall in an interview in late April said it would be 1 month until production plans were announced. He then said, in what seemed like a stumbling afterthought, 2 months max. Those 2 months are up. I am an investor who is patient but that is running out now. Since the produced dore bar we have had virtual radio silence on production plans. Not good enough.

If you accept that revenue is more than the current mcap and profits per annum are at just below the current mcap and the industry average p/e is 6-10.

Then thats a long winded way of saying the price could go up 6-10 times.

So many variables here it is hard to value. Lots of moving pieces. Gas price primarily. But stabilised production and forward confidence re production will deal with one big variable. The bond is known (and not due until 2024). The debt is known but income will deal with it. Valuation becoming easier as the weeks pass. Which means more buyers. Because everyone can see that on stable production at anything approaching these gas prices levels IoG is too cheap.

On a day when virtually everything is down.

News coming?

Not sure I have seen that as a definite plan, lowpay.

They have certainly talked of contractors and security being an issue.

Like everyone else I just want details and a route to income. Not very impressed at the speed of the plans at the moment.

Not sure I understand.

There is no imminent production from anywhere else.

Kewben

Are the spoil heaps and tailings not the feed for production?

I thought that was established and it was just about building the plant now.