Member Info for GoldAnOil

Well, if you are sure of that, sell now and buy back cheaper!

...the SP increase holding following the two recent contract wins, £800,000,000 is no small amount and puts GFRD right up there. Hopefully the BoD will have learned from past mistakes and we might actually turn a profit on the deals, being as this seems to be the way we're heading.
With the proceeds from the Bovis deal and dividend being maintained, I see this as a good long term prospect. Certainly makes the RI seems like a bargain now!

...are probably still well down and many.like myself, invested in a promising oil producer, only to find that they had been mislead and could probably kiss goodbye to their investment.
Now we are seeing a hope for the future and the promise of some return long term, if we can believe what we are told.
The YT interview was very upbeat and positive, but there again so were the HNR clips, and indeed they did the job, brought the investors in and painted a rosy future. Sadly, it didn't work out did it.
We now have a new face, a new future and the promise of a new business offering much. So do we average down or hold on to what we've got and sell out when the time is right for us. Like may here, I bought in the 20's and am currently about £8k down, so quite a way to go to get back my investment. Sadly I lack the funds to average down, so I'll keep watching and waiting. I really hope we can trust the new face, he certainly talks a good game.

...to have hit the support at 110p. Good buys coming in at that level.
Time to join them and top up methinks!

I for one won't be selling at this price. I'm just debating whether to buy more or wait until the buying window opens a little more.
No problems with CEY,
Buy the Dips, sell the Tips !

These people keep pestering me to borrow money off them, they seem to have loads of it!
Might be worth SM giving them a ring.
https://securitytrust.finance/

...to see the gains being held and steady buying at the higher SP. The Div'si are attractive and with the promised increase in sales from the new partnerships, they will hopefully grow in the future.
I'm happy buying more at this price to bring my average down to around the £2 mark.

I've been in and out of KLR for many years and usually made a nice profit. I'm currently out, but have been watching closely for the last few months on the run up to the September update. The update was not very positive although the future forecast wasn't that bad. I've faith in the company and I'm sure the SP will recover.
However with the fall in the SP and the current weakness of the £, I wonder if it is being eyed as a takeover target.If so, who would be the likely buyer?
Vinci or Bechtel would be my favourites and KLR would fit well with either and they could both afford it.
My only problem now is when to get back in and with how much. I'm not sure that the bottom has been reached and fear we could we slip into the 400's?
Thoughts anybody?

Bit of long awaited profit taking I should think. Personally my average is around 250p so I've a long way to go, but I'm happy to wait and pick up the Divi's every six months.

Just got back and was very pleased to see that the rise had held and actually been improved upon.
Seems that CARD is back in favour!

...the presentation to analyst this morning will lead to a re-rating, which should help to keep hold of the gains today and see us back where we belong...over 200p

Not sure who that big buy was, but he's in profit by over £20,000 already, plus a similar amount in Divi's.

Whilst having every sympathy with all LTH's who are currently down, I doubt that government funding will happen. It is a private venture, which although very promising and having the potential to be a big earner in the future is no different from some of my big losers.
Noventa Mining, D1 oils, Angel Mining, Cosalt and even large companies like Laird, among others, were examples of investors funding the development/reconsruction and being tripped up at the final fence. Why should this be treated differently?
Getting in early can be, but rarely is, profitable. Those that select the winners are few and far between, those who fund the losers, (like myself), only to see them be bought out of liquidation for peanuts and then start to thrive are the majority.
Sadly, I see SM being bought by one of the big players and doing very well eventually. For the small SH's here, I hope I'm wrong and the BoD manage to sort the funding issue AND keep the company.
Good luck to you all.

Interesting buy of £490,000 - 290,000+ shares this morning at 168p. Is that somebody getting in for the divi payout or maybe Neil topping up!
Maybe time I took another look myself.

Yes, does seem strange that 3 supposedly separate posters post on the board for the first time, at the same time, saying the same thing. Wouldn't be a de-ramp would it?

...seems to have stabilised into a slight uptrend, so I'm grabbing another 24,000 with my left over holiday 'spends'.
Onwards and Upwards!

'Independent Oil & Gas

The FCA are investigating London Capital and Finance but this should not affect IOG in any way.'

Oh well that's ok then!

...either a good buying window, or a worrying development.
Having been the victim of several situations which were very similar to this, i.e potentially promising companies with 'great prospects' only to find the company run out of cash and the SP fall and the lender or predatory bidder end up taking the assets and/or ownership of the company, just as it's potential has almost been reached.

Noventa Mining, D1 oils, Angel Mining, Cosalt and even large companies like Laird, amongst others were examples of investors funding the development/reconsruction and being tripped up at the final fence.

As a lth here with an average of around 25p, my main worry is a hostile T/o. With a market cap of only around £18m and possible production on the horizon, it is a very critical time for the BoD to be active and ensure that the company does not get in a situation where that could occour.

If we are being told all, the situation is not of our making and is indeed a good chance to average down. However my previous bad experiences also offered that promise and ended in insovency or buy out so I am reluctant to plough more in at the moment.

Lower oil price doesn't help, but that should improve and given a fair chance I still believe that IOG has massive potential. I only hope that the smaller investors are given their fair share of that potential.

Not a de-ramp, merely the worries of a small investor, just returned from holiday and hit with a further 25% drop in my future pension's value.

I agree that Director buys are a good sign, although seeing they all had big sales in September for tax reasons, I would have expected more buys by now.

Having been in and out of here since 2010, I made quite a bit initially but lost some of the gains due to bad timing on my part, but the dividend has usually been pretty good and has been sustained. The SP has certainly offered good profits for those whose timing was better than mine.

With the current low, I feel that the divi is even more attractive, offering around 12% at current levels. Can this be maintained? IF the bad news is all out, I think so. Personally, I feel the bottom has been reached and although it will be a slow trek, we should see an increase from here.

With my Christmas bonus in the bank, and most of the 'Big Spend' out of the way, I'm tempted to follow the lead of Mr Teagle, albeit at a slightly lower level. So I'm watching today for signs of an uplift with my finger on the 'Buy' button.

Merry Christmas one and all. May we all prosper in the New Year.

...surely the bottom!
At this price it is a buy and put away, just for the divi, as IMHO I feel the recent report, (if it told all), wasn't bad enough to warrant the huge drop.
So is it oversold or have we got more bad news on the way?
Generally the BoD are pretty straight, but these days...who can we trust!