Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I would say rightly Pawn. I consider myself sympathetic to the environmental cause but until we can do without hydrocarbons we should try our best to be self sufficient and the debate against fracking was flakey nonsence from jumped up locals rather than genuine scientific concern IMO. Igas now well placed without it, but much of the balance sheet right downs I believe to have been down to the fracking moratorium so any media change on fracking can only add potential upside.
Next time I sell my car I might stick a few bills for petrol and air fresheners I had to buy between the buyers deposit and their final payment. What’re my chances?
Whilst googling for any IGas news I came across this report. Its over a week old so appologies if already posted, but I hadn't read before:
https://total-market-solutions.com/2021/09/igas-energy-plc/
Not sure if our pensioners and poor struggling to heat their homes this winter will reopen the fracking debate, but it is another potential upside I hadn't considered and would be a gamechanger for IGas's core revenue.
IP - this share dealing is a fickle business. Lots of people chasing the ball when they should be thinking about taking up a strategic position for the next pass. We need some news to spark interest here - not even sure any more that an RNS with a significant new II would do it at this point. I suspect media stories around Hydrogen and Deep Geothermal along with production updates will start to turn the tide, and I'm hoping to head it in the net. Good luck
What about the bit where the Cineplex Lawyer feels like he lands a punch and tries to cut to the break in dramatic triumphant style but turns out he’d read his watch wrong. Quality stuff.
Mooky is like a Bond villain, calm collected and the accent adds baddie character. Whilst its quite clear Cineworld were looking for a way out of the deal early on, they haven’t proven it and Mooky is doing a great job of sticking to the line that intention was to continue with the deal. Ultimately the work by Cineplex to defer outgoings and materially compromise the business makes this p1sh seem insignificant. So what if they wanted a way out - you gave them loads…
0.1653 close. Nothing to shout about, but at least its blue on a rather red day across the board.
Tweet from IGas to BoJo yesterday:
Build back better Boris. Stoke-on-Trent geothermal project has the potential to create green economy skills and jobs, reducing carbon emissions by 11,000 tonnes p.a. and generating heat = to the energy needs of 4,000 homes. We are shovel ready
@jogideon @BorisJohnson
The MF article was fair enough IMO. The author was clearly bearish on future cinema footfall, which would put Cineworld in a very difficult position because it is so heavily leveraged. If you agree with the author's view you probably shouldn't invest here. If like me you feel more bullish about the future of cinemas in general, Cineworld being so heavily leveraged creates the opportunity as a 20% increase in EV could translate to around 140% in MCap and therefore SP. This remains a high risk investment, but plenty of upside to balance the risk IMO. Worth noting that even the MF bear made a throwaway comment that CINE could hit a £1 this year to cover his A...
Another day, another drop in IGas… FY EBITDA should be pushing £6m here. Please someone, tell me what I am missing. I’m hoping the answer is patience.
On the HSBC question they seem to adjust investment regularly. 2 up and 1 down in the past few weeks all relatively small movements. Expecting an RNS soon with a new or significant increase from an existing II based on trades witnessed.
BB. Worth reading the interim results RNS. Around 2000 BOEPD. Spike was based on an announcement about partnership with SSE on a deep Geothermal project.
ECHO BB getting excited about an RNS confirming around 300 BOEPD for a company based in Latin america, with more debt than IGas and a cap of £8m... Go figure...
Likewise FA, just made another top up, now my third largest holding (£2K@0.1664). I'm aware I've been very positive here and the SP movements haven't reflected my views but there are often detractors on these BBs with a different view challenging any positive claims. Other than some questions around the balance sheet here there seems to be no significant views with an narative to challenge the fact that IGas are turning a corner, increasing cash generation, undervalued and moving into areas that have significant potential.
IIAG couldn't agree more. Worth pointing out that only around 50% of their capacity is hedged so still time for a great H2.
You don't even mention deep geothermal which is the most exciting prospect of all, even though I have no idea about the commercialisation. It is already proven technology in many country's for some time though so it must clean its feet already. On the basic fundamentals of the core company I feel this should have an EV of at least £50m which would almost double the current SP.
Last couple of trading days have been very disappointing indeed. The fact that volume has fallen off a cliff since the KOGs sells appear to have dried up may reinforce the theory that there was a significant background buyer and I don't think that we ever got a TR-1 that lined up with the £2.3m purchase around a week ago. I still feel relatively confident here, but it looks like it may need more time than I hoped. GLA
For anyone wanting homework over the weekend, try a comparison between IGAS and UKOG. Revenue, gross profit, level of development for green diversification then explain how IGAS has a lower MCap? Their balance sheet looks good, but on every other metric IGas is miles ahead…
Some sizeable late reported buys at a good premium over the SP at the transaction time. Someone trying to build a significant position at a low price which will be difficult with these volumes. Still hope for next week…
EP you do like a spike eh? Your first post was at 1.55 over there does that mean you still have a bit to go to get back to evens?
You didn’t miss much here. Looking more and more like one to shelve for a bit until some news.
Couldn't resist - in for another £2k at 0.1714. Can't be much downside from here... can there???