Member Info for JAMESY1980

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???

Sorry for being lazy, but can someone remind me how many bitcoin ARB currently hold?

RS - I don't believe HSBC and KOG are updated on their list yet. They are probably waiting until all the RNS's are out...

AH - Significantly undervalued at present IMO. BB has been active for the past week so you will see our views. Basically we suspect a persistent background seller since the spike and continuing now who are deflating the SP, but results are positive for the core business with exciting diversification plans addin potential upside. Other IIs uping stakes as well. DYOR though.

Not sure trying to predict this one is a good idea Parsnip but I believe it will come good. Today, next week, the week after, who knows.

Easy with hindsight, but it looks like KOG's non exec placement (Hans Årstad) stood down from the Board in May 21. bailing out is likely to have been on the cards since then and they waited for some good news to create volume to help their exit.

4% is still 5m shares which is a lot of 20k's, but it does feel that we must be getting close to that number as there were a few 1/2m bundles. The only question is whether anyone will remember all the good news by the time they are done?

So quiet I'm nodding off ZZZZZZZ....ZZZZZZ Volumes gone and big seller still going at a slower rate IMO. 6 positive RNSs in the past two weeks, revenues approaching 2018 & 2019 levels, oil and gas prices soaring, credible partnerships for diversification into deep Geothermal and we're down... I'm normally patient, but thought this one would take off quicker... I still believe in the fundamentals here.