Member Info for legache

No mention of divi. I'd say they are spending the cash on something else. ;-)

He owns <2% of IO&G https://www.investegate.co.uk/david-newlands/rns/form-8-3---independent-oil---gas-plc/202009141151489120Y/

No declaration for us though. Would be lovely to see him on board, particularly if he gets enough to have a voice.

I've been watching the patterns of trades. Its seems there is a buyer. Just when one thinks all hope is lost...

It would also be worth commenting that gas prices are currently 55p a therm.

To me, this business looks like a legal way to print money.

Judging by the 20% fall in the share price since last week, all of these statements seem rather optimistic!

See his post, 6th of Jan

https://tvc-invdn-com.akamaized.net/data/tvc_d52a59be170609083854cc107f2ec71b.png

Agree with him and reckon it could bounce from here. Otherwise it's 14p, then, well, less.

These some promising drills coming up with a large upside. They have a good record with the drill as well.

I'd rather be buying this at 17p than some of the dross of AIM. I've topped up [averaged down] recently, whihc is something i try not to do on my stocks.

Gas and oil prices are of course closely correlated. Didn't think I need to say Gas and oil. It's obvious.

I was quoting GRHs post below. It's not so unreasonable if the oil price increase a little.

No. They're making a lot of cash. Simple as that.

Anyone who says the city isn't bent needs to look at this spread. Its a handful of institutions doing this in concert to make a buck. Of course, i have no proof, but I've seen it before.

For whatever reason, there is an increasing disconnect between our cap and the cash we pulling in. Don't worry, it can't go on forever and IMO is an opportunity that rarely comes along. I have pulled stuff out of other things to put in here. I have crunched the numbers and I can't I'm the only one who is amazed at the discount. A PE of 1. What?

it could go anywhere

I disagree on a purely technical basis. It keeps testing 3 and the support seems very sold. I would be surprised baring a series of odd events, that this would fall significantly and permanently below 3p. But i have been wrong before.

From SDX Twitter feed:

SDX Energy
@sdxenergy
·
Jan 11
Peel Hunt has included #SDX in its top small cap stock picks, commenting “2020 was a year of excellent operational delivery” and they see the Hanut exploration well (South Disouq), the drilling in Morocco and in West Gharib as potential catalysts in 2021

Just remember that before the celebration.

Sorry to correct you, but cash has been going down, since they keep spending it.

I thought about throwing the towel here but have since given myself a good talking to. The cash should start to rise back up over the next year or two so I can't see much downside even if they drill in the wrong spot, which they tend not to do.

I can see a repeat of 28p here?

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You are aware that the share price is 3.2p. What on earth would be a catalyst for that sort of rise?

I'm in a little lower, but seeking to build a large position so will be trading the swings.

It's Le Gache [my surname] btw [a type of fruit loaf - I'm half French]. Please no jokes about Leg Aches or Fruit Loafs, I've heard them all before.

Yes, a couple of bucks an mcf must have been South Disouq then. I also recall some contracts in the 9 dollar range. I'm always mixing up Morrocc0o and Egypt!

I need to go back and have a look through my notes.

thanks Shakey!

I bet, given my rough knowledge of these things that it's a fixed price for x days and then renegotiate... I think the price was super low from memory... [i remember thinking we were doing Peugeot a massive favour!]

i shall look it up.

Some strong buying here. I wonder how much stock the MM's are willing to let go at these levels. There can't be a great deal of liquidity down here.