The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
One of the original board nominees as part of the loan Jumpedship.
Not a good result for the Wick partners, assume Ensco off to Colter and then to Harvey in March. Better than any cold stacked rig!
Tier - yes, you should sell immediately. If possible at 08:00:01 tomorrow. The last thing you want to do is be drawn into this dispacable Tory plot, all headed up by 'ol Ruddy.
Can you post the trade before it goes through so we know you managed to sell OK. Kind of like "ring 3 times so I know you're safe".
Tier - why is he saying it? To get people to subscribe to his website.
What is he saying? If you think it's of value you should subscribe and have a look. I think it's something to do with Amber Rudd delaying the roll out of universal credit as she's spent all of the DWPs budget on IOG shares. Sad times.
600T - yes, from 11th October. (the post that is).
All of willuneverlearn's posts have gone.
600T - I think for clarity it's worth pointing out the the post you copied and pasted isn't BUTD talking to his previous username, willuneverlearn.
It's BUTD copying a post that GGITS posted on here to willuneverlearn. When BUTD re-registered under that new name he then reposted it under his new username, seeking bulletin board kudos. +10 points I think.
? No.
Shortly after "BUTD" appeared he posted something to GGiTS re. previous posts that GGitS made to him. GGitS queried this and BUTD then posted a copy of a post the GGiTS had made to his previous username, "Willuneverlearn".
It's a special type of person that has the need to convey how superior they feel compared to strangers on the internet.
Brexit now. Phenomenal.
600T - I think the post you put up was the new incarnation re-posting a post addressed to the old incarnation. I'm sure it will be less confusing when the next iteration appears... maybe as a result of another 'dodgy firewall at a bank'. Quite why that needed a new username (and removal of the old username's posts) rather than a password change is anyone's guess.
Indeed David you should sell ASAP.
Now - I'm an advocate of playing the ball and not the man but this does make me chuckle (maybe it's both the ball and the man? Vinnie Jones style)
https://twitter.com/realmanpizza?lang=en
Nominee accounts Trustatrade.
Hendry / Ruscoe - Nominated by LOG onto IOG board as part of LOG to IOG lending agreement as I'm sure we all know. Not sure what conflict they could have, neither are directors / involved with LCF as far as I can see.
LOG appear to say they have non-LCF source of finance, ref. Times article. Clearly it's hard for PI's to validate that but taking at face value suggests things continue. We shall of course see.
IOG say remaining funds are available ref. their RNS. I believe that (those funds may already be with LOG, from another non-LCF source) but I also expect that situation may be liable to change. Also RNS comments re. loan-call back and small amount of short-term maturity, for me, brings some comfort at this point.
It would be my view that the assets (2P + pipeline) would be suitably attractive to refinance if needed. I would expect PIs to take a dilutive hit of course, but I also remember that a large chunk of the LOG loan is convertible at 8p anyway.
Extremely far from ideal situation of course and not one anyone would seek. However, all in my opinion obviously, not a catastrophic situation at the moment.
IOG are real.
The assets are real.
The plan is sensible and hold significant value.
Clearly not an investment for everyone however!
One would think, mongy, that you could've thought of a share other than IOG as an "example". UOG maybe?
Oh no wait, you were also suggesting on the UOG messageboard that they should considering buying a stake in IOG. Weird.
NOT A GOOD SIGN.
I know, total disaster mongy.
Wait a sec, an hour before that post you suggested on another board that MATD should try and get in on the IOG action. That's weird?
I hope you're not too much down on your investment there. Not good to see people lose £.
NOT A GOOD SIGN
Dusty - I'm hurt.
Bear market coming, oh crumbs.
I should've bought AAPL in 2000 at 3c... ;)
Retrospective trading is the worst thing you can do, everything looks obvious in hindsight. Do your research, set your rules, your time line and stick to it. Treat the BB as a bit of fun, Dusty and all.
Disappointing and not ideal re. delay. At least the releases the comms now and not on new year's eve, that would've been cruel.
Good to see that the terminal piece should be tied up soon and drilling rig still moving along.
Will be interesting to see how the SP continues to perform, when I read the RNS and knowing AIM I expected worse today, perhaps reflective of the strong assets that the market didn't go too crazy (touch wood etc).
Remain confident that the project will continue, first gas in 2020 please!
Ineos bought Clipper S from (amongst others) Fairfield.... Of course a certain AH had quite prominent role at Fairfield.
Same area, same platform design, our own export route, our own path to market.... It's almost like the story has already been written ;)
I get the impression that one really shouldn't presume old Dusty knows.... well... anything. :)
Afternoon all - I'm expecting the FID / Finance to be wrapped up in a nice packaged RNS too. Then shortly after the FDP approval as, as far as I see, the regulatory side isn't driving the timeline.
Monday would be nice! :D
Hi Trellis - apologies maybe my post wasnt clear, I wasn't trying to say that the bond would be in £.
By sterling downside risk I meant the risk that, post completion, sterling were to fall against the currency of bond issue. IOG would obviously have to pay more back in absolute terms in that scenario which is what I wonder if they would hedge measured FX risk that sterling fall against issue currency to mimimise this impact. Of course, the FX position could also work in IOG's favour / end up neutral over the term.
Aligator - I'm not an expert but as you note various avenues available to IOG ref. protection for currency exposure (downside and update I guess). I've little doubt that the advisors being used by the company ref. the formation of the package will have given appropriate guidance on this.
Plus side I see is that sterling has seen a period of weakness which makes the downside risk (famous last...) somewhat limited, in my opinion of course.
Given the finance negotiations have been ongoing when Brexit has been an ever looming shadow I personally don't think that would be a barrier but I am often, often, wrong.