The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
COO given options to buy shares at an average of around the all time high. Plus he'd need it to be higher to make any conversion worthwhile. Huge dilution imminent :(
Not bad for little old IOG. :)
Hi Peakview, a £67k trade showing up too. Not bad for little old IOG.
Pipedragger - you should really delve a bit deeper. LOG would be well over the threshold for making an offer in your scenario. Of course, who would be left to run the company in the event of a hostile event such as that? Maybe you could step up?
Who know maybe IOG will announce in September finance package to complement FDP / FID, based upon additional contractor deferrals, gas pre-pay, loan facilities and who knows what else... and confirm commencement of hub construction activities and their imminent plans to drill Harvey to take advantage of somewhat soft jackup rates?
Or maybe we're all on the brink of dilutive oblivion followed by a LOG hostile takeover and permanent souring of UK/Swiss relations.... eeeeek, abandon ship!
I'm away to bite my nails as we await the unraveling :)
Hi 600. Http://www.ithacaenergy.com - these are the guys. Delek took them out. Interesting analogue in terms of scale etc with what IOG are building. Nothing's certain of course but IOG are heading towards a scale of development/infrastructure that these mid caps would be interested. Especially when you see the landscape change towards gas, inc. the majors. IOG build, assets start to come on stream, company's looking for production expansion / replacement take it out, everyone makes multiples without having to worry about selling into the market. Carlsberg etc...!! :)
The exit path here is a liquidity event, c.2020-21 when the hubs start to move into production. See the timeframe that Ithaca experienced. That's for LOG, Swiss, Management and any PIs that hold until that point. Until then it's just about creating value to maximise the sale price. Any equity issue here dilutes LOG and the Swiss as much and potentially more than PIs. We shall see....
A little bit of redemption for the co. here I think. Another IPP run at this point would've been a pain with the vessel situation.
Most important thing (in my opinion only) is that the funding group must be content with the approach else they wouldn't have taken it.
You'd imagine they'll be cutting first steel not very long after FID/FDP approval.
:)
:)
Good news. Next stop FDP approval and FID.
I'm not sure what a NED is meant to 'deliver' right enough. Maybe draft can explain? How's Algy getting on delivering your telephone numbers 10bagger? "Lol".
Interesting appointment - the CEO of Echo.
Was needed to strengthen the board.
I may have to bring out "the torch" again to extract some information about when and what vessel is mobbing for the re-run.
Anyone got a spare dinghy with a crane?
*Seven Eagle I mean.... :)
Re. the vessels, I had wondered similar GGitS as the Pelican has been hanging about P'head for a while now with no sign of urgency in it moving southward. Normally a window like that would be used if you had a small scope of work to do?
Maybe a chance that the need to re-do the IPP has been relegated? For now at least?
See what shakes out over the coming period, price is stable at least which is good to see.
Maybe Jumpedship, will see if it starts moving south or if it hangs around the Shetlands. The Eagle has been berthed in (and off) P'head for couple of days now too.
The Swiss have obviously returned from a long weekend on the shores of Lake Geneva and have started buying again. Oh Alexander. Nothing indicating a vessel is en route at the moment re. the pigging.
Wagtander - it's obvious when you think about it. IOG is a massive scam and you've simply been hoodwinked by the posters on this messageboard. Are there no ethics left in this world? :(
Well done dinsalas. All about having a strategy.
Can't help but chuckle at these Swiss guys just nonchalantly picking up 10% of the co. Wonder if they're finished or more to come?
That £1.2million trade was the Franciscan monks. Seriously though, wtf.
It's 1billion shares at <10p dilution predictor Only!! Long time no see! No they havent made a commitment, well not in an RNS anyway. How come? Big concerns? :-(