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I think there won’t be a strike in Australia, suspect they will push it to the brink and then both agree a deal. Fingers crossed they don’t !!!! But it does highlight the need for our own gas supplies along side the war in Ukraine etc. With the government putting pressure on the banks to invest more in this sector again the spotlight is on here. This is big investment being discussed and it seems to be high on the governments agenda. Looking at IOG share history they have been down here before around the 4p price a couple of times and it’s turned around. I see no reason why this can’t happen again? I agree no news isn’t a bad thing at the moment. Gas is up we know we have production (If we hadn’t that would have been reported!) The umbers stack up to pay the waiver and have money in the bank if gas is predicted as we think to keep going up. For me this is all about after Xmas to March and what developments happen then. By this time I see the share back up around 4 / 5p with potential on the horizon.
Hmmm seems to be a bit of morning interest. Hopefully a change of direction. Fingers crossed.
Agreed. That was my thought last week when I saw the shorts and extended, pure manipulation. You can see the pattern also with how closely bulk sales of the shares are put through, almost within minutes.
A lot of speculation about this company at the moment, these things play out over a significant period of time and I think IOG have enough up their sleeve to see things play out over the next year. (Which includes progress)
Could this just not just be a manipulation of the share by GSA? Buy gradually over a period of time so it doesn’t affect the share? Short it and offload quickly to keep the share down during quiet periods? So not insider dealing just manipulation? Or am I talking crap ?
Hence I wondered can you see how long the shirt is for ?
I’m hoping there is no inside information here and it’s just gsa seeing an opportunity. Open to more info if someone can add to my theory. Thanks (I haven’t got enough money to manipulate but if I had I probably would if that’s what you do as a living)
Do the shorts work with a time period on them? I don’t really know the details about shorting just the concept?
Is does seem to Coincide with volume a steady being sold off.
Thanks
Funny that & you have 5 hefty sell transactions right at the end of the day.
Surely maintenance work should be completed.
Should we have an update on this or was it covered in the last RNS saying 1 week and that is taken as a given.
Gas prices are up and looking like they are staying there.
Waiver on schedule to be paid end of Sept.
A whole autumn and winter of revenue.
News of new licenses due.
I would have thought this would have been creeping up over the past few weeks, not massive jumps but a steady increase? What I’m looking to hear about here is what plans and stimulus they have for the future. Lots of balls to juggle but what is next ?
Not really ramping, passing on an article written
August 4, 2023. So I would say recent.
Seems like a positive point of view ?
Big spread on here this morning? Why would that be? Things seem flat at the moment
They are in the gas and oil industry so gas prices are very relevant, better the price the more dollar the company can make. Pay the waivers, more money to invest. Stimulate the i gas fields IOG have and plan the next project. Gas price is very important at this moment in time. So embarrass the good news it’s up !
Lets hope IOG haven't made shut down this week 🙃
Gas is starting to creep up.
Why the volume and spike yesterday?
Good to finish on 6% up and happy for that all week.
Not sure what the close was? 3.8% or google showing 8.17% ?
But if it keeps adding 3-4% every day for the next week I'll be happy with that.
People still jostling what they've bought over the past few weeks.
No you can't agreed, but what you can do is focus on resolving the issues turning it around without think next month it's all done. So this gives the company ample time to work on different options whilst gas is flowing and the price is on the rise.
It all most became a perfect storm for IOG but I think they are out of rough waters and able to focus on what's needed for that RNS 'Half-Year Operational Update' (like I said) they put that out for a reason.
Am I wrong in thinking that the waiver is agreed, they currently have the money in the bank to pay it but due to legal reasons that sum needs to stay in the account? Gas is flowing and the reason for the extension is to allow IOG to have more money in the bank to pay both this interest payment and also at the end of Sept the next instalment. This in turn will allow funds to build and reap the benefits of higher gas prices which will take us through autumn & winter taking us to March?
So surely the reason of the waiver by the bond holders is because they see potential otherwise it is just kicking the can down the road. So I got back to the 'Half-Year Operational Update' Which I think people need to look at. The reason the board put this out was to highlight several options to all and sundry.
This should be our focus now and drive, what happens next? The MD & board have lots of options and now I think breathing space to achieve without worrying about the bond for the next year. Am I wrong in my thinking?
There are better people on here with the maths and more experienced drillers etc, but this is how I see the bigger picture?
I suspect this will keep rising but gradually. People will be getting out who thought they would make a quick buck in last few weeks (it was manipulated by the shorts when there was uncertainty) and got caught in at low prices.
But this company has a lot to offer and is more than a quick buy and dump. So I suspect more developments in the coming months if not weeks and plans to progress now this is sorted and gas price increasing. North Sea is a hot topic and part of UK future plan, it's not going away. IOG is well positioned now.
It's done 😊
That's fine what they have negotiated, The equity swap its always in the back pocket if needed at a later point so no need to rush into that?
Obviously this have stabilised here and I do see a small recovery over the next week or so.
Waiver needs to be signed extra.
IOG has a got a life line and a good one to do something over the next few months.
Slightly reliant on Gas prices going up over the next few months and into winter to really capitalise.
My understanding that the money is in the bank to pay now to pay interest? So my understanding about having this waiver is to keep reserves in the bank due to other obligations?
So the next 2 months are needed to keep cash coming in then payments can start to happen lick clockwork with no issues?
In my opinion IOG put out a strategy in an RNS a few weeks back outlining options for the company, surely the next real stage for this company is working out which of these balls to juggle. So what the company reports next is really important regarding actual plans, cost and when this will happen?
People speculated on the news , bought this morning, share price went up on the back of good RNS. They are selling and taking their cut. They aren’t bothered about a longer term rise or investment