Member Info for mcsquares

back as you suggest is the Market Makers catching up with the price. Trying to square the book off before the next gap up. I would say a few traders over at Con are taking a bit of profit from here - I am sure they will be back soon enough (hopefully with more to invest and at a higher price) 4p buy the end of today :)

to jump in here I see. Hopefully see you back over there is there gold in hills of Donegall - Goats Dont Shave have the answer https://www.youtube.com/watch?v=dL_PXBt85rY

at 2.8p yesterday, not with a view of reaching £1, 50p or 30p To put a figure on the potential is maddness- the industry is massive and assuming that they can get the approval required and bring it successfully to the market, then the company will be very quickly taken over. Unfortunately for us shareholders we will only not have the pleasure of full value. The price will spike to the mid 20's and then the bid will come in - what we get is anyone's guess. Either way the journey will be choppy as the free-float is tight. Traders will take their 20% and run but as it done yesterday - every sell-off will be met with a move higher. Most likely the same sellers at 3.6p trying to buy now again at 3.4p (they know the potential and will not want to miss out) Hold them tight and avoid trading.

of news coming soon. Every sell off been bought hard - the ladder is climbing with every purchase. Not sure if its a leak or an anticipated approval on the way

Held yesterday and unfortunately missed the move on iog. Not sitting out of that any longer in the hope Of something extra hear Hopefully iog can repeat the move here over the next year

Boulevard IOG could easily repeat the move of IAE assuming the jigsaw comes together as expected. I am already invested there and I will consider adding more over the course of the coming days. Dont want to be chinned twice A poor takeover value and then by a rising SP over there as I wait for a counter offer

I suppose Keith - de-risks the other one I suppose by holding

going through this morning and in round numbers (the Institutional way :)

to diversify my North sea Oil exposure with IOG. Do we hold for a further Bid or move on? Only bought last week based on good advice from some here so whats the thoughts now?

This may have been highlighted before but here goes - All opinions DYOR The Takeover Panel: When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained). Henderson seem to have got close to the 30% (using CFD's plus shares) level before selling down a sizeable amount that equates very similarly to the size of the Griffith new stake. Since then both have been steadily increasing their holdings. Don't know about anyone else but it looks like the Richard Griffiths with the help of Henderson is on the verge of a takeover attempt. As of the 23 January they were at 27.65%. Volume spiked on Friday last on the open - Investor Chronicle tip I would suggest that Griffiths and Henderson will be working very hard on getting the rest of their stake this week and making an offer in the very near future. 16p is my target based on the accounts and the intangibles. The value of the intangibles were questioned based on the downturn in the Natural Resources market. However the past 6 months has seen a marked improvement in the sector and I expect this to be fully reflected in the accounts in March - hence the desire to get a takeover completed ASAP Good Luck tomorrow morning. This stock is very tightly held so could jump very fast

looks like another big buy to be reported. Gap up again on Monday morning Have a good weekend

Check out the three trades around 11.30 Some serious buying going on there. I would suggest Griffiths may have added another few

Market makers happy to take them back

Big buys just gone through!! Herd arriving? By the way for those that may suggest if it is worth 15p why doesn't the share price reflect it? - consider this If you have been stake building in the background you will be incentivising the Market Makers to get you stock as cheap as possible. They wont like this rise today :)

started buying on the holdings RNS. I expect that the timescale has shortened significantly following the IC article. Share price is significantly undervalued and any rise is therefore underpinned by the cash on the balance sheet. If the SP falls back it will be due to a few bits and pieces of profit taking.Market Makers will be tasked to buy on behalf of the background stake builders, however if they cant pick up the stock they will have to raise the price to draw out sellers. If the herd arrive here in the afternoon, the price will be driven up very fast - remember the freefloat is small given the institutional interest. With the guts of 13p cash in the bank that is a mcap of nearly 70million and thats without taking into consideration the c£50m in non cash assets If the "herd" have the ability to decipher a balance sheet and understand the mechanics of what is happening here then this could be 12p by 4.30 today

correct beamer. I would suggest that the Fund Managers over in Henderson know what the company is worth. Its a cash shell with few overheads. Buying £1 for 55p plus intangible assets for free

large stake to facilitate a buyout from private equity. They are buying cash at a significant discount plus picking up assets for free. Watch out for Richard Griffiths. Serial investor in Start ups and ex evolution. He is going to create a reverse takeover scenario Cash shell Buyout price will be around 16p This is a buy and hold until the takeover happens - easy 100% from here. Back drawer.

However I am effectively hedging my positions in the north sea. I have recently bought IOG at the early development stage in the southern north sea and at a significantly lower market cap. This stock de-risks that play for me. The price here despite its run up has been backed up with the barrels of oil coming out of the ground and the imminent go ahead to add an extra 10,000 barrels. The impact of the additional Oil will offer security of cash-flow into the future and improve the debt position of the company. What is not to like/ As someone said earlier just because an SP has gone up 4 fold doesnt means its expensive. The North Sea was effectively dead with an oil price at $20. That's why the SP collapsed. It has recovered with the Oil price as per other oilers. Based on all the new issuance RNS's I am going for an RNS on Monday morning to say all technical difficulties are sorted and we are up and running.

and the oil flows what is the price expectation? No serial ramper responses please

higher lows for a few weeks would be nice. Slow grind back up to the .30 level