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Anyone who admits their shares are worth 3% of what they paid for them shouldn't be calling other people a Wally, lol.
"Anyone who admits their shares are worth 3% of what they paid for them shouldn't be calling other people a Wally, lol."
Tell that to any of the thousands of Australian Dart shareholders that had their company stolen and given to Igas only to find they had no way to sell their shares.
Before the failed restructuring of Igas, they comprised approx 75% of the company's shareholders.
Any other suggestions?
If your suggesting that I'm the same person as the others you mentioned, you're the wally.
I've got way too many shares in this flea=bitten dog of a company.
But they are worth about 3% of the pice I paid for them now.
If Bojo gets in, this company will still have the same useless management that's seen shareholders lose almost all the value in this pathetic investment.
In the last 5 years they've done nothing to advance shareholder's interests and the value has evaporated.
It's nothing but a scam.
I did MYOR All that partner funded development did nothing to prevent the SP from losing 97% of its value.
90p again?? The last time itr was at 90p was before the 1:20 consolidation. 90p now is only 4.5p for anyone that bought in before the consolidation. Volume is still tiny. For anyone thinking how much more needed to get back to where it was ... it only has to go up by 2900% to get back to what was 1.30
Just as you don't have any influence on the market and can't make it go up, I don't drag anything down. I simply comment on what's actually happening. You've got a big fantasy about the relationship between what you say and what occurs.
Boom? The tiny volume would suggest that you have no idea and your ongoing attempts to talk it up are having no effect.
It's not strange at all ... There's just nothing to say. Even if it goes to 1.30, it would still have to increase a further 2000% for any of the Australian shareholders to just break even. Do you see that happening in your crystal ball?
Why would past performance be any guide? You have to ask?? The SP has been in a 4 year unbroken decline and lost 98% of it's value over that time. It's clear that the restructuring did nothing to arrest the decline. That's why past (lack of) performance is a very good guide. As for your ridiculous and uninformed comment about me shorting, you really have no idea. I have seen my investment lose 98% of its value due to corrupt dealing and mismanagement by the company. Being one of a large number of unfortunate Australian shareholders that had our company stolen and given to Igas, I was unable to sell and now it would cost more to sell than my shares are worth. Your feeble attempts to talk the company up have no effect. You may as well go to the beach and tell the tide not to come back in.
You make about as much sense as Goldmap. Going down and setting new lows is what Igas does and has done for nearly 4 years now. Everyday is a new "buying opportunity" You must be really naive if you think that the SP can be so easily manipulated by posting sad comments here. No ammount of upbeat comments have had any effect. I think you'll find that the sad comments are accurate observations from disillusioned investors. If the company was so profitable, I doubt that the SP would have dropped a further 33% since it "turned the corner". If past performance is any guide, the SP is just going to keep sinking until even the 20:1 padded price is close to nothing.
??? It's pretty hard to dismiss what I wrote. Simply saying that I'm wrong (again) without any additional information makes it clear you aren't anyone to be taken seriously
shaleinUK ... your assertion that I am wrong is baseless and wrong. Care to back it up with facts? Sorry ... I said 83%. I was wrong. The actual number was 85%. Go to this document from the company: http://www.igasplc.com/media/35300/australian-circular.pdf In the top half of page 18 you'll find this: A large proportion of the Company’s Shareholders (approximately 85 per cent by number) are resident in Australia. Due to the legal restrictions on foreign companies making offers of securities in Australia the Company cannot make the Open Offer to all Australian Shareholders. Unlike you, I have facts that can be substantiated. Care to apologise?
You probably don't realise it but before the recent restructuring, 83% of shares were owned by Australians. Those shareholders had seen their company get taken over by some corrupt dealing by the holder of 16% of the company who then gave it to Igas, telling holders this was their best chance of getting value for their investment. And Australians were not able to sell their shares or buy more. All they could do was watch their holdings lose 97% of their value. But after the 20:1 restructure, even if the SP goes to 1000p (fat chance of that), it will still be only 38% of what it was when we became unwilling holders of Igas. Then
"The fact that the ticket gets cheaper is an opportunity. " The only opportunity is an opportunity to lose even more money. Why would anyone want to buy into something with a losing track record like this? Losing investors' money every day for nearly 4 years now and showing every sign of losing a lot more. When/if this sinking ship ever turns around, there will be plenty of opportunity to buy in.
"This is a very cheap ticket to a very big game." The thing is that every day the ticket gets even cheaper. People that have been holding have seen it get to only 3% of what it once was ... and since that 1:20 consolidation, it's doing that all over again.
How naive you would have to be to imagine someone exptressing a negative feeling has any effect at all on the share price. The company's actions (or lack of them) has been pushing the SP down for nearly 4 years without any help from anyone. It's hard to ignore an unbroken losing streak that's shed 97% of the investor's value for over three years. But you managed to.
No pain, no gain?? More like No gain for over three years and all shareholders are down the drain. Despite having such positive fundamentals and restructuring the company to stiff all old holders, the SP is down another 30% and still sliding. There's nothing at all positive about a terminally sick company like this one.
The way they keep away buyers so that there's no buying pressure and small sales can send the price down is so devious. Now where's all this demand that you see?
" then the share should really move ahead which will repay LT holders" Sure ... it's only got to go up 3300% to get back where it was when Igas stole Dart Energy and the SP started diving. Repay LT holders - that's a laugh.
And despite all those positives, Igas has declined a further 16% since the Annual General Meeting continuing the unbroken downtrend for over 3.5 years. All that Igas can/has done is to sink lower. Every shareholder that has held shares has lost money, some have lost a lot of money. Any poor Australian shareholders (the majority of shareholders before the recent restructure) have lost 97% and there's no chance of ever getting it back. That's 97% lost. How can a company that does that still be in business? And how can it be that someone is trying to talk up such a flea-ridden mutt?