ISA Top Up3 Apr 2017 17:16
Still considering a top up here, I've put some long bets on iGas as they are cheap as chips, and based on Brexit it should be a good safe bet (Long term). Definitely have a few funds but will hold fire here a little longer as we seem to be at a very stable bottom price. Problem here at the moment is we have seen some massive spikes up to 4-5p on several occasions and those rises were based on specific rumours on projects. As far as we know those projects are still very much alive but the current wins are coming from smaller deals that are live. We need a bigger Nigeria, Zambia or North America deals to break cover and then we will be back in the 4-5p range instantly. Oil prices are still at a level that on a local level governments have to justify the deals, it will only take a 20-30% rise in oil costs and these projects become essential IMO.