Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
A substantial director share purchase would certainly provide a boost- not too bothered about the TR-1 from institutions, they have little skin in the game and must be near spent by now.
So Rupert & Co….I know you’re working hard, but shareholders would a confidence boost from hard personal spending also.
Mergers & Aquisitions do not appear to be on the radar- focusing on the their current portfolio and in particular the next licensing round. This was mentioned a number of times- it certainly sounds like they have their eyes on specific blocks. Overall, I get the impression there is more focus and between Rupert and Dougie, they appear to be cracking the whip.
Additional maintenance conducted during Bacton shutdown. This work was scheduled for a future shutdown but Dougie pushed it through whilst the opportunity presented.
Bond will likely get refinanced either by a new bond or banking mechanism. Repaying bond not in shareholders interest - returning dividends in the future a priority but focus will be on reinvesting in business.
Assessing to drill another well at Blythe to counter saline issue
We have absolutely no idea what she has contributed, but Fiona McAuley and her association with the implosion of Echo carrys far too much stigma, especially given the events that have plagued IOG. Jonah or not, it’s hightime to feed the whale if we are having a true BOD shuffle
Wonder how we could incentivise the BOD to ‘do one’- could we send Davidspellacy to Bacton?
Sailor- I actually look forward to reading your posts more than an RNS! Thanks for the consistent effort in tracking shipping movements, it’s the only real time progress reports we get and I for one thoroughly enjoy it. Keep up the good work.
No communication to RRE and none to share holders…doesn’t if feel better that they give equal apathy to everyone?
Fair point- targeting Q4 in that case would be November/ December then….with the emphasis on ‘targeting’. Considering their history, not many targets have been hit on time. Just another day at the IOG office…
Reading the RNS again, I note that Southwark East was completed drilling in June, although delays have occurred on the Southwark West ( fluid loss), the RNS states that it occurred early Q3 and drilling continued hinting that it was resolved? If this is the case and all things going well ( yes- I’m saying that touching a forest full of wood), then the delays in being Southwark online should equate to 2-3 weeks.
I’m going to hazard a guess at late October/ early November as Southwark first gas. ( let the tomato throwing contest begin….)
Very interesting insight posted by Siggy on advfn board- apparently it’s Blyth that seems to be the issue?
Hey Steps- I’m no sage and get my fair share wrong ( after all it’s a game of up or down). Thought we would see a TR-1 by now given the volume traded the other day ( over 8million!)….here’s hoping to a positive and more informative RNS to steady the price.
Bickering? Doom and gloom? I think it’s healthy to express an opinion provided it’s backed up by available information i.e. RNS. The large swing today either suggests ‘panic’ selling by LOG / Lombard or a move to bag some profit before it dips lower. The ‘recovery’ could well be the sucker punch before more selling by these organisations, but I really do hope that is not the case. Such moves during great uncertainty don’t sit well with me as it feels like gambling now as opposed to investing. As you say- everyone makes their choice, but in all probability the house ( the II’s) always wins. Good luck and here’s to a sustained recovery and some positive RNS releases.
Not so sure- I’ve seen this before and it wouldn’t surprise if it heads either way tomorrow. Will be interesting to see a TR-1 or two..
Good luck- I hope it works out for you. I’m not buying until I see a positive RNS or a substantial buying pattern to justify it.
Not in accordance with what we were expecting…if it goes lower then I would certainly be tempted to add, but not until I either see sufficient support at a tested level or/and a healthy RNS with more detail regarding solutions/ realistic timescales.
I think selling the company would certainly be in favour. I said it before, 40-45p and that would work for me. Currently, given the extent of uncertainty the BOD and operations have created through lack of detail in their RNS and communications- there’s very little support in the charts until the 22.5-24p range. Another RNS is required with further detail - right now, Blyth and Elgood remain choked with no certainty regarding a solution and Southwark is giving vibes of producing in Q1 of 2023. Regardless of how much the gas price is, if they can’t deliver what they say they will, lack of confidence will continue to smash the share price.
Thanks Gator- the headline caught my eye, interesting. I hope LOG are keeping the pressure on the BOD. Someone needs to hold them accountable, and a 25-26% stake in the company is certainly enough to do that.