Member Info for NMH19

Not too sure the value of our credits here but I topped up again today.

News should be coming our way .....

GLA

Love a trade but my holding here is based on the belief that when news drops the SP will more than double and I'd hate to be on the outside trying to buy in - but that's just me. GLA

Very slowly....... been some nice buys but as yet not reflected in the SP movement. Be could if someone could share with me/us what the order book is looking like right now = be more than grateful.

Thanks

Ticking up?????

See above....

Not the day i had hoped for but there's always tomorrow...lol

Not today....sadly.

GLA

Last announcement came out at 11.00am - be nice to get the news we want in the next 10 to 15 minutes.....

I just posted that there was no need for a fund raise and I had recently sold half my holding out of frustration......

I got that wrong - but maybe worked out in the end as I have rebought what I sold....at a much lower price....

Funny old world ....

With our sp here right now - just bought some more at a price below the placing price of 17p........Also, I noted some pretty big buys yesterday that just got absorbed....

Good opportunity or not ? I guess time will - gla

Market cap is only 3.2m therefore 2m is significant - unfortunately, I sold half my holding last week !!! arghhhhh got frustrated....

No need for placing warnings - imho of course.

GLA

Taken from the 2022 - 23 Financials: (no mention of a risk that the license would not be renewed)

"Indus is subject to regulation and supervision by the Government of India covering various aspects of our

business. The Government has historically played a key role, and is expected to continue to play a key

role in regulating, reforming and restructuring the Indian oil and natural gas industry. A major platform

for shaping the industry has been the award of assets by various rounds under the NELP. Our Block

was awarded before the formation of NELP and therefore places greater emphasis on our Production

Sharing Contract (PSC) in our dealings with Government in various forms. To date the Block Management

Committee created under our PSC and including multiple Government agencies has assisted the

development progress we have made so far. The Field Development Plan for the area beyond SGL has

also been approved by Management Committee consisting representatives of DGH and government

created under PSC.

Not too sure if this helps or not......

GLA

So one company "Gynia Holdings Limited" based in the BVI owns just under 83% of Indus - 151,237,108 shares - that's a big holding.

I can't imagine that they will want to lose a business that pumps out so much profit so they must (you would think) have the renewal application under control. Hopefully, following the recent announcement the "consideration process" is completed fairly quickly and an update can be issued before the 2023 accounts are issued later this month.

No mention of compensation should the license not be renewed - well not that i can see.

GLA

Anyone called the company for confirmation of this news????

Ahab said

"I don't care who you are - here's to your dream..."

And I'm dreaming of more than a pint of Guinness if we get a re-rate here....

GLA

60p.........

tick follows tock follows tick......

Ezhik

Can't argue with you here - I should have.... you win some and you lose sum....

Perhaps you are right or the pricing was transitory.....

Just hope it maintains momentum in an upwardly direction....

GLA

22p now - its almost getting too rich for my blood !!!! lol

GLA

Just been quoted 21p a share to buy 10,000 shares - looking good - just hope HSBC managed to fill my 19.4p order and are going to surprise later today... lol