Member Info for Pacman121

This was trading closer to £9 last time Richard Bay coal was at $115. Gas price increasing and so is coal. Small % increases add masses to TGA cash pile. Won't be long before their cash exceeds market cap. Would love to see a buyback here rather than a divi but I'll take either.

Er no it's not Beb. At least one of you knows when to quit. Stop posting things you don't understand.

What a tool seriously. Give but can't take. Thank god for screen shots! :D

Sham and Beb and new guys. Couldn't have been more wrong on your uninformed I'll educated conclusions. Absolute tools and really boring. If you look at Sham on Twitter he looks a bit of a ****.

Time for the adults to fire up a trading day so don't forget your terrible plurals on the way out.

Mates rates look to be in and filled. It's as obvious as Sham and Beb's 24/7 repitition.

Whoever is selling, someone is buying. Today's RNS tells me the waiver is more likely than not to go ahead. If that's right then I guess those that know are absolutely loading. Welcome to the mostly unregulated market.

Sham, if bondholders were going to say no why haven't they done it already?

Came into effect only last year. Can't see IOG bondholders being a problem. The have already made millions of profit in interest and are about to make millions more. Pretty healthy return already and wouldn't be able to justify wiping out shareholders if this was heard in court. Lots of fear and doubt being spread.

Condition A

The court must be satisfied that, if the restructuring plan were sanctioned, none of the members of the dissenting class would be any worse off than they would be in the event of 'the relevant alternative' (the 'no worse off condition'). For these purposes, the 'relevant alternative' is whatever the court considers would be most likely to occur in relation to the company if the restructuring plan were not sanctioned under section 901F.

Condition B

The restructuring plan must have been approved by 75% in value of at least one class of creditors or members who would receive payment or have a genuine economic interest in the company in the event of the 'relevant alternative'.

He's really trying hard on this one isn't he.

I've added 400,000 so far this week as well. A return to just 5p sees a 70% return on that which is mental!

Pretty low last few sessions so looks like people have decided whether to be in or out at this point. There are AIM listed dusters with higher market caps than this. Current production coupled with assets and partners all bodes well for the renegotiation. As long as the bondholders are making money for the foreseeable they'll be happy. Not uncommon for renegotiations at this stage. I think what is making the shorters nervous, and so vocal here, is that they negotiated the extention after the well stopped producing, Seems to me that would have been the time to take advantage of the situation and seize assets if they wanted to. They didn't and I can't see them doing it now.

Looks like a slam dunk buy to me at 3p. Like coal, gas will increase into winter, especially with the continued uncertainties around energy.

More likely to be bondholders shorting than II' s selling. If the bondholders are shorting obviously they'll know when to buy back. Still in NT hmmmmmm. If bonds are renegotiated, and I think they will be, then they will need to cover as the rest of us pile in. That will be a good 30mins :D

If you compare Q4 2022 (c170p SP) production to Q2 2023, it's up over 200%. Cash is still building and they are in talks re the rebuilding of the Ukraine. Must be handy to have the words 3rd largest iron ore pellet producer in country when you need a few hundred million tonnes of iron ore. Done very well and EU based customers continue to be served without disruption which is keeping them loyal.

Some are probably waiting for the confirmation of the run rate back to 42 mmscf/d. Company has stated that production has been initially set at 20 mmscf/d and will be steadily built up to full rate over the coming week as the Saturn Banks Pipeline System is further dewatered. That was in the RNS on Monday so it refers to this week and maybe includes the weekend. Hopefully they'll give the market a positive update when its confirmed to be back to 42 mmscf/d. Be good to hear that tomorrow then the press can do its thing over the weekend. Be nice if they have understated and will over-deliver on this timeframe. Either way that's a significant and material production rate.

Looks like Transnet are getting their act together as well. Expected coal exports to exceed targets for the rest of 2023 which I think a lot on the sidelines were waiting to hear. Position taken today at 572p.

You're right Dogger. The situation for Russia is extremely grim. Civil unrest and fractions getting ready to take control all over Russia. Good we have had a few days of positive rising here. Confidence on the production update next week and the future of FXPO I expect is what is driving the upward trend. Good luck with you position.

Jeez this guy has a depressing thread:

https://www.lse.co.uk/profiles/terrymc1/

He tries to influence the threads by starting conversations with negative subject headings and keeping those headings at the top of the conversations by spouting the same old every time someone puts up a new one. It's quite desperate not to believe in his own convictions quite so much and also really annoying, like a mosquito buzzing around in your bedroom in the middle of the night and you're too knackered to do anything about it.

I've been doing this for 10 years and I still can't sum up the market mechanics on AIM. This is now trading 50% lower than the covid crash in March 2020 and they just got their 42 mmscf/d well back online exceeding their best case scenario slightly for production and trading circa 8 times lower than before the well encountered issues.

The market is designed to play on peoples feers and the negativity causes a downward spiral whereby it creates a psychological acceptance to cut losses and sell lower rather than accepting a smaller gain or indeed riding a winner. Add a couple of derampers and the snowball effect kicks in.

The fact is this is now trading just 0.6p more (4.8p) post RNS than it was when the well wasn't operating. The well is back online and will be running at 42 mmscf/d!!!! Look at the revenue generation on that and the cash build. Look how the shareprice moved from single to double digits previously, and maintained those double digits. IOG is sub 5p. Let that sink in and ask yourselves if you're really worried about your holding or if the market makers are simply taking the p155. The company is revenue generating at the top end of expectations and has informed the market its actively focussed on building its cash position - that what you want at this stage. I admit I thought we would have seen a comfortable and sustained move yesterday as well, hence I'm here. 42 million shares traded yesterday and today they take it down 6% odd in 30mins on pocket change. Probably just reloading but either way value returns here due to cash build. Thats how an oil/gas company or any company works. 5p days belong back in February. I genuinely can't see how this can be kept down here. Will be a few people still around from sub 4p but my guess is the majority of them are clear and the sellers now are the ones that bought in between 5p and 5.8p yesterday and don't really know why.

Bet we move up today and continue that into the week. There is a lower gap on the chart, but there are also 3 gaps higher which are much more likely to be filled. Again lots on the sidelines hedging their guesses so no reason why it wont take off again without warning.

Thought I'd missed the boat on this while I was catching up. Happily taken a position at 5.2p. I remember missing this back in October last year at 7p and a couple of sessions later it was back at 20p. IOG are working with the larger companies who have been extremely supportive on the now resolved issues. Those sort's of contacts are what makes these companies succeed and I guess IOG unique in that sense. Not sure whats caused it to fizzle back down to around opening price but on the near 40 million volume already traded today I guess that will fizzle out in turn.

Hopefully it all just ends soon. Russian are tired and now it's on their door step.