Member Info for Peakview

I think that we are suffering from the generally gloomy picture in the market and national economic outlook. Chancellor's bulletin yesterday would not help investor sentiment - and we still look rather long-termish for the average punter. A few sellers too - either running out of patience or cash?

It is Emerald, but I think it is just the overall market gloom after yesterday's pronouncements by the Chancellor dragging down even the good ones. Missed the very bottom today, but still a buying opportunity IMHO.

At no time during the day were you able to sell this share for 11.7p, so the late trade reported for 100k at this price was very obviously a Buy, whatever the spread at the time. Presents a very different picture on the day's aggregate.

More misleading data - true figures are 133k Buys v. 70k Sells for today.

Good point Phippsy - wildly inaccurate details of trades and of aggregates. I do my own analysis every day - it's not rocket science - and yesterday's story was just 60k Sells and the rest all Buys. The MMs took us down a half P, so you could Buy at 11.99p and Sell at 11.56p towards the close. Great level for top-up IMHO.

Welcome returns GGIS! We have been missing your interpretations on the technical and engineering aspects of progress at IOG - especially for lay persons such as myself. It is an interesting point that you make about the competitive nature of the rig contracting business in this environment, and the favourable deals that may be achieved as we move into a fairly intensive working phase with commissioning of the network of wells and their connection to the pipeline and on to Bacton. Regular updates on this schedule from the BOD would be helpful to the market in my view.

Its a pity that one of the originals GGIS is not around these days to throw his expertise on all things technical in the oil & gas world. He would be having a field day with a full engineering denouement of the subsea contract announced today. However, it is great to see practical progress being commissioned at a time when so much development and construction activity is still in the doldrums - and the positive effect on today's sp in spite of modest volume.

A very nicely balanced portfolio dunder, and a lot more sensible than mine which is focussed entirely on IOG - which is why I get overly obsessed with it. Sincerely hope that one or more of these scores in style for you, and thanks are due for spilling the beans. Still hope that you hang on to your half-mill shareholding as your views on progress - or lack of it - will always be respected. You already DYOR, so I will not repeat that one.

It's a pity that "no investment advice was intended" dunder, as we would love to know what the "much more compelling investment cases" out there actually are? I think for those of a more positive mind, mole's detailed post nailed the true potential of IOG without resorting to the blame game. Fact remains that in the summer of 2018 we were at 34p - without the massive factor of required funding that is now in place - and re-attaining that level in the run-up to first gas is surely a modest expectation if this market regains some degree of confidence?

I don't mind the rambling trellis as there were lots of good points in your extended post that I had either not considered or forgotten. Also good to throw one's thoughts ahead and review the possible outcomes when the world gets through the virus crisis, and our timing just might prove to be advantageous as the IOG project reaches the crucial stage. I too am way below average on this investment, but remain both positive and patient with one eye on the opportunities to top up and average down when funds and sp are favourably aligned.

Just to confirm that illogicality is not confined to the AIM, an interesting article in today's DT by Matthew Lynn pinpoints the "crazy bull market" and his astonishment that in the month of April the FTSE was up 20% , the S&P up 31% from the Covid lows of late March. All this against a background of divis being cancelled by giant companies such as Shell, dire reductions in levels of global trade and governments going into record debt levels as they attempt to prop up ailing economies and redundant workforces. Meanwhile, back at the IOG ranch, over the same period the sp dropped from 13.5p to 11.5p - a reduction of some 17%. Apart from the overhang of shrunken oil prices affecting gas rates, the company experienced only positive news and enhanced prospects plus an authority approval of its project. No dividend is paid anyway - nor will be until income streams are established in 2021 and beyond. My stance is endorsed by more detailed recent contributions from fellow LTHs - but I would say once more that if patience can be exercised, all this provides an answer to dunder's original question?

One thing is for sure dunder - if you have the choice you certainly shouldn't be selling. gator, myself and other LTHs have repeatedly made the case for buying opportunities at these rates with substantial and accurate evidence of the company's advancing fundamentals. If your timescale allows for a year or more of patience, I would say that it is close to the best opportunity on AIM. All IMHO of course.

Many thanks Mr. Toad, you have beaten LSE in publication of the RNS - a minor triumph but a win none the less! Excellent content in the RNS and the OGA approval of project with government backing a big plus. I particularly like Hockey's positive stance in turning the workplace social distancing rules into a cost saving exercise! Onwards and Upwards, and if there is any shred of logic left in this market we should see a steady uplift in SP as we move towards the project fruition target of mid 2021.

Looks like the merest hint of future dilution has sparked off a rash of Sells today. No intention of selling of course but this was moving nicely against the general trend until the RNS release. Investor confidence in these difficult times is an important factor.

No mention in the RNS of the purpose of the share issue - is it purely to raise working capital? If so, why were we assured that the completion of farm out with CalE and the Bond loan had guaranteed adequate finance to complete the project up to completion and first gas? Since attendance is not permitted, anyone familiar with procedure to register a vote against this resolution?

Reference the intended resolution for the AGM on May 1st, why are the board seeking to issue a further 10% of shareholding for cash sale when we are reported to be fully funded to first gas in Summer 2021? Surely not the time to create further dilution after previous issues wreaked havoc with the SP?

Company name does not help - been thinking the same butd and the low volume over the last few days does not justify a 2p drop. An overly wide spread gives MMs their mark-up and whilst times are so difficult they are certain to have their fun. But nothing changes with the strong fundamentals here, and taking a little longer to first gas may be no bad thing.

trellis - agree with all that and just trying to keep the board alive with a view on current value or otherwise. We LTHs have a long agenda but no harm in encouraging new investors as I attempted when we hit the 10p marker just recently. That is our lowest level since last year's massive dilution episode, and we are in an infinitely better place just now.

With everything else weighing us down, it is no surprise that trading is at a feeble trickle whilst the MMs maintain this exaggerated spread of 0.80p. Whatever your inclination - absolutely no incentive to trade either way, so sit on your hands time IMHO.

After a gentle top-up felt like having a self-isolation party - until I saw the date!! Pathetic really, and they get trade definitions and totals wrong pretty much all of the time. Chat board is the main benefit and especially interesting to read others views in these constrained times.