Member Info for Peakview

trellis - haven't you noticed, butd is ALWAYS pessimistic at every turn - when we were as low as 10p he was calling for a drop to 8p! With his natural aversion to positive news, I am not surprised that he is now inventing imaginary pitfalls in the road ahead. I guess that himself and Malcy live on different planets, but at least the latter has now shelved his former doubts with the issue of funding confirmation in yesterday's RNS. We are now just about the most de-risked gas exploration company on this wretched AIM market - and whilst there is little appetite for it amongst new investors, I find it deeply disappointing that if they bother to read this board they are discouraged even further by such peddlers of gloom which is so totally at odds with the current reality at IOG.

When I pointed this out last Tuesday as a very definite Buying Opportunity at 18.75p I had the long term project in mind. Were there any takers? If so, even the short-termers are looking at a nice weekly profit on today's news which was expected - so no surprises there. My own top-ups will stay very firmly in the futurity bag, as there are now a potential sequence of progressively positive news items on the route to first gas scheduled for Summer 2021. The current market is slow to react, but this will change too IMHO.

gator - agree with all the points you make - lets hope to get some clues from the BOD in short order?
Meanwhile, another quiet day of trading - and another thoroughly misleading board at face value. True totals are over £31k of Buys, and under £2k Sells - how do they do it?

Bought 40k @ 18.80 which SHOULD be reported as a Buy on the current spread.

for all those who wonder why or how this site misreads the nature of trades! This morning's 10k trade at 18.75 strikes the exact halfway mark on the spread - and is reported as a Sell. Let me assure all readers that it is very definitely a BUY!

P Pete - the two half-mill sells recorded yesterday obviously took the sp further down and as they were traded at a considerable discount to the prevailing level, I think they were PI type trades rather than the off-market positioning we have seen between Institutions and heavyweight backers. But - I share gator's mystification at the current level of sp given the positives and the realistic estimates of product fundamentals? Hold-ups in the expected release of news do not help - but for those who stay onside this surely represents a buying opportunity and I endorse stublue's confidence expressed in his recent post. "Not for the fainthearted" some might say, but the fact remains that this is massively derisked from the position it held at around 34p in June 2018.

News is now overdue on Harvey results and confirmation of farm-out contract with CalE. Extended silence does no favours to market position as we are now seeing, and the impatient or needy begin to sell tranches of varying sizes. Regulars are waiting and noting BOD!!

gator - totally agree about the current need for some fresh updates on the above, but as said before the recording of trades on here is generally misleading with a narrow spread. I can confirm from my own and associate's activity that during the quiet spell only low 20.50 trades have actually been Sells - anything higher than 20.60 almost definitely Buys. The volume has been so low compared with the Institutional burst 2 or 3 weeks ago that it makes very little difference.

Marie - it's been very quiet all week, and Sell has been fixed at around 20.51p - with anything higher very probably a Buy. I played myself at 20.61 and got listed as a Sell down to the spread. We need some news on confirmed farm-out with CalE and Harvey drill results to get this moving again next week!

here today, and looks like II interest has dried up for the time being. Likelihood of no deal seems to have flattened the whole market, and we could do with some updating news from the fountain head - preferably of the positive variety.

'gator - I acknowledge and echo your frustration with the SP, and all the de-risking signposts that should have put it in a totally different place. As humble PIs I am afraid there is so much outside of our control, especially when IIs are manoevering in the background and trading away in large lumps off market. It's a heavyweight game of poker, and purely as observers we have no right to see their hands - nor are they obliged by the rules to reveal them. What seems obvious to me is that most of these transactions of lumpy Sells/Buys have been traded at 19.5p and then recorded simply as Sells on the LSE site - but why not have them recorded as off-market trades? Meanwhile the MMs have held the SP at the same solid level - with slight encouragement in my view of some decent PI-type Buys at 19.8 and 20 at the end of the week. For sure, all the background moves will have been observed closely by CalE/BH, who would have the clout to comfortably blow this lot away if required. Accordingly, I am at ease with both position and prospects, and whilst all our views on what might happen are pure conjecture, our fundamentals and our funding are the two pillars that I rely upon for progress.

now revealed, can I wish Mr. Griffiths the very best of British with his investment, and hope that he is able to substantially increase his already considerable fortune!

'gator -we crossed posts, but agree with all you point up about BH and their power for action when required.

They have been all week and maintained the sp and spread levels throughout in spite of the exceptionally high volume both ways. As previously noted - a good sign of solidarity, and the RNS is simply a round-up of all the positives that have taken place over the last 4 months or so, with some timelines on future announcements. I would guess that CalE remain unperturbed by the switchovers of institutional holdings, and it will be interesting to see their reaction to the option when Harvey results are finally on the table.

Are these RNS not appearing on the LSE site?

Is that the same nod and wink given to Lombard?

I thought we covered this yesterday?? Looking now for a possible RNS on the heavyweight trading of yesterday.

600 - easy to read at present, and you can assume that the trades on 19.50 are Sells which are being soaked up by acquisitive IIs. Anything higher could be normal Buys. As for the cancelled and re-instated 9.9mill trade, its bonkers - and how does the market allow that anyway?

At 11.28 a Sell trade was made for £2m or 9.9 mill shares. Correct me if wrong, but I do not believe there are any PIs or former directors with a holding that large. And, for buyer ID - could CalE or BH be strengthening their position at favorable current rates?

This assumption that Harvey results could be disappointing has obviously not reached Lombard, who acquired a further 7 million shares in yesterday's trading - and could be continuing their acquisition programme in today's heavy morning session. MMs still happy to hold the Bid at 19.5, so all the sellers - whoever they might be - are being readily accommodated.