Member Info for Redirons

Morning Macca and hope you had a great night! If you re-read my post before your last one last night, you will see that I wasn't suggesting that you haven't been successful to date, merely that hopefully along with others of us you will be an IGas millionaire!! Probably too much booze involved in our posts to read them as intended!

They always say you should associate with winners - that's why we're both IGas investors - tell them both that they're in the presence of a future IGas millionaire!! HAGW.

Good on you Macca - hope IGas works out as well as the blonde!!

Hi Macca - we'll have to agree to disagree as I respect you full stop. My point is that the BoD had a balancing act between keeping Bondholders and Shareholders happy and whilst I think they could have played it better, I can also understand why it played out the way it did. The hard part now is finding out what they really are made of and I note that you have decided to exit now (and presumably therefore do not believe they will necessarily retrieve the situation) whereas I am sticking behind them (partly because I knew it would be a roller coaster) and time will tell. I respect your decision and it may well turn out to be a cleverer one than mine, but I wish us both well!!

Hi MissG (great name by the way) - my take on the sp and the buying going on as much as the sells is that investors realise that IGas are far from extinct yet. Yes they appear to have made life more difficult for themselves by not funding the secured bond holders as they perhaps could have, in advance of the Bondholders meeting, but as BB12's post pointed out, had they raised cash early that may have adversely affected the sp anyway, so doing it this way may have minimised the impact on shareholders. The month of November is clearly going to be huge but there's nothing to say that the BoD can't work their way out of this and assuming (and hoping) they do, we should still be on track for good sp rises, particularly if the UK Gov't continue their support for fracking!! Exciting times but not for the faint-hearted!!

Great work BB - could you clarify who Ann-Marie is (position at IGas) and how did you contact her? I'm sure we could construct say half a dozen main questions that we could put to her? Many thanks!!

Well said BRB - thevoiceofsanity sounds very much like the brother of the sinister bond holder or in the anti-fracking brigade. Either way it suits him/her to persuade many more to "bale out" so that the sp plummets and they buy in for peanuts and capture a short term profit. The fact is, many of us committed to fracking via IGas years ago and our "break evens" are probably 2 or 3 times the current SP - so what's the point of panicking now? IGas was always high risk and just as it can go "t..s up" it could also see the BoD get the better of the one nuisance bond holder and the Gov't wading in with support. The fact is none of us know - I'm prepared to wait and see!!

Morning all - the way I see it, there are still larger value buy trades going on this morning than sells. Also, isn't it flattering that a rogue bondholder is "trying" his damnedest to squeeze the Company and a Company with 2 Accountants at the helm MUST be able to counter such tactics - if not, they're muppets. I've always said that this Company (as with any Company) relies on the calibre and competency of its BoD - that's what we will find out now. Yes, they could be in it purely for self-interest, but similarly they may be capable of engineering a buy out that will favour its shareholders as well. I invested back in 2012 and several times since as I do believe that tracking is the future source of energy in this country (particularly post-Brexit) and job creation and all the positive things could happen via IGas. One "sinister" bondholder is not going to change that and I have to believe that BoD will get it right (with strong potential of Gov't support). Of course I may have to eat my words but I'm here to "stay strong, stay long"!!!

Now is the time we will find out the calibre and competence of the BoD - I'm going nowhere and holding out for a favourable solution/buy-out which may now accelerate. Tomorrow's market price will be interesting as there will be those that will abandon what they see as a sinking ship - I will lol if they miss a decent resurge in price!

You're out of order JCW - there's no need to issue personal comments, particularly when Rogue has been one of the best posters on this site. I prefer reading positive stuff than negative. No one should be investing in IGas unless they are fully aware that fracking may just never really take off, so there's enough potential negativities already. We should all be pulling in the same direction and we do not need either personal, disrespectful or negative bloggers - thanks!

I agree with Rogue - as with Heathrow, this Gov't seem to be showing that they will make tough decisions if they believe it is the country's best interests. Let's hope the same will continue for fracking!!