George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Coldspy is this imminent buyout based on any evidence or fact,Or is it wishful thinking ?
David S 100% correct
London Oil and Gas are in administration , the FSCS ,have partially compensated the former shareholders.
So the London Oil and Gas large holding is held by the administrators on behalf of the FSCS.
Who chose not to sell their holding at 40 p.
Can’t see them now selling at 5p
Disappointed at the drop in share price this week.
We don’t know if anything has changed,lots of speculation.
But that’s all it is
Fingers crossed next week or so we get decent news as expected.
Maybe Could be due to Gas price dropping
Pedro ,It is an impressive rise, But this has been way undervalued . My average is 28+ p .
So quite a way to go for many on here.
Just wished I hadn’t topped up at 37p Hindsight is great
Believe this will go back well over 40 p
Scored, Sorry I thought this was at the bottom yesterday.you are not the only one ,don’t beat yourself up.if it’s any consolation I last bought a sizeable amount at 37p
Sailor and Mole , Both very good posts.
Personally will be holding, although like many others wish I had sold at 40 p.
Hindsight is a marvellous thing.
I can’t believe some of the posts that have been posted today,
Millions are struggling regarding just surviving and some of the posters on here seem oblivious.
I’d welcome a windfall tax on the oil and gas companies ,
And for good measure the banks and Amazon to.
As for the two contenders for pm .As far as I’m concerned they are both lying cretins.
There’s more going on than the IOG share price
I’m hoping it’s the bottom . Gutted with what’s happened to share
Had decided not to buy any more of these
But the sp is really low so have further topped up ,
Too good an opportunity to miss
Mole ,You are correct the FSCS is paying compensation to the LC&F investors, The compensation process is nearly complete. So the actual creditor going forward will be the FSCS. Who are much more likely to want the best return possible.
There is of course every chance that the administrators Smith & Williamson may be selling some shares to pay their not inconsiderable fees
The LOG/ LC&F shares and share options which are being administered on behalf of the investors in L C & F.
The individual investors in L C&F are being compensated by the FSCS up to the limits allowed by the scheme.
So the actual creditors to the LC&F shares going forward will in fact be for the most part the FSCS
With this I’m mind , I’m sure they will want the maximum return ,that won’t be governed by time
Hi all , I added 15 k yesterday at 33 p . Thought it was going to move after that RNS.
Has to go up even if we have to wait for first gas .
Really pleased where share price has got to. Exceeded my expectations and hopes ,so I’m very happy going forward. Happy Xmas to all
Oops should be rerate not relate , Don’t need a marriage councillor
Scored I topped up yesterday 15k , And like you a close family member did the same.
Hate recommending investments to anybody . Have done it before and come unstook.
Anyway I’m confident that we’re now going to continue to first gas creeping up slowly .
And then hopefully relate .
GLA
I can’t understand why sells are shown as buys.
Is there something I’m missing, or do you just have to try and guess due to their value,which are buys and which are sells
Scored. I’m not as confident re pricing as some on here,
But I did expect 30-33 p by end of year.
Think we would have achieved it if first gas was flowing,
Just hope when first gas comes we kick on
Only just got round to watching presentation, I have been trying to grasp some of the technicalities
Of this share . Personally I was impressed with the presentation
and some of the slides/ explanations left me quite a bit wiser.
I know some of you have been invested here for quite some time,and to you it’s not new.
I bought my first trance 12 months ago and have topped up several times since.
I’m always fascinated by investors estimates as to where the sp could go.
For what it’s worth if anything these are my hopes / expectations
End 2021. 32p - 33p
Mid 2022. 37p- 40 p
Finally I only invested in this share after reading these chat pages for a time,
So thankyou
First post on IOG ,
MCH , Think it’s worth remembering that the LC &F investors have or are being compensated by the government through the FSCS up to 80/85%.
So the administrators Smith and Williamson will be repaying any funds from the sale of said shares back to the government. I think the administrators aren’t under pressure for a quick return .
Even though the administration fees are as always high. There is little chance of any other LC&F investment giving returns.