Member Info for snooz

Just because he can't prove it, it doesn't mean it's not true Jim. Did you write the newsletter?

>The upcoming event mind you is a capital restructuring.

I see, yes, thanks Louis10, the context is:

"Upcoming events: capital restructuring

Fully funded for upcoming events: yes"

>Https://companies.substack.com/p/iog-ukog-jog-and-more

"Fully funded for upcoming events: yes"

Fascinating

>We dont know how much they can sell with very up and down on whole sell price.

They sell in the day-ahead market. Live prices of this market can be found online, e.g. https://www.catalyst-commercial.co.uk/wholesale-gas-prices/

> There are many expensive to spend to keep a company working and those drills generating money now. That is my point .

Drills are (were, in July at 75p and August at 85p) generating money at a rate less than the rate of expenses though. So IOG, as a whole, is not "generating money".

>What is lying I am talking ? Do I believe in official RNS or do I believe you ?

Which bit of the RNS makes you think they are making money?

See this from the July 12th RNS:

· Cash balance at 30 June 2023 of £20.3m, of which £7.3m restricted

and this from the Sept 13th RNS :

· Cash balance at 31 August 2023 of £14.5m, of which £7.3m is restricted

FWIW, now I just think you were misinformed. Misled even by the board that strongly implied they were delaying the coupon payment in order to build up some cash in order to pay it more easily.

> it is still generating money now

No, it is not. You are either misinformed or intentionally lying.

>that is all we come here to buy or sell share.

I already sold out, am here to call out the flat out lies.

> how much can they place for new share price?

I've had good think about what they might raise at 0.75p, and at 0.5p... and either way "not enough" is the simple answer.

If there is a pump on news that they pay/partially pay the coupon next week, I'd use that as an exit (if I hadn't have exited already).

A new threshold:

It 'cost' €5m to postpone the last coupon ('cost' here means added to next year's liabilities). Market Cap of the whole company is less than that now.

New IOG threshold triggered: sarcasm and unbridled optimism now indistinguishable.

Some pdfs:

https://feed.stamdata.com/documents/NO0010863236_SB_01_20230616.pdf

https://feed.stamdata.com/documents/NO0010863236_SB_01_20230802.pdf

Some dates:

September 26th. Half-yearly report.

September 27th. Record date of deferred coupon payments.

September 29th. Deferred coupons payment date.

Assuming the 2 coupons due on the 29th Sept get waived for another 3 months... (there's plenty of thread discussing the likelihood of it, but here let's assume it for the purpose of this thread). what would it cost? (i.e. what do we think bondholders woul agree to?)

Would they agree in return for adding another 10million to the notional amount (twice the previous waiver as now it's 2 coupons)? Or will it cost more this time? 15million?

Or is there time to negotiate getting for more in return for delaying the final notional repayment - e.g. extend the maturity by two or three years but double the notional repayment to 200million.

Cropped by use of a angle bracket.

Would you wait for less than 491p as that where you started selling?

I sold at 512.5p yesterday then suffered extreme FOMO so bought in again at 508.5p.

Are you planning to get back in if the discount widens? Would you wait for

Only when YCA can buy U3O8 cheaper than the level they can raise cash at. The U3O8 price is moving up so strongly, YCA still trading at a discount.

Is that supposed to be rhetorical?

The news was:

reduction in flow rate - it was higher when they had a blockage!

"stabilising" the cash situation turned out to mean they'd reduce the cash holding by millions instead of building it up when people were led to believe they'd be build up the cash in order to pay the deferred bond coupons.

The NSTA is removing (not renewing) their licences for two fields, impacting the profitability of others.

When you say "50/50", do you just mean "it might go up, it might go down", or are you implying some probability distribution? e.g. "a 50% change it will halve by date x, (what date?) and 50% chance it will double by x, 0% chance of not doing either?"

>and IOG is back over 3p-

Do you mean that you think there a 50% chance of it being over 3p (by what date?)

>They should be making more money this month

They certainly should be. But they lost it at a huge rate during July with gas@75p, and lost still with gas@85p in August. So they probably won't be in Sept.

>Buy as much as you can lose

Better to buy as much as you want to lose. And then ask yourself why would you want to lose any?

We'll see what tomorrow brings. Hopefully no news of them "concentrating on" shareholder value as that would "stabilise" the share price further.

"concentrate on" = "reduce by a third"

This belongs in a Newspeak dictionary.

>two weeks

>two weeks

>two weeks

https://knowyourmeme.com/memes/two-weeks