Member Info for Steve17

Well i was the plum who topped up a short time before the rns. Took the last 15 minutes getting out and now sold the lot. I wish all remaining in (other than management) the very best of luck. Over and out (for now).

Goodness me. An example of how to destroy a price . They dont even give a figure, just leave us dangling :( v unhappy.

Yes, very well said Gheko.

Something has to be done and done quickly otherwise the hospitality sector and businesses within it will be forced to close or be mothballed during the winter ... have a listen https://www.bbc.co.uk/programmes/p0cxtxdb

Impressive read. Not just the numbers, but the process that management have implemented as a means of focusing and increasing production and thereby 'lowering costs'.

Focus on increasing the level of production (tick), lowering the AISC (hopeful and probable tick) against an acceptable and rising copper price (of course, out of management's control, but some significant tailwinds will hopefully come to fruition).

Dreadful update. Why on earth are they still issuing a divi in such circumstances and in a climate where the cost of living is massively affecting discretinary spending is beyond me.

Disappointing results and as others have mentioned, the delays could have been reported sooner. Hopefully Iog will still be producing a lot of cash in 4th qtr and beyond. But my confidence is a little shaken. Accordingly, sold 50+% of my holding and topped up on hbr, who produce a stonking set of results today.

Taken from the IOG board (iog another company, along with hbr, being very cheap when comparing market cap to current and near future revenue:

https://www.theguardian.com/business/live/2022/aug/24/energy-bills-crisis-opec-oil-inflation-cost-of-living-felixstowe-business-live00-business-live
1h ago
09.59
UK gas producers say they have boosted domestic production by over a quarter this year, a time when cuts to Russian supplies of oil and gas sent prices soaring.

Offshore Energies UK, which represents the UK offshore energy industry, reports that gas output jumped 26% in the first half of 2022, compared with a year ago – enough to heat almost 3.5 million UK homes for a year, they say.

UK gas production rose by 3.5 billion cubic metres in January-June, to 16.831 billion cubic metres of gas, thanks to the start-up of new fields in the southern North Sea, including Harbour’s Tolmount field and IOG’s Saturn Banks project.

There has also been much less planned shutdown activity, as suppliers kept plans running to maximise energy supply.

Dimi, if you're able to sleep at night in taking such a position then it's your decision. Sometimes being brave and going for it has benefits as happened here: https://www.ft.com/content/b83144bd-830e-4e1d-a9a1-a1ee1ba61dab?emailId=63030a15d6385d0023fcb56d&segmentId=269ab16c-599f-119f-3d76-260b55fc8e43

But there are many who blow their accounts by not following sensible risk management. My golden rule is never to invest on borrowed money.

Good luck and wealth in whatever decision you take.

https://m.uk.investing.com/economic-calendar/api-weekly-crude-stock-656

I have no problem people adjusting their holding. What annoys me is when only a short time ago JW was, if memory serves me correctly, expressing frustration that a fellow large holder had sold a chuck of stock.

As for the business, if it servives the forthcoming possible recession, then it may have a good future.

Those grades, as reported in today's rns are exceptinal or 'exciting'.

Plus "In the meantime, operations continue to improve on the performance of the last quarter and grade targets are being achieved (see press releases of June 9 and July 12, 2022)."

I wonder if JW is continuing to trim his position, that coupled with market sentiment is not doing xpf any favours. Is there bad news on the way?

Guident, right time - every place:
https://www.bbc.co.uk/newsround/62604275

£4.71 Sekforde
£4.60 NSS
£4.55 steve17

Well spotted, correction that should read JW.
He confirmed his 'slicing' in his fortnightly chat with Paul Hill. Video on V o x markets.

Price looking v weak. I note that TW has been selling, which he confirmed today. He may be followed by his group of followers.

Sorry that should read 'in a few months'.
Next year and at a 5 p/e, the market cap should be well past £1, actually a lot lot more that one £ a share.

No way would I accept 55p for a company making on the few months approx $2.2m net a day translating into approx £630m a year. 55p no thanks

All good news and immediate progress following ipo. Their IP may be very attractive to the likes of Apple et al.

2 flown the nest now onto the big ones.