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Hi @deniscaff. As you know I sold a little way back making 64%. I was frustrated at the lack of clarity and update from IOG. The price seems fairly static since I left but with the money I made from this I have made 20% in JET2 already, which I would not have done if I had held IOG. I continue to watch IOG closely and will buy in again if a dip comes and the right conditions are there. Energy supply is becoming weaponised by hostile states. This puts any facility which allows the UK to be energy independent (we currently import 60% gas needlessly) under the microscope by the same. We woudn't want to be like Germany and beholden to Russian supply. IOG could continue as a UK company or be taken over by a foreign owned company. Gas prices are at an all time high yet IOG still not producing, which I am amazed at. In worst case of hostility escalation it is these assets which will need protection as they will become strategic and essential to any military effort. IOG was always a speculative punt for me (petro exploration is always risky) which served me extremely well. If they can get the gas out whilst the price is high and fend off any hostile takeovers this will soar. And whether or not I am able to buy back in, I wish all those invested in IOG all the very best...
I knew a man in the 80's who had converted his Ford Capri to run on hydrogen which he produced himself by reverse electrolysis of water using solar power. Sadly, due to an unexpected explosion he (and his Capri) are with us no more. Good Luck Everyone..
Can this really go sub-20? Seems to be in a flat spin...
I remember buying this for 12p in 2015 and selling for 20p in 2019. One of my best moves ever.
Maybe this is why there is not big money investor interest, low volume of trades everyday and a 15% spread. This fossil is turning into a fossilised turd. Still the NAV is growing....
Will they publish an estimate as to how many ants and termites they have exterminated and the biggest ant and termite mound they have found? It's these kind of statistics which we find particularly interesting at home..
How long do fossils take to form? Still great NAV and increasing all the time. This will be a really BIG fossil when it comes. Maybe the most valuable one ever...
One reason that I sold up was that this share seemed to be heavily manipulated and not even correlated to PM markets which are also heavily manipulated. But even a wrong clock is right twice a day and there are certain methods to spot that the tide is turning. So I'll wait and jump back in the right time growing my holding in tranches. At least one of the directors buying some shares would be give the market a bit of confidence that this was not just been run downwards.
@caitlin the price has to be assessed against many factors to determine if it is cheap.
Glad I sold at 918p and sitting on cash now. Ready to buy back in when the right time comes. Good Luck Everyone.
This is no doubt affected by IMF announcement 2 days ago. Reason cited is rapid spread of Omicron in South Korea.
Was tempted to jump in at 700p. Can't believe that this is heading for -600p now. Gold looks oversold but it's a bloodbath for silver. Before yesterday I would have said that this had hit the bottom. Now not so sure. Still trying to calculate where it could go and how quickly. Steady decine maybe to 550p or lower given that Powell has not ruled out interest rates at each meeting this year which will boost the dollar and hurt PMs. Shame as I still feel this has 1000p in it one day in the future.
NIce nod to the Quo...
Good call MaryBr190..
A drop of this magnitude is unwarranted IMO. I made money buying at 898p and sellinng at 918p (missing the peak as I was convinced it was still undervalued and would breach 1000p). I maintain that anything under 900p is a bargain as this is easily a 1000p+ stock given the right conditions. Profit warnings affect the short term price but low 700's is madness for a share with such potential. Fill yer boots if you still have the cash IMO...
Gold and Silver are buys and yet FRES is a down and a sell. Work that out...
Down quite a bit on this having waded in deep at 572p. However, I'll be joining the masses stocking up on my gardening goods very soon. We'll all be growing at home if it kicks off in Ukraine. If its one thing that the lock down has taught me, it's amazing what one can do with a potato if one has to...Back up to 600p soon IMO.
Yes moniman that would certainly be a sausage roll-royce. It comes with a built in electric oven to heat up your pastries..
MAFL moving HQ to the land that time forgot...
Great summer ahead for JET2 and its passengers. Still a bargain at this price. Once Ukraine crisis is resolved share price will rocket.