Member Info for TheThinker

Very disappointing stock this one. Was mid-20s not long ago then halved. No sustained growth. No dividend and no prospect of one. Just people bleating on about how good the NAV is. Not much use if it never converts to growth or yield.

Life is good in Cayman...

I'd just like to know what the strategy is to get some market interest and liquidity into MAFL. Great that NAV is growing but does nothing for me as a shareholder if that can't be converted into growth or yield so I can enjoy a return on my investment within my lifetime. I've been quiet on here for ages but getting a bit sick of it TBH. Are we entering another doldrums period where price meanders aimlessly between 6 and 13p which last time lasted for years?

I can get a quote for buying but can't get a quote for selling even10000 shares. Nobody wants them. I don't know why the market has such an aversion to this share. I've had them since 2020 and seen NAV go up but sp has languished. Any ideas when we are going to see some growth here?

Dwindled down from 25p in less than 12 months. Great!

A hearty well done to everyone who had the powder to buy in low and sell at the right time. I hope the BOD can use this next 7 weeks to develop a really solid turnaround plan. I'll bet that there was some real tough negotiating and convincing going on. Rupert should be congratulated on salvaging this and release a timely interim RNS. I don't believe that the previous leadership would have been able to pull the same rabbit out. I suspect that the confirmation RNS will follow and then it will be all hands on deck (literally) to get prod rate up (I hope no more reductions or technical problems). Good luck to all holders short and long term. TT

Or a optimistic bull being led into a inescapable trap.

Yes .zstarz I recommended both your posts. IMHO this is one of the most undervalued stock listed and well overdue a re-rate upwards. Good Luck. TT

Hi snooz. Yes I meant +10%. Sorry I should hae been clearer. It's heading that way but be careful of the spread effect dragging the % profit down. ATB. TT

RNS declaring further waiver extension (2nd or 3rd time I think) will provide a quick shot to the arm and give some who bought very low a quick profit. MIght even go double digit blue post a calming RNS. Don't get caught out by the spread though (nearly 6% at the time of posting). Obviously set by MMs to prevent any PIs from turning a quick profit.

City can smell blood now and ripping the hell out of IOG. I can see bondholders taking D2E swap in return for the extension which will pile on even more pressure. I would like to see the production profile since H2 started pumping and where they see this going. Gas price predictions you can get from the futures charts. Looks good going into winter but is it good enough? Rate and price are the 2 parameters which are going to decide whether IOG sinks or swims. I just wish everyone here well and hope that you make the right decisions. I learnt a lot from you all over the last months. TT

20 mil ringfenced might be employees pension pot. Dunno. Just guessing. TT

No logic. Great set of results so share price plummets 6%. (Same thing happened to BARC last week.) GRG top up time. TT

Great summary mole.

Who is it aimed at? 'All Stakeholders' apparently according to the RNS. I would have liked a bit more clarity afforded to PIs but perhaps this was too much to expect given IOG track record on this topic.

I've had enough of IOG and bailed out today. I canned another crap AIM listed oil stock today too (CASP). I was in that kind of mood. No wonder traders, scalpers and shorters prey on this type of company. You can't invest a stock like this or play by the normal rules. Will be interesting to see how to markets open tommorrow. I'm half expecting an out of hours RNS soon announcing a dilution, D2E swap or even administration. Only those in the know will benefit. Add a crazy spread to prevent even the private traders making anything. PIs will be left higher and dryer than H1's pipe. Morbid fascination keeps me watching to see how things pan out. I'm saddened for all the LTHs who kept the faith and those who like me bought in as an investment. Good Luck.

The trust in this BOD has gone in my opinion. I just sold at 64% loss. A few months ago I averaged down as I had confidence that they could produce something and actually build a business. Since then it has been a steady decline in sp, misleading statements and lack of information. The late publishing of results and temporary suspension should have been a big warning light. No decent company would do this unless they were totally incompetent. Did they expect investors to have confidence in them after that? These guys don't play by the rules and I'm taking the opinion that it's better to get out with something rather than peanuts later. I 'm taking the money and looking for a real opportunity with a real company, not a bunch of scamsters with their own hidden agenda. Genuine good luck to all who hold further or have the nerve to average down, but I for one have had enough. TT

I'm out. Over 50% down from 5.4p entry. However, I made over 50% from before when it went up to over 40p. So overall I've neither won nor lost. Better to get out with something rather than nothing. It's a damn shame because I had genuine faith in the new BOD to pull things round after the last BOD continuous mis-management of risk. I kept waiting for a positive RNS to calm things down but seems that the last one has just poured petrol on the fire and investors of all ilk are running for the hills. Without the debt and grip that the bondholders have this would be a good investment but the high level of debt now make it untenable for me. The future...I genuinely extend the best of luck to all who remain invested or have the nerves to buy in/average down. But for me I can see takeover or dilution on the cards. I will not be investing in the AIM marginal oil and gas sector again as it is too politically fraught. There are good reasons why the big players do not try to extract from these fields. The small players can succeed but it seems to be a high stakes game. I can make much easier money elsewhere so I'm out. All the best to you all. TT

In war it's the masses who suffer the most, They are 'volunteered' to fight for the ideologies of the elite. TT

I don't think the ULVR employees will have much choice in thier fate Spikey. Maybe some senior management will lead from the front and volunteer but somehow I doubt it. TT

Since 12 July when the last RNS was released sp has tanked from 3.7p. Given the level of drop (and so rapid) I would have hoped for another RNS to steady investor sentiment. It's getting very cheap and ripe for a takeover unless something is done quickly to ease a nervous market. On the face of it, (and echoed by other posts here) it feels like the market is worried about IOG ability to service it's debts, over the full duration, and it is very susceptible to gas price volatility. Stresses in gas supply over the winter and due to the war are pushing up prices. The human cost of both is very tragic indeed. However, eventually the stresses in supply will find a way to resolve themselves and so price has to revert to a normal level (ref. Crude Oil). So for the next year IOG may be in a position to service it's debts but there is a question mark over the longer term. On option is to bring another well on line. Of course to do this takes capital, of which they do not have a great deal and going further into debt is probably not an option (even if they could secure it). Another option is to increase H2 well flow but this has risks. The current BOD seem to have a better handle on risk management than the previous lot (who frankly seemed hapless and clueless) and producing something at a slightly lower rate for cash is better than pushing things and risking losing the lot. So perhaps a bond holder takeover is a real prospect especially if they have facility to write off the debt. IF they felt that IOG might repeatedly default on the repayments they might be tempted to takeover as this would be financial damage limitation. I'll bet there is some intense head scratching going on somewhere to assess the different scenarios. GLA. TT

Should have been overthinker. LOL

Agree with you BD. The unfortunately way of the world is that as soon as someone invents tech that drastically increases mpg or significantly lowers emmissions the oil companies and those with vested interests buy them off and lock the patent away. Cars could run at over 100mpg on fossil fuels but unlikely to ever see the light of day. It's not the tech we lack it's the international political will to ban this kind of practice where it has an adverse impact on lowering emissions. And we should remember that it's not just the day to day emissions impact that should be considered it's the impact over the entire lifecycle from obtaining the raw materials, through production, useful life and then recycling. It's a very difficult thing to calculate and surprisingly as a society we go for the new shiny thing because it advertises a lower environmental impact when actually the older bashed up rusty thing, which has already been produced, has lower impact over it's entire lifecycle. Now if you can modify that old thing to make it super efficient, that would be something.