Member Info for TheThinker

Morning mole, great summary as ever. Big respect to SQZ for taking the time to put those numbers together in such a logical format. Good to see IOG rising this morning even though it does not compensate for the recent big drops. I was resolved to cut my losses and sell up this morning if no RNS but I feel a little more optimistic now and will hold until next week. BOD need to show a few of thier cards now via an RNS. It would really give confidence that there is a strategy to bring this back from the brink. BTW, I don't see any posts from Sailor anymore. Does anyone know what happened to him? He was a long time poster. GLA TT

New to this board but not to LGEN.

Running a diesel Q5 and waiting for RSQ5 to come out..Hehehe

Either that or going for Porsche Macan GTS.

Before that had 335d.

Interested to here what others running?

On subject of LGEN. It looks overbought still. Just bounced off the upper BB band on multiple timeframes. Classic presecessor to drop. Waiting for greenlight entry about mid 220s then will pile in big time. GLA DYOR. TT

BOD need to issue an RNS tomorrow to calm the markets or this is going to continue to slip away. Unless they don't care of course and it's fate is cast.

A family member recently sold his V6 diesel VW truck and bought a top of the range electric M5. The one free charging point in his town uses an app which sends a message to all subscribers when the charging point is available because the vehicle at the charging point is fully charged. This means that he very often has to venture out at 2am and race to the charging point to get there before the other EV owners who want to use it. The charge point is about half a mile away from his house so he has to leave his circa 100k machine in an open car park unattended. The alternative as he does not have a private driveway is to trail a charge cable from his house, down the path, across the communal parking areas to his car. Surprisingly, the novelty of EV ownership is wearing off. Oh, and did I mention the exhaust note comes from a speaker and is designed to sound like a proper car. TT

I don't understand the self-destructive attitude that we seem to have for our native petrochem sector.

Especially when a good chunk of pension pots are made up by them.

TT

Thankyou all for the very helpful postings. TT

Does anyone coming from that industry know how IOG might be selling thier gas and under what payment terms (30d, 60d, 90d)? Trying to understand how long it will be before IOG is actually benefitting from sale of H2 gas. The flip side is, can anyone concisely explain the debt payment terms (monthly, quarterly, etc.) Then we could start to do a crude cash flow analysis which gives an idea of how deep they have to go into their cash reserves and when H2 starts to positively impact it. Would give a feel for when this might start to rise up again. Good Luck. TT

Can you please provide a link/ticker code to the source of UK gas price? Many Thanks. TT

Morning Everyone. Here's hoping we have a good week this week especially with IOG. Best of Luck. TT

Sounds like good news, many thanks for the posts. For those of us not too familar with the interaction as regards production/sales/taxation, would those with a great deal more knowledge explain why this is important to CASP? Is CASP shipping oil to Russia and subject to some kind of import tax? How is a UK listed company able to sell oil to a sanctioned state? What is an oil tax discount and why is it set? Apologies for the volley of questions. TT

Ah yes 65% increase! You made me feel better (but thicker) ;-)

Welcome rise today, tempered by the realisation that the IOG sp will have to rise 170% from this level for me to be break even (5.4p).

Good news indeed! I don't fancy living with a pressurised high explosive in my home or next door to it or in fact running under the street. Normal gas explosions wipe out a house, hydrogen would wipe out a street.

Anyway, NG extracted is sold on the open world market (at the moment it is not ringfenced for UK use). UK is a relatively small user so the decision for UK to keep NG as an energy source will have limited effect. The bigger effect is from the wholesale price and that is affected by worldwide demand and supply. For example, IF a big coal using country were to move from relatively dirty coal to NG that would have a significant impact on demand and pump up wholesale price. That would be good for IOG.

I'm seriously hoping that HMGOV wake up and stop hammering oil and gas sector. No other G7 government seems to be doing this and it makes UK uncompetitive, in yet another sector. This would have the bigger impact on the bottom line of companies such as IOG. I would encourage us all to research the main UK parties manifestos in detail as well as how othe G7s are treating their O&G sector, by comparison.

Good Luck. TT

Been watching things unfold. What a week so far! The future of IOG is now heavily gas price dependent. H2 flow stablised at 32 (lower end of range). Good thing to prevent damaging well but means that gas to cash conversion will be slower than if it were 40. They can't risk any more mess ups or they are sunk so playing it safe with H2 flows. I'm sure thoughts are turning to whether they can up the flow somehow as IOG needs cash quickly to service its outstanding debt. The chart of monthly profit depends on the flow rate (stable @32) x sale price (variable) but if this is below of skimming the operating costs curve then the business model falls apart. So BOD have got to cut operating costs to the bone immediately to stand any sort of chance of survival. Or they assess the current value of any assets and put up the for sale sign. The first path is frought with risk and requires long term dedication from the BOD. The second path is self-preservation for BOD but leaves PIs at the whim of whatever the buyer chooses to pay (and I'm sure we have all seen how that plays before on other AIM stocks). I hope that BOD do the right thing and see it out as this is basically a good company now with better BOD which has been subject to a ton of bad luck in the past, exacerbated by the previous resident bunch of cretins.

Brace yourselves for stop losses potentially triggering at pyschological 4p mark. Traders will turn a profit as drop will be shortlived but give the rest of us cause for change of underpants. I predict a rocky ride here until some of IOG's flaky aspects settle down and I'm still a hold despite buying in at 5.4p. TT

Some great posts today. I'd like to ask the BOD at the EGM whether any of them had ever submitted thier homework assignments late when they were at school and what were the consequential punishments. I'd like to see a naughty desk on the stage at the EGM and the BOD have 5 minutes to declare the main offender. The culprit would have to sit on his own for the duration of the EGM.

Seriously now, it is nice to see the results (finally) and have CASP shares trading again. Hopefully North again from here.

It's common knowledge for trading to be suspended if results not submitted and hand in hand with this is a drop in sp. Then (after a secretly known length of time) when results are submitted the sp goes ping! It is therefore not inconceivable for those who know when the results are going to be submitted to make a fast buck just by controlling when they submit thier homework (sorry results). Of course upon resumption of trading, the MMs would have to put a double digit spread on the sp to stop any PI's from making a little bit. Not implying that AIM or IOG is corrupt in any way but just saying it could happen...TT

Its not only the %drop its the rate of %drop that algos use. 12% is a decent enough drop to trigger algos on a big share like JET2. Good CEOs retiring always cause a drop but this is only part of the reason. With so much of the market performing badly, opportunities for the MMs to cream off some PI money are too good to pass on. My take...MMs sold some big chunks triggering stop losses and causing smaller investor and PI panic selling. Then when rate of selling slows down and PIs who think it has bottomed buy in, MMs will shake a few more out by selling chunks again, causing more panic selling, until it reaches a true bottom then it's pump, pump, pump. Wash, spin, repeat. Keep the faith everyone, this will be back where it was by next week. TT

No significant shorts showing on shorttracker.com

I would not be alarmed to see IOG drop below 4p temporarily until some of the uncertainties have been worked through and a positive summary RNS issued. IOG has never been for the faint of heart.

YCA might be getting a welcome PI boost after write up in last week's Investor's Chronicle.