Member Info for Wolster69

Disheartening to see that Shares magazine today has a feature article on lithium miners but SAV get no mention at all in the text, just inclusion on a chart to show how the sp has declined over the last 12 months !
They were supportive of SAV in the past with Oman and Mozambique projects, but have always been negative about them getting involved in lithium at the cost of developing their other assets and focusing on lithium, but surely a mention at least is warranted ?! Poor from Shares I feel and surely SAV will not be happy at the lack of coverage in the article which may have attracted some pi's.

Aligator- everyone on AIM seems to issue regulatory notices whenever they feel like it and have little regard for the rules as they don't seem to be upheld. So LO may well have long crossed other stipulated boundaries but will get around to announcing it when it suits them.

That attitude is what will lead to the reversal of global wealth where so called developing nations will become rich through developing their assets now and places like Portugal will become very poor and exploited by those new rich countries in the future for the resources they will still have through not developing them now.....they have been warned and will only have their ancestors to blame.

Rigger also strangely quiet today given the fairly accurate posts made pre RNS. Hopefully can give us heads up on any further developments with Southwark work.

Wish I had your confidence about a bounce....IOG feels like a very burst ball at the moment where the puncture-patch RNS has not worked !

Getting hammered again....this is a very tough hold now given the lack of any real positive impact from a promising RNS.

This selling is relentless and quite surprising given the update as I thought they might sit back a few hours to let it rise and then sell at higher prices, but they just seem to want out at whatever price. Surely they should have disclosed more crossed holding level percentages by now if UK based ? But no action ever taken when laws are broken on AIM so I guess they'll just do what they want.

Apologies if you've already said, but are you out of IOG now, Dunderhead ? Your wording suggests so, that's all.

I thought this RNS would see us back around 10p at least so disappointed at the reaction and can only assume LO still selling heavily, and possibly other large holder(s)? My main concern from the update was that cash has reduced around £4m despite revenue of almost £80m, so does that mean we've spent more than we've earned? I know the capex is high when getting into production and opex high due to remedial actions, but hoped the production would have added to the cash pile or held steady at least. Everything crossed for sellers to clear to allow sp to rise on buying, and for A2 remedial actions to be a success and achieve flows into double figures to be commercial. A bit surprised to see hydraulic stimulation mentioned again for A1 after the issues with A2 and switching to different method to re-perforate, but no tech expert so got to trust they have learnt from A2 experience as moving site indicates. Come on IOG, be the phoenix and rise up !

SpArmada has also been quiet since news last Wednesday after having posted the apparent photos of Southwark flaring, etc. in the days leading up to the dire news.

Wouldn't be surprised if GGITS has departed IOG as I don't think he's posted anything for quite some time on here that I can recall and was a reasonably regular poster prior to that.

Ok gambit, serious question now..... I acknowledge chartists may think that, but are you saying it will go back up even if further bad news is issued in next RNS because news takes 2nd place to the charts ?

Gambit- we were 17p with the Southwark news due and expected to be good and launch us back into 20's and beyond. You can't just disregard the poor news last week and genuknely believe we're going back up because we were at 17p last week. The situation has changed massively and until an improved newsflow arrives the sp should not realistically be expected to just shoot back up.

Gambit, absolute total f.....g no brainer, you said it !

We're producing 1670 bbls a day of sparkling water FFS !!

"Rodders, this time next year, we'll be m..........."

Cavey - nothing we didn't already know here from the RNS ! Just repeats the RNS info.

My (and surely anyone's) logical intelligent brain says that if we still had £35m in cash and wells producing over 20mmscfd then an update to that effect would be issued to support the sp, but the lack of such an update is adding to the growing concern that the cash position and production are no longer at such levels.

Mole , Dunderhead- I agree BH shouldn't be able to but just wonder if BH contribution to Blythe was a fixed amount based on budgeted cost, so additional is up to IOG along e or they try to recoup some cost with this kind of arrangement? Anyway, hopefully still a 50-50 split on additional cost for H2 on Blythe.
As I've been saying, would like an update on cash position, budget for remedial works onall fields, and latest production figures so we know for sure what we now have.
Southwark A2 absolutely needs fixing to produce commercial flow, and A1 needs to succeed to be commercial too, then we can move on to H2 on Blythe with some decent cash flow and profit accumulating hopefully.

Mole- I would think BH would make any contribution contingent on it being a successful operation and would reimburse their portion once improved production was flowing. They seem to pick and choose what IOG projects they invest in, so given recent events, a contingent approach is foreseeable, and anything more would be a bonus.

Scored- hilarious that you posted on wrong board about sp being 120p in Feb but 3 of the newcomer rampers on here recommended your post !

Musksnonorm- yes if you mean the Malcy interview, which the RNS of 22nd Dec followed and is more up to date, but if you want to ignore the facts then go ahead, your choice.