Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Tweet from IGas to BoJo yesterday:
Build back better Boris. Stoke-on-Trent geothermal project has the potential to create green economy skills and jobs, reducing carbon emissions by 11,000 tonnes p.a. and generating heat = to the energy needs of 4,000 homes. We are shovel ready
@jogideon @BorisJohnson
For info, the govt published an open letter last week seeking feedback from any intrested party with a viw to understanding what new generating tech might be around the corner to help improve UK plc security of supply. I liked this bit... "In response to our consultation last year (October 2020), stakeholders identified tidal and geothermal as 2 new technologies which are not currently listed as a Generating Technology Class (GTC) in the Capacity Market and which may be able to contribute to security of supply in Great Britain in the future, although are not ready to do so right now. As a result, we raised the need for de-rating factors for tidal and geothermal technologies with the Electricity System Operator (ESO). They agreed to feed this into their prioritisation exercise for future development projects. Through this year’s consultation exercise, we are also keen to understand whether these technologies are any closer to being able to contribute to security of supply."https://www.gov.uk/government/consultations/capacity-market-new-technologies-2021/open-letter-on-new-technologies-in-the-capacity-market
Just as confused as you are Jamesy! I notice from the other Board that a poster claims to have contacted IGAS re the lack of TRI on the 10m transaction, and been told that they will be updating the significant shareholder info on their site "shortly". How true that is I have no idea.
Another day, another drop in IGas… FY EBITDA should be pushing £6m here. Please someone, tell me what I am missing. I’m hoping the answer is patience.
Incredibly Natgas futures already +30% today….
Not sure, but L2 is looking more promising today…
Ask ticked up 17.90p something big happened
On the HSBC question they seem to adjust investment regularly. 2 up and 1 down in the past few weeks all relatively small movements. Expecting an RNS soon with a new or significant increase from an existing II based on trades witnessed.
BB. Worth reading the interim results RNS. Around 2000 BOEPD. Spike was based on an announcement about partnership with SSE on a deep Geothermal project.
HSBC selling? Bit annoying
How many bopd here? Obviously as gas equivalent... gas soaring, wondering if this is a good bet. Why did it fly before?
Chuffed as a holder, has to filter through to this and the sector eventually but not so sure our pensioners are going to do so well this winter..
"NORTHERN HEMISPHERE ‘SNOW MASS SEASON’ OPENS 250 GIGATONS ABOVE 1982-2012 AVERAGE"
https://electroverse.net/northern-hemisphere-snow-mass-season-opens-250-gigatons-above-1982-2012-average/
As I write, NatGas futures are up nearly 24% today
ECHO BB getting excited about an RNS confirming around 300 BOEPD for a company based in Latin america, with more debt than IGas and a cap of £8m... Go figure...
Not much selling or buying going on at the moment. The daily volume is very small.
Likewise FA, just made another top up, now my third largest holding (£2K@0.1664). I'm aware I've been very positive here and the SP movements haven't reflected my views but there are often detractors on these BBs with a different view challenging any positive claims. Other than some questions around the balance sheet here there seems to be no significant views with an narative to challenge the fact that IGas are turning a corner, increasing cash generation, undervalued and moving into areas that have significant potential.
Rude not to at this price ,CRAZY.
Mentally low now, is there really anyone left to sell now at this crazy price , ive seen some mad things in my time on the stockmarket and this is now up there.
IIAG couldn't agree more. Worth pointing out that only around 50% of their capacity is hedged so still time for a great H2.
You don't even mention deep geothermal which is the most exciting prospect of all, even though I have no idea about the commercialisation. It is already proven technology in many country's for some time though so it must clean its feet already. On the basic fundamentals of the core company I feel this should have an EV of at least £50m which would almost double the current SP.
Whats going on with Igas then, where is it going to go.
NAV june 21 ~62m / 50p per share
"Big Sellers out"
Other II increasing positions
Oil and gas price going to the moon
$32 / barrel costs
2000 bpd
hedged sale prices pretty low but increasing, come 6 months could average much much higher
hydrogen - sounds like potential access to government funding
£10m written off last year
£34m deffered tax assets / £67m in provisions already made
£21m mcap? seems to me like it should steadily rise over next 6 months. but what do i know.
Never seen that before a one share u.t must be a sign lol.
I do have one that is worse than this, but having said that this is the only SP of mine showing an increase today. Last week had so much promise.
Last couple of trading days have been very disappointing indeed. The fact that volume has fallen off a cliff since the KOGs sells appear to have dried up may reinforce the theory that there was a significant background buyer and I don't think that we ever got a TR-1 that lined up with the £2.3m purchase around a week ago. I still feel relatively confident here, but it looks like it may need more time than I hoped. GLA
The share price has bounced off the 50 days moving average (16.24p) / 8 DMA on the weekly (16.39p) and plenty of buys gone through since
?
tp c10p