Igas Energy Share Discussion Threads

[bad gateway] 22/9/2021 07:38

No it isn't.

[jaforsadi] 22/9/2021 07:37

It's the 13m of debt which is the issue

[mally6] 22/9/2021 07:33

No mention of placing needed this should bounce back strongly

[bad gateway] 22/9/2021 07:31

Well yes they have a reserves based lending agreement with a lot of capacity still..

· Successful Reserve Based Lending facility (RBL) redetermination in June (a semi-annual recalculation), confirming US$27 million (£19.5 million) of debt capacity and headroom of US$8.8 million (£6.4 million).

[amrishbhim] 22/9/2021 07:27

Result are very good. I didn't understand why the share dropped yesterday. Hopefully we will see some upward trend today. Regarding raising additional money is a lie from all end, last week several company's did well and many derampers stating that there be fund required and everyone jump ship, non actually came with any funds raise, how interesting

[zen12] 22/9/2021 07:21

Excellent results, best bit:In geothermal, the Stoke-on-Trent project could be the first in a new generation of British-backed heat plants. It will support the decarbonisation of heat, move us along the path to net zero and help tackle climate change. Whilst we await the necessary Government support for the Stoke-on-Trent project, we are receiving an increasing number of enquiries from local councils and other large-scale users of heat.We believe there is significant commercial potential for geothermal energy production and the development of localised hybrid energy systems generating both heat and power."

[bad gateway] 22/9/2021 00:12

Plans look quite advanced re Stoke on trent and they look rather committed too.

[911999] 21/9/2021 21:49

If Buts , and what if ! Dream on the spike !

[911999] 21/9/2021 21:48

If you read all the reports regarding. Stoke on Trent council , it's years beyond dreams ...

[letmepass] 21/9/2021 21:27

When BR is on a thread the brokers are usually selling. In this case it looks like forward selling placement shares.

[roughandtumbleone] 21/9/2021 20:47

Ummhhh is that why HSBC have increased?!

[muddyfox0151] 21/9/2021 20:08

Will buy back in am expecting a massive placement?

[911999] 21/9/2021 20:05

Time will tell but ?

[muddyfox0151] 21/9/2021 20:03

It's not enough and the company not making money . Hard facts .

[zen12] 21/9/2021 19:58

Deramp it much you like...multiple posting doesn't change fact that they have financing secured until 2024. So take a walk fella..

[911999] 21/9/2021 19:38

Do you buy into that ?

[911999] 21/9/2021 19:34

And now the board are having a second sitting......., beware look at the history

[911999] 21/9/2021 19:32

Really you watch this space , massive red flag ! This is a life style company , they consolidated there shares a good few years back ! Init fir themselves , I WARNED you ....

[zen12] 21/9/2021 18:38

IGas announces that it has now completed the repayment of its Secured Bonds at par value (100%) plus accrued interest through the drawdown of $25 million from the recently announced Reserve-Based Lending Facility ("RBL") with BMO Capital Markets. Accordingly, this transaction has no impact on net debt, which was GBP5.3 million as at 31 October 2019. The RBL has a five-year term, an interest rate of LIBOR plus 4.0% and matures in September 2024.

[zen12] 21/9/2021 18:38

20th Nov 19 RNS:

[zen12] 21/9/2021 18:33

Nonsense derampers same as last Thu, then boom!

[911999] 21/9/2021 18:32

Same old story , this project is months if not years away ?

[911999] 21/9/2021 18:31

Massive placing on the cards , big red flag here ! Beware