Iog Share Discussion Threads

[g2theary] 09/8/2023 13:10

Be back up to 200p soon ;)

[g2theary] 09/8/2023 13:10

Get ready for this to pop ;)

[goldennuggets87] 09/8/2023 12:59

Fear gang come out to play on red days. Uk nat gas up 30% 101p therm now ;)

[jaknife] 09/8/2023 11:53

You may get a short term spike but fundamentally there are only two likely outcomes for IOG and neither of them is good for shareholders:

1. A debt for equity swap, priced at a significant discount to the current share price, or

2. administration with the entire assets of IOG transferred to a NewCo, owned by the bondholders, in return for them extinguishing IOG's debt

Under option 1 you might be lucky and get awarded £2.5m of equity in the recapitalised company, which would equate to 0.5p a share but option 2 would mean zero.

The problem is that retail shareholders just don't seem to understand debt and capital structures. IOG owe the bondholders EUR 105m! They had to agree to give the bondholders EUR 5m just to extend the waiver by two months. If IOG had to give them EUR 5m for a two month extension on negotiations then what else do you think that IOG are going to be forced to give them when it turns out that there's not enough cash to repay the bond?

You're playing poker and bluffing with seven-deuce whilst the bondholders are holding four aces.

JakNife

[aimmafia] 09/8/2023 11:28

Will certainly move north once the sellers are drying up. Gas up and hugely undervalued

[g2theary] 09/8/2023 11:21

Gas flying ;) added more here ;)

[dunderheed] 09/8/2023 11:00

Not really - that was a simple P&D yesterday and they will return probably a few more times over the ensuing weeks IMHO.

[cliffv69] 09/8/2023 10:32

Its so funny that only yesterday everyone was talking this share up and now it's the opposite.. with no new news too. They have until 29th September to come up with a better solution to the debt, various new licenses in the pipeline and gas price rises coming. I personally think compared to some other shares, although high risk it holds plenty of upside value. Can jump quickly on any news so worth a punt is my view. Dyor

[dunderheed] 09/8/2023 09:49

Deltalo - you still holding?

Sadly this is only going to be "traders" share - trying to manipulate 5-10% moves for their respective strategies - until real news arrives - and I don't mean new exploration rounds - lol.

All IMHO, not a holder, dyor, not looking to hold or short and best of luck all.

[g2theary] 09/8/2023 09:38

Gas price will save them ;)

[blackhorse23] 09/8/2023 08:35

Bankrupt RNS anytime

[nemesis6] 08/8/2023 14:31

Dead cat bounce...think you were right sums up the UK.

[g2theary] 08/8/2023 13:08

I think the number is 16 for that ;)

[mam fach] 08/8/2023 13:01

Is next number in sequence 18?
We can but dream!

[jotoha2] 08/8/2023 12:55

4 6 10 ,nice even numbers .

[wh123] 08/8/2023 12:48

P&D the shorts are using all this new liquidity.... Some big boys will be out by this evening before the hype

[g2theary] 08/8/2023 12:35

10p on the cards ;)

[firestorm911] 08/8/2023 12:25

Most likely sometimes in October.


Enjoy.

Regards
F911
RMC

[imjustdandy] 08/8/2023 12:24

Debt for equity done with bond holders?

[firestorm911] 08/8/2023 12:23

Enjoy.

Regards
F911
RMC

[mam fach] 08/8/2023 12:14

Waw! They want our shares.

[tomboyb] 08/8/2023 12:09

Bit of a bounce here -