> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




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cyril

I don't think the Russians will pull the plug, given the levels of investment in the Tomsk region by IEC (very simple theory, I know). Oleg Mitlov appears to have a habit of blowing hot air. The company seems to have very good relationships with the local authorities and I expect this will be cleared up sooner rather than later. As to the overall effect on the SP, we'll have to wait and see. Fortunately I'm long on this and am prepared to ride the storm.

Sometimes you`ve just got to take a gamble on gut feeling. I brought in again earlier on @10.60. Good Luck 8-)

tried just now at 1119 and price moved in the middle of dealing ..... pure greed - lol!

and the gods were looking after me as now down again to about 1070 mid!

My guts are just starting to wobble a bit. HOPEFULLY NOT THE SAME HOUSE I BACKED IN THE NATIONAL.

reckon you should be ok, but may be something of a lumpy ride ..... perhaps set a realistic profit target and stick to it.

You are playing with fire here cynic.

The Russian Bear is alive and well, having only just emerged from hibernation.

He now wants his porridge only to find some little git has come along and got her feet under the table.

What can one say at a time like this? The Russians being the Russians i suppose.
IEC as been pointed out are in full compliance with the Licence, but seems not to
satisfy the market,shorters are my biggest worry, once they smell blood?
IEC has become much more of a gamble, i believe all will work out but i,m
no expert and it's just imho.
Best of luck all,difficult decisions to make?
cyril

blanche ..... hope you took my advice from yesterday ..... if so, you should now be out with a healthy profit

Morning Cynic, Have considered taking my profits,but still think it will creep back up short term. Still good size buyers today @ 12+

prob difficult to do, but if you want to keep running the position, then recommend guaranteed stop-loss if you can get it in such a hugely volatile share

Well done here cynic.

SWW .... can't cope with this praise ..... you make me come over all shy .... lol!!

IMO this will be resolved quickly. It appears Mitlov has previously attempted (and failed) to undermine Western exploration companies. No reason why he should succeed this time. Happy to hold, with my seatbelt fastened.

you are prob right, but even POG has still not recovered its pre-Mitlov levels

The thing about IEC is that before the recent confirmation of reserves we have seen much more dramatic falls, without the intervention of Mitlov (or anyone else!)
IMO this is encouraging for the long term. However, there still could be the opportunity for you to get in sub 11 cynic.

not convinced i want to! ..... quite tempted yesterday out of greed and on the basis that the fall, like the previous rise, had been overdone ..... had i done so, would have just traded very quickly as i commended to blanche

Cynic taken on your advice on trailling stop loss many thanks8-) Would have been happy if IEC closed over 12 as i thought it was a good support level. But over 13 as they say where i come from,(come to papa) 23% up. If only it was as easy as that all the time. Have a good weekend!

good move ..... so volatile and totally impossible to predict next move .... sp auction close was 1320, but that is often something of a phoney price

blanche ..... hope you are well out and smiling en route to the bank ..... far too dangerous a share to deal if you ask me ...... feels/smells like a lot of inside info manipulating the price viciously