Bought into IVE this morning, purely on speculation only... small time though. Don't know much about them though ! in for a penny in for a pound and all that.
Got out of TPG (dead loss and falling away fast)

http://www.independent.co.uk/news/business/news/smallcap-miners-devastated-by-credit-crunch-1021812.html

Thanks for your help dd.

Some people talk alot of crap.

I'm not say they are going bust I'm just trying to point-out that in this market IVE is very very high risk. The MM's haven't placed their sp below 1p for nothing. Just don't be in denial. You never know, they may be trading at 1 in 5 years time but equally they are more likely not to be around.

Their is absolutely no credit atm for any fundraising at all.

Hope I'm wrong for holders. I have never held these.

I have sent an email to the FSA and so have some other private investors in relation to the way EVO appear to be operating in this stock.....

Anyone else who wants to make a point to the FSA please feel free. market.abuse@fsa.gov.uk

The more the better. I do ask you to do it (if you feel something is not quite right), please, many of us know what we have been witnessing. All it is, is one email. Thanks and good luck to us all.

mine has been sent off. Here is the reply.....

Thank you for contacting us regarding your concerns about potential market abuse. Your concerns have been passed to the Market Conduct Team for review and we are considering the issues that you have raised. We will review the information you have provided very carefully with a view to determining whether it is appropriate to exercise any of our statutory powers in respect of market abuse. As you will appreciate, we operate under strict confidentiality restrictions and it may not be possible to update you on any work that might be undertaken or communicate our decision to you. If we require any further information, we will contact you. For further information regarding the FSA's market abuse regime, the Code of Market Conduct and/or the Market Conduct Team, please consult our webpage at http://www.fsa.gov.uk/marketconduct Sincerely, The Market Conduct TeamHelpline: 020 7066 4900

Well, well, I told you I was the kiss of death when I bought at 4p+, then doubled up at 2p+, doh!!. Surely Gasrock could have bankrolled anyone of a 1,000 company's looking for money, I can't believe they picked the worst one in the world to invest in.

Grim isn't it...! I originally bought in twice at 4p+ a couple of years ago but have not topped up since (although have been tempted to along the way).

The real K'oD was really when it was tipped in Shares Mag & IC recently (b4 the recent drop).

Also the current stk market and crude $prices havn't helped... Not worth me selling at this low level so will hold on for another couple of yrs and hope for the best!

Sorry to hear that skyhigh, my first buy was just over three but have averaged down to .95.

forgive me for being a bit stupid but let me try and put a point across...IVE have overspent on running costs and may / will have to sell some of their assets to make up for the over spend...I am assuming they are still "exploring" and the drilling program they have is still on course...so what's to say they might still get lucky and find some good stuff?...If I'm being stupud then apologies but just trying to look at a positive angle to the gloom.

Yes, your right and I like the pos+ angle......it may come good eventually but for the moment...it's still grim ! (like most of other shares!)

Buy-recommended Cimarex Energy (XEC) is taking advantage of its operating and financial strength to acquire promising shale gas acreage in western Oklahoma from Chesapeake Energy (CHK) for $180 million. The acquired leases cover most of the same land where XEC has already participated in 18 of the 23 industry wells drilled to tap natural gas in the Woodford Shale formation.

The low-debt, cash-rich buyer will use internal funds to acquire an asset from a cash-strapped seller at an opportune time. Cimarex may ultimately spend $2 billion in the Woodford area to develop more than a trillion cubic feet of reserves over the next decade. Meanwhile XEC is reducing the number of drilling rigs it employs currently in order to keep spending within cash flow generation. Some well projects in the Texas Panhandle and in West Texas would be marginal at $6 a million btu, should natural gas price drop to that level.

While we keep estimated net present value (NPV) at $100 a share, investors can readily make an approximation that the McDep Ratio of 0.44 implies that XEC stock is priced for oil at $44 a barrel and natural gas at little more than $6 a million btu. Current futures prices for the next six years are more than $80 a barrel and almost $8 a million btu. XEC Chairman Mick Merelli has shown in the past that tough times can be times of opportunity for the well-run company.
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Make no mistake whatever happens, our assets ARE hot!

http://www.number10.gov.uk/Page17544

http://www.capmarkets.com/ViewFile.asp?ID1=108186&ID2=275301489&ssid=1&directory=12925&bm=0&filename=Irvine_Nov2008.pdf

http://www.telegraph.co.uk/finance/markets/questor/3532202/Investing-in-crude-oil-could-be-a-slick-move.

More paper issued.......fundraising = dilution

Should put a floor under 0.25 pence per share, or will it?



(posted a couple of days late as it seems to have been missed by the regulars here)



POG still dropping steadily since my last posting of the graph, of course it will go back up one day.

Is this another firm going bust? have already had three big losers this year BRR,THR & AIMR.
I still believe in the company but that doesn't mean squat if the markets disagree.
Still holding.
Alex

robert - funding is the big issue. IVE has raised enough to get through about another nine months and is seeking either to sell some assets or a merger. Hopefully they can raise enough to unlock the situation regarding their dispute with Metro over cost over runs which, in turn, has resulted in the Gas Rock revolving credit facility being frozen. The IVE directors have taken most if not all of the recent emergency placing, so they seem to have faith in a positive outcome.

all imo and dyor

anyone in a position to tell me if 0.28p are buys vice sells. shows as sells because below mid price but i know from experience these often sell below mid price. can down average for the long term for only a small cost.
Alex

Why not try a dummy buy? Mind you, I'm not taking the risk of putting any more cash in till the above is resolved.

cant deal in these on-line, have to phone up. too much of a cheapskate to do that unless definitely investing. there is no rush if it goes down further may consider topping up a bit more seriously. if not will just sit and hold.
Was only looking to purchase 61k shares to make 100k shares and average down. as i paid 880 for the first 29k you can see why i thought about averaging down at these prices.