FJET Stream Log

Independent Resources/ IRG, has taken a bit of a bashing since 2011, with the earthquake in the Po Valley having seriously put into question the value of the Rivara asset, but thankfully all looks set to change and investors can either grab a great long term hold or profit short term. Jumping straight in with fundamental analysis, historically Independent Resources has traded as high as £1.50 per share and mostly within the 40-60p range. Cantor have even placed a 67p target on these shares, which I expect is based on pending news from the San Gervasio project, which has the potential to generate positive cash flow within nine months of a confirmed award (Independent Resources have already scored highest with the awarding body and most analysts expect this award to be confirmed prior to the new year). From a purely asset based valuation, Independent Resources still stacks up well with a Net Asset Valuation per share of 30p, making it very undervalued in the market. Adding to all of this, no news on major projects has been heard for more than four months now and combined with this final results are expected soon. Although, the question over the award of the flagship Rivara asset may still trouble some investors, I personally don't think it's as relevant to the company as a whole than it used to be. With the expansion into Tunisia and other such countries to accumulate assets, Independent Resources looks set to rise up from these low levels. For short term traders, the current prices may seem a little high and from a technical perspective the RSI and stochastics may suggest that you ought to hang on for a cheaper price, but obviously if (as expected) positive news comes out soon you won't want to be left at the starting line. For the long term holders, these levels would be a great buying time and you never know, if the spot price rose up to £1.50 again you could profit more than 2000%...

RE: Stalwarts Holding List - I still hold 130,000 shares

Moobo/Keith/Kanu - Darwin at large here - price going down, down, down - same old pattern. Once the end of year results come out this will drop 25% - disaster in the waiting and the BOD don't give a damn about the PI's - will you ever lean?

Moobo - How do you know that?

it wont be long before our big investors are on board then its take off all the way and leave all the doom and gloom behind

cujimmy this will bounce back mate watch this space mate all pointing the right way now mate

Good God, this share is the worst performing share on AIM.

prick123

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Looks like we are in it for the long haul - The Company also announces that it has agreed to extend its current Equity Finance Facility ('EFF') with Darwin Strategic Ltd. from £15 million to £25 million. All other aspects of the initial EFF agreement announced on 14th June 2013 remain unchanged. fastjet is also in talks with a number of potential long term investors. Whilst these are concluded the agreement with Darwin to extend the EFF is a prudent measure, which provides the Company with the flexibility to raise finance in the short term as required. The fact they are in talks with long-term investors is very positive.