UK 17:14 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Five days ago we revealed that David Lenigas himself was trying to arrange a £5 million bailout placing for insolvent LGO Energy (LGO) which would see Jabba go back on the board and hapless CEO Neil Ritson pushed into the long grass a couple of months later. We have emails from broker Dowgate to potential investors explaining Jabba's plans and saying that the placing would close well before the end of last week. There has been no RNS. Clearly - and not surprisingly - the placement is struggling big time and so LGO has today released ramptastic bollocks from Goudron to try to spoof punters into backing the bailout.
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Comments
Duck and Dive
Now up 5.1%. The effect you have on this stock is uncanny.
Tom Winnifrith
D&D
Yup the offer moved 1/100th of a penny up since I wrote. a bit further back I said sell at 3.5 now 0.31p Really uncanny the effect I have
T
wildrides
More hot air from Whinny ……… If you want to see the quality of the Trinidad assets LGO has a share of then see the Trinity RNS today which is right next door to LGO in Trinidad . That shows decline rates can be controlled well and output remain healthy in the same location . If it aint in an RNS then Whinny has made it up as usual . The share has already been down to 0.18p so what Whinny is predicting is nothing new in its trading range currently . Stanley Gibbons …….. now that is heading for ZERO and of course Teathers …….oh sorry forgot , its already there ………… SUSPENDED.
Simon Hodges
The meagre jam tomorrow equivalent of pouring some boiling water into the nearly empty jar and swilling it round a bit producing enough to dribble over a cream cracker.
Moira anderson
LGO are a serial car crash. Interesting that even BrokermanDanny, reformed bank robber, who should know a crook when he sees one lol! One of Dave lenigas’s biggest supporters over recent years, is now all out guns blazing against him. Pardon the pun on gun. : )
Dave Lenigas has now pissed off virtually every online journalist and blogger. Which transkates that they’ve caught him out lying once too often.
Bad enough having TW on your case but know he’s got BadManDan after him. Can only see Loonygas stocks going one way and it ends in a toilet.
Duck and Dive
And higher at the close (+6.8%). Give them another kick, Tom – for WR’s sake.