I3 Energy Share Discussion Threads

[coscos] 10/7/2018 11:24

Wakey wakey.

[ducati2345] 10/7/2018 10:59

Being offered over 115 to sell on hl now,

[showme01] 10/7/2018 10:49

That Is still over 10% of shares in issue. Shows how few are in free float. Can't blame for holding. It's probably their free carry

[begorrah88] 10/7/2018 10:30

Looks like JCM now hold 1755278

Nicolas Mathys 1605935

&

City Financial still holding 1215915

Main holders update from I3 website as of 06/07/18

[showme01] 10/7/2018 06:19

It could be an ii with a buy order. The broker will bit by bit chip away to accumulate them. If someone wants a 3 or 5% position, they might as well start now. On funding news, I wouldn't be surprised to see 5% sell by cashing in or more likely imo top slicing but after that exchange of shares, I think these will be very hard to buy in any quantity.

[caters] 09/7/2018 19:09

Yeah ... I guess you're right but some buys are coming in steadily. Perhaps there's just a willing PI :-)

[caters] 09/7/2018 18:45

There were 4 x 10,000 buys today. Is that a PI or an II starting up?

(Hat tip to Blearyman on L*S*E who seems to have a nose for what's going on.)

[ducati2345] 09/7/2018 17:53

Quite a few little buys surprised it didn't go bit higher

[fardels bear] 09/7/2018 16:37

By the volume it looks like both the buying and the selling has dried up.

[coscos] 09/7/2018 12:27

The selling is slowly but surely drying up. Should see a move up soon.

[ducati2345] 09/7/2018 12:17

Yep, can't believe people are selling,

[duckdown] 09/7/2018 11:47

Calm before the storm!

Ludicrously undervalued at the moment.

[ducati2345] 09/7/2018 09:59

Not sure I can stand excitement of today's banter and trading so far.

[begorrah88] 08/7/2018 08:08

Good point, well made Mr T.

I shall dial down the negativity from now on ;-)

[mr. t] 07/7/2018 21:16

Only treble begorrah - are you deramping? ?

[begorrah88] 07/7/2018 20:36

Is hoping for the share price to treble next week topped off by England winning the World Cup at the weekend and making it one of the most memorable weeks of all time too much to ask?Got to have a dream ;-)

[caters] 06/7/2018 16:28

Great to see this steady buying.

[euclid5] 06/7/2018 15:11

anyone interested, James Caird Investments Ltd increased their holding in Senx

[showme01] 06/7/2018 11:15

I think too many are hung up on the fact this drifted down to the early 20p area. The IPO was at 55p and was expected to go up, not down. No funding packaged caused concern plus disgruntled Glenwick shareholders were selling including the previous CEO of Glenwick. It was truly off the radar and that share price was no reflection on the assets. Funding will get us nearer to true value imo.

[showme01] 06/7/2018 11:06

Simple calculation on 20,000 bopd which will easily be produced on a multi drill campaign. Let's use a $70 a barrel price. Cost of extraction is $25 per barrel. Net income pre tax $45 per barrel. We get 67% so that is $30. Tax @40% so net of tax to i3e is $18 per barrel. $360,000 per day. Let's use £250,000 per day net. In 1 year that is £90,000,000 less finance costs. Prove up the 30th round block to 2p reserves and we are sat on a fortune. Even the 11m 2p are worth $200m to i3e after tax less finance costs. i3e are expecting 80m plus 2p. $1,440,000 to i3e less finance costs. Market cap at £2.50 is only £100m

[coscos] 06/7/2018 11:02

Great management, great asset, great potential to add more reserves, all we need is a great funding package to get the drill bit moving and the rest will follow. Think we'll see 250p (£100m market cap) pretty quickly after news, but I'm not really bothered as not selling this year whatever.

[caters] 06/7/2018 11:00

I guess the biggest takeaway from the AGM for me was Neill's confidence that oil extended into Liberator West, ie, that the 47mmbbls of prospective resources would duly become contingent resources and then reserves. Clearly, being confident is different from proof but once proof is here, the share price will be multiples of 115p.

[begorrah88] 06/7/2018 10:59

I'm in line with showme's expectations.

We have virtually no institutional holders with positions of any size at all. Many are restricted by minimum company size/value as to what they can and can't hold and many are waiting for confirmation of funding before getting involved. Regardless of how convincing GH & NC have been on their tour of the City, I3E is just another AIM stock with dreams until the deal is done.

I loosely refer back to MKA when their funding deal was announced and the share price rose 2.5x on that day. I'm expecting that sort of range.

A lot of PI's will be top slicing and even some cashing out having done very well but many, many more will be holding for the bigger prize of a sale which may be a year or two down the road.