I3 Energy Share Discussion Threads

[duckdown] 05/3/2018 16:37

Much better this afternoon and another 400k placing shares gone.

Things are looking up.

[2prsimo] 05/3/2018 16:33

chart looks better now

[showme01] 05/3/2018 16:27

Scotty, you could well be right. It's moving a bit now on low volume. This drop has been great for cooling the 14 day RSI down. Plenty of growth ahead now before it becomes overbought.

[scotty666] 05/3/2018 16:24

showme - 5,000 shares is pretty much the most you can get without paying a premium. I think that is why you see a couple of blocks.

[jungmana] 05/3/2018 16:21

I think CF could be done selling at least for now. Their last declaration was some 10 trading days back and look at volume traded since.

[showme01] 05/3/2018 16:21

Funny that....SCAP go on the bid side and the 5,000 share buyer is back.

[showme01] 05/3/2018 16:17

Interesting that SCAP have been on the offer for a good few days. They have just moved over to the bid side. Run out of shares? CF now offloaded? We will see but the movement of the MMs can give a good idea into supply and demand.

[duckdown] 05/3/2018 16:01

Fair bit of volume this afternoon....

[showme01] 05/3/2018 15:47

If you researched you would know that the costs to drill the first Liberator well are far in excess in what the company could raise via a placing with the newly granted authorities. A large funding facility is exactly what i3e need to realise this and possibly another asset. Let's see what happens to the share price once funding is announced.

[ziblot] 05/3/2018 15:41

showme, I always research. I also believe there are risks in any development and not as easy as whats being made out by some. As I say, the shares are worth the risk so I hold.

[showme01] 05/3/2018 15:29

A $200m funding package won't do a small oil and gas company with a market cap £20m any good. Are you having a laugh? They can only issue 10m more shares assuming the loan note holders convert. I think you need to do a bit of research here :-)

[cashandcard] 05/3/2018 15:27

ziblot,


That maybe the case, but they have already raised monies for the purpose of seeing them through to a deal. There is no way they will raise the funds for development (even for Liberator) via placings - it is too much and will have to come from a lender or industry.

However, I would not rule out a small placing alongside a wider financing deal.



Cash

[ziblot] 05/3/2018 15:23

I don't think funding news will do the average investor any good imho. As long as the share price has strength I don't see how the company will not take advantage and issue further shares, which will aid liquidity. Normally, this wouldn't include the PI taken part as its cost prohibited. The big holders are selling down because they probably want to take their profit off the table rather than cough up more money in a cash call. Unfortunately a spike normally involves some profit taking but further out, the picture hasn't changed. I hold.

[showme01] 05/3/2018 14:39

A couple of chunky sells have gone through at a bit of a premium. Maybe City Financial have stopped feeding the market makers and they need a bit of stock?

[showme01] 05/3/2018 14:31

buffy. haha. Thanks and edited.

Duckdown......me! lol

[duckdown] 05/3/2018 14:26

I'd expect an RNS soon saying City Financial are below the notifiable threshold.

I wonder who has bought them all, given that they've sold about a 10% stake in the company over the past few weeks.

Doubt it's all private investors picking them up?

[buffythebuffoon] 05/3/2018 14:25

RNS was 31st Jan showme. Unless you are psychic that is...

Buffy

[showme01] 05/3/2018 14:19

RNS dated 31st Jan

Pursuant to these discussions, the Company has received indicative commercial interest from a counterparty to provide 100% of the funding for a multi-well development on Liberator and the Company's 30th Round application block, amounting to estimated total capital commitments of approximately US$200 million.

JV discussions have reached a mature stage and, should these commercial arrangements conclude in an expected six to eight weeks timeframe, the Company would maintain a working interest of no less than 67% in its Liberator and 30th Round application blocks, after a multiple of the capital commitments have been refunded to the parties from post-production cash flow.

The Joint Venture discussions also contemplate capital being provided to i3 by an industrial party to enable the Liberator development to proceed utilising that party's funding alongside other credit facilities, even in circumstances where the Company is unsuccessful with its 30th Round application.

6 weeks from the 31st is 14th March. It could come a week early ( this week ).

I missed this previously, the capital is being supplied by an INDUSTRIAL PARTNER (see above). Always thought it would be Repsol, now I'm even more confident.

I too have been adding today. Couldn't get a quote for the lot so bought a £5k (reported) and £7.7k unreported.

[cashandcard] 05/3/2018 14:08

Jungmana,


Intend to do the same when funds become available. The company, with P2 reserves, can only move forward with development funding - that is the crux of the story, and we are led to believe (per RNS updates) is very close. It should be come clear sooner rather than later.



Cash

[jungmana] 05/3/2018 13:14

Added some today having sold elsewhere. I think funding news will be here any day this month.

[showme01] 03/3/2018 09:19

A little patience will pay huge rewards IMO. Funding news this month and likely 30th round bid news next month. If both events are successful, this could be over £3 a share with current shares in issue. Amazing upside short term.

[scotty666] 02/3/2018 19:13

Thanks for clarification Zengas.

Story still unchanged, just a little patience required.

[craffert] 02/3/2018 10:23

Thanks caters. It would have been nice if they explained that in today's RNS given the way the price could be interpreted in the market

[caters] 02/3/2018 10:00

craffert, I thought this too but I3E were tied into to treating JCAM consistently with the earlier loan note in order to get JCAM to let the next round of funding happen.

The RNS of 6th Feb needs a bit of dissecting but it's there.

good luck.

[zengas] 02/3/2018 09:59

For the egm in the voting document, the enlarged issued ordinary share capital was given as 39,353446 comprising the existing shares, the conversion shares and the directors options. The directors have 3.582m included in that figure. 500k have an exc price of 11p, the remaining 3.082m have an exc price of 55p but need much more than that for a decent profit. That makes up the above figure and includes this mornings issue to the loan note holder.

They have authority post egm to issue another 12,986,637m shares at some point for whatever purposes.

The remaining $2m in loan notes can be paid in cash by the company or if the loan note holder chooses can take them in shares - the price being determined on the average over 5 days once the company gives notice. The redemption date is 18/8/2018 just over 5 months away so if they are taken in shares the company would be issuing them from the above 12.986m. $2m at 50p would be about 2.8m shares.