I3 Energy Share Discussion Threads

[someuwin] 21/5/2018 13:44

Looking strong today.

[euclid5] 21/5/2018 12:42

Hope there isn't a delay in developing the 1st well on L1, was it expected in the 1st half 2018, there may be a slight set back for this possibly 3Q18 / 1Q19 -

AIm delays are not welcomed as we all know

[showme01] 21/5/2018 12:09

Can sell 60,000 shares in one transaction on line. We have a buyer with market makers willing to buy so many in one go. I'm not surprised at this level.

[showme01] 21/5/2018 09:34

soon

ADVERB
in or after a short time.

That's good enough for me.

Divmad. I can't comment as I know nothing about PMG, sorry

[divmad] 21/5/2018 09:20

showme01,

How do you compare i3e here at this stage and valuation, with pmg?

[ducati2345] 21/5/2018 08:03

Soon,thats a really useful word to use.

[showme01] 21/5/2018 07:14

It's coming soon ! I can wait :-)

[fardels bear] 21/5/2018 07:07

No news, then..

[showme01] 21/5/2018 06:09

hxxps://www.energyvoice.com/oilandgas/50395/liberator-north-sea-find-worth-1billion-dana/
Worth 1 billion when oil was $100, what is it worth at $80? market has not valued the asset properly. i3e market cap at £27m.

[cashandcard] 20/5/2018 13:00

Showme1,Great post. I agree, risk Vs reward here looks tantalising. The management are experienced operators. Asset is quality.Cash

[corgies2] 19/5/2018 08:52

Great post show . OGA first then share price 3/4 x on funding GLA

[showme01] 19/5/2018 08:17

Cheers Begorrah. It's not down to blind faith I'm pleased to say. I have the opinion to follow my money and meet the people behind the company and build some form of dialog. That started with Cam Pearce who was behind the investment vehicle Glenwick, I then had a few hours with Geologist Dr Jaap Poll when he was in London (who took all of his fees in i3e shares via Glenwick). Jaap identified i3e and more importantly the Liberator oil field as having great investment potential. I have since attended presentations by both Neill Carson and Graham Heath and spoke to both afterwards.
My line of work is Corporate Finance so I understand that the key is getting deals over the line but with various parties involved, delays are likely.
I have maintained dialog with both Jaap and Graham and that is where my confidence in this company comes. Graham is limited to what he can say but he is a very capable person IMO, has plenty of experience in raising funds and has an excellent CEO in Neill. Jaap now is just an investor like us all here. I also have several friends invested here, some with oil and gas experience, others just recognising the huge upside with very limited downside, especially at current oil prices. Between us, we hold approx 4% of i3e.
Over 10 years investing in AIM, some good and some not so, I have never seen a company that has many, many multiples potential with so limited downside risk.
This is completely off the radar otherwise the market cap would already be a lot higher imo. Once news starts to unfold, the directors will be doing PR, presentations, interviews etc and this will be very much on the radar. They have come in for stick with funding delays and limited PR but delays happen ( this could suit i3e with a rising oil price) and there is so little they can promote until the 30th round and funding is announced. Then they can shout about it from the rooftops!
The problem then is with tight liquidity with new investors buying in. These outstanding loan notes that will no doubt be converted, will provide the liquidity needed for good volumes and it gives LTH an opportunity to take some off the table as the market cap increases too. I'm holding at least 75% medium term but will take by stake out around £2-£2.50
Have a great weekend all, hopefully this time next week Rodney :-)

[begorrah88] 19/5/2018 05:41

Your constant positivity and belief is a credit to you and will hopefully be handsomely rewarded.

[showme01] 18/5/2018 22:06

These early stage investors usually flip their positions for profit margin. They tend not to be investors, rather than take advantage of a new company with a great business plan that need capital. I understand why they have done what they have after meeting both and asking many questions, which has resulted in me buying more and more over the last few months.
The directors have been quiet for one reason, they have nothing to discuss until the 30th round is known and they can complete on the most suitable funding versus the assets they have to develop. There has been a void on news but I think you will find quite a lot will happen over the next few weeks. Well done for holding here, I still think we are sat on many multiples short term. The oil price has also been very kind to this investment. Time will soon tell.

[5chipper] 18/5/2018 20:26

Perhaps they sold enough to get their initial investment back at a price over double the 30p paid

[begorrah88] 18/5/2018 19:57

'Focussing' damn predictive text!

[begorrah88] 18/5/2018 19:53

The Miton & Nicolas Mathys holdings were based on a % of the post fund raising dilution of 34m shares not pre, so the only subsequent dilution has been just under 2.5mSame as CF who I expected to sell out as that us their business model - early investment then get out with a profit - which is why I'm disappointed with Miton & Mathys reducing/leaving without any TR1's. I prefer to think they are focus sing on a quick profit and foregoing any expected future gains rather than having any concerns about the sudden silence of a previously chipper BOD

[5chipper] 18/5/2018 18:02

The dilutions have taken shares in issue from 24m to 36m so an extra 50% of shares.

This would reduce holdings by a third which ties in perfectly with G & Neill dropping from 25% - 17%.

The £2.57m fund raise was done at c30p when the mcap was only c£7m so was actually quite dilutive - though at the time seemed not quite so

[5chipper] 18/5/2018 17:59

Graham and Neill were at 25% and their shareholdings have dropped to 17% (one third drop) since dilution started.

So Miton who were at 5.84% when last notified should still be above 3% - if you deduct one third.

That would suggest they have sold some but there has been no notification suggesting.

Their holding rns had their 5.84% split between two funds (with one having 2.99%), so perhaps this fund has sold and since their original stake was below 3% no rns was necessary?

[begorrah88] 18/5/2018 17:47

No, the total dilution was 6.6% of the current capital [2442802 shares] so Miton & Mathys would still show as in excess of 4.2%+ each but didn't appear at all on the list over 3.3% and we definitely have a seller in excess of JCM - CF have also gone missing from the holdings but no notification and they were quite good at that

[5chipper] 18/5/2018 17:15

Miton or Mathys have not necessarily sold any.

The share issues to CF and Jcam have massively diluted the shares so their holdings would have dropped from 5% to about 3% without selling any

[caters] 18/5/2018 16:35

They've (CEO & CFO) have hardly covered themselves in glory these past couple of months, for sure, but I'm willing to see what they can do with any awards from the 30th Round and subsequent funding.

[nametrade] 18/5/2018 11:54

Bit surprised this hasn’t moved more today as it definitely gives traders time to position themselves prior to news... either way.

[showme01] 18/5/2018 11:00

Could be anytime today also