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Kingivor
You right fomo friday in anticipation for monday results hopefully..
I
Lombards are one of the loan note holders
This is a head scratcher - looking at the Re-admission document - Lombards warrants are exercisable at 40.7p to 55.5p. The only warrants that have been exercised is the Loan Note Warrants at 0.01p.
Just re reading the rns and noticed they have marked it down as placing
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
x
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii: Placing
x
From memory I think this is one of the guys from lomard who helped arrange the placing and must have exercised his warrants taking him up another percentage
Interestingly, a few minutes ago Lombardia ditched a load of shares in Futura medical, (one of my other holdings).
When I saw the holdings RNS I anticipated it was more selling. Good to see them topping up
Think it was someone associated with them a director if my memory is correct
Disclosure on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group.
Looks like lombard took most of the warrants.
Fomo tomorrow
From the November mirabaud report
700.1m ordinary shares outstanding. 141.03m options and warrants outstanding with exercise prices 0.01p-11p/shr.
GGG,
Refer to the latest re-admission document - about page 650 to 650. Warrants about 63m outstanding and options similar 60 -70m .
GGG. I was of the understanding that the Full Realised Ordinary Share denomination was Circa 840m / from 700m Current / All be it 6m recently added.
FF, where does 140m shares to be issued come from? We only have half of that in warrants and potential options on the books.
Over on the canadian forums they very bullish on i3e prospect they see it multibagging if oil stays above $60. The asset has 2p reserves of 58mmboe and gives no reserves to noel acreage or clearwater.
In particular to clearwater, many major surround i3e clearwater block so that is reassuring. Hopefully sometime this year they will drill over their.
I3e can quickly increase production from their reserves using little of their fcf.
Kane
"Although our balance sheet re-structuring has taken longer than anticipated, we are delighted that we are close to entering the final stages of the process to allow the declaration and payment of our maiden dividend and commence delivery on our promise to distribute at least 20% of our free cash flow annually to our shareholders as dividends, subject to necessary consents. ..."
Balance sheet restructing is taking long, once the circular is released the divi will be issued shortly after. If it goes to q2 then we may get one divi payment for h1.
What’s the odds of More Shares being knocked out just before the Divi announcement ? 140m to be Issued ??
Taken time?
They haven’t even started the process yet!
1. The Company can only pay a dividend out of distributable profits and the Company has retained losses. The Company is expecting to effect a reduction of share capital to create distributable reserves to offset the losses and create surplus profits. A reduction of share capital will require the approval of the shareholders and the UK Courts and it is estimated the process will take approximately two months.
So when they eventually send out a circular it will take approximately 2 months from then to pay the dividend hence why I think it’s not being paid until Q3 at the earliest!!!
Austin
"The Company can only pay a dividend out of distributable profits and i3 currently has retained losses. i3 is expecting to effect a reduction of share capital to create distributable reserves to offset the losses and create surplus profits. "
This is takin time, hopefully should in near term now.
Cut them some slack - for missing deadlines that they themselves set? I want it all to work out Maestro, but come on I3E management have been dreadful when it comes to timekeeping and investor relations and the Divi delay just shows that - that side of things haven't improved one iota.
I have seen very little from anyone questioning the quality assets, they will speak for themselves, AS LONG AS the board keep to guidance and timescales - which is why we are only at 9p
Mace
They have set aside £1.16m for q1 2021 divi, they said they almost in the final stages of issuing divi. So lets see.
No point cryin about the past, the company has improved and managed to buy assets in canada 2x less than they should have, so cut them some slack.
They merged 3 companies into one...
Interestin few days and weeks at i3e.
Majid said in December “ we hope to be in a position to announce a dividend in January and pay it shortly thereafter “ which surely means it relates to Oct-Dec 2020
Am I correct thinking the dividend being paid is Q1 21 and that will be the first? i.e. no monies from H2 20 will be put towards divi?
Does this mean by the time Q1 divi comes around, we may also be due Q2 shortly thereafter?
Mace something is cooking, q1 update is imminent and mkt will see revenues from these 3 companies joined together.
Trading over 10p in canada so sp need to get close to that first, not many trading days left in april.
I think we all know/hope that something is cooking but you never know for sure until it’s there in black and white. Which it isn’t yet and that makes investors nervous and gives them every right to complain when promised updates don’t come or are late.
Now there may be reasons why promised updates are late but those reasons should be foreseen and it’s amateurish if they aren’t and bullish promises are made
All aboard the divi train.
Stops 4 times a year for cash collection.
See ya
I think we will now start to follow suit.