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I am holding thumbs as I am a big holder but averaged in the 30p region so big paperless at the moment
Well said !
I’m a large holder as well . I’m very confident something positive will come out of Serenity. Let’s see
Harel - i want to say thank you for all your informative posts , i really appreciate them and i know others do as well.
Stay safe
James
Thanks but no need to apologies, good to read different views.
The debt and the asset are two sides of the same coin, its all comes down to f.o or not, if they f.o serenity will be appraised and developed quickly in order to make the most of the short term agreement with the bleo holm.
Took a huge risk on A2, wouldnt do it again!
Learned a lot out of this mistake but paid much more, hopefully f.o soon and we are back in business.
Good luck
Hi Harel,
I’ve loaded up and regretted it more times than I can remember. From one gambler to another I hope they pull off a minor miracle for you.
The problem here’s not the asset which obviously has potential, it’s the debt.
After reading my post again I think I was insensitive. Apologies to you and Tom too.
Good luck
*Do own=do not own
Jack, obv loading i3e shares at close to 30p was my worst move ever, i would knock on their door but i live in israel.
For your Q, serenity drills will cost 30m$, if they f.o 50% their net cost is 15m$, dolphin will cover another 6.5m$ so 10m$ will be more then enough to prove serenity and move forward with another rbl.
Dont get me wrong, the fact they managed to fack up everything doesnt mean they do own on of the best break even assets in the north sea, if theyll pull it off to and develope serenity its gonna be a cash cow.
Harel,
How the hell did you end up getting over 3% of this joke?
I originally took a look when my broker placed and bought discount to placing.
Again no offence but you either
1. burn bin ladens for fun or
2. Biggest mug punter on aim I’ve seen
3. Posting on behalf of bod
If I owned 3% of this and they ignored me I’d be at their front door.
I like a gamble but wtf, no logic in you claiming over 3% and allow them to ignore you
Tony, well done for at least trying to eek out an answer however here's the thing that really gets my goat with some of these listed companies (as a private investor, albeit not necessarily in here) in that they are allowed a ridiculous 6 or 9 and in some cases 12 months to release their annual accounts.
BIG companies with tens of thousands the amount of all sorts of things and arms going on at a global level that small listed companies don't have yet they have to pull everything together and declare within 3 months tops.
OK some will say big companies have a huge team to do the admin work in comparison, however that argument is not relevant as even the smallest company (even sole traders or individuals) will know whats what with the books at any given time.
I used to work for the second largest global company in its sector and the books had to be completed and submitted and all rolled up into the global level within 2 days of each end of month with quarterly reports getting 3 days to complete and full year getting 5 days so there is no logic why companies should be allowed 6, 9, 12 months to lodge their reports.
as a potential investor you would want to know what you are investing in, in near real time, not investing in something you have to wait for 6 or 7 months or longer to find out what its balance sheet looks like.
to me the reporting timescales are a joke but that's the AIM for you, its all smoke and mirrors and in essence its flip of a coin stuff.
250k at 5.295p I mean.
Big sell order in ? Can buy via rsp 250,000 at 0.5295p
How is the Dolphin deal faring? As I understood they need to have things in place before June 1st?
Well done Tony.
I missunderstood your post on the first read, thought graham was talking about f.o negotiations that are ongoing.
Sounds like it's not a matter of if but of how much...
Here was his response:
“On the Long-stop, we’d subsequently put out an RNS on May 1st stating that negotiations are ongoing. This remains the case and we expect to update the market in due course.
i3’s next set of accounts are its 2019 Annuals which would be released mid-year.
Kind regards,
Graham”
For those that say I3E never respond to Small shareholders. This is a copy of an email I sent to Graham a few days ago:
”1) Are you able to comment at all on the Back Stop negotiations - the update is nearly 3 weeks overdue with respect to the 24th April RNS. The RNS started with "I3E is please to announce" so we were expecting a positive update.
2) When are the next set of Company results due - the last set I have seen is the 6 months to the end of 30 June 2019, next period must be due?“
kind regards