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I don't think we can give louis the credit for oil dropping from $90+ a barrel to $75. I don't remember him saying to sell beacuse the oil price will crash. Regardless, I3e is becoming a very frustrating share and i believe the best thing would be for Majid to move on/forget the North sea and hand it over to the Canadians. The sentiment here is in the toilet and we heading for 10p.
"The contract has been awarded under a four-year programme, which commences immediately, and the Group expects to receive $874k during the first year base period." £874k only first year and how much of that is actually profit?
oil closes the year above 100$ and i3e back at 20-22p fill you boots chaps the buying opportunity here is insane. people are acting here like i3e won't make **** tons from these high oil prices. of course the share price will eventually react
"mike33" Doesn't actually own any KMK shares chaps. I think that's pretty obvious at this point. I offered to donate money charity if he and "strategicinvestor" prove they actually owns shares which was ignored then back to the copy/paste ramps
Tony, Don't mean to be a pain but any chance of an updated spreadsheet? Your last one was much appeciated. Also, i not sure what the negative posters are on about. The share price has crashed beacuse price of oil has crashed from highs and we have a big seller. They selling beacuse they up loads on their invetsment and want out. We also have JP Moragn loading up and a very confident John Festival who is much more knowledgable regarding our assets then the forum trolls on here. Bottom line is if you think oil is going up over coming years this is good investment as any.
Posted this on 11th May. This share is dodgy... very very dodgy... and honestly needs investigating...
"It’s so obvious what’s going on here it’s laughable. They have engineered a rise in the share price to sucker people into the placing and the rampers (strategic investor and his merry men) are out in full force. Once they get the placing through , the share price will collapse below 5p. EXACT same thing happened with covid detector placing."