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Fortunately i've got the goons you are arguing with on filter. They will always have a lower buy price and a higher sell price than anyone else, its the gift of the internet, the ability for Walter Mitty to exist anywhere and everywhere.
Q2 results wont be for a few weeks, there are a bit inconsistent, but would expect to see around 10th Aug.
There has been a number of Canadian assets that will have had drills and re-works, sadly it looks as though these will only ever be updated with quarterly results.
Good find Tony.
The long term investor in me, would like to think Repsol want to see what we have, at that point we are almost duty bound to be in partnership, which is why Majid very clearly stated that we may look to others to join us in the Serenity well.
Of course that is conjecture and far from guaranteed but certainly looks like the avenue laid out in the eyes of I3E's management
RNS 11th May, confirmed Dividend would be paid 10th June.
My broker so far has been spot on, i have seen comments from others saying they received theirs a day or two after published date.
Nice to have official confirmation of drilling through.
Cant help that fell that things here will be quiet until mid Aug, thats when we should hear regarding Q2, which ought with oil and gas at their current prices be beyond even the highly positive forecasts, that will then lead upto the serenity drill and all the fun of speculation and whisper that normally follows these sorts of events.
Seems an odd move 48 hours after a top up?
I3E's assets are in Canada, not alot any political party can do about that.
If Serenity is as good as we hope then maybe it might be a consideration for us in 12-18 months time.
Jezzoo, a little patience is required that's all, certainly grumbling about it several times a week isn't going to help or assist in anyway.
Bybrook announced what was in essence a swap only 20 days ago, they maybe selling a few more, but its worth reminding yourself that just a week before Christmas these shares could be purchased at 10p, its been a fantastic and justifiable rise. We now have a large holder cashing in, not because they dont see growth, but because they are taking some profit, its not uncommon, i took some off the table at 20p, whilst that looks silly now, i'd bought a large tranche at around 6.6p, so it made sense to cash in and continue with a free ride so to speak.
This will rise, once Q2 & Q3 are known and we see the affect high oil prices and record gas prices have on our bottom line and once the anticipation of Serenity grows. Then we will see the next leg up.
A large institutional holder has swapped/got rid of some shares - be that nearly 6% of the company, they may wish to offload a few more - who knows.
For a share price that's considerably more than doubled in the last 9/12 months, you have to expect a period of stagnation, the fact it seems to have a solid foundation at 26-28p is great news for when further details reach us. Ignore the daily ripples and look again in 2/4/6 months, if in Nov/Dec when details of how much we made in Q2 and Q3 are known, serenity will have advanced and we are still at 28p, then i might have some issues, until then i out it down to profit taking from institutions who have made exceptionally good money backing I3E - the weeks/months of large after hours trades should tell you what you need to know.
AJEP - sorry mate you aren't looking after 6 year olds.
People who invest are grown adults (or at least should be) anyone basing a decision on anything that's written here, shouldn't be involved in investing.
A would also say my biggest successes have been when i've held my nerve in something i believed in. Someone recently mentioned I3E, i have a big stake there, is went to 4p, the world seemed against it, i topped up numerous times, loads of people on the forum where suggesting the end of the road is nigh, its now a highly lucrative company which is trading at around 28p.
Trust your own thoughts and research, you'll back losers along the way, but coming on here for advice is the worst thing you can do.
Hats off Tony, thank you for your calculations.
90 days time will take us very close to the serenity drill, so one would expect a bit of volatility at that time anyway.
GGG i wish you well, but cant envisage how you'll get the 750K shares back here at the same or better price than you sold.
We are close to Q1 results, which at 20000 BPD and commodity prices can only be a catalyst for a higher share price, add to that additional wells to come on stream shortly, i just dont see a downturn in the price any day soon, the build up to serenity may see volatility, but not on the scale you require i fear. Especially if it does come to fruition that our search for an additional farm in partner, leads us to join up with one of the established Tain operators.
Throw in the potential for an additional dividend or buyback, i dont see where a 15-20% drop is coming from.
Of course, nothing in life is ever that straight forward, but the percentage call right now, looks to me 40p+ is a hell of alot more likely than 25p.
Sorry, my poor memory - results likely to be around 23rd May (could be sooner), had it pencilled in as the second week of May, but last years Q3 and Q4 results came around 7 weeks after the quarter had finished.
Probably no more than 10 sessions until we get Q1 details, that will tell us far more about what we hope is a positive price impact.
So expect a few quiet ones, before the lead up until they are released.
No one eye, they dont like the placing and they dont like what the share price is going to look like for the next few months.
What an investor will do, is try and see where the value lies, will this company be >20p a share in 6, 12, 18, 24 ,months time, sadly in O&G everything takes longer than those who live in the modern world would like.
If you asked me to bet will COPL trade at above or below 20p, by the end of this month or the end of May - i dont know.
If you ask me will it be above or below 20p in Oct - i suspect it will be a far easier question to answer, i'm not looking for the bottom and i wont get out at the top, but can i make good money in a 6/12/18/24 month period.
Can i take you back 25 years, if you invested in a company and there was little or no internet, what was your source of knowledge, your research, chain of communication etc.
Its only the "new age" that means everything has to be instant and news must be forthcoming 24 hours a day, 7 days a week.
If you dont believe AM, if you dont trust him, if you think something dodgy is going on - sell, get out and escape.
if however, you think there is something worth alot of money down in Cole Creek etc, buy, put in the bottom drawer and look back in a few months time, because as sure as eggs are eggs, reading this forum 24 hours a day, is no way to make an investment decision.
Why would anyone be infatuated with the price today? The money raised is will not and cannot make an immediate impact, for all the no one likes the continued silence and having unanswered questions, i think even AM's most hardened critic must see the money raised is to improve the infrastructure, drill more wells, increase bopd, so yes (yet again) there is more pain for any share-holder, but the decisions taken over the last 6-12 months are to turn the company into a serious money making business, i'm a big shareholder in I3E and their board was like this 18-24 months ago, its taken that long to get things right, the same will be true here, if you are worried what todays price is, you are not an investor, you are a trader and therefore happy with violent swings of mood. Todays price shouldn't be a concern, the actions of the company over the next 6-12 months are the concern, get those right and the share price will increase to much higher levels