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Well at this rate I might be able to reinvest a second divi at a super-cheap price.
Mmmmm.. I wonder if the price setters/institutions want to get a cheap one in before take off as well?? But I have no doubt, this will take off at some point soon. Experience tells me it’ll start its ascent out of the blue.

Nice finish across the pond.
Momentum building nicely ;-)

Some commentary from Zak on Vox Markets regarding the fundamentals and technicals. He see upwards momentum taking us back to 18p by the end of next month within a highly bullish widening triangle.
Hope you’re right Zak.

For Halifax holders.
My divi automatically reinvested by Halifax this morning on request.
17206 shares @ 10.65p
Well under the placing price and very happy :-)
Onwards & Upwards…..

You’ve almost got you 3.4p price Lloydiee69. You buying here or waiting for sub 2p?

Also with Halifax. Contacted them via chat bot to enquire and they said they had received the money, but not paid into accounts yet. Sometime this week they say. It is pathetic. I’ve sent in a complaint - suggest others do the same.

128p
Probably not, but stranger things.
I suppose the big unknown is if they can get the North Sea show on the road. Success there and in Canada would certain light a fire under the SP. Add a hostile takeover and we could move significantly towards £1+.
It would make me a millionaire! :-)

What was the spike about?
Greed, what else.

So annoyed. Halifax say it won’t be available till next week.
So slow. I must change my broker.

Seriously!
It’s not that much, but we get another (slightly less) next month and another, slightly more in April. I would guess that after April the dividend will continue to increase.

Anyone else think the price is being held down for the divi payment on Friday. I’ll be re-investing mine at about the placing price. Suits me.
RNS and movement on Monday would be my prognostication.

It’s a tree shake.
Time for the market makers to take shares away from poorer people (by scaring them out of their positions and hitting stops) and placing them with the wealthy. I mean 300k shares traded in Canada and 7% down???
Hold dem shares tight.

Oil price up = bigger dividend for me ;-)

I agree Daisy.
I think CV19 has impacted Alpha more than they’d like to admit, but they’re holding their own. Lack of Bermuda prospectus has spooked investors and won’t be resolved till Nov time. Meanwhile the rate of drift will see the SP fully retrace to the highly undervalued 2p zone. Next year will be a good one though imv.

Suggest you sell if you’re not happy Hasiba.

DOPW
“What’s the point of longterm investment if dilution keeps happening”
Oil production, like mining, is a ‘wasting’ industry. Without acquisitions, you mine and sell your product until there’s nothing left. At which point your company folds.
In sum, acquiring cost effective producing assets is a life-sustaining activity for oilers and miners.
i3e have said they are in an acquisition cycle currently and they have given a masterclass on how to acquire the sweetest properties at just the right time. Once this cycle has ended I would anticipate share buybacks to increase dividend payouts. I’m expecting a question about this on the Q&A sheet to be published by the. company tomorrow.

So I hope everyone took full advantage of the placing to load up at less than the placing price. My ISA allowance is now maxed out … and if the SP can just stay a little depressed until I reinvest my special divi I’ll be a very happy bunny.

DOPW
If you’ve read the articles you’ll realise the potential. I3E holds some of the sweetest oil producing acreage in Canada and a couple of significant blocks in the North Sea. The company is a lower-risk dividend paying oil play, with significant recovery growth ahead of it. How long to hold is an individual preference, but as an investor, I’m aiming for up-to 5 years then review. More likely the company will be taken over though.

Hi Lloydie
I’m also here from ALGW. I bought two 500k blocks in negotiated trades via Halifax at slightly over the offer no problem. I was in a rush. Suggest you try to get quoted so you know the price in advance, but £25k worth shouldn’t be a problem.
I’m still monitoring ALGW, but don’t think it’s going to move until Nov when they publish the Bermuda prospectus and admit all those placing shares. Famous last words!

As Justin says:
“It’s your time in the market, not your timing of the market that matters”.
So right.