The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
In the mean time GGG is still selling his last 2 million shares down .
How many do you have now as I have notice some of the sells have match some of the buys in your other with in minutes of been traded.
Of course this won’t help and keep the share price down but once you are out the price may climb.I expect a bid to come in next year while you have sold up.
Enjoy the 3 months of 10% dividend in three weeks time .
Before you say you haven’t sold any more shares you only informed us the last 2.5 million you had sold after you had done so.
Good luck on the others watching .
Think this may be on the back burner after the ousting of Two directors from our partner and the expectations/hope of ousting the other one leaving them to appoint two previous directors who own % holding. The directors over there are putting up loads of barriers
Several scenario to your question.
Asset sale
Acquisitions
Special dividend
Takeover
Share buyback
Likelyhood taken out due to the below
"Our asset base continues to perform well, having averaged 20,640 barrels of oil equivalent per day in the first half, 9% higher than the same period last year and exiting the half-year at greater than 22,000 equivalent barrels per day, and with 2P reserves of 182 million barrels of oil equivalent value at US$1.161 billion provides a solid platform for growth."
or they could sell the lot for 250 million and walk away.
or split the company and sell the canadian business.
strange how the directors haven’t brought any more shares considering we were told the company was undervalued at 14p.
makes me wonder if their working on a deal with another company and can’t buy.
ggg
i agree on most of what you post but you do seem to be stuck on repeating yourself and flogging your new investment.
i’ve done it my self but i would feel i taken the **** if i repeat my self regularly.
good luck on your other investment.
on my radar if this share gets taken over.
Hi 3 little birds
I have in my past life signed several MOU with companies.
In this period of exchanging information the directors can not buy shares until the company has agreed to either take the company over or signed a contract which is then announced publicly.
With the continue takeover in Clearwater I suspect the directors our covering their backs.
For what it worth if the directors are saying the company is so undervalued then the options should had been at a far higher price.Most PI seeing that RNS would be F off as it felt they are lining their pockets while the PI is suffering in collapse of the share price.
Let’s hope the bid is 20p plus .
If the CEO continues his poor performance then we can go down the route of ousting him.
I did this once before holding over 3% of the company and having 22% of the shareholders behind it only for him to announce two weeks later the company was to be split and used as a shell for a company to float on the stock market.
That’s Aim for you.
Nope it was another buy worked this afternoon after 15:00
Onwards and upwards
When
you need a crystal ball.
Curious why the directors aren’t buying when they said we were undervalued at 14p here we are at 10.24 and still no sign .
If a directors start buying then I will put the rest of my money in.
May be they can’t .
Dividend yield 10% at these silly price.
I3 Energy plc
("i3", "i3 Energy", or the "Company")
Q3 2023 Operational and Financial Update
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces the following Q3 2023 operational and financial update.
Q3 Highlights:
-- Av erage Q3 2023 production of approximately 21,156 barrels of oil equivalent per day ("boepd"), representing a 14% increase over the prior quarter and a 3% increase from Q3 2022.
-- Net operating income for the quarter reflecting restored production and strengthening commodity prices was USD 25.97 million (as compared to USD 17.66 million in Q2), representing a 47% increase quarter-over-quarter.
-- i3 remained focused on repayment of its new credit facility, with the original drawn amount of CAD 75 million reduced to CAD 66.67 million (USD 49.39 million) and net debt as at 30 September 2023 of approximately USD 27.56 million, down from USD 38.98 million as at 30 June 2023.
-- As part of i3's commitment to its total shareholder return model, dividends of GBP3.08 million (USD 3.91 million) were declared in Q3 and paid in October 2023.
-- Post quarter-end the board of directors approved a USD 6 million capital program, for the balance of 2023, centred on the Company's Glauconite and Leduc oil fairways in Central Alberta.