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You're jumping to huge conclusions here. They've said before that multiple parties are interested. This isn't a payday loan they're agreeing here - it will be a complex contract with multiple parties involved. Perhaps the board are just taking their time to ensure they get the very best deal possible? It in no way whatsoever insinuates there's a problem with the deal and that JV party is going to pull the deal.
We know about the missed 'targets' (note - not deadlines) and the recent podcast has addressed those 'delays'. If you don't believe them perhaps your money would be better invested with a board who you did believe and who constantly beat their 'targets'.
Whilst we're all sat like kids on christmas eve as long as the board get a good deal that pushes us on to the next phase I'm personally not bothered that this is taking a bit longer than people want or expect.
I'd much prefer dull than have a UKOG style board on our hands. I'd guess many here have been in for a while and know what the situation is. Patience will pay off.
Just a correction though - i3e isn't an exploration company. There's nothing to explore. We know what the asset is. Once funding is complete this is set to soar but I agree it'll take some time for word of mouth to spread. That's what I like about the board and the fact that we don't have a Lenigas style character ramping for us.
I just listened to the interview with Graham Heath. Toward the end he suggested that for the institutional investors the RNS de-risks the company but suggested that once the deal was finalised he thought more investors would come in. So really, the next RNS confirming the deal and the partner could be the best one for us.
I liked his comment about the aggressive timeline for getting the deal done in advance of the 90 days.
Massively under the radar here. The time will come folks. I mean look at UKOG and 88e Mcaps compared to what i3e has (millions of barrels of the black stuff in the ground) and where we are in the lead in to production. Yes we need funding but I’m hopeful (and reasonably confident) that’s a mere formality. Just remember the other black stuff commercial (Guinness) - “good things come to those who wait”.
If the next acreage comes in it takes the total to around 32m barrels and they won't stop there. The presentation refers to a target of 80m and more. Obviously highly speculative but there's a target being aimed for. The podcast was very positive. It's exciting times for sure. Certainly wouldn't want to be out of this over the weekend.
Lol - we don't have time for such bearish words here my friend. If this was crypto the board would be awash with memes and backslapping and quotes of 'to the moon'. I actually think it's quite reserved here compared to some others. Onwards and upwards!!
I3E appears to be gaining traction. Obvs DYOR and all that
Oh I know - i was being a little facetious. Nobody is lily white in the industry unfortunately and whilst the board must be held accountable people in the industry and big clients need to take a long hard look at themselves. The issue with low margins and poor cash flow ultimately stems from clients not wanting to pay their way. I've seen it time and time again.
So you're saying that government officials are on the take and incompetent in their procurement practices and are equally to blame?