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No reason given for his resignation.
Thoughts?
Impossible to know what's happening, pricing all over the place.
Serious questions on this poster's actions and credibility.
I will never trust anything he posts ever again.
Either he is a gullible idiot, or he pushed the boundaries of what is legal.
I'll let others decide.
What a disappointing turn of events.
The failure to announce a work programme on Niger immediately after the RTO deal signoff was the warning for me.
Something is not right here. Time will reveal.
Agadem is a toxic poster. He promises all sorts of positive developments that never happen. I remember he suggested the RTO price would be multiples of the eventual 35p. Always saying he has special personal knowledge. Best filtered.
No something is wrong here. Where is the promised dividend, where is the Niger development plan, if there really is 75 million in cash in the coffers why not repay the loan?
Why has the sp fallen by half with this wonderful deal?
The vultures are starting to circle.
No sales figures.
Similar jam tomorrow hype from previous incarnation.
Suppressed biomass prices.
Delays.
This looks to be an excellent opportunity, we just need to temper our expectations of an immediate rise.
The true value will drive the price up eventually.
I bought today again at 64772, and 44190.
If I3e comes through next week I will put some further funds here unless it spikes(LOL).
Keep the faith.
£7500.
Jumped in with both feet.
Only a modest punt mind, but it has momentum and a really baggy feel to trading.
Roll on 7am.
I purchased 230k shares to in 2 trades.
Average price just under 23p.
Never thought I'd get the opportunity at this price following RTO completion.
I would have happily paid 33p.
I cannot explain the dark forces suppressing the share price.
But I'm very grateful.
Thank you Dark Forces.
I can explain
The drop in the share price on deal completion was a surprise.
However I watched Mr Knott's interview with Malcy and 3 things are clear to me which help explain why the market is underwhelmed.
Niger developments will be next Spring. Given SAVP's history of delays, who is brave enough to even guess?
A partner farm- in is also next year at best. I had hoped a deal had been done already, but his comments suggest not yet.
Nigeria sounds exciting, but "stabilizing " the business sounds like spending cash to me, and deals take time as anyone invested here knows only too well.
So on careful reflection, I see now why the rocket fizzled on the launchpad.
Hopefully still show good growth in the medium term, but unfortunately the relief bounce I had hoped for will not happen.
Sorry to dampen spirits further.
250k...
I bought 250 approx at 23.19p the 2×100k at 24p.
All 4 trades are shown as sells.
I suspect many of today's trades are actually buys.
Exciting times.
Your list of positive company achievements caught my eye.
I'm a bit puzzled by what organic nitrogen is?
I thought they had spent 150k taking out a lease on a bankrupt greenhouse and a few out buildings?
As for the "up to 30%" growth increase, was this an independent study? Has it been replicated?
Thanks
I thought Mr Knox sounded very upbeat and suggested to me news within the next 2-3 weeks
I've never met the man but he sounded casual, even a tad too relaxed.
I bought more today.
I have spoken with IR, who advised me that they are trying not to but dates into RNS releases given their history of missing them.
From Tsmith elsewhere
Read this slowly
The analysis and interpretation of this new seismic data and its integration with the 13/23c-9 VSP and existing Liberator mapping will be completed ahead of further drilling at the Liberator field to ensure that the next well drilled on Liberator is at an optimal location. i3's preliminary integration and findings explain the unexpected 13/23c-9 well result and continue to support Management's view of Liberator's potential resources. Though this well was a disappointment, it has provided critical data for improving our mapping and positioning of the next Liberator appraisal well.
In order to allow time for i3's technical team to analyse the results from 13/23c-9, update our Liberator modelling, potentially re-permit an alternative surface location for Liberator's next appraisal well, and to minimise standby costs for the Borgland Dolphin (as the Company is on a continuous 94-day contract), i3 is preparing the rig to drill Serenity's SA-01 as the second well in the current drilling programme. Mobilisation operations will commence as soon as the consent to locate permit is obtained from the regulatory authorities and, once drilling begins, the well is anticipated to take approximately four weeks.
The poor result from the 13/23c-9 well, which was deemed to be relatively low-risk, exemplifies an inherent risk in the oil and gas business - the drill bit remains the only way to definitively resolve geological uncertainty. And though the Management feels very keenly the perceived setback of the 13/23c-9 well result, we remain confident in the resource potential of both the Liberator discovery and Serenity prospect.
Surprised so little progress on RTO.
Time to bank my profits.
A lower reentry point if market sells off.
This is great news.
It has happen much quicker than I hoped.
Given all the pessimism this past 2 weeks.
I'm hoping the news is well received.
Backwoodsman
LOL
You are funny now.
Desperate to put a negative spin on everything.
I understand a Hurricane is coming.
Perhaps you should warn us all about it too.
As comprehensive a summation of BackWoodsman's intentions and actions as I could have wanted.
A wise man would scuttle out of town with his tail between his legs.
I suspect he isn't very wise.
Time will tell.
Are the interim due to be published tomorrow?
Will it contain an update on the current state of progress?
Thank you.