Q / Is it inevitable we get Taken Over ?13 Jun 2021 19:06
With all the M&A activity forecast next 12/24 month ; is it the case that i3 are positioning themselves as a more and more attractive proposition re T/O Target / Given that we all perceive we are Undervalued ? Majid can then go back to Financing and Graham into Owning a string of Nightclubs ?
RE: Third and final farm-in for longboat10 Jun 2021 22:58
Good info Pauldrayton to which I Trust. Just shows you the Gap that is occurring with needing to bring New Oil online v Demand / In the Short to Mid Term at least. If all Exploration Stopped tomorrow / The World would be screwed.
Should the SP shoot 20% to break 11p then this is a clear sign that the Market Makers are on the edge. PI’s Sell a few. Market Makers move up the bottom line. RNS release occurs with Positive Update and so PI who sold can only enter in at a Higher Entry Point thereafter. All by design.
I don’t know what all the Fuss is about re the SP. It’s basically on a upward straight line trajectory on the charts. The BOD have grown the opportunity to get to 12-15000 boepd / whilst protecting reserves overall by deals done. They are yet to deliver on Actual New Well Results but Noel Well and others will soon demonstrate performance. Re Tain. I suspect the Tain Development (If it goes ahead at all ?) will have FID delayed by up to 12 month due to onset of Pandemic crashing oil development during that time. For then same reason it takes time and you’d say more likely that a Project of its Nature Does at some point go ahead when Economic Activity rises the Final 20%. The Market Makers are fully patched in to the Timeline of Tain and will not make any mistake there. The Company’s SP will be dictated by their ability to generate Cash at the Bank. Simple as that. Hello to $72 a barrel.
Correct Moses. They know the Timelines. They are in a period of Growing their Book. Outside money is marked and they pool that against Demand of new outside money. Then the Spike / That’s when you know. A Spike is nothing more than a clear sign that Outside demand is eating into their pool. Simple maths. You’ll never see it coming.
I am saying that the Company will always need future Leverage to raise New Funds to stay in the game should Opportunity arise. Drilling Oil is not cheap. If Majid bought a load of Shares / then I am saying that Share Buy Backs would then be a possibility. If Majid does not Buy in / then they will always keep Leverage in the drawer / and not the bottom drawer either.