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Competition and Mergers Commission will not allow. Same Reason why NSF backed off re PFG.

NSF is priced as such due to the Balance Sheet being under major pressure. The Company has Borrowed up to its Maximum Headroom Circa £330m. In 2023 £285m will need refinancing. It Costs them Circa £16m/Annum to Service this Debt at present. The Future Solvency of the Company is underpinned by the Demand from its Customer Base - Of which Industry Peers (Amigo and PFG) are going through a Transitional Period to say the least re their own Solvency (PFG - only HC side).
NSF Infrastructure is in place as I have alluded to previous. EDL is a super Brand. But the Company will be Valued Not based on Purchase Price of the Group / But on it’s ability to deliver a Robust Profit model year in year out / without the threat of Redress / or an inability to Service Debt. Throw in a Equity Share Issue (Needed but not guaranteed) via Alchemy to fix the Balance Sheet / and it’s difficult to see where the Value is ? Pre or Post Issue of Equity ? Alchemy will want Biggest Return for Lowest Price.

Who’s to say that Slater and Others are not Investing in a Canadian Fund to buy Shares in i3 and in effect Hedging on TSX ? Could they do this ? I suppose they could if they Invested in another Fund not belonging to them ? Far Fetched ??

At 9.9 % His intention can only be to ride it down to 9.01 at the very least. Any Significant rise and he will still Benefit - obvs (9% is a Big chunk in anyone’s Book).

Boooooommmmm Dr Jim.

Nobody knows the future Outcome Tony. That’s why we Call it a Prediction. If we did know the Outcome / surely we would Not be debating the matter on here !!!

I’ll take your “Double” Price prediction and take that as 20p at some Point this year. Hope you are right.. We shall see ..

Tony. You have No Idea on Oil ?? And you are Invested in an “Oil” Company ??? Ok. You stick to i3 SP guidance and I will stick to Oil Price. That’s a Deal.

Re OilPrice.com. Some good info on there but they never Commit to anything.

Re EV’s. They will come but only to the Middle Classes. Buy a VW ID4 if you have £37000. That’s not a bad Price tbf. Imagine what the Electricity demand would be if all Vehicles were EV tomorrow ? The Infrastructure needs to be built first. How many people Buy second hand Cars <£5000. That will take some time to filter through.

Exploration will Stop First and they dare not Stop Exploring yet as the Demand next 10 years will be too Great. Planes are not flying yet.

The Recovery. Project re Start.
Manchester Airport usually has 600 Flights outbound Easter BH Mon. Today some 59 ?? Brent is at $63.

The World Recovery is 100% dependant on Energy Security. Oil is key to Energy and even more so re the Energy Transition. This is Right at the time when Long Term Investment in Exploration will be Scaled back (Nobody signs off £££m’s if the Oil Market is Forecast to Taper) and further accentuated by the Cost of Credit diverted to these Projects ultimately will increase due to Market Risk Factor.
Oil Giants will switch first to Cleaner Energy and use the Profits from Oil to fund that switch (They need those Oil Profits).
If Oil Price rises (It will) then Cash for New Exploration (We still need it to Maintain) can be signed off / and then OPEC will pump more to Bring back down the Price per Barrel / Thus New Exploration will Stop. This is the Game.
Existing smaller producers therefore should Benefit IMO.
But as always ... We shall see. 2 years ..

Any Predictions on Oil Price from Tony the Great Wizard for April ? Q2 Q3 Q4 ?

Doubling down ? What are you talking about you madman ? I do Apologise Oil is 35 cent below my $64 low. However Tony / we are in April and only 5 days in... let’s see what the Mode Value is for April when all the Daily Spots have occurred.
$70 by October. Choppy Waters until then / but not as Choppy as $50 or $55 my son.

Tony. I am going Brent at $70 by October. Remember this.

Bloomberg.

Total global investment into oil and gas exploration and production fell by 34% last year to $261 billion, the lowest since 2004, according to a December report from the International Energy Forum and the Boston Consulting Group.

Annual spending at that level won’t satisfy the world’s energy needs in the coming years, the report said. Even if the recovery in oil demand from the pandemic is only slight, the world would require 27 million barrels a day of new oil and gas supply by 2022 to offset production declines at existing fields.

Annual investment needs to be 25% higher (Big ask in anyone’s Book) over the next three years to stave off a supply crisis, the report estimated. That’s much faster than the pace of recovery after the 2014 to 2016 slump.

Tony. Would your Post suggest we Sell Oil at a Bigger Discount to WTI that the BOD’s 6% Discount ; would have us believe ??

Humans thirst for Electricity is going to Explode. I don’t think Wind and Solar will keep pace. Solar is Not feasible in the Sahara as it increases Local Temp by 5 degrees and Vegetation process begins. Wind Turbines need 60 Gallon of Oil for the Gearbox changeable every 2yrs. Apparently 50 seater Hydrogen Passenger Planes are 10/15 years away. Yes that’s a Max of 50. This will not cut the mustard in a population of now 7.7B.

Natural Gas will be Big. No doubt about it. Coal will Exit the Mix to a trickle. Gas will fill the Gap and provide Low Carbon Footprint reliability.

I keep Posting re this matter. Geo Political effects on Europe Energy Security afoot re Russia and Ukraine War brewing. Come on i3 let’s get that North Sea Development Online.

From Oilprice.com. Worth a read.
A possible full-scale military operation will not only impact regional security but also put the European oil and gas sector under pressure, while maritime logistics could also be hampered. With Europe’s gas storage currently very low and dependency on Russian supplies still very high, a crisis here could have a major impact. Gas prices will soon be under pressure if the situation escalates. With storage sites at 37% capacity compared to 60% capacity at the same time last year or 74% at the start of this year, inventories are becoming critical. Analysts currently expect levels to fall as low as 16% of total capacity. To count on LNG supplies would be foolish if Asian demand continues to grow. The stranglehold that Russia has over European gas markets may soon become a major geopolitical market factor once again. If a Ukraine crisis erupts, potentially blocking or closing gas and oil pipelines in the region, a new energy crisis would follow closely behind.

Because a Cash injection is required to restore the Balance Sheet as Debt £285m / Due to be Paid or Refinanced AUG 2023. Rest assured anyone giving money to the BOD will want Biggest Share for Lowest Price and that could mean the Nominal 5p. So it is Trading 20% above the Nominal.

That’s Great News JAdam. Why didn’t Majid confirm this in RNS ??!! Still ... very Good all the same and well done. Jan was not Full Steam ahead re POO.

Jolly. It can only be Repsol Sinopec lol.