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Just bought a 100ml bottle of Perfume for £110. Free Delivery of course. Kind of put things in prospective. Brent is $50 a barrel.

Exactly O and Wiser. There is Break Even and then there is “Break Even”. More Shape Shifting from this BOD. $9 is based on what exactly ? .. Even the BOD must admit a Figure so low would raise eyebrows !!

GGG. Didn’t Graham and Neil put £7m in each at the beginning ?

Technically they haven’t been Cash Positive. As they have Maxed out their Borrowing limits. Checkout Borrowing 2019 End v Current Max out - No headroom left.

Hi all. I’ve just done some Calculations and not withstanding the Redress Bill (£15-£17m) pending / The Cash held will drastically reduce during Peak Lending Season. Most Branches will be lending out more than what they are gaining in Returns and then you have to factor in Cost of Salary etc. Also I think the £8m bi Annual Interest Payment is weighted to End of year and with no more headroom to borrow / we are going to see that £70m turn into £20-£30m by end of JAN. Just my Opinion.

GGG it’s on a ProActive Video with Graham before the Toscana deal went through and around the time Gain Transaction was concluding. Graham alluded to the fact that Canadian Oil was sold at discount to WTI. He stated that there were 3 Canadian Pipeline Projects being looked at and “If only 1 of them went through / would be a Game changer for i3”.
This would allow Canadian Oil to sell further afield. Everything that goes to America / is on a Discount 3% ? to WTI - Otherwise they would pump their own.

GGG we sell Oil at 3% below WTI.

Welcome back Harel. What do you make of all this ? Undervalued - Even without Serenity ? Dividend intension Q1. Low Cost for Development ?

Older and Wiser. Thanks for that. Yes 700xxx Shares etc. But I am not understanding how these are split between the 2 Exchanges ? Is the Market Cap of £35m Quoted from a combination of the 2 Exchanges ? U.K. and Canada. What I am asking is if UK had 350xx and Canada had 350xxx and U.K. Is the MCap Valuation of the Shares in each Exchange Multiplied by the Market Price in each Exchange ? Thus £17.5m and £17.5m ??
Also Factor in the fact that the 2 Exchanges are not currently in sync with each other. Canada Price is Higher than U.K. ??

JAdam. Is Market Cap £35m ? I’m just wondering how many Shares on FTSE AIM and how many Shares on Canada Exchange ? Does anyone know ?

For those who don’t know. PFG is basically a subsidiary of Barclays. Believe me. They have long been connected.

Zak Mir load of tosh.

(BTW - The 35000 Sell at 09:08:31 was mine. And it was a Buy).

Spot on GGG.

Cheers Gary’s and Oiler. I don’t know much about Drilling. I wondered if they do a type of sonic ping / to map out the Rock Structure on every drill ? I dunno ?

I wouldn’t put it beyond the realms of Possibility that Alchemy could act on behalf of someone else to take Over the Group. But that would mean a Revolution in the industry that would make it modern and slick whereby your Credit Score would actually mean “Something”. At the moment you are either Top 10% Score or you fall off a Cliff. That would require serious Investment. At the minute it Ticks along.
I don’t see Alchemy taking over themselves. Too Large to take on ? They sold EDL before. EDL has more than Doubled in size Nevertheless. EDL is a Unique modal which is geared towards what I Report above.
The Q remains - Why take 29.95% so Quickly ? It leaves them Nowhere to go. Did they Calculate it was that cheap at the time ?
Here we are 3p.

I wouldn’t trust Hardman with anything. They are paid to promote the Cream. A Fantasy Outcome. Never a realistic and achievable outcome. The Group cannot Stop throwing money away. Why don’t Hardman produce data on their own success Rate ? Hmmm...

Is it possible to Map a Reservoir to a degree with 1 Drill (SERENITY) ? - Obviously it isn’t as i3 need Appraisal Drills to prove it up - But what % Accuracy could be possible re Estimate Volume of Oil on 1 Drill / If it turned out they Nailed the Drill ? Which I think they did.

If you Invested at £1 then I think that is a Big Learn for you. PI have to be careful re IPO’s. The Money men put the cash in. Whilst we jump on their backs / They reduce their Share on the Market but retain Control over the Direction. They then buy in at lower Levels and up she comes. However I do not think anyone could have Forseen sub 20p / Let alone sub 5p. SP Engineered to stay low and the “Going Concern” compounded by the Redress continues to keep the lid on.
Seen the same thing on Metro Bank.

Serenity must be Big / Otherwise they would not have raised the Capital from their Backers to make the 2 deals Stick. Once we are out of Europe it could be Full Steam ahead for the Project. Fingers crossed it will catch up with Reality.