Member Info for HotChip

'stena don'

I can't understand why some keep calling it 'stella don' - where has 'stella' come from, other than Belgian beer :)

G_G_G - I can see debt in the £22 million of the loan notes due for repayment in May 2023?

DYOR

Thanks for sharing the link, yes it works fine :)

DYOR

The only concern I have is the repayment of £22 million in LNs debt (current value of £25.5 million) due in May 2023 and which is a liability. I assume this will be repaid from cash generated from operating activities, without impacting future dividends to shareholders. At least I hope so.

One positive I do like is "At present, the Company carries no reserves for Serenity and as such does not consider any estimated production or cash flow in its go-forward forecasts, thereby presenting pure potential upside value to i3's current share price." - so, if output is at the low end of expectations, then this should not impact the SP as it is now. And anything higher than this, should generate upside in the SP.

DYOR

SP had already baked in this update prior to today, so not really a surprise hence why little movement.

DYOR

Take a listen to The Sunday Roast interview with Pieter Krugel & Louis Coetzee which has just come out.

Interesting to see where this is going to go in the near future in terms of potential placing and what this may mean to existing shareholders.

DYOR

A slowburner. One for the bottom drawer for a few years imo....

DYOR

Yes, I agree. It does look like they are strengthening themselves for something, whatever that may be. I think it may be something more on the canadian side.

DYOR

I believe Orphan is in relation to orphan drugs rather than specifically vaccines.

DYOR

Leave boltok alone Tony, you are coming across as someone with a superiority complex and with put-downs to anyone that disagrees with you. Yes, you may have done lots of research and you may know your stuff, but come on - give us amateurs some slack and stop disregarding others with different or more challenging views on i3E than yours. Your view is not always the right one, be more open to others views rather than just put-downs.

I thank you :)

DYOR

It's not called 'Stella' don.

DYOR

JoeSoap - I'm not sure it was delayed to Friday as such? I cannot see anything to suggest this, unless I have missed something.

DYOR

No, I don't think its obvious to some Tony - hence the comments on this board questioning why the SP is not higher and why I added my comments.

Thanks for your comments anyway.

DYOR

I believe the following two points from last week's update have had an impact on the SP:

- delays to drilling caused by expected seasonal wet weather conditions and maintenance shutdowns at third party facilities
- full-year 2022 net operating income ("NOI" = revenue minus royalties, opex, transportation and processing) is now forecast to be approximately USD 200(1) million (based on current strip), versus previous guidance of USD 241 million, predominantly due to volatile near-term commodity pricing

Any sign of concern for PIs in updates/results, however small, will have a direct impact on the SP imo as investors look for any opportunity to not feel as confident as perhaps they were and potentially sell stock as a result. Given economic conditions, I believe PIs will remain jittery and will look at any opportunity to take cash off the table and small caps do tend to take the hit in these difficult conditions.

DYOR

Encouraging comments. It will be very interesting to see the updates in September and the impact this has on WHIs view, going forward. They have already indicated there is near-term scope to revise the 60.6p upwards, so lets see what the reporting brings alongside Serenity progress. Certainly a lot of positives today and going forward that will keep me invested in this stock and adding on the dips.

DYOR

But aren't derampers just those with an opposing view to yours. So you must be a ramper?

DYOR

At least this will stop the endless speculation about why the quarterly results are 'late'.

DYOR

It hasn't been in the 30s 'earlier' - if you mean today?

DYOR

It's an appraisal not an exploration - so there is already oil down there, its just about finding out how much and if it is a large scale as it is hoped - so it cannot 'fail' as you put it.

DYOR

It's just a price target - we all have one of those as PIs, so I wouldn't put too much thought into either to be fair.

DYOR