Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.proactiveinvestors.co.uk/companies/news/1045609/i3-energy-ceo-majid-shafiq-says-strategic-royalty-asset-sale-accelerates-value-1045609.html
This excellent interview explains the benefits and value of the deal.
Is IRH or a connected party were seeking to build a 30% position that would really drive the price up.
The other risk is a MBO if SP remains in the doldrums.
Slater would oppose that unless the price is right but he doesnt have enough % to sway the outcome of any vote.
we can only hope the BOD plays it stright by long term shareholders. At this stage anything over 30P is way above the current SP. Hopefully the newsflow over the next few months will change the sentiment.
Kind of time methinks to filter GGG. These boards are supposed to be a place for a reasonable xchange of information and opinions, not insults/bullying. Everyone has their own agendas and there is a place for strident views, but this has become beyond tiresome.
The SP went up owing to the Ukraine war and increase in oil and Gas prices and was also sustained by the anticipated North Sea news. It was the "duster" that undermined the SP (that was unfortunate but they did not invest a signficant amount in the drilling). Ther dividend underpinned the SP for a while but they had to reduce that owing to the reduction in the oil price.
Latest WH Ireland note says dividend is safe even under car crsh scenario and the co is mispriced:-
What-if analysis run at WTI $60/b and US natural gas at $2.50/mmbtu A summary of our hypothetical “Car Crash” commodity price scenario analysis is outlined in Table 1, which provides increased confidence, we believe, in i3 Energy’s capacity to fund its dividend under adverse conditions. Notably, the dividend yield is an attractive 10.3%. Effectively, our analysis reinforces our view that i3 Energy is mispriced. Details for our “Car Crash” commodity price scenario are provided in Tables 2, 3, 4 and 5. We reiterate our 20.9p fair value estimate, which is premised on a 5x EV/2024 CF multiple assuming a WTI oil price of $84/b and a benchmark US gas price of $3.26/mmbtu.
A lot of contributors to this board have short term horizons. The key here is that the amortisation schedule will repay the loan over its three-year term, (beginning with USD 15.97 million in amortisation (CAD 21.40 million), interest commitments and associated set-up costs to be paid throughout 2023). Assuming they go for orqanic growth & no further credit - there will be significantly increased free cash flow in 2025 and 2026 (or am I missing something?).
KR
Latest interview on proactive
https://www.proactiveinvestors.co.uk/companies/news/1031700/jubilee-metals-group-ceo-lays-out-key-targets-for-remainder-of-2023-1031700.html