Member Info for Iluvise68

Not sure that Slater has reduced?

They usually file a notification.

Is there a link to their report?

It appears to be paywalled.

Excellent analysis - it’s simply a case of exercising some patience here. If they capitalise their assets by farm or sale the shares will boom

I guess if there was going to be a material delay we would have had the RNS by now.

Meyer - the so-called "expert" who was ramping Rambler before it went bust.

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.

I think that’s incorrect imo Slater would issue a TR1 if he was selling down and he bought into the share issue just a few weeks ago.

I haven't followed what happened with the proceeds of the previous capital reduction - does anyone have any insight?

Nothing goes up or down in a straight line - happy to reinvest divi at bargain basement prices.

There is a lot of good news in the latest update.

You also have to factor in the Aytm are a high cost producer and in theory JlP will be more profitable.

But no information about the details of the finance deal or profit split should should be in the RNS

Can anyone access the full note? its paywalled

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.

I figure there is no pleasing some people...

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.

Everyone forgets the BOD run a company, not a share price.