Member Info for jollygoodya

Indeed great work by the team. In time, highly likely to hit 300p and more imo (all things beings equal)

$$$kerching $409!!!
Doubling up shift work
2nd HWM enroute
Wash plant fully opeeational
On course to deliver full commitment

Last but not least more Kerching:

The Company anticipates that, during April 2022, underground mining will commence at the Bens Creek mine. This is expected to allow access to a higher quality of metallurgical coal, classified as Hi Vol A.

Addition of Hi Vol A will command even better pricing!!!

No holding Ben CASH COW!!

Agree Tony, a nice summary toward the end. 30p target is not unreasonable buy could very conceivably beaten as you say albeit depending on:-
1/ additional value being unlocked by capital prog
2/ direction of gas and oil prices
3/ Company decision on hedging (very important)
4/ serenity progress (albeit market seems to have adversely valued our deal) So only positive progress will drive it on this aspect.
5/ I think at some point a new acquisition albeit will be tough to get good value deals given commodity pricing.

I think astute use of funds to take advantage of prices is now essential. So a rapid expansion of the capital prog might be in order. Make hay whilst the sun shines and lock in better hedging on more production will be critical later imo.

expecting a blockbuster rns, perhaps next week. Best time to add imo is pre-rns in any co but moresoever here, given what we're all expecting. MMs will not be able to control this when news lands.

Stas, no issues from me. I've recommended your last post. Thats why I like forums. Differing views are welcome.

Stas, lack of TR1 means ditto. The sheer number of shares in issue means that thresholds do not have to be breached. I didnt say that a stake was built but reasoning it may have been being built and terminated on the Eog deal.
Nor did I say some pi's but that not many Pi's. Clearly its someone with a decent stake who did not feel necessary to retain levels. There is a persistent 1m seller the trades are evidence of that. Forget % they mask a multitude of trades.
Somehow I dont think its pi's. Any how decline thus have in a matter of days is not marginal. So I stand by what I have said.

"I think you will find of course they can, you do realise do you not that this stock has not really had a decline at all, if you are trying to use the very top at 24 ish pence, a top that was only there momentarily to support your thinking as to where we are now"

Exactly cooncided with serenity deal announcement despite riproar of oil prices. Momentary hardly its been since the deal was announced. Contrary to what you think most Pis wont have the fire power to persistently sell 1m blocks.

Size of the sells would indicate to me the following possibilites or a combo:
1/ someone was building a stake prior to offtake, maybe a data room party.
When the deal was announced with eog, this party decided to sell off?
2/ someone played the crisis and the oil rises and sold off.
Unlikely pi's sells can have this much of sp decline.
3/ Just plain old market perception of the Serenity deal.
Cant be believe this much was built into the sp for serenity.
Which surely means that the canadian assets are now undervalued.
Somethings amiss here?

Reaction to serenity deal. Reverse is true of eog. Clearly market unhappy from I3E perspective.

All in good time Captain. I suspect main reason being we need a production update for the market to assess impact on bottom line and value of Co. We already have an idea but the proof is in the numbers. Lets be having the update..

Cant argue with a 37% resource increase. POG been doing nicely. If AISC can be reduced or maintained. POG increases should go straight to the bottom line. An opportunity to get in sub 10p in what looks like a mid tier potential is too good to pass up imo.

Oil price not having much of an impact here. Most (not all) producers up. Saw Bojo in meetings with Trudeau, maybe canadian gas deal?

The preparation and wash plant will now undergo in-depth testing and sample processing, which is envisaged to last approximately two weeks, to ensure it is able to work at maximum efficiency and maximise the recovery of metallurgical coal.

Update on the above due anytime amongst others.
Think will see major update on multiple fronts. Holding on tight.

Ok chaps, hands up. Maybe I overreacted or was disappointed with the FO party (still am a little) but I can see it's a good deal to mitigate the downside whilst retaining significant upside. Good to know they have a good 'technical team' and in addition validates our asessment of Serenity together with what the 'other' parties in the data room think. However more excited by what Canada will bring. Upped it to a strong buy again imo. Think the winds are strongly in our favour too.

Agree Nomadic. Lets see what how BoD react to global changes. A proactive approach will pay divis, in more ways than one :())))

$140 inbound even if Iranian supply is agreed, wont be enough. A good time for I3E to review additional hedging measures? Lets double on the rate of our capital prog to unlock max profits..

SP sent into a tail spin doing this deal. Downgrading this to a hold. Canada news updates would have sent this far higher prior to this Serentiy fo with whom???? Now all we can expect is to recover lost ground. That deal with whom? Casts doubts on value of Serenity. Thats the bigger damage here. Majid needs to explain this.

G_G_G, suspect price action is due to:
1/ Size of partner and confidence therein
2/ approval to a newly designated licence block/split

Once we have 2 above assignment should not be an issue
UK NSIA approval should be easier under current climate.
Dont think bondholders will object (we should have spoken to them already)

Most of the above would have been a relative doddle with a bigger partner. Sometimes paying or giving more is better. Remember, we're canada focused now. Would have preferred our focus be there, which a bigger partner would perhaps allow. So still not happy.
Clearly market not happy..

Thanks G_G_G, agree with most of what you have said. Still drilling is not straightforward and in particular the Northsea. For me it's all about contingencies here atm. We have confidence in what we have, but I'm not confident about our partner. Hence I would like a joint proactive..

Hoping we do a joint proactive interview to explain further, selection, expertise and what contingencies have been built into this deal. Why EOG? May not look bad a deal on paper, I would prefer they flesh out the reasoning here. Er dont want EOG needing to raise again. Maybe they should have raised more now? Am concerned in this regard.