Member Info for Jungmana

Imo 6p by this time next week and 10p before Xmas.
Too undervalued

They have not sold a single share. Still holding 105m shares but percentage dropped a little due to to total shares on market increasing from 696m to just over 700m today

Fair price today imo 15p to 20p. Todays update is brilliant and shows the undervaluation here.
First target 9p in the short term

Reduction of share capital meaning:
"Capital reduction is the process of decreasing a company'sshareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure."

that statement about reduction in share capital was mentioned in the admission document released in august. is not new

Lucky,make the most of this opportunity. Is the warrants being sold and should finish this week imo.
Toronto listing on Friday too.
Imo 10p by new year looks achievable.
Bring on the Serenity deal.
Todays update is excellent.

Majid Shafiq, CEO of i3 Energy plc, commented:

"We are delighted to announce the closing of the Toscana acquisition and with it the imminent listing of i3 on the TSX. This and the acquisition of the Gain assets in September completes the first phase of our Canadian business plan. We will now look to fully integrate and optimise our operations to maximise margins in a strengthening Canadian gas price environment with current AECO(2) strip pricing in excess of CAD$3.0/MMBtu(3) out to June 2021 (a price last seen in 2016), whilst continuing with our plan to build on the platform with synergistic and accretive M&A activity."

Majid Shafiq, CEO of i3 Energy plc, commented:

"We are delighted to announce the closing of the Toscana acquisition and with it the imminent listing of i3 on the TSX. This and the acquisition of the Gain assets in September completes the first phase of our Canadian business plan. We will now look to fully integrate and optimise our operations to maximise margins in a strengthening Canadian gas price environment with current AECO(2) strip pricing in excess of CAD$3.0/MMBtu(3) out to June 2021 (a price last seen in 2016), whilst continuing with our plan to build on the platform with synergistic and accretive M&A activity."

Jadam, serenity is a done deal from that update. Just going through the legal stuff .
Happy i3e holder here.

-- Toscana's tax losses of CAD$128mm (US$94mm) will support tax efficient income for several years from i3's production portfolio

-- Trading of i3 shares on the Toronto Stock Exchange ("TSX") expected to commence on 6(th) November with ticker ITE

"Dividend Timing

The Company envisages the declaration and payment of its first dividend in the first quarter of 2021. As previously disclosed the Company aims to pay out up to 30% of free cashflow as a dividend to shareholders. Based on the current share price, the Company expects the dividend yield to be in excess of 10% on an annual basis.

Serenity Appraisal Drilling Farm-out

The company is in discussions with a counterparty regarding a potential farm-in to the Serenity discovery. Terms are being negotiated and the market will be updated if and when an agreement is reached."

Institutions will take " free money" at the quickest opportunity. Most of them won't wait for higher prices. Yes imo some will hold onto their warrants but most will sell . Bank the cash.
Has created an opportunity to load up under the 5p price they paid in the GBP 30m placing.

If I recall right was about 55m warrants priced at 0.0001p.
The selling has been on for over 2 months and imo must be close to finish now.
A rise to 8p by Xmas will do for me.

I need this to nearly 4 bag from here to make my money back. Not thinking about profits yet. Too cheap today due to warrant selling which imo will finish soon

Yes all formalities done. Now let's list on Toronto exchange on Monday.
Onwards and upwards

No matter what one thinks of the management and history here , they have done a brilliant deal with these acquisitions. I3e must be one of the cheapest oil producers on the market today.
Imo 10p to 15p would be a fair value for the company.

https://www.share-talk.com/weekend-bulletin-board-heroes-sunday-25th-october-2020/

Actually is 2nd November. Thats on Monday. Onwards and upwards

Yes dual listing in Toronto on 3rd November. Fantastic news today

Toscana news due next week. No brainer under the placing price and imo warrant sellers done.
8p by 1st November.