Member Info for KeithR39

Thanks Doubler. Just went up to $1.20 cad, or 68.5p, wirh 3x normal volume. Mabe some read your post and are seeing more than technical glitches in the results...

To me two london boards are the best, this one and ADVFN. On the canadian side stockhouse is usally good, but not on SDX, you better look at Investors Village. This news is another major one, we are at $1.33 cad now = 76p, it will just keep going up with crude oil trend on our side, many test results ahead, revenues and reserves jumping during the coming year, potential buyers, etc, etc..jmho on a sunny day...

Iran deal is likely to derail, brent and wti up almost 2% and sdx jump +7% on tsx @ 1.20 cad

Can't understand someone selling today...

OPEC said a little while ago that they aim at $80 oil, and now they mention $100 possible...sector rotation is a big big wave of cash coming for a small and fast growing company like SDX...our key drillings happen right on time...very good board here, thanks everybody...

Oupps! This one differentiate between mining and O&G https://www.tsx.com/resource/en/421 It seems accessible, except for the Public distribution criterias. I've seen not long ago new listing from TSXV not meeting those requirements...

And it would bring major institutional investors who are not authorised to buy on the TSX Venture Exchange, and some are probably already looking at the growing story just waiting that listing to jump in... http://venturelawcorp.com/listing-requirements-tsx-mining/

This thing could be bigger than we think imo.

From Public_Heel on IV board: https://www.investorvillage.com/smbd.asp?mb=16015&mn=872&pt=msg&mid=18189035

"encountered 100.8 feet of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5%. The well came in on prognosis but with a reservoir section that was of better quality and thicker than pre-drill expectations." Didn't we say the maket eyes were turned on Yunus?... Seems like some eyes are still asleep... This find is of importance imo...

"it's been an honor flying with you." https://www.youtube.com/watch?v=YMj6us9BHNk

I did londoner7. Sincerely, thank you for you very supportive posts all along that bumpy road... Good luck to all

As per my math, delek has up to mid july to exercise the forced sell at $1.95 to the remaining shareholders and close the file: from Delek's circular, page 59, section 13: "If within 120 days after the date of the Offer, the Offer is accepted by holders who in the aggregate hold not less than 90% of the issued and outstanding Common Shares (...) the Offeror may, at its option, acquire those Common Shares which remain outstanding held by those persons who did not accept the Offer on the same terms as the Common Shares acquired under the Offer pursuant to the provisions of Part 16 of the ABCA (a “Compulsory Acquisition”). " A copy of the circular is available on SEDAR website: http://www.sedar.com/FindCompanyDocuments.do All in my personal opinion

Conditions for a delisting not likely to be met imo. It's easier for delek to apply their right to a forced sell at $1.95 once they get 90% shares in hands. Here are the conditions for a delisting: "The rules and regulations of the TSX and AIM establish certain criteria which, if not met, could lead to the cessation of trading and delisting of the Common Shares from the TSX and/or AIM. According to the TSX Company Manual, the Common Shares may be involuntarily delisted if (i) the market value of the freely-tradable, publicly held Common Shares is less than $2,000,000 over any period of 30 consecutive trading days, (ii) the number of freelytradable, publicly held Common Shares is less than 500,000; or (iii) the number of public security holders, each holding a board lot or more, is less than 150 in each case exclusive of holdings of officers and directors of Ithaca and persons who own or control, directly or indirectly, 10% or more of the Common Shares(...)Furthermore, Ithaca may apply to have the Common Shares voluntarily delisted from the TSX, in which case section 720 of the TSX Company Manual may, subject to TSX discretion, require minority shareholder approval..." from delek's circular, which you can find on SEDAR website: http://www.sedar.com/FindCompanyDocuments.do

as already highlighted, there could be a 6 to 8 weeks delay to get the money. And delek are not owner until they paid, so, delek are not yet passed the 90% level that makes them eligible to trigger the forced sell at current mandatory bid offer price of $1.95... They can eventually proceed with another offer down the road at a lower price. But they take the risk again that not everyone will tender their shares, that crude oil price can resume climbing and that they will have to show Stella production in news releases under the exchanges mandatory rules. Instead of closing it now at current mandatory bid offer of $1.95...They have up to mid july according to my personal math. I'm not sure the actual average trader on IAE took the time to read the bidder's circular... All just my personal opinion, always do your own dd...

From Delek's bider circular, page 59, section 13: "If within 120 days after the date of the Offer, the Offer is accepted by holders who in the aggregate hold not less than 90% of the issued and outstanding Common Shares (...) the Offeror may, at its option, acquire those Common Shares which remain outstanding held by those persons who did not accept the Offer on the same terms as the Common Shares acquired under the Offer pursuant to the provisions of Part 16 of the ABCA (a “Compulsory Acquisition”). " A copy of the circular is available on SEDAR website: http://www.sedar.com/FindCompanyDocuments.do

mbrown55, they can't tender your shares without your agreement. Your broker service is way wrong. The stock is still trading, the bid is $1.94 on the canadian side. We will know the results on may 4th. At this date, if they reach 90%, they will be able to trigger a forced sell. Everything is documented with references on my previous posts. Just from my own research...

hi, here is my personal view: 1- my understanding is that when you give the order to your your broker to deposit, they accumulate te name and deposit at the end of the extended period. The shares are not deposited before the end, so you can tell them you changed your mind, imo. 2- the line you highlight may apply once the offer is closed, imo. A little lower you can see: "Shares validly deposited in acceptance of the Offer may be properly withdrawn by or on behalf of the depositing Shareholder: (a) at any time before the Common Shares have been taken up by the Offeror under the Offer; (b) if the Common Shares have not been paid for by the Offeror within three business days (as defined under applicable Canadian securities Laws) after having been taken up; " they will pay after the extended period is closed, in my opinion...

they can trigger a forced sell, at the same terms as the offer. See delek's circular, page 59, section 13: http://www.ithacaenergy.com/sites/default/files/uploads/takeover_offer/20170314-delek-takeover-bid-circular.pdf

Not too late to withdraw your deposited shares. See delek's circular, page 34, section 7: http://www.ithacaenergy.com/sites/default/files/uploads/takeover_offer/20170314-delek-takeover-bid-circular.pdf