Member Info for Mattybuoy

Plus, if all the 17.5m warrants were to be exercised at $5 that would provide another $87.5m, which ought to be enough for at least another 2 drills.

Eye-wateringly expensive stuff, but the prize might be worth it.

GLND has a few advantages over 80M

1. On the US market, so can be hyped by US influencers, newsletters and possibly even Trump

2. Very low share count

3. Low free float

There are enough warrants exercisable at $5 to fund a couple more drills, so I wouldn't expect any dilution in the short term.

I hold both. GLND does not have Disko :-)

Lots of lovely visible sulphides. No assays yet but looks pretty good.

https://aberdeenminerals.com/news/news-releases/drilling-success-at-arthrath-nickel-copper-project-11-2024/

As I said, not comparable. My point was to not just look at London for comparisons (should perhaps have said this). Everything on the LSE is currently being valued at diddly squat, regardless of quality. PXC should be much higher too.

They are not really comparable but how about the two copper explorers below?

https://finance.yahoo.com/quote/FIL.TO

https://finance.yahoo.com/quote/NGEX.TO

Yes those market caps are real.

Divide by 2 or 3 perhaps? There are no hard and fast rules, except that oily production is generally worth more than gassy.

This is a great deal, but you can't apply royalty valuations to normal production.

Several companies have shut in production.

https://www.reuters.com/business/energy/alberta-wildfire-impact-canadian-energy-companies-2023-05-08/

I don't know what a NR 301 form is, but tax is based on where a company is domiciled not where it's assets are.

Oil & Gas as an Energy Source will last much longer than 10 to 15 years.

I would recommend reading CNQ's latest Investor Day presentation. Lots of good stuff in there, but what grabbed me was the statement that they could go from 1.3 mbpd to 3 mbpd without breaking a sweat, if the "market access" was there. That tells you they are planning to be around for a very long time.

Also note that CNQ has a very similiar numbers of shares O/S to I3E. So all the company has to do is crank up production to 1.3 mbpd and hey presto we too could have a $75 stock price ;-)

https://www.cnrl.com/upload/multi_media_element/208/3642d1fd384e/cnq-2022-institutional-investor-open-house.pdf

I meant the current production was small not the land position.

As the company does not always give location codes for all their wells it's impossible to see exactly who is operating what, but where they did give some codes (a couple of quarters ago?) I looked up the Clearwater ones and they are operated by Rubellite.

https://petrojinja.com is the well database I used.

I don't think I3E's Clearwater position is quite ready to be acquired yet. It's too small and all non-operated (AFAIK).

Perhaps a spin-out of the Clearwater stuff (like Perpetual did with Rubellite) might be a plan? The new company would have to be listed on the TSX obviously.

https://www.perpetualenergyinc.com/en/newsreleases/2021_July16_Plan_of_Arrangement_Rubellite.pdf

boltok is merely a shorting assist bot. Just filter it and life becomes much easier.

Demand destruction doesn't really apply when you have a biblical shortage of something which is totally essential to sustain life.

Of course the algos and bots will do what they will do, but the demand destruction meme is basically bull**** at this point.

Two very clued up American investors discuss DEC in detail.

https://youtu.be/-NfRXZ-OZ3o

Multiply by 45.8 divided by 20.7

No share buyback has been announced yet.

I didn't realise. I3E and Rubellite are partners in several Clearwater wells (Rubellite is the operator). That is awesome for street cred.

https://twitter.com/rockcreekfreak/status/1501316006559375368

Thanks for that Bunkatron. Those wells look pretty good.

I don't suppose you have link to either the Twitter feed or original source data?

I see Rubellite was mentioned earlier. The reason it is so highly valued is because it is a pure Clearwater play. Also perhaps because it is part of the same stable as market darling Tourmaline, which has gone from 0 to 500,000 boed in 13 years.

I3E cannot realistically hope to acquire that kind of sheen, but if they keep delivering Q on Q then the re-rate to a more normal valuation will also continue.