Member Info for miker444

now lying down in a darkened room. atb

Also like you I am really intrigued with the conversion rate of how many Gwik shares for i3, as in your earlier post about hoping it is 100/1 ish. It really does get the mind going because whilst we simply don't know it does make for 'fag packet calcs'. What do I mean. Well I am expecting i3 share price to list after IPO at $1 (100 cents) each. If Gwik / we get 2% ownership of i3 then it is straightforward 50:1 or 1% is 100:1. So 1% will be 1 cent / 0.8p and 2% will be 2 cents / 1.6p. Surely this is too much. I was expecting 0.2p at best on listing then doubling up as we go forward to hopefully 1p by drill / production. But this suggests otherwise. It would have to be 500:1 to come in at 0.2 ish. I suppose it could be but it keeps contradicting if we 'own' a certain %!!!! So unless I have completely lost the plot ( and yes that is quite possible ) I cannot think how else it can be if we own the above equivalent % of i3. Happy for someone to put me out of my misery and blow this out the water as it adds up from ownership figures but not on assumed past expectations. Pimms anyone?

No problem mate, i3 will issue the shares to Glenwick via the 'Convertible Loan Note' and Amanda will then issue them to shareholders and that is when the brokers do their bit.

Hi archie, don't panic mate I contacted my broker nominee account HSDL (Halifax) and until Glenwick inform them they will not be able to 'see' it as it doesn't exist yet. It will and your brokers will be informed and do the necessary, you will probably get an e-mail statin g check your corporate account / notice of administration etc in your share dealing page. atb

Hi Boom, end of June mate ( imho of course!) atb

Hi mate, I am not invested in PRS so I cannot comment and accept your post regarding PRS shareholders. I have done some 'research' regarding Amanda, enough to know she raised $500m ( half a billion ) in fund raising on behalf of prospective clients enabling them to progress in growing their company etc. Her own portfolio of companies as an investment fund manager last year was up 253% in 1 year outperforming the stock market, in fact she blew it away. She is experienced in mining and was looking to gold as a direct investment on behalf of Glenwick as long as nearly 2 years ago, Jaap Poll changed the direction to i3, was not to everyone's liking (AVD's) and that is why she continued, in my view, on her own personal crusade to get the Cora Gold deal done come what may.It turned out a win/win for Gwik holders. I have not had any personal experience or contact with Amanda directly, just like what I see but that is just my own opinion. Of course everyone is entitled to form their own opinion and I respect all posters views unconditionally. atb

Good Morning Boom, yes been a bit of a rollercoaster what with suspensions and delistings etc but has come good, don't forget that we have Cora Gold as well, a slower burner but I don't underestimate Amanda when it comes to mining stocks and in particular gold. As you know she was the Chairman of the 'Women In Mining' movement, she knows what she is on about and a 1st class proven financial guru. atb mate

Thanks pompey mate, yes feel confident and pleased that feedback sources proved to be correct, I wanted them to be but nothing is a given, certainly in business as you say and even more so on AIM. Nice to see over 30 posts on bb today, expect it will be considerably more in the near future. I've read RNS 3 times now and gets better each time, just waiting for Amanda to comment with an update for Gwik holders perspective, should be fairly soon atb mate

Purely for conversation I initially thought that it was a little bit odd to list on 26th May being a Friday just prior to a B Hol weekend, as stated yesterday my guess was the Tues after B Hol Monday. But I am just wondering if this is coincidence or a bit canny in that OPEC meet on Thu 25th, day before, and it is expected that they are going to announce a 6 month extension of cut in production that is currently in place. Whilst we know USA are ramping up shale production which is negating OPEC'S cuts I think a further extension to existing cut by OPEC will shore this up at $50 and may just make it move towards mid $50's a barrel. That will be positive for i3 and sp and us, every little helps and if nothing else good timing even if just coincidence. atb

Thanks Rocky, He saw the funny side but I might have blown the chances of a Xmas Card from him lol atb

Hi mate, totally agree, I sent a generic e-mail to i3 a few weeks ago regarding my concerns that would the Private Placing of $7.6m be detrimental to Gwik shareholders from a dilution of our % point of view and did not expect a response if I am honest. I was taken aback to get an e-mail from Graham Heath the Co-Founder and Chief Financial Officer of i3 giving me his personal phone number and stressing to call him as he would be able to 'allay any concerns' that I had. Was totally gobsmacked being an ordinary joe. So I called him, twice. Both early afternoon and heard a thumbling noise and then the phone went dead. its funnt now but what I did not realise was that Graham lives in Calgary, Alberta, Canada and with the time zone difference I had called him at 3 am and 4 30 am !! I was mortified. The poor sod still called me back later in the day and even laughed about it, what a diamond geezer. Anyway the point is he went into a lot of emphasis of the importance of shareholders and his words were I don't care if you have £500 or £500,000 invested he views all shareholders in the same light and has equal respect for them as they are important to his company. I know talk is cheap but this guy meant it and he came across as very sincere, I couldn't actually get away from him, he just went talk over drive. He also said he appreciated that Gwik shareholders invested when the i3 venture was still at a 'risk' stage as opposed to where we are now and would not abuse that early investment or trust. Probably why I was quite confident in the i3 team like yourself. We are starting out together, even i3 BOD. atb

Just read it again and it gets better every time, the Paragraph section Liberator Cluster Field shows a very aggressive / energetic stance of growth in my view, pushing from the very start with the OGA to acquire the whole acreage of the Liberator Field. With every acquisition, Farm In / Farm out should see a positive effect on sp. atb

Not an answer you want chaps but I have never personally experienced an IPO before so do not have accurate detail on how it works I am afraid and do not want to 'give an opinion' as this would be unfair. What I can say is I contacted my broker nominee HSDL ( Halifax ) who stated that as soon as they have been contacted by i3 / Gwik of the IPO details they will inform us shareholders and do the relevant paperwork / conversion etc. So all I can say is, as show.me stated this morning, is to contact your broker who you hold shares with as soon as possible and just see if they are aware / give them the heads up etc. Thanks for all the appreciative comments, like everyone else had my concerns but glad it looks like we have a decent investment here with excellent growth / upside. atb

Hi mate, the RNS states 26th May atb

Expected circa 6,000 bopd so very pleased that they are quoting 7,300 bopd, and usually most companies put out a conservative figure so as not to underwhelm when actual production figures are proved. I also note that they say possible material uplift, so may be more. Most N Sea wells produce between 6,000 - 10,000 bopd so bang on the money. Expect them to acquire more wells before Q1 2018. It's happening guys. Good luck to all those that hung in there, was not an easy ride early doors but should now be payback and then some. atb

Do you mind me asking who your broker / nominee is with. atb

Morning mate, yes looking good and on track, certainly backs up my points yesterday regarding IPO / Cashback worries. Always felt confident with this but also understand people's concerns. atb mate

nozzla by nothing to stop its completion if you mean listing on AIM absolutely correct. I personally expect a completed IPO listing in a matter of weeks not months, possibly after end of May B/Hol Monday. That is purely my opinion. As for any updates i3 will inform Glenwick and I would expect to see it posted on Gwik website with immediate effect as and when they are informed. atb

Hi archie, There was an investor meeting in London a couple of weeks ago ( I did not attend )and it was common knowledge amongst the attendees that IPO had already taken place with others trying to get on board to no avail. As I stated it was relayed to me by a person who I trust implicitly and his accuracy and content has been 100% correct to date, he is in constant touch with Jaap Poll who verified this. atb

I have spoken to a fellow shareholder who is in direct contact with Jaap Poll and is happy for me to post the following. There is no deadline / timeframe for IPO completion, 6 months or otherwise. Cashback does NOT happen unless IPO falls through and that only happens if IPO does not raise the funding they require to allow said Company to carry out their intended programme, in this instance drilling for oil. The IPO HAS actually already taken place, I REPEAT IPO is fully funded, yes the full $45m or whatever has happened and actually may have been oversubscribed. So no cash back will take place therefore; We will Ipo soon therefore: We will get shares at 50% discount: Shares on offer will be limited therefore: sp will rise significantly once listed on AIM The convertible loan note becomes property of Glenwick and they will disitribute shares to Gllenwick Holders in their entirety, less than 2% will be used to cover costs. Massive amount of activity once IPO lists, acquisitions and possible farm ins long before drilling takes place. Watch this space. Hope that allays some concerns chaps. atb mike