Member Info for miker444

Boom I think as fund raising is in the region of $45m and early days without oil production my prediction and that's all it can be mate is MarCap in the region of £50m. That's where I think we can get multi-bags a bit later when oil is produced and RNS MarCap stating $400m or so on $50 a barrel is achieved and yes as you say because of that the lower the i3 list mcap the better. atb

For me the de-risk is Cora which will probably be a value sp re-list (equivalent!) circa 0.01, a tenth of the real book cost of whatever each person paid out. So letting that run for probably a year may well get back to the 0.1p and break even of total investment outlay. Amanda has a knack of getting these small caps moving to perform well, she will want it to for Paternosters sake. atb

It is nice to see an active bb, while we have it.

I will run my posts past a nomad next time lol people should chill more if they are genuinely invested they should multi-bag if they hold just a few months. atb

Yes equivalent to what I have invested. atb

I have not said anywhere that I expect one i3 share for one Gwik share, I would be a multi-millionaire if that was to happen. Currently the suspended sp is 0.06p. I expect the 'pro-rata' sp value for what we hold now to be around 0.1p with a 50% discount when we re-list so approx. 0.15p. I also expect it to reach 0.2 / 0.25 within a few days / week or so once fund raising for the $45m to fund the well starts. Probably a bit higher but if I settle for a conservative sp of 0.25p I will be managing my expectations. Then if on producing 6000 - 8000 bopd as expected from Liberator Field Well in the N Sea the MarCap goes to $400m as stated in RNS I would assume a minimum 4 x multi- bag of 0.25p to get to 1p. It may well go to 1.5p and that would only be 6 bagger. My assumptions are based on the fund raise of $45m turning i3 into a half billion dollar company or as near as. i3 RNS quoted $400m on just $50 a barrel. Simpler way of putting it is whatever value you hold now in £ sterling will be multi bagged come end of summer / oil production. That's all I am saying guys. atb

Hi royoboy, fully aware mate just playing along, I look at posters previous post history and do my own assessing of them although some do get confused as to why they are 'invested' and the reasons lol All that matters to me is that I have nearly 35m of these and if it gets to 1p ( which I think it will once producing) that is £350k. That's i3 of course, then there is Cora which I will let run and is a slower burner than i3, be happy to get my investment money back so win / win. Point is I will have the last laugh, hopefully :¬). atb

It will stay the same as it is now with whoever your broker / nominee account is with, I am assuming Halifax. They will do all the necessary work, however, as others have stated may be a little bit different if held in an ISA which I do not so cannot comment on that situation although jonbudzynski has a good post further down titled ISA people and will keep people updated. atb

We will have shares in both i3 and Cora but they are totally not connected, 2 completely separate companies. RNS explains it in some detail atb

Infapound morning mate, Amanda states in the RNS that Cora Gold IPO should take place Q2 2017 so that is the months of Apr, May & Jun. Not too long to wait just could be 4 weeks or could be 12 weeks from now. As for i3 IPO I would expect a similar timeframe for it to re-list as once it does we then will have a fund raising exercise to finance the production phase of re-opening the Liberator Field Well. They were hoping to have oil out by the summer but that may be a little optimistic unless it re-lists in the next month or so. atb

Hi MrNotay, all ideas welcomed mate but spare a thought for us oldies lol, I am assuming this is a phone app, if not it is proving my more mature years are a hindrance to todays technology! My phone resembles a house brick, only just got to grips with the tv remote :¬ ) I will go with the flow and monitor all areas that I am able to. atb

Will do pompey, I invested in a share that de-listed and the bb was removed almost immediately, don't think there is a timescale just when then admin get round to it / can be bothered per se. atb mate

For all investors who want to keep in touch with a bb we can 'use' ( once this disappears) even if it is just to announce an update we could decide on one say PRS (Paternoster) as they have bought in to Gwik. Just an idea and it would not be abusing another board as such as they are invested in Gwik and Amanda is director there as well. Thoughts anyone or we could just keep on checking Gwik website I suppose. atb

It doesn't mean that mate at all, the existing shareholders all qualify as you were 'locked in' when it was suspended. It just means when it re-lists new investors buying in will not get the 50% discounted share upgrade.

Thanks nomadic

Hi Pompey mate, actually it could be by tomorrow night then (Fri 03rd) as technically speaking Monday 06th is after the 6 months allowed. It doesn't really matter in the big scheme of things but as I said we may get a bit more info, I am of course assuming that an RNS has to be issued in this scenario and don't mind admitting I am not 100% sure if it does.. atb

I am assuming that an RNS has to be released regarding cancellation due to the 6 month suspension running its full course. It may be a one liner and very factual but it is also an opportunity to provide a little update of progress being made etc. atb

Hi Pompey, not sure of the technical detail but not worried by that, all I know is that i3 ipo and Gwik rto of Cora Gold are totally isolated and not connected with each other therefore expecting 2 separate re-list dates with i3 ipo happening first. atb

Whilst the date of 5th March is correct as Amanda stated in the last RNS it will not affect the i3 IPO or Cora Gold RTO. They will still go ahead even after cancellation. atb

Only my opinion but I anticipate the IPO of i3 and listing on AIM to happen before Gwik's rto of Cora Gold. Just believe we are not far way from an announcement relating to IPO. i3 wanted to get to production by summer time and they need to raise the $45m or so before they can even begin to physically start work to 're-open' the well. As they had quoted in an RNS that they hoped to list on AIM Q4 2016 they have fallen behind schedule but only paperwork and due diligence in their way before re-list and fund raise. I actually think the $45m will be oversubscribed and a tier 1 bank or fund manager will already be lined up by Amanda as no point just re-listing and then 'oh we need to find investors now', obviously PI's can and will join in. With RTO of Cora Gold I see this taking a lot longer with the need to satisfy all parties involved from the legally binding paperwork/details. I have read that with RTO's it is the norm for it to take 6 - 8 months to finalise deals so whilst we may get updates I reckon Autumn before we are up and running. Just be nice to have an active bb with share chat once the first deal is underway. atb