Member Info for miker444

I didn't want Jaap to go either but he is 78 years of age and i3 have their own Board of Directors and are experts in the oil field so probably understandable in that Jaap's work is done here. Hope he was well rewarded with a good send off. Existing Gwik shareholders get a 50% discount to i3 sp on re-list. With Cora gold important to remember it is not a done deal yet and talks are non binding but no reason why it cannot be pulled off, here's hoping. atb

Looks like an excellent result and we have 100% of the rto, I believe gold is an area Amanda Van Dyke has quite some previous in. atb

My calcs are based purely for what we will have when we IPO with i3, the rto may or may not happen so I do not base any calcs on that scenario. atb

Apart from not knowing what the sp will re-list at once that has happened it will be relatively easy to work out sp once i3 are producing and what the multi-bagging will be (ish) for us. Quite simply my reckoning is that once i3 re-list with funding sorted at say roughly £50m MarCap and our sp is valued at for arguments sake 0.1p pro -rata in % terms of that figure we can work out future sp with some accuracy ( because we are priced at a % holding to i3). So if i3 go from £50m to £400m, their own calcs was 400m dollars from RNS once producing at $50 a barrel,but I have allowed for £ to $ parity due to oil price increase, then it will be a multi-bagger of 8x. So even at re-list of 0.1p we should see 0.8 ish in summer / once oil coming out. Yes fag packet calcs but easier than most companies to predict sp as we will have a fixed % to whatever i3 MarCap goes to. If we have to wait for 6 months for a 8 x bagger or 6 x bagger personally for me that is not much of a hardship and worth the wait, quite a short wait really for the possible returns. Just my take chaps and just showing that do not be too disappointed is sp re-lists lower than you expect as we will re-rate to i3 whenever their MarCap rises, have a good weekend. miker

I posted a few days ago that we will probably re-list sp 0.15 ish as a start. This may seem very low but I agree with brummie but will give my opinions and that's all they are. If we get 5% of i3 and i3 IPO values i3 Market Cap at £50m after initial fund raise then that is equivalent of £2.5m value to Gwik, give or take. With 2 and a half billion Gwik shares existing prior to IPO then that is around 0.1p ish on re-list. Yes it should rise somewhat but it will rise pro-rata with i3 when they are producing oil in summer and valued at $400m or $500m with oil being that bit higher. So on that criteria our 'Gwik'/i3 sp will rise in accordance with rises in i3 MarketCap. Need to hold until summer for any multiples. Finally whilst an rto would be a bonus I see it as just that and believe that with no announcement so far or update that they usually take at least 6 months and a re a bit of legal paper exercise nightmare so personally think that that may now not happen. More than happy to be wrong but I am trying to manage my expectations realistically and still hold that even at 0.12 / 0.15 it is a far better scenario than 6 months ago when I thought I had lost it all. As I say just my opinion and nothing else. atb atb

Hi Daiwish, the sp I am referring to is the equivalent value per share you hold in Gwik. Yes $400m Market Cap but that is when the oil is flowing in 6 months or so. The initial IPO and fund raise will value i3 at £50m to start with. Just my opinion of course but managing my expectations and being realistic at the very beginning. atb

Exponential once the oil is coming out and as you say this would / could fund other acquisitions / wells etc. I do expect a fairly low sp on return 0.15 / 0.2 and then 0.3 / 0.4 in a matter of days once i3 start and get the fundraising effortlessly. atb

Royoboy, have to agree we are only 2 days away from Feb and whilst I believe no time limit on IPO ( as opposed to rto ) definitely think we will get an update possibly by end of this week. i3 have the approved acquisition ownership notice and will want to get moving as quickly as they can. atb

Hi mate, well is such a nice word, a well at 8,000 bopd would be better! atb

I have read all of your 6 posts. Apart from this one you are advising very strongly on all the other posts of how for those companies you mention it is the best time to buy or this share will boom etc etc. For someone 'with no experience in this field' your post here could be construed as misleading at best or manipulation at worst. There are not two shares. You are not invested here. Goodbye.

Royoboy completely agree, I don't doubt for 1 second an awful lot going on behind the scenes ( ducks feet beneath the surface as it were) but yes an update would be nice. It can't be long away and I expect updates from both i3 and Gwik, the latter of which may well be updating via details of i3 deal but also separate updates wholly concerning rto not in association with i3. I now think we will get double bubble, just a gut feeling. atb

Totally agree we may get 5%. Whilst I did not quote an actual figure my post of Jan 04th I stated we may well be surprised on how high our % is and probably bigger than we might expect. I base this on our £1.2m cash or so was at the negotiating tables of the 1st tranche of fund raising and that is what is the important bit for me at least. I genuinely believe main discussions would have been on the $2.5m needed to acquire the well and we were putting in at least half of that initial funding requirement. Oil was lower then also so i3 probably would have felt the need to be on the generous side for Gwik to get a decent return on their investment. The $45m or so needed for funding to 'open up' the actual well / drill for production would have been on a later agenda / negotiation meeting and probably with other parties / waiting for IPO re-list etc etc. All in my opinion and could be wrong but I had 5% as a figure in my mind some time ago and still hold to that, atb

Forgot to say my point is I do not see the fund raising being a time consuming affair, done in a blink of an eye, and it will basically be a matter of how quick can it be brought to production once listed. aimo atb

"i3 seek admission of its shares on to the Alternative Stock Market (AIM) of the London Stock Exchange concurrent with an Initial Public Offering (IPO) to raise funds for the Liberator prospect". With the huge potential profits to be made from a needed fund raise of $45m or so this will be seen as peanuts and I genuinely believe that once listed it will be oversubscribed massively and that funds will come from just one source either a tier1 bank or a major fund manager. It was said in earlier posts that quite significant that Amanda Van Dyke had some input to the Gwik Rns and I totally agree, her personal portfolio states that she has raised in excess of half a $billion on behalf of clients and she may well be assisting / suggesting fund managers and contacts to i3. It would be strange if that is your specialist field not to want to show it from one Bod to another. atb

Hi Karl, RNS states Q1 2017 for re-list so not very exact to put a date on it unfortunately and it will be guesswork, but the end of Q1 is last day in March so by then and hopefully sooner. At least we have had updates and very good ones after a long wait and agree totally after CP and Turkey I personally thought we had lost the lot. Very happy. atb

Boom mate Prefer the 1800k! atb

Important she has added some input, says to me she will assist / offer advice or contacts in raising the $45m or so needed to get this to production. ART123 think you have not quite got the gist mate, we don't need an rto. atb

Totally agree Brummie, just a question now of what sp could be when we come out of suspension. Best to manage expectations realistically but as you say it will be linked to value of i3 and not the current sp. How much % did we achieve on the initial talks, may be surprisingly higher than we think as oil was not even $50 at the time. Only time will tell but nice to see the bb come back to life again. atb

No problem mate, just a question now of how many weeks "in the coming weeks" that actually means, could be 2 or 3 could be 5 or 6. No point dragging it out now, I am sure i3 want to list on AIM as soon as possible to start the bigger investors to fund raise the £45m or so for the final drilling stage. atb

Hi Bod, absolutely not mate, I was just trying to point out to Jezzoo we do not need an rto to finalise the IPO with i3, if you read Jezzoo's p[ost that's how it came across to me that he thought we needed an rto no matter what. I would be over the moon mate to have both as I see an rto as a total bonus / icing on the cake. atb