Member Info for nomadicinvestor

Dee - you feel bad for those invested in 2017? I invested in 2015! Watched my money double in value and then sink to 25% of original investment (or 10% from highs). I find it funny because until the 2017 crash, I always said this was my safe stock. Had around 100m mcap, solid big name investors, a huge resource and a stable mining country. Long term hoped see the last year or two as a couple of bumps in the road.

Thanks Jungmana - I’m off the ball today obviously.

So Premier Miton took a very small amount extra on 13th October at 4.45p, then sell a very small amount today at the same price. Seems odd, wonder if they were planning a trade on the rise from Toscanna news?

We now know that after 6 months of a very difficult period in the oil and gas sector, the Gain assets are generating good profit which will only rise as we see a recovery into next year (however modest). The share price can not stay down here for long, those numbers and profits will start to be banked soon. I3e are now underpinned with solid production and I feel safe with my investment. Yes, I dont understand current sp other than warrants or market sentiment both to O&G and/or i3e.

Price swings have been mad past few days.

I wrote that a lot when my investment was 400% up back in the day!!

It’s the fundamentals rather than news. It’s a solid company that’s run well with a very loyal client base. It’s young on the exchange and I expect it to keep growing.

£1 billion mcap - well done all. Still going strong.

5p broken ...

5p broken...

As I say that someone posted 'VOTE PASSED' on toscana board - true?

Wonder where we will find out first. Doubt Toscana will update their website quickly, imagine a post on their forum most likely. Not sure if anyone will be in attendance out with their board. The meeting will be finshed by now easily.

Big day, personally I think the Toscanna vote has really held the sp down. It’s not going to re-rate i3e overnight but it should be enough to climb over the 5p and begin some upwards momentum.

After the vote, the key will be getting an operational update on the integration to date of the Canadian assets. Remember i3e have operated them since May.

Once financing is agreed, I suspect our mcap will more than support the main market. There is ultimately no reason why BCN couldn't continue to operate in AIM if it worked to BCN's benefit. I think at the time there was a feeling as an AIM exploration company BCN might not find true value as some investors stay away.

The 6 month chart is always good to see the current trend - BCN formed a solid channel holding the 27p on Tuesday. Near term looking to re-test last years high of 50p in my opinion. The tide has turned in lithium and right at the time we are about to have a series of major news. 2021 should be a very good year here.

I recall Peter saying once funding is confirmed for the mine, BCN will be able to join the FTSE Main market and BCN intend to do so asap. I wonder if this is still the case? It hasn't been mentioned in the more recent reports.

BCN held over the previous april high of 27 and that was clear indicator of upward trend holding.

What we do know about Ganfeng is they have no interest in taking over companies in foreign territories, but they do like to have control (50%). That leaves BCN in a comfortable position - 50% of a massive resource is still a huge amount. It protects BCN from cheap takeover's which was always my worry. Peter Secker would bite someones hand off for 150m, Ganfeng won't be interested as it's about the wider picture for them.

Price wise I agree with johnpwh - the big question of 'is clay commercial and scaleable without production issues' looms heavily over us. Personally, I'm happy with the pilot plant and Ganfeng's backing, however more serious investors than myself will always follow the trend. The rhetoric in the market is clay doesn't work and we are stuck for now. Secondly is of course finance - are we in for another cheap 25p give-away? Sensible money would say buy in after financing is agreed, that's where explorers make the gains.

All things considered I think BCN is in a great place, it's a definite hold and the rewards will come. Ganfeng will get this to production and prices like Lithium America's won't be too far away.

I find the Toscanna board comments funny, moaning that true investors get nothing. They've invested in a company that built too much debt expanding in a high oil market and have got caught short when the market's fallen. Toscanna are broke and their shares are worth next to nothing given they are in default. Surely being part of i3e and the potential expansion is better than nothing. Lot's of i3e shareholders will feel similar, previous highs obviously out the question but from here on a decent investment case.

The Toscanna deal is massive, it can not be under estimated. It is the Canadian asset management company, without it we have no one to manage Canada. I3e's expansion is centred around Toscanna, it's far more than just 1k bopd. The tax benefits will also come in handy.

Yes, doubt 8p on deal going through but I think 6p by Months end (only 20% above placing price) is more than achievable.

I would encourage everyone invested to take the time to read the admission document as it is more detailed than required in annual reports. Every issue and potential risk is outlined. A few high level notes from my read today:

As loss making, only way to have 'dividend' is through capital reduction (share buy backs). This needs approved by shareholders and UK courts.

Future acquisition criteria in North Sea or Western Canada - either have 10m reserves and production OR production over 5k bopd.

Share options North Sea - 66% at appraisal well and 100% at 25m 2p reserves. Share options Canada - 66% at 9k production in July 21 and 100% when added 5k production. (both interesting as indicate targets by mid-2021).

Liberator East geologically seperate from Lib West and Minos High. Uneconomical unless developed as part of entire Liberator Area. In general outlines great risk and uncertainty over whether sands are oil bearing or where water contact occurs in Lib West or Minos High. 42% chance of success.

Serenity - no firm plans, either tie into existing or stand alone fpso dependent on size (not news).

OGA enquiry into Serenity drill that was made closer than the allowed 125m from licence boundary line. Investigation won't be made but sounds like poor planning.

Canadian oil fields are heavily affected by weather and see local road closures to heavy good vehicles in winter and some places inaccesibile outwith winter.