Member Info for nomadicinvestor

It's a case of riding it out until a few things are confirmed. The operational update of canadian assets is key, we need to know how much oil is being produced and at what cost/ value. North sea has zero value in sp imo, any news on that front should see a major re-rate (note major now is something like 10-12p). The market is dragging this down, we need some good solid news that underpins the promises given on the Gain aquisition.

I agree. Once the financials come out and if we are generating cash then the SP will re-rate to the appropriate level. At the moment there’s obviously nothing for the market to go on. Nobody knows if these assets are draining I3e or providing cash.

Monkeymoo - johnpeel is just spamming. New account and posting same link on multiple boards.

.... and like clock work, back to 0% by 10:30.

If BCN finished trading at 10am every morning, we would be back to all time highs. Anyone else noticed BCN trades up between 4 and 5% almost every day, only to fall back down by lunch? At first I thought it is manipulation and someone working it but there's never significant enough trades unless they are reported late. Might have a real time look tonight at prices and compare on Monday. The spread is large enough that probably not tradeable.

I3e effectively have control of toscana already with the debt. It doesn't matter if they accept or not as i3e can just put them into default and take the assets. This would be best financially for i3e shareholders however the uncertainty and time delays would make it not worthwhile. Also we may rack up some legal costs that are high. Toscana vote will be difficult looking at the shareholders they only have one large SH at 20% then the rest hold fractions. Our best bet is the 20% vote in favour and most of retail just don't bother to vote.

Something just isn’t right. It feels like a concerted effort to lower I3e. Perhaps too much hinges on Toscana deal? We need their management for Gain. An operational update on current bopd, near term production efficiency’s etc will be good once the board get their head around the asset.

Ganfeng will take up their option to go to 50% of the project, that will sort the finances. All I hope is our SP makes some moves first, if they get the next 20% at these prices it's such a steal and I'd hope our board arranges finances elsewhere. Unfortunately there is still real doubt in the market to 'clay' and it's obviously making financing difficult. With Ganfeng on board and ready to stump up the cash and count BCN as one of their biggest future projects then it's hard to imagine why some investor analyst in London can't see the reality.

Confirmed readmission if enlarged capital. No reference to gain deal completion. Wonder if this will follow.

Expected an RNS this morning confirming enlarger share capital and Gain acquisition. Strange.

Last AGM results were announced the next day, but the previous one was announced same day (at 1:50pm). Assume due to the significance of this AGM, we will get an announcement today. Interesting day tomorrow when Gain completes and enlarged capital hits the market.

Feels odd but from tomorrow we will be a 9k bopd oil and gas producer with large resource base and only a £40m mcap!

Not including serenity we know 'fair value' as around 11-14p (depending on price of oil). Probably 11p on current prices and 14p if there's a small recovery into 50 dollars. i3e have said this quite clearly.

Now if we have a farmout, then we can re-calculate based on price paid and amount we have left over, then mulitple by a chance success or risk percentage. Anyone touting higher than this is just ramping. I'm long term, from IPO, no point lying about where we are. i3e is now a solid bet for steady growth over 1 - 3 years, not the ballistic growth (and fall) used to on aim.

Does Rodney Hooper know this isn’t clay? It’s been about four years since the company referred to it as clay.

Until the transaction completes I don't believe there will be much movement. Clearly a bit of a rush yesterday, but in theory i3e should be valued around the same as pre-suspension until deal confirmed (with a little extra added for sentiment perhaps).

£1 ? You must be fishing....

Graham Heath was quite direct saying that i3e peers should expect a valuation between 4 and 5 times cash flow. At $20m dollars annual, that equates to £60-80m. At the higher end, that is 11.7p post completion and placing. There's obviously no value considered there for Serenity and the farm out in the next few months will determine Serenity's value for now.

This is aim so anything can happen and the potential value may see big gains quickly but we have a lot of shares in issue this time around. For now, my target is 15-20p year end based on Gain coming through and Serenity getting farmed out.

I think a few of us were a bit too early to the party MrCautious! Paying 22p now for where BCN is in comparison to 80p four/ five years ago is a great entry for new shareholders.

It’s amazing with hardly any volume we are seeing price swings of +5% to -5% in less than half an hours of trading. BCN need to get over the line with Ganfeng and financing so we can all enjoy watching the company progress after years of dormancy.

The SP predictions were on the assumption of the newly enlarged share capital and transaction had been completed. Our resumption of trade today will see no gains. I3e will hang around 5-6p (it’s perceived value without Canada) until transactions compete post AGM.

Will be interesting to see how the market reacts to existing share capital being listed today. In theory why would you buy at 5p, only for 80% dilution in a few weeks. But the value post dilution is likely to be much larger than the 80% dilution. I don’t think there is much appetite or interest in I3e after it’s poor run last year. Hopefully this deal gets the time of day. A good start will as always get noticed and many new investors will soon ignore past sp.