Member Info for nomadicinvestor

I don't know the official protocol for these things, but I think companies usually give a notice a week before a de-list (much like they give a notice a week before suspension). So we should hear something next week and I'm hoping for more of an update. We are tied when it comes to i3, so our board won't be able to tell us anything. Cora Gold should have an update of some kind. Even if it is just a 'things are progressing well'. The interesting thing with Cora Gold is that we may all only have £1k or even less but if they list at £1m or £2m then the multiples could be very rewarding. My suspicion is it will come good, but could take 6 months to a year for something to happen. I'll probably just let my investment in it run. AVD seems to spot good small caps.

We won't 'follow' their trend, we will each own i3 energy shares. Totally seperately from GWIK. GWIK have essentially purchased them on our behalf.

Holding steady. Always difficult with IPOs to judge if it is fair value or not. I've taken a chunk here and will probably top up next week. Listened to several interviews with ceo from past week (each worth watching as different interviewers). Guyana looks very promising. The company has a very good strategy of taking large prospective licences and slowly getting partners along the way to pay for each stage and finally end up with 20-30% of the licence on production. Came to London as as 'pivotal' point in company. Tullow partnership looks strong and their recent steadying of their finances will do us no harm. 3d seismic results due plus 3d seismic work starting q2. Both main licences (Guyana and Namibia) ready to drill by end of 2017. Again, Guyana licence looks by far the most promising and could well end up with 1 billion barrel resource within a year.

Been doing some research and there is a good amount out there on the licences. A lot of money has been spent on exploration already. Looks as though Hummingbird wanted to concentrate on their mine construction and decided to let another dedicated team take over the non-core licences. Kola had to raise $4m minimum in order to complete the deal. No where did I see the deal completed to amalgamate the companies. Can only assume this is where AvD has came into the picture. There is reference to being able to use Hummingbirds processing facility, therefore reducing capex. Wonder if that is still available as would seriously cut capex and time to production. Grades don't appear overwhelming but look robust and can only assume big potential upside. Big question is how much will this company be valued at? £10m perhaps? If that is the case, then 0.10 will be returned to shareholders through i3energy shares and a further 0.05 will be owned in Cora Gold.

I believe it needs to happen before March suspension deadline, or else the shares may get distributed not within the ISA umbrella. Which will be very frustrating after I used over a third of my allowance this year in GWIK, on the assumption it could reward me with greatest cost savings if all went well. I think the option of an RTO is still on the table. If this happens then i3 shares will be transferred into whatever account you held GWIK (isa included). I think we need an extension to the suspension in order to complete RTO. Even if announced now, it would never happen within the month. Anyway, my understanding is it could be either way depending on what happens... hope that helps!

Why do you have a 'fair bit at stake' if you don't like the company and think it is trading at a premium? Personally I'm here in hope of an asset and re-rating. Paternoster taking a 25% stake was a big buy signal. News been on cards for a couple months, I joined at the start of this month. Only about 5% down and more than happy to see this through.

For me, the interesting thing is that we can just copy their moves. Zenith Energy went from 4p to 10p while GUN sp is falling. Invest in the companies that these guys are investing in and get all the rewards yourself. Manage your own entry and exits (be quick on entry). Why pay some one to do that for you? That is why I'm invested here. It's a speculative gamble that Amanda van Dyke will get us a good asset and we could easily see the sp multi-bag on news. Five times is realistic but it could well be ten or twenty with a mcap this low.

You mean how much gwik will own of i3 energy? i3 is i3. GWIK will be a shareholder of i3 energy (until they give shares out to us). I'm hoping our £1.2m investment (which we've been told will be returned as double in ipo). So £2.4m in a perhaps £50m ipo. So gwik will get roughly 5% of i3. This is just conjecture but do not think it will be too far off.

This moved up today on barely any buying. When the heard catches on, this will seriously fly. If we can push 4 or 5p by the time news lands then realistically 20p is my target to exit. At 20p PIRI only has a mcap of £8m or so. Everyone knows how these things work on aim. Even if the sp settles long term back to 8 or 9p, it is going to spike initially.

45% been snapped up in holding RNS's since December 2nd. Something is happening in the background and people more aware than us have been buying in. Bit of a shot in the dark but well worth it giving the possible multiples involved. Seems like 9-13p is a solid target after news.

PIRI may not have the most exciting board judging by my last post. Have bought in a modest amount over today. I like what's happening here and can see some big gains if things work out. Lots of holdings notices is always a big indication and the fact they happened from start of December, gives a good clue that whatever it is, may not be far away. GLA.

Trying to work out exactly what is happening here. Led here by following AVD's interview into PRS and subsequently here. Lots of people taking a stake in a shell usually means they are in the know and something is about to happen. Trawled through some posts but didn't find much. Anyone can help? Tempted to put some money in here on monday. No doubt a lot of other investors will be viewing this now as well.

The shares will be deposited into whatever account you own your gwik shares in. Everything will be automatic and you shouldn't have to worry. Especially if you are with a good company like HL. I've read elsewhere with other brokers taking a week or more to deposit shares in instances like this. Quindell springs to mind with some having shares from open and others waiting a week and being tied in. Fortunate thing here is I imagine most actually want to hold the shares we are receiving. I'm pretty convinced we are going to get half the value of the i3 deal back and the other half, along with other financing, will be used to complete an rto. I'd be happy with that. Would also be happy with simply receiving i3 shares. Bit annoying it has taken so long though. As far as I understand, our money will be repaid in the ipo by double its value in i3 shares. Therefore the lower the ipo, the more shares we would get. The rise in the price of oil will of greatly improved the finances here and it was the main reason I got into gwik (I wanted to take advantage of oil plays when the market was oversold). Let's wait and see, it may end up different. All the best and lets hope our 'gamble' pays well.

Rule of thirds - 1) you will get shares in i3 put into whatever account you hold gwik. 2) those shares will be valued (at least) double gwik closing price 3) gwik will then be wound up ... 4) hold i3 shares for a year and be a happy investor

I don't think with i3 we will get the equivalent share price of 1p. Maybe 0.1 to 0.2 on IPO and 0.3 to 0.4 on drilling next year. It's impossible to know until we have more info. From what we know - we have £1.2 million invested. We are getting shares in IPO of i3 at half price (as repayment) so £2.4m of a $50m fundraising (£40m). That is 6%. Say they only give 50% of shares away in the fundraising then that leaves us with 3% of the new company. That new company has a North Sea asset with a valuation of $400m (£320m). That suggests to me that after the IPO (which may value i3 at £80m going on my fag packet calcs) there should be good upside (3 or 4 times IPO) in the lead up to production as any financial or technical risks are overcome. So i3 investment may be worth 0.3 equivalent to us. The exciting thing is if we still manage a rto. I'm not holding my breath but it looks like it is still on the cards from our boards point of view. If that happens then happy days and we could definitely see something closer to a penny equivalent. But I'll be more than happy with just i3 and a solid return on my investment.

Brummie - from a good source, our investment represents a half price deal for our amount of IPO shares. So if we invested £1m through a convertible loan note, once i3 IPO we will be re-paid by £2m of shares from the IPO. Now where it gets interesting is the IPO could be for £200m or it could be £100m. Obviously the latter is better as we will get a larger percentage of the new company and there is then more potential upside in it for us. An IPO valuation of £100m doesn't mean it will list at £100. It may list at £120 or even £150m. Therefore, we are pretty much guaranteed a doubling of the investment, but it may well be more. In terms of OGA approval, they move quite quickly and I suspect they are well on their way. GWIK didn't need to give this update as it contains no new information. This makes me think news will be imminent on i3 and the board are just getting our name back in the minds of investors.

If i3 float at par, then our investment will double as we are getting the shares half price. We might see a better than par listing due to the current oil market looking a bit better - who knows what might happen at the talks in a few days. So 0.12 will be in effect our equivalent 're-list' price. I'm happy enough with that as it is 20% up for me. I'll definitely hold through to drilling mid next year. Now the very interesting bit is that we are still trying for a rto. If we can get any deal done then it will be very lucrative for us shareholders, assuming we still need to own 50% of whatever we are acquiring.

Confirmation of the board that we will all get shares in i3 distributed in the way of a dividend. Written to suggest all shares in i3 will be distributed out. Also doing dd on various potential RTO's, or may seek to wind up GWIK.

If our board have played a blinder with the i3 investment then why not trust them to play another blinder with the proceeds? Whether we want to accept it or not, I'm positive our money is better handled by our board than ourselves when it comes to getting 'ahead of the game' deals etc. Assuming you will hold i3 to drilling, then you are saying you will hold i3 until at least mid-2017. GWIK needs to complete an rto by March 2017. I'm happy to give them until then to get one, if not then we will still get our i3 shares and GWIK can be wound up on the cheap. I'm still sure there is a bigger play here and our board have used i3 as a short term financial boost, also providing a solid fall back option for shareholders. It all depends on averages and those who came in late at 0.6 will no doubt just want back control of their money, knowing it has already doubled. Those here with 0.10 - 0.17 averages will more than likely be keen to be involved in a more substantial deal that earl stage IPO. Let's wait and see.

I've written this reply twice and for one reason or another it hasn't been posted. Third time lucky! Just to clarify, Cameron Pearce is no longer involved with GWIK. He resigned from the board and isn't a major shareholder. He resigned at the same time Jaap Poll and Amanda van Dyke joined as non-exec directors - it was clear CP's way of dealing didn't work with their methods. In terms of the i3 investment, I believe it has been a very opportunistic and shrewd move - probably down to AvD's contact list. We are in the process of due diligence and have been presented an offer that almost guarantees the doubling of our £1.2m by the year's end. That money would otherwise have sat in the bank. It also provides a genuine safeguard for investor's and gives the board a less pressurized suspension (with that a better bargaining position for rto's). If rumour is believed then GWIK will either, a) give shareholders their proportion of i3, b) give half out and use original £1.2m for rto or c) use all money for rto. My preference and I assume the boards, will be to use all that money for an rto. £2.4m, plus an aim listing, plus our boards mining and financial expertise will give GWIK a great base to do a serious rto. I'm happy with our i3 investment but in terms of upside, we (shareholders) may double or triple our original investment depending on averages. I know we are all here for the shell company/rto/multi-bagging play and therefore would love for the board to take this enlarged sum and re-invest it. In terms of what is in it for them, surely making something out of GWIK will have far far bigger gains than simply investing early stage IPO. JP, AvD etc aren't here for pennies or to fill up some time in their schedules - they are here to make money and we can follow them for the ride. Fully expect news by end of November on i3, assuming Q4 16 ipo target on track. From there we will understand better our boards intent but won't be surprised if we here nothing until end of Q1 17 as due diligence and strategies are worked out. Remember until i3 IPO then we don't actually know how much money we have. May be £2m, may be 3 or 4. Good luck all.