This is the most positive RNS in a long time. It is also a significant raise. lets hope they use the cash wisely and actually move the project forward. Lets see what the news is in early 2018. hoping for an environmental impact assessment! hahaha
Raising via placing whilst in suspension has been done before. Don't worry about it. They need the money up front, and are backed in the future by BP don't forget. I think people are getting too nervous here. just relax. this will re-rate once its producing.
Personally I don't see this as an issue. If they secure funding to become a major producer, then 1p will be long gone, we're talking 5p plus here in 12 months or so. If you're looking for a quick buck then you picked the wrong share. If you want info, contact the company! GLA
Did anyone else get burnt by ADL? The only thing worrying me here, is the potential for this share to do the same thing (on a lesser scale). The difference is that they have an asset and a JV partner, but there is still a concern for cash for me, I feel that there will be a raise done as soon as they come back on line. But if they're ready to start producing within 6 months of re-admission then a raise shouldn't have too much of an impact. Thoughts?
So so is low. O’sullivan Puts his challenge in and it doubles. Then loses and he sells. So he makes a profit and we’re sat where we were before. And nothing has changed. What an awful share. I’ll come back in a year and see if it’s changed.
So I am told CORA share's will come in a similar timeframe to the original I3e shares (1 week!). As for the remainder of i3e shares, they're keeping these as planning to do RTO with Glenwick and another company and need capital. I believe RTO is and O&G company.