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Thanks JAdam. Just reviewed IG and the number of clients in i3e now disappeared - it moved from 50-250 clients bracket to 10-50 a couple of days after announcement, so must now mean under 10. That is positive. A positive analyst report of divs and it gets firing again...
I see there were some hefty trades later yesterday as well. Firmly believe IG delisting having an impact - if put up 100% margin, still have till end of March to close positions before being delisted. Hopefully the analyst reports, divs will give little push, then next month I think we see more normal moves to the 10p+
Happy Birthday mate. JAdam/Tony - able to reach out to your contacts and find out when we will be getting this analyst report?
Yes, looking strong today, hopefully we can get in the 8s and then 9s this week..
Thanks mate!
JAdam, when do you think we will get the updated WH Ireland and Tennyson analyst updates? They should be another catalyst to get us to fair value.
Very nice volume indeed on the TSX, already 3 times yesterday. CAD 0.18 equivalent of 10p - it looks more solid than yesterday which was a little ridiculous. Would be very nice to set a new platform of 10p, think that is where it should be.
Good post Tony!! Funny...
Yes GGG, that is what the majority will do - reason why the number of IG clients in i3e dropped yesterday from the 50-250 range to 10-50 range. Will hopefully all see out by Fri.
Need to ensure 100% margin in place by Friday, and then exit by end of March when the position delisted from IG.
Before I say the following I am very very pleased with the RNS, absolute game changer. However, I feel we are seeing the dodginess of the markets at the max. IG leak the delisting, Monday people sell (but prob not the really big IG holders as there was no one to buy), Tuesday a Company making RNS - that sequence is dodgy enough. Now until 31 March we will probably be held lower than we should because the rest of the IG people need to get out. The MMs know that. So dodgy!! Anyway - I am not selling any before then so I guess who cares about the above but still annoys me! A lot of energy put into this share to not see the rewards when they are due...
Agree GGG. I still feel the IG delist is holding us back as people being forced to sell - and MMs know that. Will be pleased with >7p today before moving to 10p in next couple of weeks.
There was a 900,000 share dump at 6.5p that was definitely someone selling in IG. And we walked straight through it. Absolutely beauty. They still know people have to sell, this will go to 10p quickly once those out.
I really think today was a lot of IG clients closing positions and then as the day went on buying back (shares rather than Sbets). The stock is so illiquid at the moment any sells will cause issues. Today was positive in my view - was expecting worse. Ideally we will hold it around here until the RNS.
Same MrBart - just got a response at my second attempt to contact.
Think i3e will be one? And think could be a problem for us?
Brilliant post lignumvitae. And thank you for sharing that article too Tony, interesting and backs up all our views that this share should be priced far higher yet we are sceptical of the Bod. I like this LSE chat, but it does make me laugh when we get a "Tommy" coming along and repeating (and it must be a copy and paste) his message he sold because the Bod are so bad - we get it mate, you are bitter, I get your frustration, have had that with other shares that did badly...but maybe just move on. Thank you for all your inputs JAdams, FF, Tony, GGG etc. I am hopeful and do believe that the Bod want to prove themselves and have a gem in the Canadian assets. Next week...good weekend all
I deserved that Mace! Was just hoping for a nice little bit of momentum and get a nice base at 7p pre news.
A little disappointed with the slight drop today, thought we were getting some momentum back + with WTI at $60. Do you think the freezing weather in Alberta could be an issue (as it is in Texas)?
Good find Kane!! I like that a lot.