Member Info for Source888

I know. You missed I stated "Est" before that line :)

GGG - this may help. As the answer lies in separating time horizons.

1st Time Horizon = Est Useful life of Oil & Gas a Energy Source = 10 to 15 years
2nd Time Horizon = Mid to Long term shareholders = 3 to 5 years
3rd Time Horizon = Short term shareholders = 1 to 3 yrs
4th Time Horizon = Traders & non business plan supporters =~1min to 30 days

==> Behemouth is more than possible in the 1st, 2nd and maybe 3rd Horizons and is where management should be focussed most on satisfying and delivering for.

=> 4th Horizon is for chancers and home of loons who don't understand or value the business particularly well or patient to relaise value.

==> The whole point of buybacks is to allow short termers and profit taker like you to get out and soak up float. (NB in response to your ealier related point on this too GGG I disagree Buybacks are a "one off benefit" -- not at all -- indeed sharecount reduction is a permanent improvement for all shareholders and benefit us year in year our after actually being bought back!)...

I think Buybacks being added to the i3E armory is clearly the best option for excess cash and help maximise shareholder value for all in the most appropriate timeframes.

I agree with Shubham and they are similar to thoughts I've shared with him also. Buybacks are needed in the i3E Armory and I think will boost shareholder return and make existing initiatives in dividend and production growth more effective also as sharecount drops.

Hi GGG - I guess we can agree these are nice problems to have! lol...I still think buybacks are the best options to add to the other initiatives, especially down here it seems a no brainer...

I think you are looking for an exit so maybe you personally prefer takeover &/or dividend, but think most longer term shareholders would be FAR better served by i3E slowly growing into a behemouth from its VERY VERY attractive resource position and top quartile economics...

Selling out at 35p seems silly for any longer term shareholder who knows the quality of assets we have and continue to accumulate...Even the brokers note sees 55p to 65p as possible for i3E so selling out cheap would not be in most shareholders interest.

i3E buying its own shares back down here could be the best investment out there and teach the impatient a useful lesson :)

https://t.co/GY05BFQgza

I think i3E should add buybacks to its armory. It is the only one missing from our pressure-points on re-rating and I think its the one that more reliably unlocks improved share-price and everybody's overall shareholder return...

We already have a generous divi that beats most on the market so that's just not doing it for us. Ramping it further seems silly and overly generous use of company capital with only one-off benefits.

We already have nice production growth and can kick this up at any time in the future when the market is more ready to reward production uplifts - so far the market hasn't really rewarded shareholder for this either in any meaningful sense...

The only and final missing part for management to do is ADD BUYBACKS TO THE ARMORY...I think if they did it removes the float that's hurting us all and makes i3E an even more obvious no-brainer & we are clearly missing it...I also think the company buying back gobs of its own stock down here will be a huge return for everyone and reduce the share-counts on an ongoing benefit and provide multi-year benefits to all shareholder that divi's don't....Its also a sensible risk mitigation against our many large institutes tanking things for everyone when they move...

Quite frankly anyone looking at it sensibly should clearly see BUYBACKS are THE biggest benefit to all for longer and should be being done now!

If shareholder think about this strait then we should all be demanding i3E management start buying back their own stock, -- & especially aggressively down here!

Yes, she/he is a very dishonest poster on here...

>What percentage of Harvests 35% drop in share-price on the 29th Sept 2022 was attributable to the managements RNS announcement? (this resulted in one of Harvests highest volume of shares traded in the company in 6 years, since 2016).

>> What lessons have management learnt from this massive & avoidable £5.8m shareholder value destruction event & what concrete actions will stop such egregious destruction happening again?

Wonder if oilers will take a hit from shadow chancellor confirmation today that they will significantly increase taxes on oil & gas producers in order to pay for labour now matching tories promise to cap energy bills for 2 years as well.

There may be some shock specifically around labour also now saying they will BACK DATE taxes to Jan 2022!

Given labour are so far ahead in polls currently their prattle can’t be ignored & will hit energy producers cash flow assumptions quite bigly?. (Na i3E?)

100% - trying to hide business facts is a cop out by management . Lack of transparency on business basics is inexcusable for public companies.

CONFIRMED.

More evidence you are a dishonest poster Smellyus -- scare of posting your sources so what you say are again suspect. Facts don't need to be hidden ;)

No source for this statement smellyus?

Does anyone know how much they've managed to recover from the any of the abandoned Russian Gusar JV assets & the $27m due from Technip -- Was it all written off as loss?

Does anyone know how much they've managed to recover from the any of the abandoned Russian Gusar JV assets & the $7m due from Technip -- Was it all written off as loss?

I'm hoping he's true to his bias and is shorting ... Otherwise just a dis-honest poster (we unfortunately have a few)...They've been TERRIBLY wrong for so long now they should have changed their views but instead they spew misinformation.

The ONLY reason they should keep posting is if they actually stand by their views by shorting (so far they're too scared too - so in reality they don't even believe what are posting :) Lol

Great post Chesh & Coton - Hope management read it & start to market our premium organic product to CBD & other high value customers as throwing at general run of the mill farmers seems a waste of our high phosphate concentrations...

Anyone know why Serinus Energy left Namibia? Seems they had quite promising licences but hit dusters initially.

Ah yes - sorry everyone - wires crossed! I'll try and delete.

Don't think that is true - Management bought in quite heavily at around 2p I recall...

Kind of agree with this take Harvest management would benefit from being more transparent & open with its shareholders:-

(around 14mins): https://audioboom.com/posts/8063386-john-meyer-discusses-the-effects-of-inflation-on-commodities-plus-bluerock-keras-rambler-bush