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Its going to be very interesting on the next Serenity drill. Now they have confirmed we will remain as operator i think they will be very conservative with that first step out drill. I`m hoping we are drilling spring next year.
Good summary Tomh. A lot has been completed over the last ten months and due to trust issues the market wanted/needed proof and clarity. That’s now on the table.
We now have a news rich period to enjoy and I’m sure the MCAP will adjust to I3’s performance and potential. Which is considerable.
GGG,
You’re not alone. It’s been a painful week. I hold 2.5M shares at an average of 7.5p. Like you I remember the under the table antics of the last drill results and I took a similar hit that day . Luckily I dumped a lot of my holding in the 30’s as was in deep.
I’m waiting for the placing price to be disclosed and will decide then if I will add further. Likely I will if that price is tested and think it will be in the very short term. I’ve been in I3 along time now and I think these guys have a few aces up their sleeves which will drive the SP up to new highs in the coming weeks. Let’s see.
My exit is 30p and I expect that in the next 12 months.
Milan, I took a massive hit on I3 last time. So I share your position you are not alone. I’m in good profit on re-entry and have a decent position which is more than capable of returning my losses and some.
It’s a different play now IMO and I’m happy to watch and wait for the time being. Good Luck to us all it’s certainly been a tense one
I`ve always thought there is a very strong chance of a complete sale of Serenity. If the numbers and POO work, Its low hanging fruit for the NS operators. Company could do a special divi and use the remaining cash to expand / sweat their Canadian assets a lot quicker than it would take to monetize Serenity.