Member Info for tomhuk2000

The question I have been wrestling with all weekend is whether to sell on any slight bounce above 3.5p in the coming week or two, or to hold for 5p+ perhaps achievable on some more positive news before the years end. Dilemma

The BOD have to build up some trust and credibility. We need to see regular and concise RNS’s keeping investors informed and eliminating any rumour and lack of trust. Where there are long silences, fear and doubt creep in.
I’m hopeful for a bounce on Monday but unsure whether to cut and run 4p+ or hold for a 5+ exit.

There is money to be made at these low levels as I believe we have hit our baseline (for now)

I couldn’t agree more Daltry, questions need to be answered. PI’s have lost so much money here and the board were flippant to say the least.
There also needs to be an enquiry into the last assessment of the Reserves, a 90% Level of inaccuracy isn’t just wrong, it’s criminal and worthy of investigation.

Having slept on all the info, the only thing I can hold onto with any level of optimism is that they have aired all of their dirty washing comprehensively and in one hit. So presumably the only way is up. They are still producing and if the bpd increases gradually along with the POO, then we may see a steady but small rise. I feel there will be a small bounce back up to 3.75-4p in the coming weeks where it will settle.

I’m averaged in with a lot of shares at 6p but will hold to sell at 5p although this may take time. Paper losses at the moment, so will hold to try to recover what I can.

Good luck to all other PI’s

Well, having had the champagne and Ritz crackers on standby this morning, the RNS Sh*t all over that.

I’ve had a morning to stew over it and reassess the data and I’m struggling to stick with HUR.

I plan to hold for 5p and get out without too much of a loss, even if that means waiting a few months for a bounce.

It’s currently priced like a low rate exploration outfit and I have to keep reminding myself that it’s a producer and a prominent one at 12-14kbpd.

I feel there is value beyond 5p and maybe into double figures, but the board and the prior estimates for Lancaster have destroyed my confidence

I remained a very optimistic holder here right up until three minutes before the RNS hit.

I was expecting a material downgrade of Lancaster, but nowhere near this level. Whoever did the initial assessment has caused hold is here so much trouble and it’s so wildly inaccurate.

I think this will bounce back up to the 4 to 5p level and that’s where I’ll get out. luckily I managed to average down to 6p over the past few months so the damage is minimal.

My heart goes out to all of the other holders who had much higher positions than I.

As long as the news is relatively positive then I’m holding for 20p. Even if it takes weeks to achieve it.

Here’s to a great end to the day. after a lot of uncertainty I’m very hopeful for tomorrow.

My initial instinct was to set a limit for 12p. However, on positive news tomorrow I’ll continue to hold to what I perceive is the true value of this company. 20p+

Definitely. I think we will hear of their next acquisition or acquisitions before any news of a farmout. Maybe as soon as October

When is the SCC meeting? I thought it was the 17th Sept or is that not the case?

It’s good to see this in writing. That’s the first stage in their plans done and dusted and it’s nice to see that it’s been done efficiently and more I’d less on time.

Fingers crossed for the next steps:

End of October: Toscana Completion
October/November: additional Canadian takeovers?
End of the year: Serenity Farmout.

I’m holding for 30p, which might be achievable by the years end, but for once with I3E I feel really positive about their forward trajectory and I’m happy to be a holder.

https://i3.energy/wp-content/uploads/2020/09/20200901-Mirabaud-i3-Energy.pdf

Link

It certainly does feel odd, but rather good! I remember in March and April we were talking about the company being on the verge of going under, it certainly feels like a much brighter proposition these days!

Well, I’d not had to do this to anyone on here yet, but magmanus just got filtered. Christ alive he was doing my head in!

In other news, very impressed with the proactive interview. If they can deliver good news regarding Gain and Toscana we should see a rise. If they were to pull off the perfect storm and couple it with a FO deal then I think we will all be very happy.

In March we talking of whether the company was teetering on the edge of going under. They, now, at least seem pretty solid, purposeful and aggressive.

A long term aim to achieve a dividend is a great idea too. This should see an increase in serious long term investors to keep the SP Gains steady and buoyant.

September - Gain and Toscana RNS

End of October? - Farm out RNS

End of year - 1 or more new acquisitions in Canada ?

Thanks for that

I thought that the suspension was primarily due to the Toscana deal going through the motions. Would the readmission imply that the deal is all wrapped up pending the AGM vote?

I’m going for a hugely optimistic 13.85p

Nothing surprises me on AIM anymore

Having now had time to read through all of yesterday‘s news and details, and having slept on it, I feel far less deflated.

We are basing our estimates on the readmission SP solely on the facts and figures we have been given, in any other marketplace this would be entirely the correct approach. However this is AIM, and as we know from the past and with various other stock such as hurricane energy. The value of a company in a financial sense is often at odds with the SP. AIM is based largely on the sentiment and I3E we’re not doing very well in that department.

However with the switch from exploration to production and if the Canadian assets are all approved, then I feel risk is reduced massively and sentiment will shift, Factor in a farm out and I think we are looking at an entirely different company and a different attitude towards it.

Also, if the SP did relist at 30p plus. We would see a mass exodus and sell off by existing holders, such as myself.
Whereas with a lower starting SP and brighter future prospects we could actually see some real investors putting their money in for the long term once again

Disappointed that the relist won’t have the wow factor I was hoping for. I was imagining a minimum of 15p. However I think that with the transformational strategy they have in place the SP should rise rapidly.
Feeling deflated but still optimistic for the mid to long term.
The farmout seems very likely and they will have to be rerated as an oil producer rather than an exploration outfit.

Thanks Cn100, I appreciate it. I’ll give it a listen.

Cheers Guys!

Of course I’ll read the RNS. I’m not looking for advice. But I am at work and thought someone might offer an overview. But obviously not.