Member Info for Walkley

29p bid required 5 major shareholders to commit. 4 said yes but because 5th didn’t , bid is not going ahead. Still means 21.5p is too low

Not very clever to produce a trading update with sales etc for 2023 - Doesn't anyone read what they send out?

We expect to report Group underlying profit before tax of c.£33m for the first-half of FY22 (H1 FY21: £35.1m).

Group adjusted Net cash as at 30 June was £2.8m (31 December 21: net debt £49.7m).

Come on Hedin!

Google seem to have trouble understanding the difference between pence and pounds.

So based on a profit of half that $35m from iron ore our market cap. of £34m is ridiculous even without Mexico and Elizabeth Hill? What is keeping the share price so low?

Do we have any figures for anticipated annual production/profit that should be expected from this Iron ore operation??

For this relief, much thanks

2.7p "Fair Value" from WH Ireland sounds good. Hoping that the expected news announcements during the next 6 months should push things towards that.

Gas price (Henry Hub) assumptions in WH Ireland's latest paper was $4.85/MMBtu -actual is $6.85 -as we have a largely gas producing asset in Canada would have hoped that this would have helped sentiment.

Unlike some AIM miners SML actually has an income. Thanks to Cobre the lights will stay on;
Group cash balance of US$0.615m as at 31 March 2022
Group cash balance of US$0.609m as at 31 December 2021

Last year produced an interim management statement for first 3 months on 21st April. Hopefully a positive announcement due tomorrow. Whilst volume may be down due to chip shortage gross margins should continue to be high and costs should reflect the lower volumes. Disappointed that has dropped below Hedin's 28p indicative offer (that we are not allowed to know about)

The price on 5 April was 24.3p so hope he enjoyed the view!

Who can buy shares on one exchange and sell them on another? Is it something that only institutions can do?

WH Ireland (paid by I3E) value Serenity at only 4.5p in a total valuation of 47.5p. In the same paper the Canadian operation is valued at 41.5p based on 5 X 2022 cash flow but as the company is now debt free they can and are likely to spend significant amounts on increasing production in Canada from their existing properties.

What is a reasonable target for this year - 50p for Canada plus 10p for Serenity?

Some inevitable profit taking as reach 30p. Surprised at how few comments here - I3Energy seems to be under most peoples radar. Sightly disappointed that with almost 4 months of the year gone hasn't announced a share buy back or increased dividend yet. Having sold a few at 20p think I will hold for 40p!!

WH Ireland New research note -usual caveats apply but convincing arguments : "We are increasing our fair value estimate to 47.5p (from under review, previously 37.6p) to reflect i) higher commodity prices ii) a modest increase to our expected 2022 production numbers, iii) lower forward looking cash costs and iv) the fine-tuning of a host of assumptions in our financial model relative to the company’s final results. "

i3 Energy - i3E has performed brilliantly so far this year, but hope and expect has further to go. It is providing a monthly dividend from its Canadian Gas and oil reserves and has an exciting North Sea prospect which will be drilled later this year. EOG have bought a 25% interest in the field by paying for 46.25% of the appraisal well cost. I have a holding in I3E but not EOG. Do your own research.

His Russian paymasters are very appreciative of his help in destabilising Europe and damaging the British economy!

Closed 1st April 20.7p, 8th April - 7 days or 5 working days later closed 27.8p -a penny a day helps you work, rest and play or something.

Old New
07-Apr-22 Canaccord Genuity Buy 28.00 38.00 Reiteration
11-Jan-22 Canaccord Genuity Buy 27.00 28.00 Reiteration