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I am no expert but seems based on certain price thresholds we get a kick up or price falls. Anything on the front months Crude Oil WTI

Mid 9’s today and back to 10’s tomorrow…..

Better day today folks…..really oversold at the moment and focus on Oil next year should help 2H…..news out of the US better and let’s hope China sees a turnaround.

I expect some opportunist buys near the end of the day at this price.

Should be back to mid 9’s by close tomorrow.

Agree Tony sensible given the situation and then capitalise 2H and revise plan. I would not overpromise and underdeliver but as long as Divi payable it’s good and they are covered.

Thanks A20 at these prices though a two year low it’s severely oversold and will need to correct soon. People will start buying in for the dividend at a silly price. Revenue hit should already be factored in so fingers crossed we are bottom at the moment.

It won’t stay here for long. Oil set to rise next year and most of the profit comes from oil….some good news would be welcome soon though!

Tony - Like I said I agree with much of what you say. The “barrage of bad news” was Serenity, No CFO, the dividend cut, then the share options, and at times when if they were more strategic it would not be so impactful. The saying “death by a thousand cuts springs to mind”. When there is a release it’s always coupled with negative news. Managing expectations is Mgt role.

Having said that the recent presentation was very good so credit for putting that on it’s important to connect with investors who will appreciate the undervalued stock.

Good bounce today so happy there is some claw back for the folks here!!

Tony and GGG I appreciate both your commentary and both given different perspectives which is valuable for the less learned amongst us.

I am a long term investor in I3 and have been since May 2022 so it has been an emotional rollercoaster and I am deep underwater.

I agree a lot with GGG management have been very poor. Timing on their decisions has been very bad and it’s been a barrage of bad news from them. Always seems to impact SP negatively.

Having said that they are not the only company rock bottom (or a bargain). TXP are a 2 year low and all players are suffering due to Supply >Demand in oil where we get 60% of our profit. We have been over sold without doubt. Even at this price Dividend gets paid I believe.

Good luck folks today will be a better day.

Thank you Stas👌

Suprised please forgive my ignorance but what do Zeus do? Why would they be visiting the site is it risk insurance or are they a bank appraising the assets for investors?

I agree. Why dilute the shares with the LTIP and suffer a fall. I think if there is cash to spend a Buy Back makes sense at these levels. Large companies will do this when the share price is attractive.

CFO needs to start to get his arms around this price and make some decisions. These guys are paid a fortune and surely have some levers to pull.

Thanks PanamaPete

Folks a good day today please. Good luck May the force be with us!

“34% and an ask price of 13.20 if the above section on this website is accurate...“ this happens every morning not sure why but don’t believe it’s got any significance. Hope I am wrong.

Good news Oil back on the March! Let’s see if we start to see a correlation tomorrow. A couple of days of good news will be a welcome Thanks giving treat.

“Oil prices tumble as OPEC+ delays meeting amid infighting” this is not helping the SP. I think given futures are in flux money is being moved from O&G elsewhere.

Confident money will be moving back here in due course due to the bargain basement price but begs the question on the mgt team how did

it get to this state from the highs of June 2022.

I thought we bottomed out around 11.8p and at that time Mgt were determined to keep the SP higher by buying up. Now we hit

Agreed fair enough it’s standard practice for a share scheme and a great way to retain talent. I think the problem is timing was very poor and they did not discuss in the prior quarter results. Very poor management.

I agree the CEO has to have his feet held to fire. It’s his job to manage expectations in the market and create confidence in the company but failing miserably.

In fact I suspect he has created a culture internally which staff have not wanted to stay and motivation low will have impacts on operating results in the long term so share scheme is effective to retain talent by why now? Again reactive probably. Naive management team which were running without any governance last year and the impact being felt now.

New CFO cleaning up the CEO mess🤔

Share were recently bought by the CFO so I guess they are simply out of ideas to raise the SP.

I am not sure how they could be manipulating this so much and why. Remember it went up very recently and flipped back very suddenly.

Agree Stas even when oil is up we seem to lag and next week we could venture below 10 which would be outrageous.

“Or even just sell the company.”

Here’s hoping!