Show Notes
Another interesting week. I3 Energy (I3E) announced news which appears to have confused many. Key point is that the warrant and management option strike prices are being reset to the nominal value of I3’s shares (£0.0001/share), which means that the I3 equity is being deemed worthless.
The Canadian acquisition and any future North Sea activity therefore is of academic interest only now to existing shareholders. You can perhaps see why a well-known group was pumping I3E so hard before the suspension, trying to get the stock away.
As expected the TomCo (TOM) “short squeeze” ran out of steam and the price has retreated significantly. Next up here will be a new placing. Let's be clear, associated company Petroteq ($PQE $PQEFF) is a promotion. No one is expecting it to achieve commercial success. The purpose of its announcements is to sell shares.
Listen On
Also Listen
-
Ben Turney, Chief Executive Officer of Kavango Resources (LON:KAV) talking to Zaks Traders Cafe
Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploratio -
Mosman Oil and Gas (LON:MSMN) CEO Andy Carroll - Progress at EP 145 project, with Govt approval
Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk w -
Zak Mir talks to Bernard Olivier, CEO URA Holdings (LON:URAH) Production Begins at Gravelotte Emerald Mine
In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, dis -
Oracle Power (AIM:ORCP) Shareholder Q&A Q1 2024 - Zaks Traders Cafe
Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest qu