The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Well I hope for some progress Anth, and one of the 50k buys today was me. ATB
Hi Phil,
I just hope that it’s not a rinse and repeat update as I’m really f’ing bored with the complete lack of activity and updates. Although I suspect the lack of activity is the reason for no updates !!!
Some of us have been here since before Darwin so it’s about time we saw some flies landing on this red hot turd. It’s f’ing gift wrapped for gods sake !!!
All the best to us all and have a good weekend.
I reckon we are looking at the end of May, there really should be some progress, we have RKH now awaiting their final decision, could be weeks, could be months, but I have a feeling H2 of 2024 could be interesting.
Atleast it’s a true reflection of the price as gus says,we would all rather this than volatile swings that don’t reflect the true share price. Right now when we move we know we have exhausted that level of share price and up into the next leg. 3’s won’t last long.
At the moment my take on the whole book is that it's managed/ manipulated. They can drop the bid/ increase the bid and do anything with the ASK which pretty much means they are playing both sides of the book. Nobody else is involved because there is no volume, no volume= no profit. However its good, because the squeeze is to force selling and when they are done, they will do the same in the 3's.
For what it's worth, they were SELLS. Sold just over the mid price, selling is somebody else buying and I actually prefer stocks going up by bidder action. Nobody cared to mention the 3.02 trades (300k) were also sells, very little buys all day.
They are buys. I was getting quoted the same price to buy. The quote was 2.3/2.98 at the time. Not 2.62/2.98
But at the time of the trades the quite was 2.62/2.98 so that surely suggests that they were sells. Moreover the second and third trades were done at slightly lower prices, which again suggests they were sales.
They were buys. As Market Dealer says. The timing of the trades gives it away.
I think they are buy cos the timing of the trades, have a look at the other trades before and afters....
I could be wrong ..... where is gus ?.....Cheers, ATB
MK they are sells mate, which is a good sign, they are having to pay more to fill a buy order they must have around the 3p mark. They’ve been on it for weeks so expect a monster buy to roll through soon.
I think they are ***BUY***...IMHO
275k trades ? Buy or sell ? The mm are playing it here....IMHO
MMs playing games again I see
Yes, and a drill rig suitable for BOR in the basin. Activity starting to pick up.
Interesting find POC.
I feel it would help smooth the waters a touch for the Falklands if they found 1 billion or so...
I'll keep an eye on that
Valaris D17 Drillship is moving down towards Falklands offshore Argentina arriving tomorrow to start drilling. Targeting 1 billion barrels.
Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina.
The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled in the country in ultra-deep waters. The well is expected to reach about 2,500 m in depth and 106 cm in diameter at the sediment surface. Drilling work is estimated to take 55-65 days.
If the presence of oil is confirmed, Equinor and partners are expected to carry out an appraisal campaign in 2025 to gather technical data including field size and potential productivity.
The Argerich project is operated by Equinor with 35% interest. Partners are YPF (35%) and Shell plc (30%).
No new news.
Very good news!
“In a positive spirit, both sides agreed to set up a dialogue to improve cooperation on South Atlantic issues of mutual interest. Both governments agreed that the formula on sovereignty in paragraph 2 of the Joint Statement of 19 October 1989 applies to this Joint Communique and to its consequences. In this context it was agreed to take the appropriate measures to remove all obstacles limiting the economic growth and sustainable development of the Falkland Islands, including in trade, fishing, shipping and hydrocarbons. Both parties emphasised the benefits of cooperation and positive engagement for all concerned.
"Macri administration wanted improved political, trade, culture relations with UK and Point 10 referred to the South Atlantic and the Falkland Islands, which made the Kirchnerites furious and were prepared to ignore it, particularly mentions of helping promote and develop the Islands economy."
https://en.mercopress.com/2024/04/22/milei-reinstates-ambassador-foradori-who-signed-the-falklands-2016-joint-communique
Ummm finally some movement maybe
NEWS PLEASE BOARD!!! Its deader than a dead place here, even more quiet than your data room........... Board, what's Bruce up to? Our business development manager????? Still developing his skills on Fortnite all day?
They did mention *Rig & Monetisation*.....Something is brewing...IMHO-DYOR
Monetisation:-
1. the action or process of earning revenue from an asset, business, etc.
"the network supports the distribution and monetization of online content to any type of site or device"
2.the conversion of an asset, debt, etc. into cash or a form easily converted into cash.
"the trust is actively reviewing the monetization of a portion of its assets to reduce indebtedness"
To be honest I thought monetisation meant, to turn it into money, which would imply a sale of the whole shooting match, but that is just on interpretation.
I think the mention of a rig coming from Nambia makes sense, but even so the mob costs would still be big for a high spec deep water rig. Navitas/RKH wouldn’t want to share an overspec’d rig, the higher day rate on their development drilling would knock their budget well over!
So either we need a sale or a partner with deep pockets, as the $200m budget for the rig seems a bit on the light / optimistic side to me.
Finger crossed something happens soon.
LTT
**Interesting comment by Malcy about the Namibia area for mobilising a rig, rigs travel globally and are long lead items. I wonder why he was specific about Namibia**
The BOD are trying to tell us indirectly, they are in talk for a rig/fpso....etc..
And it's coming from Namibia..,IMHO-DYOR
Interesting comment by Malcy about the Namibia area for mobilising a rig, rigs travel globally and are long lead items. I wonder why he was specific about Namibia....... In regard to farm in Buffit, the data room has been open for so long it looks like something from a Halloween movie with lots of cobwebs and spiders. I suspect every oilie who doesn't have Argentinian interests have been in and out multiple times already, I am hoping monetisation means us going it alone.