The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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No wonder PMG is wearing the yellow jersey today.
Still ludicrously undervalued at this price. The UK tax losses of £188M alone must be worth more than the current Mcap.
At least there was clarification that Skerryvore is an exploration play, and good news that the CoS (even if an internal figure) is 40+%.
Let's hope not Bitethebull....Pitreadie was purchased in 2019, and they have been working on 'studies for a wind farm' there ever since - just over four years. No planning permission applied for, so it is years away yet, if it ever happens.
The site(s) was purchased from TC's wife with a half built house she was developing at the time included..
A solar farm in Scotland is not going to set the world alight is it..
PMG have 7.5% of the main producing well Diever (+ the new LDS-1 well for which production figures not yet available), 15% of the others. Possibly an undivulged royalty payment on Diever/LDS also.
Net to PMG in August was 222 boepd.
No mate,just got the original holding at 22.80
Just sold some PMG at 18p,bought last week for 12.70p……..Xmas pressies done!
Holding the rest till 30-50p and £3-£5
Hope your adding plexus pos
Never out Buzz
Hope your ok best mate
Could we see 22p by close?
Looking good,silly cheap till 30p!!!!
GLA
Hope you’re back in Scott/Castle bestie
Sunak to scrap tax ???
No brainer
Looks very cheap with the added bonus that decom costs are all but finished
Would have been 17 mill or more .
Add that back on for starters going forwards
Then some real news by end of month
18p by close.....
So 3000 bopd approx is 240000 x365 is 87 million a year what am i missing pmg get a percentage?
Great margins on the business so well done loyal PMG fans here but......realistically this is a very $mall company with yes big aspirations. I might reinvest when there is firm news on Skerryvore and a kinder UK tax regime for oil and gas companies. Right now I am not sure it is a takeover target for anyone other than the kind of carpet baggers who grabbed HUR.
Are the proposed Pitreadie wind farm and the proposed solar farm not the two " company making "deals T.C. was referring to?
Not sure I would be topping up my holding just yet. There are other oil stocks out there for a quicker return possibly !
New Dutch field now flowing. Details to come.
I’d argue that they were in profit for FY23 after normalising for decommissioning and non cash impairment. However, Gas prices today are less than half that of the average for FY23. Which begs the question, are they on track to be profitable in the current period? Probably not as operating profit will be nothing like FY23 but admin expenses will be similar.
Crazy cheap and £168 million in tax losses. Plus Skerryvore and dutch assets. Plus Gamma. That would put a spark on the share price
Is the group really in profit? Doesn’t sound like it to me…
All on track,positive RNS,cash alone should put us back into the 20s,with assets into the 30s!
TC doing what he does best without risking our money,I’m happy ….
20p today….GLA
For £15 mil mcap. But still waiting for the 'transformational' deals that TC told me were on their way. Hopefully we also get flow rates from new LDS well soon as this could easily double revenue or more. Think he said by end of month. Chance to buy some more
Bob
You forgot to say they are in profit .
Oh, another no news about anything announcement. No progress on Skerryevore, no NL flow rates, no wind farm plan...more of the same..
Castle ?
Hope you are well and adding this week
Tom and team are doing well, making huge gains
Are you home
When is agm
Best mate