The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes, I agree the change over problem is enormous. I don't think that even the climate change protesters know how enormous the problem is. Close down this, close down that, and then wonder why their food isn't arriving on their plates. Criticise, but offer an alternative solution they don't. Governments up to world banks need to move now.
China has 50,000 electric buses, but how many tonnes of CO2 have been produced to manufacture the batteries. Probably around 1.5M tonnes. CO2 breakeven compared to diesel is years away. And then you start all over again because 'cheap' vehicle batteries deteriorate after a few years compared to much longer life industrial betteries.
tinlode I share your enthusiasm for hydrogen, no mining tons of elements out of the earth and later disposal issues, however peak oil has not yet arrived so plenty of time for oil & gas yet, but agree now is the time to get into the right company even if payback is years away.
might need some confirmation but below is interesting.
electric vehicles how big % growth that masks the volumes, three new cars this month at near neighbours Range Rover, Volvo & Audi ( oil company pensioners and workers) all diesel.
https://fee.org/articles/41-inconvenient-truths-on-the-new-energy-economy/
https://insideevs.com/news/367137/july-2019-plugin-car-sales-europe/
And to you Smokin.
Can't go wrong with bricks and mortar tinload I'm happy there and in 88e for now.
All the very best
Thanks Smokin.
Sentiment for oil has taken a dive (and will probably continue) but I'll still look in here occasionally. I see more future in hydrogen than oil across the board of all industries, so will need to get in early. However the government needs to get four fingers out to get things moving on infrastructures whether it be for electric, hydrogen, ammonia or whatever else will be suitable for individual industries.
Well played tinload, and good luck with Where ever you invest
'As I have said before Bits, why would you invest at the mo, with no activity until Feb next year. I would imagine most investors will wait until winter and go make money else where....FACT'
Spot on Smokin, there are many good company's shares going up quickly at the moment to offer a quick improvement. Just sold out here this week and MAY be back if things change elsewhere' and here.
0.025 of a penny every day ...you go steady pal haha
So to summarise,
The CR was successful, even though he failed to raise the A$10M.
Getting a Major on board wasn't in shareholders interests. Did he know this before or after hinting at a Tier 1 player?
Hoping the next drill in 6 months time will be the one.
As always, a coin toss. (applies to any drill, I3e recent appraisal well was 90% cos)
PMO have no interest in the HRZ even though they may return favourable data.
At some point the SP should stabilise, the bottom will be found, maybe now?
Possible strategy. Buy little, buy often, wait for a hopeful rise toward spud and bail before results.
GLA
He sounded VERY confident to me. A deal "four years in the making" "one of the best drill in 2020".
It might all be a con LOL!
You said it Jiddy !!
We'all all have to have a pint ( or 23 ) in the ole dart if (when?) this comes in.
Dave sounded quite confident about this drill in the podcast.
In a previous p/cast ( not Vox ) he said Charlie was the one he's been waiting for. JJ
Great minds think alike JJ!
MILOH, Bits, Ecuagold et al have been shot to pieces by the podcast, so all they can focus on now is the low SP, ramping and "rose tinted specs". It really is pathetic!
How about something constructive and factual, rather than all of the baseless negative bluster?
If you actually listen to DW's interview, all of the concerns and questions around upfront cash, CR etc have now been answered. You can tell from his voice, that he too is surprised and disappointed by the low SP. What is interesting is the info around the FO, the potential pay of Icewine Conventional and the mitigation of risk. We are getting a FREE drill on the HRZ without giving up any WI - that is terrific!
Let's revisit the Maths on resource potential for a minute - 468M barrels @ $3 per barrel when oil price was $40 = $1.4B/6.8B shares = 20.58c or 16.46p. That calculation completely ignore the HRZ resource.
GLTA genuine holders.
Bits, I really wouldnt keep the SP as a screen saver on ya phone it really will have you in Bits
Odiwh 06:59
On those numbers "USD 1B value against current m/cap of USD60mill" gives SP of 21-22c USD. ( approx 30c AUD & 17p GBP )
Very exciting re upcoming drill. In fact don't think I've ever heard DW more excited either _ " Let's hope champagne corks popping come April " ? GLATH Yeehah !
As I have said before Bits, why would you invest at the mo, with no activity until Feb next year. I would imagine most investors will wait until winter and go make money else where....FACT
Citeh
I don't call the SP ( in black and white for all to digest) inflammatory rubbish, if you do thats your choice. I don't wear rose tinted glasses, some on here do.
Sparky
Incorrect. The SP is moving everyday
South
Bits, when you gonna realise the sp aint gonna move much between now and the drill in feb, why would it? we're just farmers with a big wack off drill bit in our hands and some fancy seismic gear. The potential is what the share is about, as of yet it isn't proven so sp is irrelevant to me at the min. Marathon not a sprint mate.
Smokin
Check the share price in ASX
Fact
Thanks for posting welshy.
Totally agree flexmw, I honestly think Dave and the board have given a lot of consideration to the Shareholders when executing the FO deal. The answer to the questions all the naysayers are waffling on about are all there from the man himself......FACT.....
DW talks near the end about discovered resources being valued at $3 per barrel back when the oil price was nearer to $40 a barrel. With 488m barrels net to 88e he says do the math and you have over $1bn of value against a current mcap of $60m...sounds good to me. Good luck all, dyor. Let's hope the champagne corks are popping in mid April as DW is also hoping for.
The podcast was done yesterday but ********** put out last years podcast in error.
A good listen, answers pretty much all the questions being continually asked here, very positive to me!