The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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TIB
THKS VM - appreciated and helpful.
Cheers
X
There will be a pivot point when these non fundamentals based sales reach bottom and full realisation of the EA approval and all that entails wins through and positions taken for next development towards what is a 100% drill going ahead, that isn't really 100% believed by market yet, despite all evidence.
SP presentation shows next news we may expect , slide 13, first deliverable completed on EA
1. Environmental Authorisation - tick
2. Insurance policy placement
3. Rig contract
4. Close out capital strategy
5. Equipment mobilisation in port
6. Rig mobilisation
7. Farm-in progress
Farm in could be any day
not sure drop in oil price alone . other shares I hold that not oil shares ,has been sell off for 3 days now ,even though don't know how long sell of will continue personly going to hold on to my shares
The losses we see today are in my opinion purely based on the drop in oil price. Its been its lowest (oil price) in a year and this will affect BPC for obvious reasons.
Hi Tatty.
BPC - EYTAN AND SIMON have said on several occasions that the drill is economically viable with oil @ $30 a barrel. This was when their estimated cost of a well was $100-120 mio.
Obviously with drill estimate @ $25-30 mio that has to be lower now.
Plus oil extraction is forward looking.
Do you really perceive the Corona effect to last for years?
X
The reason is because there are/will be about 0.9bn shares to offload at 3p. These need to be hoovered up on news before the shares goes back up. Come back in the 3rd week of March.
One should perhaps be more concerned about the falling price of crude oil. The will be a minimum price belle which extraction is not economic even if substantial reserves are found. I think thill get worse before it gets better so I’m out.
No reason for 20% drop just pure greed on mm. My ither stocks a few % down. What a joke