The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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cc - thanks like a bit of lazy investing these days !
Mr C - Aims great but you either identify early and hold then sell and walk away, or you dip in and out on the cycles, build a data base and milk them shares ...
If you want some lazy investing clear an isa and from £20k put £5k in each of these .... OTAQ, COPl, BMN, and irr ( im still loading another one as well to make it 5, clue its not casp ) that will be at least £40k next year imo when you go to sell them and reload for 2022, whatever the rest of the market does they will be ok ...
cc - thanks I am trying to extract myself from AIM trading altogether but stumbled into this where I saw you could make fairly decent cash from a relatively small sum !
quadruple ? I think it could potentially do a lot more, depends whatever they put into it ...
If u want a safer one with less growth potential but more security then look at Otaq, I really like that, theres a bag or two looked away for 2021 and 2022 and 2023 should see it either rapidly grow its profitability and if i'm right has the potential for being bought out, due to its new disruptive technology coming into the market.
Hi Mr C - it was hard to ignore ... let the placing churn, I believe there are groups on twitter and telegram set up for it, if that is your thing ... if you don't need the money for a while i would genuinely leave it to bake for 6 months then have another look .... wait till whatever it is , is RTO'd in then check .... should give you a big smile.
CC - Yes RDGC is a super-punt !! I have about 230k shares but these could easily quadruple I think !!! So I was right in saying you look at a lot of stuff !!!
Anybody hoping for a deep success in the near term is going to be disappointed. The last RNS was poor and unless there are games being played re miscommunication then i see very little chance in the short term. The BNG charge resolution and the poor domestic oil price are definitely factors to limit production and maybe truthful reporting, anything is possible with this bunch.
The commentary on A5 was disappointing and to consider another side-track, why ? They've failed 3 times and the stuck PIE at point of side-track re-entry is allegedly the issue. We are really in the dark on the deeps and i'd prefer them to carry on with MJF and drill the additional 800m to the Devonian to qualify in or out.
Regardless of deeps, the fundamentals support a higher sp but confidence, lack of trust leading to poor sentiment are all factors holding it back .
Bad news for me would be no deep, no tax deal and decline in mjf.
CC, depends on the news obviously. Worst news ? take your pick, Private, going concern, sale, problems with authorities, MJF not producing, Clive still spending the pie budget.
I was encouraged by the fact that the authorities allowed them to export more, if add odds then I don’t believe that would’ve been offered. Nobody knows the outcome of the appeal trial yet, probably delayed but just that, agreed licence deferrals and SY back in production is enough to jolt this north rapidly without any significant operational news.
We know all the other opportunities but more cash in the bank and acceleration of MJF project will give a healthy return. Suppose that’s why we’re still here and hoping to take advantage from a depressed share price.
Mr C - Hi mate, yes took it b4 the recent suspension, its looking good in the last two sessions since reinstatement, tomorrow should see the overhang churned through and SP to move up fast, whenever it is done it will pop, placing was 330M had a couple of circa 400m volume days, add in the pre selling that led to the suspension and the 120m and counting Tr1's and it looks very nice and ready.
Kumkuat - bad news and maybe 1p I think as many will capitulate on the London side.
cc - Question - I know you look at a shed-load of stuff, are you looking at RDGC ?
CC,
Yep, pointless looking to average down pre news. I’m hoping that this time is different, not an opportunity to sell and reload, the start of the road north and to build the pot knowing that the fundamentals actually support the sp.
Bad news and back to 1.5p but the loosening of the export ratios suggests that maybe they get some traction on the regulatory front, let’s hope so.
Kumkuat - each time an update is due the MM's tend to bump the price and increase the spread with casp ... in times gone by, you would get whispers that an update was coming then spread would move etc .... when the price was higher i'd be selling now and rebuying after the RNS ... not a lot of point down here.
Uncertain,
The bid has strengthened and 50-375k online at 2.36p and max buy of 150k @ 2.59p, some spread and great business for MMs. Yes, agree that you've got to be eager to be selling/buying with such a large spread, smells like news could be imminent.
The deeps and other projects ie 3AB, Devonian or a shared deal on an exploration project with the CE, these will provide the sizzle and serious upside. An advantageous regulatory update would kick things off, that together with a refund would be nice. Follow up with SY licence award and a new timeline for shallow development, many bags to be had. Then on to the serious matters to provide the razzamatazz that we first saw on the A5 discovery. The downtrodden Roxi/Caspian investor, able to dream of a positive future, who knows.
Actual buy and sell prices are really close to the edge of the spread, which is unusual, particularly for such a wide spread. The people who want to buy really want to buy, and the people who want to sell likewise.
How long can the MMs keep this up I wonder?
P&D ? I expected to see a sell off today so nice to see otherwise but the spread is a joke and the bid is still 2.3351 to a max of 275k online, slightly weaker than earlier today. I still think we will see more dumping pre news but wouldn't it be nice, just for once, to get really positive news and long suffering shareholders can revel in some positivity. Many bags to be had starting with the regulatory bits with many snippets to follow. Personally i don't see a deep flowing for some time but maybe a game has been played as a result of the BNG charge and domestic oil prices. Maybe wishful thinking but all will be revealed soon.
Probably in March then
Uncertain, the RNS stated later this month. I did email Casp but had no reply, no shock there lol
I now see that the basis for the closing price yesterday was a single after hours modest sell at 2.29.
Strange that the after hours large purchase at $2.75 on Friday didn't get recorded as the finish price then!
Early trade diffident and uncertain as people try and work out what is going on here. Sales are quite small and tentative. Purchases a little stronger and more confident.
RNS Thursday perhaps, although I suspect it will depend on the date of the court case. Does anybody knw when that is?
Well if this is a P&D, then a major hike in the oil price in the middle of it should put the cat among the pigeons!
It seems to have been enough, at any rate, to persuade the MMs and the LSE site that the halfway point between 2.3p and 2.6p is in fact 2.45p and not 2.29p as they seemed to think yesterday