The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"However those on heee that do not seem to mind have probably been invested for less than a year!"
Maybe true of some Growler - but I bought my first tranche in June 2011 @ £1.52. My average today is 18p.
Perhaps I had a better understanding of the risk, in those elephant hunting days, than you did. That comes of now being in my 5th decade in the industry.
The risks today are very different and much lower magnitude.
And what about the accumulative freebies they have had over the years?? Is that not an incentive? Year after year after year they have been awarding themselves for failure. If this was an isolated award and they hadn’t taken any for a number of years I would be less concerned. However those on heee that do not seem to mind have probably been invested for less than a year!
Well said. I also agree with the earlier comment as well around sincere gratitude if they deliver. They will have mine too.
A management team heavily incentivised to deliver over 23/24 and 25 is what we need. They only receive the award if in office and the vesting is evenly distributed over 3 years - , therefore things have to be broadly on track over this period.. an accretive share price is materially in their interest..
My view is this aligns them well to shareholders. I have no problem with this, in fact I actively encourage it and feel quite upbeat about the effort and life they are going to no doubt relentlessly commit to delivering the best possible outcome…
AIMHO
I think some chill pills are required.
"The freebie options are unnecessary at this time. They could have issued further down the line once strategic objectives had been accomplished."
The freebie options are part of their contractual compensation package. Timing will be as defined in the package.
You will have to wait until only 8th Sept for a major update. Relax, enjoy the summer and perhaps like me trade the 18p-20p range and bring your average down.
Life is good. Char will make it better if you are patient. IMHO
FWIW, I (don't know what happen there) .....
FWIW, I also think that first gas by 2024 is stuff of dreams. There is a current issue of supply and demand around logistics for O&G ..... Costs are rocketing, parts difficult to source, lack of steel, unless CHAR have actual long pre-orders in place, there is no way that first gas will happen in 2024..... without the FID, no orders will have been placed and competition is ramping up daily. The only way CHAR will get close to that deadline is if a major takes us over or gain operator status and go all out to make it happen. Money will need to be thrown at this project of 2024 is a real target.... imo
aimo & dyor
CeoB,
The timelines I referenced were those issued. By chariot.
Jimmy
FWIW, I
Just from all the posts below, some tongue in cheek (mine included, I don't actually own a baseball bat) it's clear news is needed and holders are becoming fed up. The freebie options are unnecessary at this time. They could have issued further down the line once strategic objectives had been accomplished. Unless a quick takeover is on the cards I wonder.
Phew! CEO is still alive!
Night night
16 months to develop a field that hasn’t been designed and with no legal agreements - Jimmy u r optimistic. The MOUs have as much value as toilet paper. I hope I am wrong. To see your timeline, we need to see lots of news come out by the end of this month.......all there is at the moment is tumble weed.
Icb888, I agree about Tony blurr and Gordo, but that is not the point. What’s Morocco government like? With energy bills doubling again next year, how many Sri Lanka’s will there be? How are governments going to manage this?
I agree with Jimmy CEO. Sell up buddy. Buy some lloyds. They are starting to pay dividends. I doubt it’s relevant to you and as imo you talk too loud with very little skin.
If you think any Conservative PM is going to pay any attention to Gordon Brown in the Guardian you are deluded and are very far removed from reality. Gordon Brown was a disastrous Chancellor and PM. Selling our gold reserves at a low and destroying Equitable Life are just a couple of his many acts of incompetence. He also worked alongside probably our worst PM of all time Tony Blair (don’t get me started!) Your deramping gets ever more tedious.
CeoB
I disagree with your analysis.
Firstly chariot have stated that they expect first gas by end of 2024
Secondly to go from an appraisal well result in January to a final investment decision within 11 months is extra ordinarily fast.
Finally the higher gas price it’s what makes this opportunity so attractive along with the very low risk exploration potential. The higher gas price occurs not because of a recession but because Europe and uk have decided not to be dependent on Russian gas. If you expect Europe to increase dependency on Russian gas I suggest you sell your chariot position.
Jimmy
CEO
Please hang in there . We still have lots to gain!
I am praying for you!
If I sell on Monday I will have made a 50% profit. Do i trust in this bod? Nope! AIM are full of sharks in disguise. When it looks too good to be true it normally is.
£1 is still possible but like I did this week trade when you can to soften any blow.
and if they are thinking about it in the uk, they will be thinking it else where
https://www.nationandstate.com/2022/08/12/former-uk-pm-calls-for-energy-utility-nationalization/
*Long
pro, you are spot on. had the issue with ukraine not arisen, it would be hard to get excited about the gas find. they have been fortunate. however, their luck will run out if they don't progress this. oil and gas prices have always historically dropped when coming out of a recession. because adonis has been sat on his thumb and not progressing this development in a timely manner, the earlist date that this facility will likely see light of day is 2026 which will likely align with the end of the recession and lower gas prices. the other matter which would negatively impact the SP is if there is a peace deal between russia, ukraine and europe (which we all hope for).
the green fairy gas is nothing more than mutton dressed as lamb. all it amounts to is desert real estate that has no agricultural value. they aren't even providing the solar panels or wind turbines where the real money is. i don't attribute any value to the sp regarding these activities.
chariot's last raise was appalling - it would have been justifiable if they were using the funds to drill anchois again to add more value to the field by firming up more reserves, but it wasn't and explanation still remains vague as to what the money is going to be used for.
all sizzle, but no steak so far.
We live in hope Jimmy!?
You’re posts are generally well informed and backed up by significant expertise in the industry, and the majority of us look forward to your input, I certainly do.
But let’s keep a level head, there is no guarantee here, it’s AIM! We have had a fund raise, then the CPR, and now bonus shares to the Directors (I’m fine with that), but this has not really helped not suffering holders, we want to hear resilient news, farm in/farm out whatever. There is a risk of to significant holders dumping investments, and taking profits, which as its AIM will kick the SP hard.
AP and Co need to feed us soon, I’m surprised that we havnt had a significant market update.
I have said before. Until now management have basically done nothing ( that we can see). Gas in the ground is a fact not skill.
They have to earn their freebees by doing a good deal.
Again they are Lucky with Putin etc but if they do a good deal i will not mind the freebees. Otherwise....
Let's hope so, Jimmy - sasa.
Yes we could do that but it also useful to discuss how aligned they are to generating a return for shareholders.
They after all, well remunerated with 21million shares at nil cost between the three of them at year end and also over 1 million dollars in pay and bonuses. Is this appropriate?
Wake up!! You are invested in an aim stock!!
Sell up if you don’t like it !!
p-ss take...nil cost options is corporate abuse
I will bring a baseball bat on the 8th September. Hopefully I don't need to use it.