The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I think it may be worth just a little top up at anything below 2 but yes Larry is ultimately the thing that stops me. 2p would be attractive if it wasn’t for him. On the other hand any other CEO would never have let it slip to 2p in the first place!
Snort, too many times is the answer but it’s gotta pay off at some point. Goon, I have accumulated a fair amount of shares at various price points and seeing how ‘little’ it’s costing newbies to buy the same, is just sickening. Maybe I should double down...I just don’t trust the Board of Directors.
Jinx, how many times have we been bitten? I know 2p is a fraction of what all LTH's bought in at. It would be lovely to see it out of intensive care and back on the ward, but there is a long way to go before discharge. Hasn't your mental health taken enough of a beating?
Jinx. I was hovering at buying 240k @ .02ish. Could have been a rare good day for a quick profit buts that’s Just my luck with this one. Oh well I still have 200k @ 5p average.
Directors don’t need to buy as they have got themselves lined up with a peachy cash for shares deal. If this reaches a pound for example, they’ll have their shares awarded at around today’s price. Which is probably why they had the ‘cost-cutting’ excercise. Hey, wait...am I talking myself into chucking more money into this dying moose???? Save me lads, SAVE ME!!!!
yes lack of directors' buys is a problem for me
Lack of credibility for not having delivered for a number of years (since ENI partnership) would play against Chariot and the terms it can agree. Some deal should be possible though and the recovery in the oil and gas prices should help. At this very late stage, if they don't manage to do a farm-out (or other type of agreement) in the next 2-3 months, begs the question whether they'll ever manage to do something. But, best solution would probably be to put the company up for sale and for current management to resign.
It's probably a very speculative Buy at the moment thanks to the gas assets and the very low share price. Having said that, isn't it incredible that even at such low share price, reflecting cash in the bank, we haven't seen director purchases (outside closed periods, not necessarily now). Do the directors believe in the company or even in their own ability?
Snott, I remember when the SP was £1+ and we saw a few million trades every trade on a regular basis. There were only 200m shares in issue then. If you only compare the volume to the number shares in issue then 10m does seem like a lot but if you focus on the value of the 10m at the current share price of c.2p then it equates to around £200k, which is not a lot of money if you're suggesting that someone could be taking a position. A large investor only needs around £220k to buy 3% of the company today. You're right though, they could just be building a position slowly without moving the SP.
PM, 10 million is about 3% of our shares. That would be extraordinary. The drip-drip of buys looks like someone taking a position, likely just below 3% so no names are named. Our steadfastly honest MMs wouldn't help facilitate such a thing, would they?
I'm seeing quite large buys and sells to be honest Snott. We will need the volume to be 10m+ at this share price before we start getting excited. A trade of around 600k is only valued at around £12k, which isn't a lot even for most private investors. I hope that you're right though.
It does seem strange that we’re perennially having red days, yet the daily price never drops. Something is afoot.
Somebody seems to have been accumulating. There has been a pattern of fairly meaty buys (over 600K per day) in the last fortnight. They are either masochists or have the inside line on Lixus. I hope the latter but suspect the former.
Not today G !
Meanwhile another tumbleweed drifts by the Chariot office ....
Maybe all is forgiven.
Oh the irony! :D)
It matters not Goon, we’re on ignore, remember?
Really, what is the point in putting down a stock you are supposedly invested in? Obviously looking to get in lower. Obvious agenda.
Its been nearly 5 months since the "...we will be annoouncing partnering in the short term" comment by Larry followed by saying that one of the last two farmouts took 8 weeks and the other took 8 months from agreeing commercial terms to announcing the farmout. If this guy had any credibility left shareholders could pull him up on this after 8 months but his credibility has been shot to pieces many times over without any consequences. He has plenty of excuses this time around though - delays due to the covid-19 pandemic, partnering impacted by the drop in oil prices and global economies looking to transition to less carbon intensive energy sources has given LB plenty of reasons to cite for his failures. It will be interesting to know whether he has been working during lockdown or is being furloughed, there's a cap of £2500 per month for furloughed staff.