The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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BuckEye: Be assured Falcon has had access to some of the most knowledgeable geologist in the NT - i.e. Dr. Close. I'm not so sure Hungry can be hung on Gabor - from what I have heard Exxon pretty much ignored Falcon's location and drilled where they wanted to drill. SA from what I know is the best shale acreage in SA - its the corrupt government that was the problem there. I don't know the history you have with Falcon but POQ actually headed up a group that tried to work with the government for a fair working agreement - the SA is just too corrupt to deal with - I heard they wanted an 20% ORI for the government itself where the interested companies felt 10% was the max. Others on this board probably have a better history with SA than myself.
I'm not pushing for video conferencing for the AGM - nothing there to present other than a vote tally announcement and the corporate presentation which will be posted to the corporate site - Better talk to BO on that one.
Christmas in Germany - My daughter lived in Munich for 8 years blessing us with 2 & '1/2" grandchildren so I spent a lot of time in that region - Munich is a beautiful city - I can't think of a nicer place to visit. With the Bavarian Alps. the Münchner Eiszauber (city ice rink) and the wonderful Christkindlmarkts (Christmas markets) Christmas season is magical in Bavaria Germany.
Impress might have been the wrong term. Without reviewing notes from the very beginning, I recall that he was responsible for decisions pertaining to both Hungary & SA. Neither have worked out. Additionally, I'd probably use an experienced geologist with Bakken background, since there are apparent similarities with Beetaloo. I'd also assume Falcon should have access to professionals from Gazprom, since it serves their interests as well.
We're ALL interested in the drilling & data produced. That, along with good negotiating skill, will determine what Falcon's shares might be worth.
I'll let you or B.O. recommend POQ utilize a video conference. You appear to have a much better relationship/history with him than I.
BTW: XMAS in Germany is surprisingly a worthwhile trip, considering it's winter. Took the family in the mid-90's. Looked forward to skiing the Zugspitze, but had to wait days for sufficient snow. When I finally rented my skis (indoors), I found a near total fog/whiteout. 2 runs and gone. I much prefer Colorado's mountains.
What has Gabor done to impress me? I didn't say I was 'impressed' with Gabor - I said he plays, as geologist, an important part of the Origin Farm-Out. Someone questioned why he is even on staff - I went through that in my previous post. He seems like a nice enough guy - like most geologist we will know his true worth after the project is completed. I might add that Falcon has input into this farm-out but I suspect it is more a partnership than a dictatorship with Origin. :^)
Give POQ you input regarding your thoughts on the video conferencing - see what he thinks.
Many of the questions on this board don't interest me. I'm more interested in the drilling/success of the next four wells. Those are the biggest 'questions' that concern me in this investment. The answers to those questions will take time so I am quite comfortable in waiting and seeing them play out. Nothing we do here on this board is going to rush that process.
If it weren't winter (Christmas) I would be making the trip with you. Last year I worked in Scotland and London on my write-off vacation but then it was held in early November. This year I was looking at Munich and the Christmas markets but other things going on took precedence. Once this is over, assuming success, I'll join you in a celebration party - where ever that might be.
Of course most investors on this board are Falcon oriented. Being in the US I invest using FOLGF.
Still a newbie to this site and somehow while writing this post lost my comments. Hopefully, I'll learn moving forward.
First, the majority of posts continue to be constructive, but this is still a speculative stock. It's fun to guess the eventual takeout price (obviously the 30% Beetaloo position allows for optimism, but it's been an extremely lengthy wait for a payoff).
Darnit and BO: Agreed. This is a manipulated stock, especially when it is trading in 3 different markets. Some days Falcon 'trades by appointment' on one, while trading a few hundred thousand on another. Both POQ & now Cenkos should absolutely know, who and the number of shares overhanging each trading platform. The largest listed investors & SweetPea all had millions of shares and I don't trust anything in which Bruner participated.
BO: You're correct. With technology today Falcon would possibly spend ~$15 to have up to 100 participants on a Skype video conference. Hence, there is NO EXCUSE for all BOD members not to participate in the AGM.
Poods: I understand & appreciate the reason you thought a reverse split might be good in Falcon's case, but I previously mentioned my experiences with reverse splits have not worked out well, especially when attempting to maintain exchange status for lower priced stocks. Decades ago, trading issues of this ilk in wire houses required marking any buys 'unsolicited', after receiving management approval to input the order. Also I never accept the trade prints as accurate, with an issue of this price. Therefore, you and others hoping to pick up additional shares near the day's low, shouldn't feel bad. Until we learn who and how many shares have yet to be sold, you might still get another opportunity at a lower price.
WW: Agreed: compensation and final take out price are totally out of our control. Totaling all shares represented by posters here, we have very little influence over the major shareholders votes. What has Gabor accomplished that has impressed you? Is it his work on Hungary? SA? or Beetaloo? The brevity of the AGM is not an excuse for any board member to miss an opportunity for a video conference call. They are also shareholders and should want to make an appearance. You appear to have POQ's ear. Although I read that you won't attend, why wait for the AGM to get answers to the many questions posed on this board? If it weren't winter, attending the AGM would provide an Irish vacation write-off. I'll opt for a successful Falcon outcome and travel to the investor celebration.
Finally: Origin is 70% owner of our Beetaloo stake and is a much more stable investment. Which shares are most popular among posters here?
Enough for now & continued good luck to all.