The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Wow, a rather positive response :-) Thought I'd never witness this :-)
In the mean time, over 5% of shares in issue have been traded since placing, I hope an update follows in the coming week or 2, that would help shift shares so that it has a chance to move up on positive news or in the build up to Total's drill.
Geowiz - I think the "glass being empty" might also refer to you not holding GBP shares & being a persistent bearer of doom & gloom as far as Global Petroleum is concerned. Well, you've been wrong about Global "running out of cash", let's see it you can double up on being wrong on the "license extension".
"A braver man would take a punt before Total spud ??" Correct....the likes of Jimarillo, Marmited, myself (& family!!) et al have !!!!
Have a good weekend and stop worrying about shareholders losing money on GBP shares.
My Glass is not empty Marmited.
If these guys pull of a 29 extension and Total make a discovery then I’ll take a punt. CHAR is going OK, oil could be $70 by next Easter who knows,, so if 29s in the bag then the Peters will be geniuses and all will be forgotten. Let’s see. A braver man would take a punt before Total spud ?? Have a good weekend
Totally agree Investor! Have a great weekend all!
Now that we've got over the "running out of cash" issue, the focus is now on the license extension, once we get that over that, we have the luxury of the Majors doing the "heavy lifting" in 2020/21. Let's not forget what happened in September 2018 !!
The capital raise has been on the cards for months imv, that's why I reduced my family's GBP holdings in the last month. I'm now waiting to see where the price settles before deciding on whether to increase the family's holdings.
GBP - an AIM listed, wildcat explorer.....not for widows or orphans, or for that matter, Geowiz!
GLA
I would say we currently sit somewhere in the middle of the two and the company could go either way, this will become more obvious in the 12-24 months ahead. The millions we had as a buffer have evaporated over the years. I would say which way we head is dependant on other drills in the region. That has always been GBP’s issue, totally reliant on bigger fish and others due to lack of funds to progress.
I second that Marmited.
The thing to remember about Geowiz is that he/she does not own any Global Petroleum shares, I can't understand what his / her motivation is for continually posting.... you would have thought that he/she would have better things to do with their time.
GLA.
Think it’s a bit harsh calling him a ramper. Rampers turn up for 5 mins then leave. He is a long term holder (longer than me) who is absolutely totally focused on GBP and pretty confident he just wants this bloomin companies assets prodded with the drill bit. We have the two extremes, Glass full - Jim, glass empty - Geo. Neither make any difference to the share price or fortunes of the company.
94 has no chance for all the reasons previously mentioned
They need to get the 2 year extension on 29 to retain any hope. And if 29 is relinquished I suspect Panmures clients will be asking terse questions about the note.
For what it's worth I think you're probably right Marmited.
If GBP's managers were in talks to sell the company outright then they wouldn't bother suffering such huge dilution for a paltry £1m, which is barely enough to keep the lights on throughout 2021. There's almost certainly no merger/RTO on the way either.
In PGS' Q2 2020 Earnings release the company wrote off another $25m of their investment into the Azimuth Group. Azinam almost certainly has no money and no ability to complete an RTO with GBP, no matter what Jim dreams in his little bathtub.
Speaking of Jim, our resident ramper is surprisingly silent since his screwy speculations were proven wrong and his fabled investment at 0.9p sank underwater...
The only thing likely to boost GBP's valuation in the forseeable future is a farm out. I suspect that they are desperately buying time and praying for success in Total's upcoming well.
Indeed! All about 94 is the way I see it as well!
Well, finally we can settle two things. We are not about to go bust and we are not in ‘talks’ for a possible farm out. The raise wasn’t the best or the worst but those warrants will create churn down the line. If there is solid material news that churn would be dealt with relatively quickly.
My take, It’s ALL about PEL 94. It has the all important 3d, the desired Aptian/Albian prospect depths, sizeable prospect at almost a billion barrels best estimate but also additional smaller prospects such as Marula and the lead Sandstone (these two were thought to be 1 prospect initially.. Marula) A successful drill on Welwitchia Deep, passing through the Sandstone lead materially de risks Marula, Gemsbok, Lion, Dik Dik prospects and also the Chloje lead let alone the additional potential to the west and to the south east corner of 94. It appears the prospects on 29 are now follow on targets reliant on success at Welwitchia Deep and hence the change in wording within the RNS, prepared to farm out 94 rather than both combined.
Brupadda has increased the COS of Luiperd to a whopping 80%. It’s easy to see the CoS on Gemsbok etc rise dramatically too without the upfront commitment of expensive 3d. These prospects would however become irresistible overnight on any W.Deep success.
Asher pointed to Welwitchia Deep as almost drill ready, it is way ahead of 29 so let’s hope someone takes the bait and goes for it and thus brings the multi billion potential in licence 29 into play.
1.5m buy went through on Sept 16th @ 0.925
Chunky buy quite a but above placing level, anyone here to claim that one? Wonder if he/she has more fire in the tank!
Why is 94 a no hoper?
As a previous poster suggested, there’s nothing for the Namibian government to gain by not granting an extension on 29 + GBP states they will still be conducting more work on it, hope to get an update on that soonish...
AO, Another day closer to December and still no news of an extension. If 29 is relinquished will the new investors get their money back? I just don’t get it, who would put money into a company that’s about to loose 80% of its booked resources. 94 is a complete no hoper so there must be something going on with 29. I see the CEO actually reduced his stake so clearly he’s not convinced. Problem is if they do now announce 29 extension the existing heavily diluted shareholders will be a bit miffed I suspect. What a mess.