The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Approx from november i do expect price to rise from my predicted 2.75-2.99p now, to 4.00-4.49p due to improved financial stability and mainly due to oil price which will be this winter in 80$ area. No future rise from 4.5p can be expected due to company got 1 rig only its quite big risk which pulls price down also unknown situation on other things. Bonds,boats,water cuts
Someone is making good money on those moves between 3.1 and 3.5
I would.....LOL
we really had a brilliant start today, who would thought this will revisit 3.3
GD
Fair point, always happy to be corrected
But 2 weeks per annum is less than 4%
And historically the well is online nearly 100% of the time outside scheduled annual shut down
So substantive point still stands - if you were a competent, ethical CEO working for the company's interest, you would, as matter of normal practice. report any production level significantly above that budgeted for. Maris did not!
I think there was a gap around 3.20 on the chart which has been closed
Expecting a decent rally here towards/at the close of the day/week, HUR MCap is now clearly way too undervalued and oversold, DYOR.
That 9800 forecast asssumed annual average of 90% efficeincy or uptime. So the impact of the maintenance shut down in July is spread over the year, if that makes sense. Without knowing what actual efficient was in august you can’t really say how far above gross predictied it was, but looks more or less in line with what was forecast.
apology
error in writing
budgeted bpd was 9500 (not 9800). Hence 1300 bpd extra, hence circa $2.9 mill extra profit per month
All we need to do is buy, hold and be patient
Chaffe & Maris are still at it - big time
Though decent RNS, the glaring omission was a quote from Maris referencing current 10800 bpd exceeding August's budgeted 9800 bpd, ie 1300 x 75 = circa $97500 a day extra income (profit) = circa $2.9 mill a month extra profit not budgeted
any ethical competent CEO would be screaming this out in RNS - it is DEFINITELY material
the reason Maris didn't include such info as stand out point in the RNS was his reluctance to show/ admit how wrong he and fellow scammers were in Court - his ego would not let him
If the info had been highlighted within the RNS - SP would today be 4.0 - 4.5p. Certainty
Maris & Chaffe remain ultra dangerous
company's heading in the right direction even if the Friday market has decided the news doesn't warrant a boom day response, that boom day will come though as the free-cash/debt cross paths, a wall of worry
Mid October then for next lifting I wasn’t to far out with my guestimation
:-0
Maybe 4.5 p by then
4 hours to go.
Wonder if the US lads will add some steam to the recovery
Senseman
Agreed CFO and CEO need to go, I think they were only kept on for regularity reasons an stability. When the knowledge transfer has taken place these guys will be terminated. They have offered nothing, delivered nothing and nearly destroyed our Company.
When their departing is RNS and replacements made public, the SP will move up which speak volumes.
Very interesting times with HUR, I think the future is bright and getting brighter.
That's why a solid base at 3.20 is needed. Today is a day 3 of building a support around that level. RNS tomorrow morning should be a great signal to attack that 3.50, if that won't happen later today.
Brent now touching $74.30. Can it touch $75?
m1n3r
Give us a nod mate when those 3.5p blockers are removed...that should generate some interest
cheers and thanks for the L2 info.
From looking at L2, each day a sell wall gets created at 3.5 (many lots of 500k). You can infer motives for this, but I don't see stock going past 3.5 til those folks change sentiment/strategy or an RNS increases the volume of interested buyers.
Personal position: Holding 3M @ ~2.5GBX.
Apology
Meant CFO throughout (not CEO)
Schlemmy
If and could are little value words
Strip things to basics
The Chair & CFO are the natural negotiators in such circs, not two new BoD oilers
Do you think Chair & CEO nailed former best mates b/holders to floor re bond repurchase figure? Or tweaked it so that b/bondholder former best mates got highest figure HUR was prepared to pay?
Chair & CFO won't volunteer bodies up - cos they'd be volunteering themselves up as well. They will only offer up bodies if the 2 new guys or CA uncover enough leverage to force them to give up other bodies
Chair & CFO hate Bluewater - BW emailed CA saying HUR (Chair & CFO) were telling porkies in Court. Do you think Chair & CFO will agree a simple good for both sides deal which should occur? Or be confrontational with BW, seek to stick it to them, and make it hugely more difficult?
Chair & CFO hate HUR, have been humiliated and egos bruised, best friends still fellow crooks b/holders. Unless human nature has changed or they have found God, their egos will demand revenge. They will still seek to be at it any way they can. I hope they are being told precisely what to do and say at all times, ie. operating under strict remit. Anything else endangers HUR. Believe anything else and one flies in the face of human history & behaviour patterns
Settlement date today======================News Tomorrow?
The expected Settlement Date for the Offer is 15 September 2021. Following settlement of the Offer and the cancellation of the Bonds accepted for purchase, U.S.$152,016,000 in aggregate principal amount of the Bonds will remain outstanding.
sense
If he serves a commercial purpose and that helps in getting HUR back to financial health then everyone benefits., everyone especially the shareholders.
Maris might or indeed might not know where the bodies are buried and if so this valuable leverage could well come in handy during this rebuilding phase of the company's development
schlemmy
don't be deluded
my pet money cedric could do whatever he is doing - better
and you only have to pay him bananas
neither maris nor chaffe will ever be assets
You can see the bidding keeps coming back for more though not aggressively. Nibbling away but in a manner that is subtle. Order filling maybe, or simply rising market interest in a stock that's now a decent bet on turning itself around
'This is a positive development for the Company in managing its outstanding debt.'...........I bet this is the first time that Maris since becoming CEO has said anything remotely positive about the company's prospects. Up until CA he was acting like a politician spinning fear and doom ala Covid. Now he's acting like a CEO is meant to act, managing the company as a going concern and arranging its finances to ensure its survival.
Maris makes reference to a 'positive development 'managing the outstanding debt' which apears to suggest they are confident of arriving at some form of rapproachment with the bondholders remaining
I believe Maris is the conduit between HUR and the remaining bondholders. Perversely, he's become an asset in this area of the company's operations