The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sure I couldn't have put it better meself!
yes ...JH77
Tis a cracker this one... A wee cracker!
What year? Joking apart...I don't see why the hell not but it looks more like 2020 now.
drilling, on 4th Q.....is this correct ?
Aren't the funds more for PVR's benefit? What percentage does LOGP receive? (sorry if that's already been discussed on this BB). I too want this SP to go sky high, but I'm just trying to remain realistic and not get giddy with exaggerated estimations.
That's punchy shibs. You may be right. I reckon 3p on funds, 5-7p on drilling commencement, 10-20p on results.
If the funds had arrived when they were meant to I think we would be at 5p on receipt. This was pushing 3p a few times this year so it seemed entirely plausible. But the SP has been eroded since then. Knowing what AIM is like 3p from here is more realistic, although I'd love it if it was 5p.
5p after money recieved, 10p on spud, 15 half way through drilling, and 30p on success maybe more.
what is the target price here anyone ?
5p when the funds arrive......
Think it will be an amazing fews days after the rns lands of money recieved, new investors aswell as the old that have come and left will all pile in at the same time, this will explode!, but first we need that money lol.
Agree Shibs
Incoming funds by end to next week!
-----------------------------------------------------------------
Speaking at the AGM today, Mr O'Reilly said that while such a scenario was slightly incredulous for us in the west, these type of delays are common in the east.
He added that APEC is strongly representing to the Irish oil exploration firm that the funds will be received by the new backstop date of September 30.
The Providence Resources boss said his company has seen evidence of the funds from APEC's own financiers flowing towards its bank account and it is in a bank en route to here.
Shibs.... agree totally .... and i think that is why the IIs came up trumps with the $4m ......
I think the ceo knows more on what's going on the the rest of us behind a keyboard and screen looking at this chat board lol, the money will come as long as its legit sources, Apecs people have paid the money and it's been confirmed by HSBC who are a major bank and conformed this, if the ceo thinks the money will come by end of September then he has a reason to believe this.
still, we'll take it !!
It's just daily movement from a handful of trades.
Somethings up
Both PVR and LOGP on the up
Of course it is.
Nice bit of deramping lol
Providence boss confident of getting loan from China's APEC
Updated / Thursday, 12 Sep 2019 13:55
Providence Resources CEO Tony O'Reilly said he understood it seems incredulous that the money from APEC had been delayed in the international banking system for so long
Providence Resources CEO Tony O'Reilly said he understood it seems incredulous that the money from APEC had been delayed in the international banking system for so long
By Will Goodbody
Business Editor
The chief executive of Providence Resources has said he fundamentally believes that a $9m loan from its Chinese backers will be delivered.
Tony O'Reilly jr told shareholders at the company's AGM in Dublin that he has staked his reputation on the issue.
Mr O'Reilly said he understood it seemed incredulous that the money had been delayed in the international banking system for so long.
But he added that when the company entered the deal with Chinese company APEC, it did not appreciate the difficulties involved in moving money from Chinese entities through banking systems to here.
Speaking at the AGM today, Mr O'Reilly said that while such a scenario was slightly incredulous for us in the west, these type of delays are common in the east.
He added that APEC is strongly representing to the Irish oil exploration firm that the funds will be received by the new backstop date of September 30.
The Providence Resources boss said his company has seen evidence of the funds from APEC's own financiers flowing towards its bank account and it is in a bank en route to here.
https://www.rte.ie/news/business/2019/0912/1075416-providence-resources-results/