The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Come on 205p to 139p he must be running out of shares by now!
maybe we have a big seller behind the scenes feeding the MMs shares
Think someones forgot to tell the Mms oil is actually up today!
They weren't the only ones they were all down kaz at 70p.
At the time Glen was 70p it was days away from bankruptcy. i used to work with one of their trading partners, and a few days before their results they were ringing around trying to liquidate commodity stockpiles so they had some cash on the book for their results, to make it look like they weren't about to go under. Got lucky the market turned, if it had been a few weeks later they would have gone under.
Perhaps mms have too much power/control then!
Its simples. It gets valued at what MMs value it at. Remember glencore at 70p CEO had to come out and say MMs are stupid then it went up.
I can never quite understand how things are priced the way they are - according to HL ever since the huge drop last week, they have shown that there has been more buying than selling pressure and yet the share price doesn't reflect this and instead has been drifting downwards all this week. Again, I know these things aren't necessarily accurate, but this site yesterday was showing something like £13m in buys as opposed to something like £4m in sells and we're still down - doesn't make sense to me .
Everytime it starts to climb they take it to a mini auction and bring it back down.
Oils going up really holding this back aren't they! Youd think the way we have dropped over last 5 days some bounce would be forthcoming.
I said yesterday that I thought the share price was being held back as orders were being filled and then at close of play there was that large buy - wouldn't be surprised to see the same again today.
Today they've put a block at 142p.... I could go buy 50 million shares and they still block it at 142p. They've obviously taken a big buy around there or so so filing that order. So 142p cant pass until filled.
But short term be nice just to settle around the 150s as a base. Not 140s ffs.
BondSan
This will hit 175 plus somewhere between January and end of March. There is a limit how many days/weeks in a row a stock can be held on zero slow stochastics. The sellers eventually get exhausted and are left with nothing for buyers to mop up. The market has only the buyers and shorts to close positions remaining. A case of buyers deciding what is a comfortable level of risk to get say a 16% rate of return in say 4 months.
Lots of upside potential in the portfolio. Another 10 prospects or so in Guyana - Cretaceous could be light oil. Suriname Blocks next door. Drilling a large Peru Prospect with Karoon close to proven oil fields . Tweeneboa Ghana not fully appraised . huge Gas finds in Mauritania recently &TLW have extensive acreage here. Namibia attracting interest again.
Also TLW moved quickly to secure a 35% operator stake in the Comoros License when the Huge Mozambique Gas discoveries were being made by Anadarko , BG , Ophir aroud 2012. biggest LNG facility in Africa planned for the region. TLW reckon 7 Billion bbls gross unrisked potential on their acreage. Plenty reasons to hold at these levels imo