The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I have been contemplating buying some here today merely as a punt but decided against it for now as it sounds from the RNS that it could be period of waiting now to learn IF and I emphasise IF any positivity or progress can be achieved in the short to medium term.
Until then this share will be at the mercy of more seller's imo
well i took a punt on the drop, im looking for the potential catalysts from here and i consider the following:
- at 0.7p its on it ass and could easily bounce considerably if / when whoever is selling in bulk stops or runs out of shares (probably milton they seem to sell first every time in whatever share they are in).
- the main shareholders (YA, Riv, Milton) are experts in share price manipulation, they are all at a loss now so id expect them to pump it with algos alteast from here.
- Rig potentiality June 2020 or "he Company has identified two further potential rig options to enable an earlier mobilisation of the proposed programme."
- Are Still owed $5.3m.
- The Company has formally requested the Oil Minister to coordinate a meeting in January
- SNPC own 44% of the licences, could this be (part?) purchased for the debt?
- "As contemplated, the Company is negotiating with ATOG for the recovery of the costs incurred by AAOG in relation to the Proposed Acquisition"
- "Licence negotiations for the re-attribution of the 25-year Tilapia Licence are continuing. The Company has agreed the majority of the principal commercial terms. "
So a few potential positives in the pipeline, hidden away, they dont help longer term holders much but could be the means to a reasonable trade from here, but obviously there are still risks, especially when they note "the board is taking steps to reduce costs and is reviewing financing options."
And last of all ..
17 July finance RNS
"ยท The structure itself is designed to remove any incentive on the Investors to lower the price per Ordinary Share. Essentially, the Investors are "long" of the Ordinary Shares and sell them in order to return the proceeds to the Company while making a return through the fact that the benchmark price is above the Issue Price."
Yea.. after they made it so complicated that worked great.. and 5.2p paid ouch.
Just my initial thoughts after reading a few of the RNS, i expect im wrong on some if not all points so please enlighten me if i am.
YA, Milton, Riverfort, Sefton. All the names investors love to see the back off.