The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Energean is a huge cash cow, a great partner to have on board. Deal to be completed ‘imminently’ hopefully means this week.
A short while ago Jagua listed a comprehensive list of near term potential catylsts for SP improvement.
We could refer to that list and tick which adds value and which adds nish.
Not sure if this was on the list but assuming the seller is done (for now) we have gained a penny?
Personally I rather a softly softly catchee monkey ride up and not the bs booms.
Someone has faith with that £100k buy on Thursday. Hopefully we get more buys like that in April.
Plenty of news to come - We have Moroccan confirmation of Energean deal with £10m payment, onshore drilling next month (hopefully) and offshore drilling rig contract for the end 2024, strategic review (disposal?) of transitional power division and any developments in the green hydrogen space. Each of these should put atleast 3-4 pence on the share price.
Morning Ian
I do still some faith here as I'm still here but it does test you.
Hi GP.
So have you moved into some other best investment?
I think you secretly have faith in this coming good like most of us. It is frustrating when you are led to believe that something good will happen in a month or a year, but it doesn't. This Company must be worth more than 9 pence a share, even if only 30 pence and not the 40 - 60 per the analysts, but that will do me fine and I'll wait to see the outcome.
It could even 10-bag from here with a tail wind.
Happy Easter!
Bubble I have no doubt the preps are going well and there isn't any doubt about drilling but when they miss timelines investors will move into the next best investment. Imo
Ref bounce it's a bit sad that we have to try and appreciate that we are not in the 6's!
Anyway wishing you and all here on this board a good Easter.
GP,
I am sure that as far as they are concerned, all is going to plan, it is simply fickle and overly picky retail punters that seem to think these ops run on a stop watch.
They have shown the site preparation, the rig & ancillaries etc are likely heading there or being readied at site, all in good time !!
As for bounce, well we were hugging the late 6's not too long back, as far as I am concerned I am more than happy to see near 9's on the board before it all kicks off. if that isn't enough for you then nowt anyone can do about that really.
Have a chiilaxing easter, not long to wait for the real action !!
Bubble with respect Chariot always set themselves up to dissapoint which only drives sentiment even further down the sheite hole.
How about maybe they just set the timeline to drill in H1 and if they do get to spud by mid to end of April or even May then it will have a better look?
Only so many passes you can give them and the market know if.
Ps. Where is the bounce?
Yes Stoneyloon, I didn't say they stopped, simply that it is usually more reined in, which means it is likely preparations on site and with the rig are ongoing but I would expect the actual spud to be more likely at the end of Ramadan, which shows the company respecting the holy month and the culture which usually pays dividends once they are back to full swing.
FYI Drilling and Services continue during Ramadan, albeit the crews will naturally tire towards the end of the day.
Main thing is the rig has to be accepted with all components signed off, if as I think was said the rig has been warm stacked this shouldn't be an issue, though with all things mechanical there can be hick ups, nothing to be concerned about, main thing is all is in good working order, which of course the drilling contractor will want asap to get on the payroll.
It did nothing for the sp though ?
£100k buy aint bad
Note, it is Ramadan over there, and that does not end until 9th April, though the industry does not stop for this, it does generally go into minimal physical work mode, likely they may well be setting up on site, but also it may be that actual start of drill/spud is not until after this has ended.
Just my take on it, as spent 20 years over that neck of the woods in the industry.