The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good news seems to be ignored or manipulated on most stocks. The markets are f***ed. The MM's totally consuming it with greed.
Judging by JKX performance recently, good news are simply ignored by the market
Need something really big, like it was with reserve report last summer
Can’t imagine these levels lasting much longer over coming weeks with more news on the horizon
Cash increase is the 1st line
Exactly right. All fields produced more gas, condensate, LPG & aggregate Vs Q2 '18.
Much better communication as promised.
VAS upgrade later this month: see this as major change in landscape. Atb
You failed to mention cash reserves increased by $5 million compared to Q1
Could it be due to the vas field being suspended
aggregate year end production was 4377 boepd, now it's 4037boepd.
Cash as expected, no surprises
Waiting for VAS reserves report and well testing results
One disappointing news is that production dropped by over 5% compared to Q1. Not good
Production is now just 1/3 of what JKX produces
That is a very good update again from Regal. A huge cash position compared to the market cap which continues to grow at pace. Be interesting to see what the VAS competent persons report shows up this month too - maybe a big upgrade in reserves. Seeing that the cost base and liability number is so low you would have to say that there's far more upside than downside at these levels. This is one of the best Oil and gas plays around - certainly if keeping a watchful eye on the balance sheet and cashflows. GLA
Morning all, taken a position on that news today.
Nice start
...but should rebound to at least 45-50p level next week imo. Way oversold given current production and cash pile
Cash 67.9 mill
Whatever the cash pile is it will appear huge in comparison to the market capitalisation of RPT and today’s share price.
This alone, without all the other various possibilities RPT offers, makes this lower than a bargain basement - or am I missing something?
Apologies, amendment:
$67.5m is my guess.
15 years of stagnation and cash balance will be $416m imo.
Alternatively, lease rigs from Smart Energy and drill 4 additional wells per year, each adding $5m per year to the cash balance, is there if they want it imo.
$67.5m is my guess.
15 years of stagnation and cash balance will be $555m imo.
Alternatively, lease rigs from Smart Energy and drill 4 additional wells per year, each adding $5m per year to the cash balance, is there if they want it imo.
$67 mn is my guesstimate of the cash balance as of 30 June
Not a big difference from the amount disclosed recently
Cash update hopefully this week
CPR update next 4 weeks hopefully
Drilling update currently spudding.
Market maker's want your shares !! On the cheap
Let's hope there is some major news soon. This is in the doldrums, and majorly.
I did mention 35p a few weeks ago and got slated for it. At current price its a buy for me and i will be loading up come monday if i can get 35p 36p ... everyone will look back in a few months and wished they had bought !!
Discussions that I am de-risking are baseless. I have not sold, I won't be. I am also not just sitting on hands, further communications have been sent to the #RPT board today. Cash flow update next week followed by (I expect) a CPR of the VAS asset in July
I am also not so sure that holding over 1% of #RPT equity is that small ! These are not passive investments , I am extremely active with all my set-ups even if twitter doesn't hear all about it. The route to capital growth is clear to me on this, patience I trust will deliver
It's not just the cash generation and cash pile at #RPT but the lack of liabilities on the balance sheet. Current ratio is 10:1. You won't find such a stat at so many. I don't enjoy a failing price(!) but this stock can radically reposition on correct cash deployment.Mgmt know!
Is it feasible the bod could opt to maximise their current assets by pursuing an accelerated drill programme?
Perhaps lease idle rigs from smart energy and drill 4+ wells per year?