The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"But current MCap is only £8.6m."
- for a REASON! mr market knows best imo.
"...can they really get our infrastructure for less than the price of drilling a well?"
- first, yes.
- second, when drilling a well is $100M - absolutely.
lol
Maybe worth keeping an eye on progress here:
http://otp.investis.com/clients/uk/bowleven1/rns/regulatory-story.aspx?cid=1058&newsid=1382503
RRE money going into other North Sea producers? - all up today.
Something going down at Parkmead today. Maybe they're buying Westtmed lol
should be £33.5m
Maybe. But current MCap is only £8.6m.
Yes, Matanda might be handed back end of year. But can they really get our infrastructure for less than the price of drilling a well?
I was hoping for merger/takeover at 13p+ (the price YF Finance paid) which values the company at $33.5m. Doesn't seem unreasonable?
more money on lawyers.
· GDC has unerringly supplied natural gas to ENEO at its Logbaba power plant since 2015 despite ENEO's poor payment record
· GDC has made repeated requests in writing and in person to the senior management of ENEO to discuss a method of settlement of its burgeoning debt, which now stands at US$16 million receivables (US$9 million net to GDC) as at the end of June
· Furthermore, the fully termed agreement and payment guarantee that were due to quickly follow the binding December 2018 term sheet have not been forthcoming
· As a result of this untenable situation, GDC served a notice of Event of Default on ENEO pursuant to the signed binding term sheet on 2 June 2020, which included a 30-day remedy period
· As we have reached the expiry of this remedy period, GDC has no alternative but to terminate the gas supply agreement with immediate effect
· The Company will now rigorously pursue this unpaid debt via the legal channels available to it, including a penalty payment of three months' fees as a result of termination as per the signed term sheet
https://polaris.brighterir.com/public/victoria_oil_gas_plc/news/rns_widget/story/w916dex
"How it might help VOG though, is perhaps punters looking for increased M&A activity now?"
punter may be looking for that - but there are easier ways for interested parties to get their hands on whatever it is people think VOG has than overpay.
Here's another one - gas assets:
https://www.foxbusiness.com/markets/buffetts-berkshire-to-buy-dominion-energy-gas-assets-for-4-billion
Yes, I was in RRE from £3.50 - £5.30, so not unhappy with that. I'm now in JSE, preferring their nearer term prospects than RRE, and the Far East markets rather than the North Sea. I think some of the RRE money will find its way to JSE as about the only other 'late-stage developer' of assets on the AIM market.
How it might help VOG though, is perhaps punters looking for increased M&A activity now?
RRE was a rather unique one. DIV paying when all other mid caps hammered. bought and sold from £6 to £9. don't mind otheres having their payday with the shares I had. just my opinion, but you can not compare VOG to RRE.
True, BS - and @ £10 I decided not to put this money in RRE.
'One day, Rodders.... one day.'
Spazza - “BS- yes, a placing would scupper my plans. I'll be watching carefully, and hope to get out before then. 'Stay alert'... and forget the rest of the government shi te.”
I hope it works out for you. But the risk reward for tuppence given other martket opportunity is not one the currently calculates.
Naw 3cb, not enough copy and pasting. As for pb, think starvation got him he was “strapped in”
So long.
3CB - ' I do believe that MT's assertion that Sparrow is Bingo has some legs.' - I assumed you were joking at first (Who is Bingo?), but if you seriously believe this then, for your own sake, perhaps discuss this with someone appropriate.
BS- yes, a placing would scupper my plans. I'll be watching carefully, and hope to get out before then. 'Stay alert'... and forget the rest of the government shi te.
Of course you will.
Biggs. Let's not forget the AGM over 1 year ago when Foo insisted he was in the process of arranging a Visa for a trip to Russia to do a deal on westmed. I do believe that MT's assertion that Sparrow is Bingo has some legs. Coupled with RF68 as PB. Kinda fits.
sad to see the general acceptance even amongst the hopeful that west med is not worth a carrot.
are we still paying 1 million a year to maintain the "word class asset" which "several potential interested parties" have been reviewing the data room for, what, five years now?? the data room consisting of (i expect) two items 1/ a map of Russia with an x on it, and 2/ a box of hankies to wipe eyes from the laughter.
"The plan I'm working to, BS, is a share price at year end of 7p+. That's all that counts. If it's still at the 3p / 4p level, I'm out. Time and Tide wait for no man."
- fair dues. each to their own. but you think the company will make it through this pandemic without, well, you know what...
Expert??? Oh sorry you mean Malcy. PMSL
The plan I'm working to, BS, is a share price at year end of 7p+. That's all that counts. If it's still at the 3p / 4p level, I'm out. Time and Tide wait for no man.
Don’t we lose the licence if not drilled by Dec 2020.
Want there 16 drills planned ? Or has all that changed??
This was “a banker” with TP 240p. That’s what the expert said after the site visit.