The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
And of course not having to pay the day rate on the rig.
Always happy to admit I was wrong, which it sure looks like! Happy days.
Nope, fully invested and I never average down (ok very very rarely), might well transfer into an ISA to book some losses to set aside against the capital gains to come ;)
I don't disagree, but I do think that expectations have not been met and simply think it will be reflected in the share price. Strangely probably not that badly because of our persistant seller keeping the share price lower than it could have been. Like I say hope I am wrong, keeping emotions in check and trying to be objective can be difficult, I have a large holding in the company.
I don't disagree, but I do think that expectations have not been met and simply think it will be reflected in the share price. Strangely probably not that badly because of our persistant seller keeping the share price lower than it could have been. Like I say hope I am wrong, keeping emotions in check and trying to be objective can be difficult, I have a large holding in the company.
Doesn't matter which way you paint it, this RNS has not met expectations, I see the share price falling, hope I am wrong. It's all resting on the test results of Talitha otherwise its going to be a long summer, in which case lets hope for some decent weather!
Hmm not so sure, a lot of people have a problem hitting the sell button, ending up as trapped bulls. Maybe if its a holding RNS, at any rate good luck to all, I'd like to think there is enough to go around.
What I find interesting is the use of the logo at the end. Missing in the other vids, emphasis seems to be on Great Bear. Bear eating Pantheon, you can have a field day on subliminal messages lol. Anyway brought back memories if nothing else, though I spent most of my time up the derrick, shame no shots of the derrickman on the monkey board.
You live and hopefully learn, never be shy about taking a profit, I hung on way too long with Sound. I in turn would recommend that PANR is worth a look. Share price is held back like a coiled spring by an institutional seller who provided a loan for shares and is in the process of crystallising that loan back to cash. Results due in the next week which all being well should be a game changer. Info is out there worth a look. I hold these so please DYOR.
We reached TD over two weeks ago. Testing will be completed before the 6th of April. The results of which will have to be posted. I expect news this week or next week at the latest. Not sure what rig day rate is but if the hole was dry we would have P&A’d by now, to my mind the longer this goes on the better, assuming they are not trying to fish tools out of the hole!
Spread in the uk sitting at 10% ish which is a drag. Interesting how for a few days there was a disconnect between prices is Oz and London, in effect wiped out the spread as it was 10%+ price differential between exchanges which slowly equalised, will look for that happening again.
Your right about funding, I think we only see a fraction of the story, vultures are circling waiting to get this on the cheap (Chinese and others). I am fortunate in that I got in at a good price so unless the company goes broke will show a profit on any buy out. However that is not what I want, this really is a once in a life time sort of thing if it all comes together. It would appear, if I leave my skeptic hat off, that some investors have got involved who have committed serious money and are looking to shake things up. This actually seems to be happening ref last RNS. No such thing as a sure bet, but it has definitely got interesting all of a sudden.
https://hotcopper.com.au/threads/dnk-feed-the-world.5928397/
If anyone wants a quick overview about wot this share is all about, have a look at the link.
Looks like a shake up of the Board and attempt at trimming costs, NW gone........
General chat going on here https://hotcopper.com.au/asx/dnk/
Interestingly this share seems to be popular in Germany, I guess as it was (is) on the Frankfurt exchange. Not really appreciated here.
Yep I am aware of that story, as you say could all be BS or indeed machinations.
Interesting none the less, it really is potentially huge in my view.
Is this just about to breakout, finally....! Resources are on the up, this is a huge project. Been in this was 6 years, ever since a chance conversation on the ramp in Asmara. The fear was it was going to be taken out by the Chinese on the cheap, it now looks like someone piling in on the ASX.
I think he means he is worried we have found gas not oil and all that entails.
Thing is how much money did you have to put in to average down (no need to answer that). Would that money not be put to better use elsewhere? Worst case that money is now lost, middle case you sell at a loss, best case it's tied up doing nothing for the next few years, hand of God case another South Pars/North Dome by June. I don't know your situation so it's just an observation and my personal views. There is some interesting reading around the sunk cost fallacy.
Not really going to answer your question Rosie. In my view 'averaging down' is an over used and fundamentally flawed strategy. Not saying it is not useful at times. My personal view is if you are looking to invest more then choose another share, diversify your risk. Sometimes you have to take it an the chin, you (and I) are invested in a dog of a share with SOU. Throwing good money after bad I believe is the expression. Meanwhile I have been making money on SNG, ARB and PANR. SOU may come good, I am not holding my breath, if it does then it's going to be years not months.