The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Jennifer,
"No, because creditors want their money back and there is no possible way PMO can repay $2.3 billion"
Obviously it would need renegotiation from the current creditors and an extension of terms etc. in which case they wouldn't need to pay the entire $2.3bn in May.
But to say "no possible way" is a bit of a stretch!
Azzurri, I second your sentiment!
If Brent continues to motor upwards, is there any chance that PMO could snub the Chrysaor deal and stay independent given that PMO might then be able to service it's debt from cash flow?
The prospectus might then have to be used as bog roll.
Watch this space!
Had a feeling we would see a spike at the end, UT trade.
Capt'n, I cannee hold her doon much longer...
!!
3300,
I'm not calling it either way. Positive sentiment around a Covid vaccine has clearly dampened demand for gold for the moment, hence my earlier post. Seems like some children on the board have chosen to become upset by such a comment! :)
Levs,
Welcome aboard. I did a similar thing myself recently after a short stint in gold, which I thought would be more prolonged, but the vaccine news is a bit of a game changer, at least in the near term until efficacy is demonstrated. Would be quite happy to see gold drop back further whilst oil rises for a few months, and then flip it all again if/when gold starts to look cheap again. One can wish, although unlikely to be so simple!
Antigua,
That's exactly it. The future of PMO is secured, but the trading dynamic will be vastly reduced, especially if it becomes a constituent of the FTSE100. In the meantime there is upside to be had if oil continues to rise. Perhaps it is still the same old PMO until the merger takes place!
I find it difficult to put a value to this share now, especially with the takeover looming, my view being that it limits upside, although a rising crude price, buoyed by macro economic sentiment improving with vaccine etc, will inevitably lead to this rising further.
Feels like Tullow is more free to rise back to previous levels than this will ever see again.
RMS company produces medical masks? Just when Covid vaccines are being launched.... hmmm!
Mon 30th Nov
At the last OPEC meeting – which took place on 6 June 2020 – participating countries agreed to extend historic production cuts of 9.7 million barrels a day until 31 July.
The cuts of 9.7 million barrels a day – the biggest in OPEC’s history – were previously set to reduce to 7.7 million barrels a day on 1 July 2020. It remains to be seen if these cuts will be extended once again at the next meeting.
21p hit.
What's happening to gold price? Anyone?
Rookie,
It was merely a statement of fact, not a moral judgement on the situation - so yes, I am for real.
Thank you.