The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Haha you’re right… I should wake up before reading the RNS lol
Am I missing something here? I was expecting all units to be in TCF. Is my brain just struggling to engage on Monday morning?
How long would it take to see the impact of bigger players getting involved? Wouldn’t it just mean they’re willing to take a look, or would they have their finger on the trigger ready to make a decision?
If John Ford transferred his log cabin to the company, it might add a couple of % onto the value
Agree with everyone ^
Really impressive.
Good point Genghis. I’m much more comfortable as an LTH rather than as a trader, although I think either approach is valid. I’ll admit that the headlines did have a little meaning as I’m in a couple of other oil/gas stocks, so the potential does have the ‘wow’ factor.
There’s a sensible decision to be made at some point around strategy with this particular stock!
Palmers and Gritstone - we’re in the same boat so good luck and hope you do well out of it!
For I have sinned. I pushed some money into GBP yesterday following the most basic 5 minutes of research, after seeing the Shell news whilst having lunch.
On the plus side, I only moved it across from a long standing stock which hasn’t moved for a while. Fingers crossed that after doing some proper research it turns out to be the right decision - it seems worth a bit of a risk!
GLA
Haha I know TheAccountant… I’ll ask him to provide some wise words ;)
ShearClass I can’t disagree that they’ve missed an open goal. We can dress it up as an incompetent Government or an incompetent Board when it comes to the reasons why we’re still waiting for the go-ahead for the LFT manufacturing. Either way, there was no benefit from it by the end of the last financial year.
For anyone that got in above 100p then it must be stressful, although thankfully I’m not quite in that position. Whatever we think the current MC should be right now, my own view is to think about the MC in six months time or at 31 March 22.
Everyone has their own timeline and reasons for investing though, so good luck with yours.
My initial gut reaction to the results today was to swear a lot and complain about the Board.
Just thinking a bit more rationally, the ODX results are only up to 31 March. They signed the gov contract 11 Feb and we know have been waiting on the order. They’ve also been staffing up more recently which is a sign they’re increasing production.
The comms are v upbeat about the future, which is present day when the comments are around the 31 March year end.
I’m holding on until after the presentation tonight. Might take a hit on the price today but that’s due to sentiment around last years’ performance.
Thanks HFB for more great research and info for us all to look at.
These indicators of movement around where any resources can be processed are key, as has been said in many posts before. I'm not watching the 'normal' news around data processing etc but keeping an eye out for the bigger movements and the signals from TL, that might give some certainty around how and when the big boys can feasibly look towards monetising the assets that are undoubtedly there under the seabed.
Fingers crossed that we're starting to see these messages come out now and let's see if they get stronger. I feel like we're in a bit of a sweet spot for something big, as the major players MUST have some certainty before they put resources into the bidding round.
Or perhaps another small player buys up the licences again in the hope that they'll get bought out in the future... does anyone know if that's happened before? :)
Lol Eddie… It’s easy to get excited with BOIL when you think of the possibilities if the stars align.
Can't disagree with you there Shouston, although I'm glad I didn't press 'go' on the Ferrari order after thinking we were going to hit £32.27 :)
This could be the opening scene of an action / thriller film, where Shouston (played by Arnie / Sly / Van Damme or Statham if you're not old enough to know the real action heroes), pulls together his band of mercenaries, about to head over to TL under the guise of sovereign wealth fund investors to extract secret information about a billion dollar oil and gas deal...
What would the working title be???
Yes Shouston - fingers crossed for everyone here that the right decisions get made and in a timely way.
It would be good to combine a great investment with seeing a relatively poor country like TL be able to benefit from its natural resources themselves.
Haha HFB
Let's count up our pocket change but might need a GoFundMe for the rest of the licence fee. When's the deadline for bids again, just to make sure we don't miss it? ;)
On a serious note, given that bidders need those deep pockets I can't see the licence round being successful unless the question of processing is dealt with. The serious players will need assurances before they even waste their energy going through the bid process, so working backwards it feels like the TL Govt are going to have to change tack if they want to fill their medium to long-term budget black hole.
It's getting closer to key decision making time, which for me makes the next few months really interesting (or even exciting, depending on how you view it).
I've got my fingers crossed that between now and September the TL Govt tell the potential bidders for the new licences that they're free to process wherever they want. Surely they must be thinking of addressing this elephant in the room so that the big boys (and girls) actually consider bidding? If this news comes out then I'm gonna celebrate with a Dominos (£20 a pizza, I need a multi-bag to afford one).
If this isn't addressed by those in charge in TL, does anyone fancy joining up with me to bid for a licence? We can sit on a huge asset and wait for them to change their mind... we'll be BOIL v2 ready to sell up to a big player!
My first reaction was to get excited about this news, but then to try and think it through a bit more rationally.
- I think it’s undoubtedly good news that Santos are actively drilling in the area. The more news and interest the better for all of us with an interest in BOIL.
- I initially read this as a sign from TL that they’re willing to compromise and let the resources be processed either offshore or in Darwin, which is the big sign we’re looking for. However, BU was already in production, this is only minor activity compared to what they’ve already extracted over the life of the field and we knew in at least January this was on its way when Santos announced funding for it. So is it really new news, and do we need some much firmer signals (at least initially) from TL that they would be happy for a huge new field to be processed in a similar way?
Tl:dr
I think it’s great for bringing attention to the area but we’re still waiting for a commitment from TL that resources from Chuditch can be processed offshore or in Darwin.
What are everyone’s thoughts?