The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I’d imagine the share price not climbing has something to do with the below from the RNS.
The total cost to acquire the 9-month option is AUD$250,000 in cash, AUD$100,000 to be settled via the issue of 1,921,068 new ordinary shares in Empire at a price of 2.85p per share.
· Empire has agreed to spend AUD$500,000 on exploration at Central Menzies within the 9-month option period and can exercise the Option at a cost of AUD$1.75 million in cash and AUD$1.25 million to be settled via the issue of new ordinary shares at a 10% discount to the 30-day VWAP at the time of exercise.
Spending a lot of money and introducing new shares to the market.
Have to spend money to make money though...
£18 is out of reach for the short term, I think £14-£15 is a sensible price target to aim for in the current climate. I do feel like BP would be a takeover target for an American outfit with their large natural gas presence in the states. I’m hoping Shell stay clear of a merger and stick to the game plan. That’s me for today. Good luck all!
I have been trading BP for the last few months but now I have jumped out for good and I’m going all in to shell, the reasons are pretty much the ones you have pointed out, shell are lagging behind BP on the recovery front, slightly lower dividend yield but it’s negligible. I can’t see the US stimulus package not going through, trump will do all it takes to push it through especially in an election year, this will push inflation up and increase the price of oil!
Clutching at straws now but if the explosion in Lebanon does turn out to be some sort of attack that will increase tensions in the Middle East thus pushing oil higher too. Both are outside of the companies control but as for controlling the things can influence they seem to be doing all they can. I have a lot more faith in the Shell CEO than BPs.
Would be an ideal time to strike a deal to raise funds for the fibre roll out and 5G carry on. Although who has £10 billion laying around in the current climate...
Excuse my ignorance here but I’ve only just got involved with this share. Could an openreach sale be around the corner thus driving BT shares higher?
It may well be nothing but it always worries me when news is later than expected...
19,361 shares purchased earlier on and I’m hoping for a quick rise back to around that £1.20 region before I top slice. GLA.
Well at ~200m mcap I’d be mortgage free! Anything more is into a retirement fund, dreams can come true right?
Surely the update is today... that’s where my money is anyway!
Follow the money, I bought a few more this morning, happy with my exposure here now, time to sit back and relax and see where the market takes us ££££
I am still expecting an RNS at lunchtime today, if there’s no RNS by close today it’s going to be a very looooong weekend.
The price will start to move before an RNS is released though, nature of the beast on AIM.
GLA.
Back from the walk... had a feeling we would take a small % loss today along with every other market on the planet. My only concern here is that there’ll be an equity raise to expand any drilling that takes place, that’s where we really need a JV to take place. As long as the price goes up before an equity raise any LTH won’t lose out too much.
Fingers and toes crossed for some positive news tomorrow. GLA.
Hopefully tomorrow find out some news for the drill programme and then mid August for sample results.
Do not be concerned if this drops even 10% today, the full equity world is down today.
One thing that will make this fly is a joint venture with a big player, they will have all of the tools to get the stuff out of the ground.
That’s me for today, time to take the dog for a walk.
GLA.
Regardless of the divi being maintained or cut, more than likely cut by half though this has 275-280 written all over it. Buying in a day before results in the current climate when oil is still at below break even prices is a major risk. I’m not de ramping I am being realistic. The full index is down now companies are reporting results, there’s still no light at the end of the tunnel. Buy monthly and spread the risk. Good luck all.
Pashman, In terms of samples there are samples due mid August if that’s what you were referring too earlier on?
The same RNS as mentioned earlier states -
The results from the underground sampling programmes at San Celso and Los Campos are expected in mid-August 2020.
Plenty of news due the next 4 weeks.
GLA.
Pashman, the RNS released July 20th states -
A review and input from a world-class Canadian geophysical consulting group has been completed on the Donovan 2 copper gold project, the Company is hoping to finalise the upcoming drill programme at Donovan 2 at the end of next week.
So for me that should be today or tomorrow...
Seeing what’s happened over at EUZ today fills me with a little bit of excitement that we can easily multibag from this... 1p is certainly not impossible by Xmas if everything falls into place.
I do like to see an afternoon rise on AIM shares... always makes me think is there a leaky RNS on the way tomorrow!! Here’s hoping.
I will be shocked if this doesn’t make 0.25 by the end of the week, all metals are on the rise and are at recent year highs, lots of drill and sample news due over the coming weeks too! GLA
This will fly if there’s a sniff of good news, won’t take much to move the share price of a £4 million company higher! Fingers and toes crossed ! A 7am RNS will hopefully be a delightful read in the coming days / weeks.