The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Bomber,
That thought crossed my mind earlier this week. This board may disappear without warning. I'm quite sure LSE won't do us the courtesy of a 2 week warning, or the like.
Bezzy
Morning CawCaw,
No offence taken in any way.
Here’s to a great session today as we hold for the news we all feel will come shortly.
Bezzy
Exkoc,
I'm still cautiously positive about all of this. Zaza hasn't been fighting for all this time for nothing. Hope is showing his desperation and that's a good sign in my eyes too. He wanted to get hold of the licence and bring in pals to extract value. If he's already been offered terms from Zaza, then he's simply being greedy trying to go for the whole lot. Quelle Surprise!
It all points to a positive culmination. Just got to sit it out for (hopefully) a few more days.....
Bezzy
Tiburn,
Guilty as charged - albeit it was from 4pm. Only wish I had bought earlier in the day! It was bloody hard to buy, hence the individual clips. A little ambitious on some of the buy prices too!
CawCaw,
No insider knowledge. Just been researching this recently and felt the time was right. Let's hope so.
Good luck everyone,
Bezzy
Not sure. but someone just took 3 x 4M chunks in quick succession. Nice!
Morning All,
I see Hazbeen has been having a full-on conversation with himself this morning (5 separate posts of pure negativity). Usual negative diatribe. If ever he has proved he has a negative agenda here, it is now. If you're not sure, just read back on the posting history.
Always take a balanced view with everything you read on a share chat board (me included!) and do your own research. Don't take what someone posts here as "fact" just because they say it is. Dig out the information from the RNSs, the broker notes, the company website, the wider internet etc. Please find the broker note attached below.
Most importantly, don't let someone scare you off the pot when you've done your research and got comfortable with your investment. Do you honestly think he's here to "save you" from your investment decision?
Have a great day,
Bezzy
http://www.ferro-alloy.com/en/news/VSA%20Research%2012%20May%202020.pdf
"Well Oakey, its all guess work at the moment in terms of the 5% because if that valuation is in the ballpark range then the ‘new’ FRR could be worth US$750M, which translates in to an s/p of 4.5p against current outstanding 16.6bn shares. Pie in the sky numbers? Yeah, sure, why not. But let us also not forget the Moldovan, gas producing fields which were secured on a 50-yr PSA from 2016 and I personally think there is abundant value there. However FRI was the name of the PSA, which I believe is one of the entities also going to be struck off. What is the status with Moldova PSA??
The bigger picture could be that with Georgia, Moldova and Ukraine, the plan is to cut off Russian gas to Europe, hence Ivanishvili et al have been fighting FRR since they came to power from 2013.
Two other observations as far as Hope is concerned:
1) Hope has already got a whiff that an agreement has been reached with the Georgian Govt and the PSA has been transferred to another FRR entity, most likely FRUS and we can cross-validate this assumption by the knowledge that many of the important FRR-Cayman entities will be automatically struck off by 30/10/20. Plus Zaza made direct reference about ‘reorganisation’ in FRR’s last public release.
2) Given the high political connections to FRR, SN will try to avoid ‘screwing’ one of its largest creditor by [compulsorily?] exchanging debt to equity - common practice for junior O&G listed companies, particularly the loss making ones. Again, the question is who and how the valuation will be arrived at.
So, if number 2 holds true, I believe shareholders should come out of this ok, for the same reasons.
As usual, just offering thoughts to discuss, to at least keep this BB alive."
I am sure each provider shows things in their own way. Interesting that europaboy is seeing a change to the way it's being displayed. Why change it now....?
Glad someone’s better at links than me!
Already 315 members in the group. All are welcome.
Morning Looed,
Nothing of note, unfortunately. It does say Frontera but nothing more than that. I think he's being quite circumspect at the moment.
Bezzy
t . me / joinchat /
(and remove all the spaces)
Please replace the stars with:
**************
https://**************OmdYZlLYDHj61uPkpXsJJA
Your wish........
Evening Zib,
Also - we're not on AIM.
Morning ThomBola,
Can you share where you read it please?
Bezzy
Wow!
What a cracking first post. You must be proud.
Puddy,
Now where's the fun in that?!?
Hope you're keeping well mate.
Bezzy
Sorry for the duplication - slow internet!
Mad,
I think it is this:
Symore on ii
"Press release from Outrider and I have to say I had a little chuckle when I read it. Why? Well, it does show Outrider is suffering, just a much as us the shareholders. COVID plus massive decline in oil prices has really hit the O&G sector and asset values. Add to that, legal costs Outrider has racked up over the past 2 years, perusing FRR in Caymans, California, NY and Texas. After all his legal actions, he is now pleading to the Georgian Govt to help him out by awarding B12 to him. He goes even further by requesting that any new owner of the block to repay Outrider. What a kant. Had he just been a little patient and supportive of FRR, perhaps a different outcome could have been achieved.
Couple of other observations, he says he owed $35m which means the default that occurred back in Oct2020, all interest on CLNs ceased and it appears the GG did not cancel the PSA.
Still lots of questions but may be more clarity after the eGeorgian elections are done on 31 Oct."