The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
this share has become the ****ttttiest to own simply because of the extra 400 million shares and that ii seller flooding the market. its still in lose hands and being traded.
But evemtually, mcap is too low, and will rise. patience required.
even at the depths of covid pandemic, with £300k cash and oil at average $25, it was trading at 0.75p mcap £4.5 million but then recovered to a penny within days.
Look at eog now. i think we all know it is not worth 1p.
ujo reported half year revenue as follows
£4.38 million - £514k (cost of sales) - £1 million (depreciation) = gross profit £2.8 million
Eog gross profit for 6 months to july 75% of ujo (30%) would be roughly £2.1 million.
The admin costs would be covered by existing eog revenue.
so we could be looking at £2 million net profit in our next report.
Then we will get the £2 million back from drill costs, so total cash could be £4.7 million (700k from last half)
imo, correct me if im wrong.
that cash is half mcap. and surely will increase as we produce. Mad to be at 1p.
assuming eog have 2.5 mbo the value is $12.5 million (if 50 mboe was found and worth $250 mill)
I would prefer it be sold off and concentrate on developing the wressle oilfield. Both options would provide similar income but no worries of a fundraise via the sale route. SP would recover easily Imo
$8 - $9 million revenue and net profits of roughly £3-4 million.
buy the whole company for 10 million, fire the whole management, and just enjoy the yearly income.
Think we will dona UJO when it dropped to 11p for nothing and then bounced to 27p within weeks. Eog is not a zombie company, simple. This weeks report should put a base to the SP
imo
£27 million mcap for a gold miner with 1 producing mine and another mine to come live in 2nd qtr 2023. Total production around 200k ounces. I expect similar mcap to PAF in a few years.
This was worth 40p just a year ago.
easy ride to 30p next year. Golds turn round the corner to $2100 (its not really hunkydory out there)
at 300 bopd roughly revenue is $4.5 million (now £4.5 million).
TO keep eog lights on costs roughly £600k admin for 6 months. Then take away cost of sales which was around 30% of revenue i think. Assume £2 million net costs.
still left with a £2.5 million cash or near that.
sounds like any investments regardless of what stage it is.
"the 80% investment allowance which is generated on investment expenditure (capital expenditure and some operating and leasing expenditure) can be immediately used to reduce profits subject to the levy"
stenna don is under lease i assume.
Could help eog reclaiming every little Vat upto 2025.