The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yes the placement tomorrow will likely be sold at anything over 2p. This will definitely keep us pegged down here for a while.
The court case news I don’t will have much effect over the next few weeks. We will get the Call but maybe not until the day of results.
Other than the possibility of leaked info we are just in a waiting pattern now.
Results should be by the end of the month.
The good news part of the RNS is that LO have reduced our exposure to a duster slightly. If they make the call and retain the current holding they will be around 600,000,000 shares going to results.
Also Star
“ 1. If Lombard has the right to dump all its shares unconditionally (whether duster or not), why is the extension to 16 April of any relevance whatsoever? Why is it ‘advantageous?’ ”
It will also mean that it is almost 100% that LO will make the Call to raise the additional funds.
Star
“ 1. If Lombard has the right to dump all its shares unconditionally (whether duster or not), why is the extension to 16 April of any relevance whatsoever? Why is it ‘advantageous?’ ”
It is advantageous because it would give BPC more time to find the £14 million to pay back to LO. Not sure what your point is?
We do not know when the results will be published. The maximum time for the drill is said to be 60 days. Results could be declared at anytime.
My assumption is that things are looking good so far so the extra funds are needed to expand the drill operations so the 60 days might be more likely.
A week to to days after that fir full evaluation and you get to around the 28th February. Any leaks of information or a forced legal declaration could mean that partial results could be a possibility at any time.
Very ambiguous answer but the truth is things will change as the drill continues and nobody knows at this point when the evaluation will be finished.
Irene you never actually give your reason. We know you held CERP and obviously took a dislike to Leo. Why just keep blabbering about nothing. I have asked you your opinion on a couple of things and didn’t get an answer so why bother.
As others have stated you must have an extremely sad life for you to fill it here with us when you are not invested and have no interest in investing.
Sad and lonely, I will take pity on you and not block you.
Irene my reasoning has not changed, the Put and the death spiral funding are one in the same.
Share prices generally speaking find their way down to the placing price. That is common across all companies.
Only positive news can make us step up now or maybe some justifiable leaks.
LayLadyLay, my rationale is based on taking the horrible death spiral funding and what a duster means now we have taken it.
If we had hit dust on the way through the chances of success are diminished and the risk of this kind of funding would be too high.
That was 12 years ago, Cuba produce 50,000 barrels per day.
Some of the sites in Cuba are very close to P1 and have been used as part of the reason for its chosen location.
Sharescare agreed, the one thing that gives me more confidence is the delay of the Put date which coincided with the possibility of successful initial target results.
We may have had no other options to keep the bit turning. I do think they would have pulled the plug this week if nothing was showing hence my optimism.
Dave we have done that many times, a couple of days ago being the last batch of predictions
Jdam the 12th Feb is the deadline for the Call to be made and activate the new reconciliation date to the middle of April instead of the original 60 days from Spud.
I guess having mulled this over a little more they have no benefit to make the Call soon as they can wait until the date of the results RNS or the 12th February.
This deal gets more confusing and strange by the day.
Dunnie he was taking the ****. He was just referring to the fact that people were pushing that the price will continue higher when it was at £20.
He didn’t buy any.
Pros it does say the date of you are correct. Another crazy situation unless the results are not planned to be released after the 12th.
Also the Put and the Call need to be executed for the new date to come into effect and for them to get the free ride at the results. I am expecting the Call to come this week.
Pros I read it as that they need to exercise the Call by the date of the RNS. They cannot wait until the P1 results then make the Call.
This is why I expect the Call to be made relatively soon as they should have no knowledge of when the RNS will come.
Sorry 700,000,000 yes
Garry I have stated this before. In the case of a total duster the current finance deal would likely be company ending. I am assuming the Call is made.
LO would hold roughly 7,000,000 shares with a guaranteed 2.3p a share. The new date for reconciliation would the middle of April importantly after P1 results.
The share price with the knowledge of a complete duster and the finance deal in place would likely crash to 0.5p or below. I will use 0.3p as an example.
This would mean that BPC would need to repay in cash £14 million to LO and would likely bankrupt us.
Having made this assumption my view is that BPC would not take this finance deal unless they had good oil shows at the first targets and this would make the BOD’s unemployable and wipe out the value of their own holdings as well as ours.
Obviously this is all my opinion and maybe they are just rolling the dice.