The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
New production data out from national grid, equivalent to 3.15 mmscf
https://mip-prd-web.azurewebsites.net/DataItemViewer/ViewReportDataItem
They are well below the hedge volume now, it would be appropriate for the company to update how they see this number in the medium term
Thats is not very good
baits, isnt 150000 MCM equivalent to 5.3 mmscf/d? That is the same as the hedge volume from Q4. I guess we need to make much more than that to make some real cash from the spot prices?
Cash flow is just terrible, $5m in new loans to cover for negative cash flow.
The need to continue with the going concern basis of accounting is telling the whole story. More equity is needed.
The interim results have been prepared on a going concern basis which assumes that the Group will be able to continue trading for the foreseeable future. Although an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report, the Directors believe, having considered all available information, including the cash resources currently available to the Group and the Company's proven ability to raise further equity funds from its supportive shareholder base, that the Group will have sufficient funds to meet its expected committed and contractual expenditure for the foreseeable future. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the interim financial report for the period ended 30 June 2022.
So an error rns, now down we go.
What does this mean?
"However, exploration and other pre-development funding will continue to rely exclusively on equity funding by KEFI and its in-country partners."?
Thanks
Whats the chances that the banks will require more equity? Like the HZM funding, both senior debt, equity etc.
Do Kefi need to raise equity anytime soon?
Polygon buying big time new TR
Maybe its time to close the mine
What is the expected production from Blythe and Elgood when its up and running in early 2022?
EUA have changed it focused with the wind for many years, first platinum -> palladium -> battery metals - > nickel and now hydrogen and ammonia. Whats next, lets brainstorm
Crypto mining?
Carbon capture?
If the asset was good it would have been sold or developed ages ago.
These was the first results from Havieron below. Juri is junk.
elected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m,
including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m,
including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m,
and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m
GSK Xevudy approved in EU.
Where do you see the delays?
Looks like the company will be able to repay, future looks interesting
https://twitter.com/OilGasTracker/status/1471067883090452482