The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Pokers, your observation is absolutely true, but 450,000 shares or so is a very small percentage of the 140 million or so shares that are in issue.
Less than a third of a percent.
I think that there may be a bit of buying today, once the press gets hold of it.
I think that you will find that the City press is fairly Proactive (see what I did there).
A bit of buying, combined with little or no selling will move us the right way.
Gold and GGP stabilising will also reassure the market, I think you will find.
Must leave, first meeting is at 7.30 am, (8.30 ECT) I have a plane to catch.
Danax
This really is a sea-change in the prospects for Prim.
Hopefully, there should be a bit of positive press around this today, there certainly should be.
I am very happy that by acting as a catalyst, the result is that Rupert, Matt and Hedley are on the Board, less than 4 weeks since we first spoke.
I hope that It's a good thing that I bothered to pick up the 'phone, if I hadn't, I suspect that there would have been little change.
Have a great day one and all, I have people to see and places to go.
Please look after the SP whilst I am away.
Danax
Update on SP end of week.
1. Gold price currently 1863 versus prediction end week 1850 ON target
2. GGP predicted predicted 21 to 22.5 currently 22.1 On target
Huge buys close of play in my target range
Recent Share Trades for Greatland Gold (GGP)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
23-Sep-20 16:10:01 22.2594 578,288 Buy* 21.75 22.00 128.72k O
23-Sep-20 16:28:10 21.777 388,000 Sell* 21.75 22.00 84.49k O
23-Sep-20 09:21:34 22.5644 880,253 Buy* 21.75 22.00 198.62k O
23-Sep-20 16:10:37 22.00 454,484 Buy* 21.75 22.00 99.99k O
23-Sep-20 16:01:40 22.08 302,000 Buy* 21.75 22.00 66.68k O
23-Sep-20 15:56:47 22.285 451,543 Buy* 21.75 22.00 100.63k O
3. PRIM share price currently 3.95 but on track for target range of 4.2 to 4.3p at end week 4.4p top of range
Good buying tomorrow as investors realise that this is now investable. ON target.
Two days to go, a lot can change......
but we are still a Strong Buy!
Long may it continue.
https://uk.tradingview.com/symbols/TSX-TXP/technicals/
I have no doubts that the Board wants to see this drilling campaign through, and make us all better off.
I trust that we will all hang onto our shares.
Let your profits run................
I am very pleased to see that nobody is selling, as this is good news for the company.
Please don't forget that Rupert has 18% of the company, co he is totally aligned with shareholders.
I think that you will see the total cost of the Board fall, not rise.
We are in safe hands,
Glad to be of assistance in this, and I look forward to seeing significant growth in the SP and a more realistic reflection of the underlying Net Asset Value, that the company undoubtedly has.
Good luck all, here's to the future.
Danax
New Board Members!
Very happy to have been of assistance and provide the introductions, leading to a very rapid outcome.
A great new team and the baby has stayed in the bath, as well.
Excellent result.
Smasher, I agree that we don't want it yet, but the same applied to Rockrose and Dana.
We cannot stop people making an offer if they feel like it, at any time, and we cannot stop people selling their shares.
It would take a big player like North Energy to refuse the deal, but most people will accept a premium of 50% if they are offered it.
Short-termism at its worst, I am afraid.
Maybe we can hang out for £1.50, but that would definitely swing the balance, imho.
Do you remeber what I said about 'That Channel' that is similar to the one that we saw at Rockrose, and nobody would listen? to me?
Somebody is quietly building a stake at sub 75 pence, and when the announcement of a bid comes out, the reference point will be relative to the average share price over X weeks being 75 pence and the offer is X percent above it.
I may sound crazy, and perhaps I am, but if a bid comes in before the size of the discovery at Chinook is released, I suspect that an offer at £1.25 pence will have investors selling in droves and it becomes a self-fulfilling prophecy, and onto the next one.
MAAArkk moyyyy wurdzzz.
Rather than issue an RNS, the current PRIM Board of Directors has quietly filed a Notice of Resolutions with Companies House.
You can see it here.
Company Results (links open in a new window)
Date(document was filed at Companies House) Description(of the document filed at Companies House) View / Download(PDF file, link opens in new window)
23 Sep 2020 Resolutions
Resolution of removal of pre-emption rights
Re-company business 23/07/2019
Resolution of allotment of securities
This document is being processed and will be available in 5 days.
Nothing to hide here then?
That is why you get automatic notifications logged into your Companies House alerts, it's free.
Dana
I am out and about so find it difficult to check but I think there may be an RNS out concerning resolutions
Night tram equals Nitram, the ICI brand name for straight ammonium nitrate fertilizer.
Tobin, I too have considered this issue in some detail. It was the gas price that closed ICI Billingham at the end of the 1980s resulting in thousands of job losses. I see I was then the largest ammonia producer in the world as a result of the 6.5 pence per therm fixed price contract that it had enjoyed for 25 years. At the time it was taking approximately half of the North sea gas and and as I have mentioned before when the night tram shed was full it had 120,000 tonnes of ammonium nitrate stored which if it had popped would have been the biggest explosion in history. In the world. Ever. Thank goodness for good health and safety policies.
So back to the Trinidad ammonia plants. I think that the jobs and the exports of ammonia are worth a great deal to the Trinidad economy but cross subsidisation of businesses is never a good thing as they would simply be penalising us in favour of another industry.
However there is nothing to stop NGC from buying from us at a market price and then selling it to the chemical producers at a lower price. They do get 20% off the gas free of charge through Heritage after all all and can use that as they wish.
I only wish that I could become involved in the negotiations but I am extremely confident that Paul is more than capable without my interference.
Of course there is the odd exception, regrettably.
Still we have the Netherlands gas production to pay the salaries eh?
https://www.lse.co.uk/share-prices/sectors/fossil-fuel-producers/
Yes, and our sector is shining!
https://www.lse.co.uk/share-prices/sectors/fossil-fuel-producers/
From LSE
https://www.lse.co.uk/share-prices/sectors/fossil-fuel-producers/
Goody!
Pokerchump, you asked me what the share price will be at the end of the week.
You are asking me to predict;-
1. The world gold price.
2. The Greatland Gold share price.
3. Buy and sell demand for Prim.
That's an easy one then.
Share prices are always driven by sentiment, and until there is Board change here, with the new Board being co-aligned with shareholders' aims, then there will be resistance to investing here, as other similar shares such as Starvest may be more investable. Of course, if (when) there is change, then the scenario will change enormously, so that is for the medium term.
1. Let's consider the world gold price. My feeling is that the negative sentiment may continue a bit, but it can change direction with ease if the event of global news. I am going for an £18.50 price for the end of the week.
2. The Greatland Gold SP has been the modern-day equivalent of gold-rush gold fever, and was getting seriously overbought. The corollary of that is that the Institutions appear to be taking positions as a pre-emptive strike to buy in early, should GGP become a component of one of the indices, which is likely, imho. IIs are very savvy and will have a target price in mind and rigorous buying criteria, and the exit of the short-term PIs shares will be bought up by them, in a controlled manner. This will add stability to the SP. I suspect that they will want to get in at the 21 to 22.5 range, but there are a lot of IIs that need to get in.
3. The PRIM share price. Prim has a small MCap, and the SP moves easily in change in supply and demand, as the MMs don't seem to carry a lot of stock, which makes the SP more volatile. There is also uncertainty as to whether the company still holds the GGP shares, and the current Board has sold part of the holding, which would pay their salaries for the next year and have left the rest to run. I suspect that they will have sold more by now, hopefully at the peak, locking in gains as cash.
Taking everything into account, gazing into my crystal ball, and waving my magic wand, the answer is...............
4.2 pence to 4.3 pence with an upper range estimate of 4.4 pence. Interest in the share will pick up in the next couple of weeks
However, Dyor and aimho.
I hope that answers your question and helps you to understand how I look at share prices. I have read no books on the subject, I am only using commercial property valuation techniques, which is also about current and future income streams, and adopting capitalisation yields, depending on the quality and future potential.
Easy peasy. Innit?
A slightly disappointing day, but we have still moved ahead against a difficult market, so we should not be too disappointed in the light of this.
I could not agree more about the importance of Natural Gas and I know the Centrica Energy trading team pretty well and have been a member of the Energy Utilities Alliance, so I know the main players.
TXP should out perform the market very well, there are some very good opportunities for TXP to shine, long term.
Natural Gas is the only commodity that is UP today! Look at your spread bet commodities page, a sea of red with only one blue.
Very good news.
If you ignore the price it was when we had just floated.
From my post at 5.36 am.
The London open later on this morning should be in the plus 5% to 7% range. Not at the top of the Risers' board, but possibly in the top twenty. Paul has told us that there will be no news until the end of September, so my guess is that it won't be before next week, unless, of course, there is a massive flarestack showing after the drill has been completed.
My Trinny friend will keep us informed.
Week SP open - 78 pence. Prediction.
Week SP close - 83 to 85 pence. Range estimate.
AIMHO and DYOR
Let's hope that the market will do as it's told
The market seems to be listening, so far, so good.
Some of you may have missed the point that we have just beaten our highest price for the last three years today.
The most important thing today is where we go on the Canada Market opening activity.
My gut feeling is that there will be great deal of positivity.
W shall see, as always.
Dana
Thanks for having a look at it Tobin. You may be missing the point slightly. The Piech is merely a demonstration platform/testbed. If you were thinking of buying an EV would you prefer one that can recharge sufficiently for 300 miles in 6 minutes or would you prefer to wait for 3 or 4 hours? This point will not be wasted on buyers no on the manufacturers of electric vehicles throughout the world. Names like apple Microsoft and Google spring to mind. It will never catch on, you're probably right.
but I am too busy to look over all the posts on this exciting board.
Just to say that we are now a £Billion Pounds Company!
Well done to the Board of Directors and all LHTs.!