The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The IF funder's appetite was probably heavily influenced by Greensill collapse. That's understandable but it was an obstacle rather than a brick wall. Has taken time to find a way round it but I think we are nearly there.
Again this is not a contract win for CTEA. SP will spike then drift back as people realise, it's a collaboration agreement (i.e. CTEA are not getting paid yet) with a single company that are part of a framework agreement (so Promake may or may not get a contract). Even if Promake do win a contract, CTEA unlikely to earn back their initial investment for a while.
Id say £3m mcap is overvaluing a company making a five figure loss each month that has little IP of its own..and still no real sales. Enjoy your spike though.
I was 100% correct as per my original post in this thread. Hope no-one got fooled into buying this.
'I have strong feelings ctea will win a big contract' says one investor who has put all his money in this share.
I suspect if you are buying shares based on 'feelings' and not actual fundamentals, then not only are you going to have a bad time with this share but you are going to have a bad time with all your shares.
There is nothing here to invest in. No long term strategy, no contracts, no strength in management, no profit. But yeah...'feelings'... go for it.
GLA
I’m reading it differently. If you count net oil revenues from date of takeover (16 March) to end of Q1 and use $60 it is more like 1000 bopd. I could Be wrong though
Page 18 - 5d
The acquired business contributed net oil sales revenue of $0.5 million and $0.107 million of the net income incurred from the date of acquisition to March 31, 2021.
Am not sure the issues can be laid at COPL's door. The FCA were demanding useless work be done in order to tick one of their boxes, and then it takes an age for them to approve/respond to anything. Art could be accused of being optimistic but thats not going to put serious shareholders off. There is a forward plan that is clear and profitable and every day that passes they are taking oil out of the ground. Fundamentals are now solid. Just need the paperwork out of the way.
This is getting pumped again for the umpteenth time. Look at the fundamentals, look at the lack of contracts and sales before you buy into this garbage. Take a note of the names on here saying 'this thing will fly' 'RNS imminent' and see if they ever come back when the inevitable drop happens (probably mid morning monday as per previous pump and dumps).
Don't be played.
Perhaps he was observing local covid quarantine rules?
@blaimthrower - I too got pelters for urging people to look at the fundamentals instead of the 'secret contracts' and gov app rumours. There is no saving some people from their own folly.
My conscience is clear. Glad I got out and sad that some others didnt follow.
‘No material revenues generated’ by a health passport company during a global health crisis.
Told you so.