The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I've been here before, waiting on an AIM POS for abig announcement that's going to change everything. Oh how thos eshorters are going to burn, the MM's get caught with their pants down on amd on. Then the announcement comes and nothing, maybe a small rise but just as easily a fall.
I think the truth here is that we are caught up in the low life wheelings and dealings of AIM. I'm not expert but I feel we are being set up some how.
I'll prpbably get some stick for this but believe me I have an unhealthy amount of SOU shares and have been nothing but optimistic. These market movements make no sense. If you think we are going from sub 30p to anything more than mid 30s I think you are wrong.
Sorry thats just how I feel. Nothing wrong with the assets, JP and team we are just being played somehow.
Photo,
No you didn't miss any posts. I don't post much at all and haven't been following MXO at all until I noticed the SP. I remember a few years back getting slammed on this board for selling at something like 2.5p and then the SP went to 4p or something. What is it they say about hindsight?
I'm heavily in Sound Energy and have been for a while. They've just started a three drill programme in Morocco which will either make or break them and the SP has taken a battering in the last 12 months. Sorry to hear you're still trying to get level. Do you still have the shop in Dorking?
If making a killing in the stock market was easy then everyone would be doing it. I must admit I don’t understand the SP weakness at this stage in proceedings. It must be worth a punt, three chances at a probable rerate, say 30% COS each time, not bad odds for a little dabble I would have thought. I’d be lieing if I said that the apparent lack of interest didn’t bother me but not much we can do but wait it out. This is what we’ve waited for but it’s getting nervy I must say.
They had better hit the motherlode on TE9, We couldn’t go through this twice more could we? Liners, share price, leaks, peoples moods....what next? I’m going to be wearing my Get Lucky underwear for the next two weeks....well it worked 30 years ago, no need to change a good thing. Glad I never washed them.
Bluboyz,
From the website:
"Webcam temporarily suspended during drilling of potential reservoir sections. To be re-instated in due course."
I don't know what that means technically ther than they must be close and could hit gas at any time.
I was a bit surprised by how quickly they reached the second casing but not being an expert I'm not sure what this means for reaching the first target. When do we expect this to happen and then how long after for the Paleo? I'm guessing we should hear something Monday or Tuesday next week based on progress.
Mexico, that’s the place to be if you’re a top oil company. I saw some pictures once, the oil is just sitting on the surface, literally you could just vacuum it up. It would be soooo easy. MXO should take a look.
Gaspunter, there's nothing for you to see here, you should probably move on.
I see from your earlier posts that you fancy yourself as an investor and kept your missus in good style (I did too by the way). Did you always do your research by asking idiots like me to tell you what to do?
Joe, you are right about the casing discussion of course, that's fair game. I just wanted to see if there were any views on the SP and the reason we are not a bit more stable.
When we dipped a few weeks ago I put it down to day traders, shorters and MM's trying to get some cheap shares (maybe a last chance saloon type of thing) but after spudding I thought we would be a bit more stable, who would have the cohones to short this under current circumstances?
DJ
A lot of chat today about the significance of the RNS. Fairly straightforward announcement, all as expected, no problems, on we go. i think more significant is the consistent drip of our declining SP. I hope I am wrong because I'm balls deep in Sound and after three years of holding have no other choice really but to hang in. We get encouraging wprds from time to time from JP, two weeks ago for example we received a Churchillian missive from the leader, followed by the infamous field trip and the spudding of TE-9. All great but why does the market not share at least some of our excitement? We're down 10% this week alone. I didn't expect a great SP increase just yet but surely we shouldn't be dropping like this. If our prospects are so fantastic why is the market not seeing it that way? Are they toying with us, trying to bluff us? Are the dark arts of the shorters behind this? To put it simply if everything we have been told or has been intimated is true surely folk should be snapping up shares at this level. But they're not, it's just the constant drip of decling value. We'd better hit the mother of all gas finds here or I fear we might be doomed before we get to TE-10.
Hello friends. What an f’g week we’ve had ending with the proverbial Fergie half time speech. I’ve seen some discussion about headwear and just wanted to remind some and introduce others to the immortal words of Donald Fagen and the late Walter Becker aka Steely Dan:
Ain’t never gonna do it without the fez on.......
I hope those of you out in the desert can pass that message on and make sure everyone wears one under their hard hats!
Good luck all.
For those that might remember me I’m back in the UK after 18 months working in the US. I’m glad to see things building up nicely but don’t expect to see any rise in SP until drilling starts when I hope we will see some more interest. It’s really down to the odds of success at that point, almost a straight gamble. I am in the process of moving SOU shares from a non ISA to my wife’s ISA, all £20k of it so I’m happy to see no upwards movement this week. Souls on Tuesday and hope to buy back in today or Monday. Will lose some shares along the way but that will be minor when this starts to move. Anyone sitting on the fence should take advantage now in my opinion, only a few weeks left at this level I believe. Hello to all SOU holders, have a great weeken. PS, I am not a Dr, I only play one on the SOU bulletin board.
Crude and neptunes, good to see you are still here. I only pop my head in from time to time to gauge the sentiment. Not surprisingly there are a lot of negative characters popping up. Obviously I'm not happy with the current SP but I've been in for three plus years so not about to sell now as I'm only even. Seems like a big change of tactics from JP, last year you couldn't shut him up now we don't hear so much. That's not a negative in my view I thought things were getting over-hyped a bit (golden tickets etc.). I will say I never thought I'd be wishing to see 50p again! I guess we are in for some news imminently. Is there an event or conference call scheduled in the near future that might give a clue to when we can expect the next tranche of news?
I'll drink to that!
I was invested in PPC a couple of years ago but sold out. I have continued to follow them however and always had an intention to buy back in just wound up with different priorities. They seemed to have turned the corner so this is a shame. It might have created a buying opportunity though for the brave!
Just bought 124k shares.This ismy second time around for PPC, sold out earlier in the year at 12p butlike the recent newsflow and expect a turn round here soon. Nothing huge until POO increases but they will be in a good position when it does.
I sold out at 2.15 a few months back at a near 50% loss and it hurt. Now it looks like one of my best trades of the year. Sorry to all of those that are still holding. For what its worth Pantheon still has potential for significant upside if you can stomach more Texas oil! Good luck all.