The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi, Sprite, I agree with you that Potter probably did the donkey work on the Uruguay fields, but I reckon Eytan is doing a fine job, especially with the deal he made with Chevron. As he says, he can always sell off part of the 40% to finance the drill, so raising more money does not seem necessary. Plus he will surely get as good a deal, if not better, on their other field.
Surprised so few have watched the Malcolm Graham-Wood interview with Eytan.
Eytan knows what he is doing, knows where he is going and did us all a big favour by getting into Uruguay in the first place. Methinks we should stop complaining and have some belief in the man. As I have said before, I take him at his word and we should all be grateful for his foresight.
To be fair to Eytan, he has made positive strategic decisions regarding the company's assets and has given a plausible explanation as to why there is a delay to the farm out. He remains confident that a farm out will be secured and I, for one, am willing to accept his comments at face value.
Alhambra9 - your response to my bit of levity was puerile and ana*ly retentive.
We only get good news from this company once in a blue moon. Ooooh, hang on a minute.
Hi JohnBriggs, thanks for welcoming me back. Or were you being sarcastic?
It was unfortunate that the Bahamas drill was a bit of a mess. I lost a lot of money, as did many others, but calling me an idiot is a gratuitous insult. Your comments would have far more gravitas if you weren't so rude.
I suspect, should something come of CEG's latest venture, you will abandon this site rather than admitting you got it completely wrong. Of course, you may be completely right, but I am willing to risk a further grand betting you are posting vitriol and nothing more.
Hello, laallee, how's it going? How is your expensive pub, the Grenadier, getting on?
Are you still into this share? Having lost nearly £40,000 on this (not nodding) donkey, I have bought a further £1000 worth and hoping for the best.
I cannot see, what with the majors floating around the area, the Uruguay government not allowing drilling. Majors have a plethora of ways and means of persuading Governments to do their bidding.
hi laallee, I'm fine, but feeling silly, after buying some more and then reading your post. I do not like losing nearly as much as when I bought a few drinks in the Grenadiers.
jonnyboy, just how an*lly retentive are you? Could, for instance, a team extract a pin from your bottom, with the aid of a tractor? Or could a tug of war team remove a pencil from your bum?
Please tell me. It's one or the other, or, maybe, both.
Your missives show you have no interest in this share, except to put people off it.
The big question is - why? I know why. Not so sure about Druid, who is adamant I am telling people to buy when, if you look at my posts, The opposite is true. It is only my decision, and the post from Laallee made me think I have got this wrong.
However wrong I may be, you, jonnyboy, have no interest in this share, I have a massive interest in this share, so what are you up to? I can guess, correctly methinks.
can't disagree with you there, Antha. Starchild was a very naughty boy and my lack of common sense cost me a fortune. I should have listened to you, but my enormously high IQ made me suspicious of your disarming, but ultimately correct, logic. It is a tiresome burden, being so clever and so poor.
Druid, I am not suggesting people should buy. I was replying to laallee ,who is in your camp of thinking, and merely saying - oh dear, I have just bought some more and then, too late, read his post.
Laalee and you may well be right but I am hoping not.
Druid, no, it is not clear.
It seems bizarre that you, as a shareholder, are telling people not to invest. I find that difficult to believe, although, in your defence, I would advocate to my friends, if I had any, not to invest here, as the history of this company is terrifying. I sometimes feel we have done something wrong in a previous life and this is the punishment.
It is to me, regarding Uruguay, having seen £40,000 reduced to a few hundred, worth a punt as the price is so low. I have seen, and occasionally backed, horses who have a string of 000000s as their recent form, only for the trainer to have the gee gee pop in at enormous odds (watch out for Royal Ascot, where some outsiders in the handicaps strangely run way above their reduced marks and look no further than Reshoun who won at 66/1 last year and is being primed to do the same again this year (they ran it over a mile and a half last week and this is a 2m 4f stayer) - also Scarlet Dragon is worth a small bet, as Hollie Doyle will be riding it again. The big difference, of course, between a shrewd trainer and our directors running the company is the word 'shrewd'.
However, warning people on a board against a share you hold will make many people, like me, wonder what you are up to. I know what jonnyboy is up to - not so sure about you.
hello, jonnyboy,
dimwitted am I? Only in relation to this share. I have been on Countdown, Only Connect and in the recent series of Eggheads, my team won thousands when we beat the dimwitted eggheads. I also made a pile of money, as usual, on the Eurovision Song Contest, so am willing to chance some of that on a tentative bet on CEG to eventually post a positive result. The real question any intelligent person, such as I, would ask is - why are you posting on this board? You clearly think the share is worthless, so why post your opinion on a share you clearly think has no future. My superior understanding of ilks like you, leads me to suggest you are shorting it. Please, jonnyboy, stop being so an*lly retentive.
da prophet.
I assume you are questioning - why would I buy back in?
Why ask that question? My post explained that I think there is a chance in Uruguay
oh dear, laallee. I have just bought some more, albeit on the very low price, because I think there may be an opportunity to multi bag on the back of the Uruguay investment.
I may be wrong. Wouldn't be the first time.
I have to admit - I believed in the posts of Starchild, and hoped Star was right.
I put more money into BPC, in the end, £40,000.
I am now a poor man.
I would like to see Starchild post again, for, if not, he fooled me. Sadly, some others.
Que sera, sera.
I would like Star to post.
Some of us were advocates of his postings. I believed in him and backed up his interpretation of what was going on.
I wouldn't want to be proved wrong - for that would a first, in my imagination.
I note the comments of Garry and Srdoddy but have to say that just because the board are living their sybaritic lifestyle with our money doesn't mean they are all bad.
So unfair, all the comments about Simon.
OK, he was paid a lot of money, but, if P1 had found oil, you would all be thinking he was brilliant.
He also diversified the company. We would not be here if he hadn't.
He didn't throw the spanner down the hole. He went alone to try and find oil. He didn't like the options available to him at the time. It is drilling for oil. Most do not find it, at first attempt.
I am of the opinion the Board are doing everything they can to make this work, after a plethora of disasters that have not been their fault.
I have lost money, as most of you have, but give then a break. They are professionals. We are not.
laallee, hi,
I cannot afford to go to a place like the Grenadier. Not at the high price of their drinks and the low price of this share.
Surely there is somewhere cheaper near Victoria station.
I think I have to pop into London soon as I am in a team shortlisted for Eggheads.
I hope the first question from Jeremy Vine will be 'who brought CEG to their knees?'
There will be a lot of correct answers to that one.
PS George Galloway only used the word 'indefatigability' to confound the interpreter and get him executed.