The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I was a bit unnerved/frustrated, Carotteater sums it up well... not up beat or positive.. still too may risks AND UKEF finance application NOT in "almost ready to be submitted" and than process takes "a minimum of 3 months before we get an indication as to if we are going to be successful" exact words.... I wrote them down... SP will go no where (unless external impact e.g. POO rockets) For first time I have come away with the distinct possibility that sealion may never actually happen, or if it does we are years away...
OM we should know where this is going by end of year, payment tho may not be this year, and if it was $50M then RKH would get $25M of the award, $60M if award was $100M. Brexit not an issue that will impact this... but SM again clear we may get an award of 0!! SP reflects our position I am afraid, too many unknowns for any upside to be added in! Payment legally can’t be used for either a divi or for pay for BOD
Clear and honest presentations... still lots of if’s buts and maybe, “hopefully by the best do the year we will know IF the Sealion project is “potentially” going to happen. So much rests on funding from U.K. export finance... (UK Gvt) for the senior debt to fund the project. FIG want it.. and also v much in hands of PMO who want to farm out a portion. This is NO slam dunk, expect little news until end of year... Hold at best, low 20p SP for months.. and it may NOT happen!
agree
i for one will be there.. and will make decision whether to sell my holding or stick for another year... really can't see how this oil is ever going to come out, and fear its PMO's decision in any case... RKH board just passengers.. and well enumerated ones at that. All the climate change focus and environmental issues must make this harder to realise as a potential... BOD have missed the boat by around two years... frustrating... Would urge as many as possible to attend the mtg
Cubane, I share your concern. I am going to the AGM this year as following what I hear I will either bail out (which I am v minded to do having held shares for almost 10 years) or hold for another year. All the rampers have so far been proved wrong, whilst the oil is there and the world still needs it, .... Governments, Lenders and indeed the big traditional oilers all moving quickly to green... and the will of the people in that direction. I think opening a whole new filed in the pristine FI area is just a step too far.. Gulf, North Sea, Zama, Nigeria etc etc still git lots of life yet.. board have been too slow, we have missed the boat and II prob feel same as none taking big positions at this so called margin price... I fear the dream is over....
PMO well over £1, and up 1.5% POO up, v slim volume and no II's in sight... beginning to think the naysayers have a point.... maybe if you shout STRONG BUY long enough someone may believe it.. markets not pricing in any hope of significant OM upside... Zama before SL? think its time to sell and come back in a few years..... zzzzz
Mmmmm a bit too excitable from some me thinks. Signs look good for this share long term, and we all want it to be, but until FID and OM this is a mid 20p stock. Don't get goaded by either the rampers or de-rampers... preserving cash is always a good option, esp in the short term without hard news..... preparations for FID are one thing, FID and Sanction another ball game. It will be 24p before 30p....
possible, but people taking stock today, decent move yesterday but no cause for getting ahead of ourselves. However pessimistic, carroteater has a point... no hard facts yet, just a day closer to OM and a day closer to FID... until either of those become reality this will bounce up and down a bit, if and when we get real news then this could easily be north of £1.... as for me, I have topped up this am... I believe, but its a long term play... When it pops of course good to be in early, but jumping in on the back of real news even if price 40/50p plus will still give great returns... calm needed...
hopefully not a false dawn, but a few people taking early positions in advance of Q3 when we should know more certainty re both finance for SL and OM results?... priming of the pumps may be?.... I remain the eternal if not slightly deluded optimist...
Held and traded this share for years but have become much more doubtful about its future, especially as it misses its own deadlines re FID (think we were due news by early Feb) however with such a complex set up in a “pristine” location this was never going to be easy. FID and Sanction can be almost simultaneous? Or at least v close together? I don’t expect anything pre Brexit, with bad news for U.K. eg Honda gvt would want a big positive announcement early April... plausible?? More patience...