The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
GRH I am in danger of developing my first huge man crush.
Got to be long nose. They say the Weber 40 actually did not provide the power it claimed. But you still would take it.
You can look at that to add to the collection.
I would love to make profits to afford a 190. Investing as one becomes painfully aware is about knowing your levels.
Morocco though is so multi faceted that a hit means so much can be achieved with relatively few shares.
When you add on the service element of Trinidad and the ability to extrapolate off it , it fires the mind. This stock offers the chance of something quite different than other energy plays.
Ireland I try not to think about because then you start hitting wonderland. Did PG buy some wonderful acreage there.
If he can hit first gas Q3 2023 well you have to start looking at Alfa's 8C 2900 Touring Spiders.
Got to go to the twitter page now...
I liked Paul Hollywood's City bakes. But got to say it GRH your baking analogy excited me far far more. Never thought it could happen. Beautiful description, exceedingly elegant in construction.
Could you be the new tv crumpet we have all been looking for?
I wouldn't even mind a soggy bottom here actually I'd love it.
As for cars you gotta get a Ferrari 275 GTB 4 cam. Mercwise, it's the Gullwing or Roadster on successful execution. Personally, I think the Roadster is far better hard and soft top.
When you had the lastminute.com fiasco IPO that was the tech stock that was seen to be the high and the low of the market. At least Uk stock prices are so low to other markets it cannot clobber us all. But it sure suxx.
It will certainly encourage a little more focus inside and outside. It makes them feel they are more under the microscope and aids accountability. In this case I do not think that is a bad thing.
A no confidence motion is tabled. Ninety nine percent likely it would fail but it would give him the ****s. They don't like that in the open air. Dissatisfaction being that public certainly does not look good for a CEO.
It gives them a hard shat across the bows and makes them smarten up their attitude towards sharehoilders. He may feel the need to communicate with them. He is way too comfortable in his ivory tower.
Extraordinary General Meeting needs to be called by shreholders so all know what the hell is going on. Also JD can take accountability and inform shareholders of the path ahead... or whether it's time for CEO change.
PG wants every last penny out of what he has. Trinidad from the interviews was for the service element. The other oil companies prove up the resources and he moves in with his team and oversees the drill.
Way too much money on table for him not to execute as he can gear up exponentially. Finance wise it is a free call option for him. The time is they are both falling perfectly into place now.
Both elements work for him. He may sell up after both have been executed, but, from interviews he wants both so he gets top dollar. For us successful execution means mega bonanza.
He had talked of selling Ireland about two years ago to develop Morocco. That was when it looked like a slog. But now when he talks first gas Q3 2023 and he can JV up easily, likely he will take that as well. It ain't called Predator for nothing.
As for other buyers right now if it comes it comes. On a successful drill it is kicking in big specially when they look at the green credentials of the company and a potentially world class services business ramping up in short order.
Alot of people are aware but there has also been individuals on the boards saying it is not necessary, when it obviously is.
JD in his final Proactive interview had to have it dragged out of him that another placing was on the cards. That was not the upcoming placing we are looking at now, but the previous one. Tech was strong, not sure how it relates now to the others, as we are kept in the dark by management. The whole enterprise could be presented a thousand times better.
In his interview with Malcy, he stated "when the money is available you take it". You can't delay needed the money quickly for what is planned ie a Morocco drill that is being expended on right this second.
The prospectus is changing because right now deals are taking place behind the scenes that cannot be disclosed another element that he informed Malcy of openly. We have service deals and potential JV deals popping in as we speak. The company now is at the cusp of being a real material producing asset.
If people want out now frankly it is great for those looking to bang some more shares away. If you can put some more stock away (without overexposure) at these prices just say thank you.
Reply Morocco and Trinidad we are looking at real movement with the drill bit this year and in Morocco in months Q2.
OUr gas field right next to the recently purchased Conocco fields. That ups the value of our acreage and masses to exploit on top of out direct drill.
Ireland in his interview 6 months ago stated first gas at q3 2023. Now with the way their energy supply is in the doodoo we will get moved along most likely alot quicker. All we are hearing are the energy problems. GRH was on the money with supply centres. Meantime Morocco and T+T moving superfast.
We may get a bit more pullback next couple of weeks at most . Definitely time to keep nibbling away as the base is built.
It's just creating a base. We have had a significant ride and some long termers may have locked in some gains and leave the rest for free ride. Some of the momo crowd leave. This leaves guys like me nibbling away on stock to add to holding as and when we can afford it.
There are two significant floors 12p old resistance and the 10.5p place which PG was clever to take.
Bottom line we are looking at multiples at these levels and now it is about getting time to accumulate from a base and build from there. The fact is more news can drop, so short time frame for us to add. We have transformative news on two key areas in a couple of weeks and a few months, at the absolute most.
Got Schlong-ingestment filtered. Those trolls always have names opposite to their intention.
Right now we wait as our stock sits poking the ceiling. One piece of news and we are play on new ground.
With lockdowns everywhere and Governments concentrated on testing for variants and all other areas.
This looks like the secular bull destroys all in its path.
They are generally dumping around 250k-500k in shares depending on volume of the day. They can now sell down and we can take it more easily. So when the contracts get dropped any effect from Invesco will be significantly reduced.
The actual sell has been pretty well managed. At most we are talking weeks of selling. They may keep a few for the nest leg up and sell through that. But as stated we can now support that much easier. When contracts drop they will have very willing buyers.
The buy price now 30.7 and the sell 30.35. Has not done that for a little while. Could just be MM games but suggests this could be the week.
Of course we are all waiting for the CHIMS to strike when they start hitting the party really begins. Then as for non core assets getting moved break out the bottles in a real serious way.
It's behaved really impressively. Volume seemed to really kick in under 13p for buying which suggests floor is around here for time being. As for ceiling we could be testing that very soon.
I'm tempted to top up but went pretty deep very quickly portfolio wise. Looking to feed in profits elsewhere here as reward available is extremely hard to resist when one factors in sheers scale of the assets some already derisked..
Bassett as usual you talk complete rubbish remember you on HUR and BIDS.
Natural for a pullback from a sharp run up. Share consolidates and with further news moves on.
No one deramping both of us just stating the natural cycle. The placing price acts as a floor for investors looking to get in to build a healthy position for the drills. On a 12 month timescale, probably, alot nearer than that as Morocco is moving along furiously fast we should get plenty to speed us along.
But a nice healthy pullback should be appreciated and taken advantage of.
The scale of the follow-ons as yet are not fully quantifiable, so natural that many may not grasp the enormous upside present.
I think people look at the size of the company now and factor in a ten or twenty bag potential play. Then work their way back valuation wise pre drill. It's what creates the skew on a positive result. The ownership factor I think PG takes as red and does not highlight the level of asset we own compared to most small caps.
Moroccan assets are already producing within that area. Its most likely one huge continuous resource when screened to its base level. Morrocan resources when one looks at Potash and oil and other areas are just mind boggling.
Bottomz you could end up being THE long term holder. BIDS is at the genesis of a new area of the advertising sector. So there are obstacles. The question we have to decide is, does the progress suggest they are distancing the competition or being distanced by the competition? The further "extended" sales cycle and the unexplained one off payment were not great.
The guys at Anzu are increasing in terms of exposure as well. That is something i do not like seeing.
The real difficulty in ascertaining how well we are doing on top of that is that there is a CEO in a bunker who refuses to now communicate with shareholders in open forums. In the past in other forums that has been a red flag. May not be here but previous history for me has not been great when it has occurred. If you believe in your product and how it is progressing leave the bunker and engage.
As for Helx he is not a paid deramper, the guy got burned by believing all was well and revs were gonna get hit when JD stated he was "very happy where we are". He like ninety percent of the board felt that cold steel right up em and did not enjoy it.
I think what raises others ire is the sheer nonchalance of JD towards shareholders. JD should be communicating with holders as they are holding his stock and they are maintaining a price as the next placing occurs. Gaming companies have been going gangbusters test spends have been made. JD should be giving ideas on timescales and rates not leaving shareholders in the dark hoping and praying.
We may get a pull back but the placing at 10.5p works to provide a floor, so we should not see large shocks (touch wood).
Some are naturally de-risking. We all have different timeframes and risk parameters.
But those on here are for the grand journey. Personally for me just looking at top-ups.
Bloody drastic difference between the two CEO's. I think even Bottomz has given up the pump. The Bidlievers group is looking like the Bidleavers group. Helx who like myself was mad keen for this stock can't muster up the old anger, he once had for JD. JD used to provoke strong reactions, now its sunk into a collective blah on all sides. This is the most damning reaction of all.