The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Next week very likely RNS if I had to guess
Can I ask, why is this company only valued at 4m Mcap? I mean the have 2m in cash and couple of licenses from what I saw in their presentation. Assets seem to have great upside potential as well. Shares in issue only 812m. Normally oilers are diluted to oblivion and shares in issue are +2 billion. Also I could not find how many barrels of oil they targeting in the drilling of the venus well and how much COS, and I read in one of the RNS that they were expected to start in 19 november(tomorrow)
I dont understand such a high spread in this share. I mean what the MMs are trying to do? I understand they want higher gains but at the same time they killing the trading and they scare investors... I mean who wants to start a share at -20% lol
What is more interesting than Buffalo into future is the acquisition they gonna announce in the upcoming months. Thats gonna unlock even more potential!!!!!
A lot of selling happening last few weeks as people want to free funds or do not have patience, this is due to other explorers giving results and moving on but Lexington is taking to long for each drill result....
I am still not selling despite being 17% down, I believe there is amazing potential to be unlocked in the assets, but things are taking too long IMO
"First year gross Buffalo, FCF = US$ 276 million (£205m)"
Please note that this is with barrel of oil at 50$, and we are sitting at $80 right now. So expect a much higher cash flow, especially considering that shortage/demand of oil is expecting to last 1 or 2 more years at least, with price predictions ranging between $70 to $100 in 2022-2023
If I remember correctly Buffalo is fully funded already as ADV raised £21m cash and Buffalo development is expected to cost less than $20m.
Expecting a minimum of 100m Mcap (SP of 9 to 10p) after drill results and RNS of the new acquisition that ADV is targeting by the end of this year. Once production in place, ADV could have 1/2 billion mCap or more...
Currently sitting at -15% loss, whereas back in May I was sitting at almost 60% profit. I should have sold while I could and never look back. Completely dissapointed of how slow is evolving this share and the company. If this keeps like this we might start to see the SP at 2s soon enough.