The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Nearly a week since placing and the bod still silent. " we certainly showed those faithful LTH who is the boss" says Yeo. " idiots" laughed the rest of the board.
"That will teach them for suggesting I am not good at my job" chortled back to the room , heavy with victory cigar smoke. Yeo added " Now I need to get on with proper business " as he scanned the local Bentley dealers looking for his company car upgrade.
If I were a major and had interest in boil and it's assets , I would chance my arm and put a takeover bid in at 50 million now, there are quite a few shareholders , so miffed off at the bod ,who are beginning to act like most Aim bods, that they ( shareholders) would accept the bid. The wrap deal was a disgrace, 4 hrs aftermarket, the placing price was a disgrace, and still nothing from Yeo. Allenby thought it's best to put another note out, as they have just benefitted to the tune of £300k in arranging the placing. It's all looking like a typical Oil and Gas aim company. I am still long and wrong and ever so 😞, not even a small rally from placing. Next one will be half of the price we are at now.
Mr Yeo has not got a scooby, it's Mr Butler who has the connections. If he went then our relationship with TL goes.
Yeo is just hanging onto his shirt tails. Yeo is a dreadful CEO. Like most on aim I guess.
Filthy
With all due respect , I first invested in 2018. That's long enough to get a negative ROI. I am not here to argue with you. But please don't go down the road of " I was here first , so I know better"
We have been lied too , manipulated and had the full Michael taken out of us.
Yeo is probably upgrading his company car as we speak. They cannot find a buyer or JV for Dunrobin, Chuditch 1, and now the guy is asking for money to drill another hole , to find a reserve that he can't sell either.
Why oh why did they choose to raise at such a silly price. The bod are liars and thieves. They have joined the other vagabonds .
Chill your beans filthy. We have all dropped our cods on here , I have been in it for a long long time. I was just making a point we are obviously going to finance a drill on chuditch 2 as the bod can't find anyone interested. So please reign it in
Jarv
I appreciate we do not get the 7.5 yet. But you would like to think it's a shoe in! If that does not materialise then we have been lead down the garden path.
As someone suggested .0005 placement ffs. It smacks of desperation. I bet Yeo is mates with Sanderson at ukog. Both are now swilling a bottle of very expensive champagne, laughing at our expense. Another glass sanders old boy
Yes I agree. So we have sold 15pct of chuditch for 7.5 million plus we get 1 million back from TL for back costs.
Boil has raised 3 million. So in effect we have 11.5 million of cash swilling around subject to it actually being paid plus what was on the books before. Yet the company at .0005 is worth 12.5 million.
I have had a few so please excuse my ignorance. Or have I imagined the 7.5 million for 15pct?
At least its a short month , and Mr Sanderson can get his pay cheque quicker. I am so worried for him, let's hope the pension pot is brimming, I am sure it is . Masterful how he has kept his gravy train running for so long.
Personally I think Mr Yeo is out of his depth as a CEO. He may well have a skill set in the oil and gas industry, but he does not have the skill set of a CEO.
Perhaps a change at the top will help, we appear to have things lined up, but a CEO must deliver shareholder value , must keep Shareholders informed and must not make assumptions . His car crash interview was a prime example . If he is up for election then I will vote against him retaining the CEO position. This is just my opinion.
Filthy, you are correct in your assumptions in my opinion. The said negotiations the board stated 6 months ago have clearly not developed. The stated pregnant with news has not developed. The buyers have dried up , probably because everyone is long to the ying Yang's. Not had any PR, we only remember the bedroom interview. To which IF I was a CEO and took that flak, I would do my utmost to reassure the shareholders and do another , more professional one. However they clearly have nothing to say. My feeling is the bid are treating this as a private company and only talk to us when they need a top up. Otherwise they do not give a monkeys. Let's hope we are not another ukog , all fart and no Poo poo.
I wonder, perhaps we need some bad news to go up! This is so dysfunctional it borders on manipulation somewhere.
Any other company that comes out with the last two positive RNS would see a significant and sustained uplift . But no not boil. It's beginning to become a tad concerning and perhaps those concerns are with BOD. The PR on this company is shambolic. It feels like we are a dirty secret, or dare i say it , those in the know do not trust the BOD. IMHO. Just doesn't sit right .
Unfortunately it's going to take an offer for the assets before this moves, and if I were a company interested in taking out the Boil assets, why bother putting a premium bid in, if I can slowly collect the sharea in a dysfunctional market, Set up various Spv and just start buying the stock on the cheap.