The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
A meteorological event this week may herald another beast as we progress through January, so again highlighting the need for additional gas storage capacity and let’s hope a timely boost to the ML decision.
Agreed, if it gets to .2 before the next cash call I’m out. Will lick my wounds and move on. This will never be big enough to gain traction and is a lifestyle company for a bunch of guys parlaying the oil exploration game and getting paid for it on the back of a bunch of ever optimistic shareholders.
Not surprised more money needed to be raised, but shame it’s before there has been any substantive news. Increases dilution, if they are in such a good position why not fund through borrowing, very attractive rates about for safe and solid investments.
His world beating cycle team also has that name
Despite £1 Billion on the table for carbon capture and major push towards hydrogen development, there is still no movement on the ML. Fine rhetoric, no action.
Perhaps somebody got an early heads up on the radio 4 PM news item, just broadcast. The item reported on a proposal to generate electricity from compressed air, air is pumped under great pressure into storage tanks using off-peak electricity. Under pressure the stored air liquefies and then released to turn turbines when the electricity is required. So perhaps another potential use for the caverns!
Trin must respond, start by paying a 1p dividend and a send a clear message to the tin pot regime that mew investment will not be forthcoming and the strategy will be to deplete existing wells and RETIRN PROFIT TO SHAREHOLDERS. Come on Bruce wake up to reality.
Perhaps checking out facilities for the government's latest half baked plan is to convert ferries to house asylum seekers!
My ...... how times have changed!
Not so long ago yesterday's news of conflict between Azerbaijan and Armenia threatening gas and oil pipelines to Europe would have been the catalyst for a raft of posts highlighting the pressing need for gas storage.
I have been invested here for a good many years and for the most part done well out of Soco, a company that paid a decent dividend, retained cash in the bank and had a very good business in Vietnam. The disastrous venture into Egypt has sucked up all the cash and leave the business in peril.
There are other oil companies out there well-managed and doing very well despite the oil price plunge. My biggest oil investment Trinity Exploration is a case in point.
I agree that in 18 months or so oil prices may well recover as supply drops, the question is whether Pharos can survive until them, as cash will run out well before.
So continues the cycle, ready for the next fund raise and further dilution.
Half a penny divi paid in two installments would be very affordable at a cost of £2m. It would provide a yield of 7%, show a commitment to delivering shareholder value, encourage retention of share holdings and preserve sufficient funds to grow the Business. To me it’s a no brainer.
Tango I hope you are right and good news if generates a volume of work. I note their is no mention of profit margin. I suspect that in the midst of these tough times margins will be very tight. For me IM remains the jewel in the crown, not convinced we will ever see a substantial return from H&F.
Si, my sentiments entirely, can’t help but think that the ML can will be kicked down the proverbial road for a good while yet. Deeply frustrating and most disappointing