The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"Global offers upside far in excess of any peers (both in Namibia and pure exploration elsewhere), and we see the
likelihood of securing a farm-in partner as significantly better."
"pure exploration elsewhere" I wonder where "elsewhere" is ?
Regarding an rns, normally it is the broker that releases the note and not the company
If so when will Panmure release it to the wider market ? it is just their clients that have the note currently.....first dibs and all that
I made a point of stating the 152p was undiluted, so keep your hair on
Broker notes are a point of view, of valuation, neither you or I will have any say in what the sp will do
However Panmure's clients will be in the loop and will have the broker note ahead of anyone and will also have more of an idea where the company is going regarding partner deals ahead
What is clear, there is substantial stake building going on and they need certain types to be de-ramping to loosen shares for those trying to load up as cheap as is possible ;--))
My guess is they will have to rns Monday at some point now, even if they were not going to lol
The 152p is the full price undiluted and 15.2p is 10% , which is a £30m M/cap......I remember being heckled for a possible £40m M/cap/20p, which I think would be very possible. After the initial 3.4p, which apparently is very conservative, any deal or drilling success around us or both will significantly re-rate . Imagine being partnered with a spud date ? A discovery would put us in a whole different ball game ;-)
The note must be due out this week, it is obvious others have been aware by the increased demand for shares
It is very unusual for the mm's to allow you to drop 1.8 million shares from the sky in one hit . This has been the case over at least the last two trading days..........enjoy the weekend ;-)
For someone thats meant to own Char shares, you do very little posting on the Char bb, 2 pathetic posts that look like you don't know a thing about Char and then 8 posts on GBP, which you don't hold and definitely know nothing of.......geewhizzz
This is the mid case net resource number and current price (US$) , just shows how hugely discounted compared to our peers
Peer analysis of pure exploration E&Ps
Company EV/Prospective resources (USc) Net resources (mm bbl)
Global 0.06 3,802
Chariot -00.4 710
Argos Resources 0.57 1,201
Bahamas 2.22 2,846
Tower 3.18 154
Eco Atlantic 117.49 2,551
Here is a snippet of a Panmure note not sure if fully published yet . Most already invested here will know what it says in terms of the potential upside, with strong farmout potential and huge upside. Ignoring Italy (which might see legal developments next month re the EU case) etc their valuation per share estimates based on Namibia are:
- "extremely conservative" 12 month target price = 3.4p
- Risked NAV = 15.2p
....the risking is roughly 10%, which makes the unrisked NAV estimate per share (ie full upside, but assuming no dilution) err......um....
.....approximately 152p. Per share.
nb.....there are no typos in the above, by the way
Other comments:
"Upside far in excess of any of its peers"
"Materially undervalued"
"market does not appreciate its potential"
"markedly cheaper than its peer group" (other than TRP)
.....a farmout or deal will rectify all of that, IMO......
The directors have taken a pay cut, at time of increased activity in Namibia and within the company. We will soon find out whether they have been earning there corn.
The Peter Hill will have taken a pay cut coming to GBP and probably thought it a short term move. Having got us through the sectors cycles and exploration ups and downs to a point where we are drill ready and deal ready
On current form we will be seeing further news this month for sure and possibly next week. All to play for imo
M, No wonder Paul Howlett's presentation to the Africa E&P summit 2018, was titled "Hunting Giants in Namibia" ;-)
Here is the latest list of speakers for the Africa E&P summit next month, there are at least a couple of regulars missing from this line up including Eco's Gil Holsman. They may appear in the next speaker updates
HTTP://www.frontierenergy.network/africa-ep-virtual-summit-2020-speakers-governments
Worth noting ReconAfrica over on the TSXV up 30%. They just raised C$10m @ C$0.70 per share, closed tonight @ C$0.89
HTTP://www.newswire.ca/en/releases/archive/August2020/04/c6651.html
Recon about to ship an onshore rig from Texas to Namibia and drill 3 wells, expected spud early November
"And then afterwards, as you agreed in your post, there would be even MORE dilution when (or "if") the combined entity raised money for multiple wells... Nightmare!"
Oh dear, you are the worst de-ramper yet lol...........of course there will be a placing, that is the whole point of a company having a listing
If there were any deals to be concluded, I would suggest any fund raising would follow at a significant premium to the the current sp.......
On the subject of keeping the sp down, it takes very little news to increase the sp here due to the very small free float
Very recently I was asked if I wanted to sell my holding, which I declined and then you turn up......coincidence ???