The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
GGG, I'm guessing a raise at sub 12p more likely 10p as the instos will load up at this to flip at our expense.( I mean they can buy at virtually 12p now) So any raise will likely be at a discount. I've reduced my holdings here condsiderably, but still hold some to see what happens. The divis mean jack when capital erosion is significant. GLA.
Thanks Jezzoo, Joe, et al. More to mull over. Will certainly take millions to get into production, or if we can prove up further, how much will it be worth to entice and sell to third party. A bit of a gamble given the geo political landscape hence perhaps why repsol relinquishing the licence after all their efforts?
I think thus far Serenity has served as an anchor weighing down the sp. Will eog have sufficient funds to partner us. A more heavy weight partner would be a plus.
The upside potential is greater than the downside. However, to say that serentiy is not factored into sp is a red herring. If bad news ocurrs in this regard the sp will get hammered regardless. So cannot think minimal impact. Question is why the bigger fish are exiting NS rather than consolidating? This is not to be negative but to seek a decent case to the contrary of exiting.
In my humble opinion, market does not trust either the board , the assets and perceived production numbers smoothing as drills are not updated. Market has discounted the sp. No amount of PR will change it neither. Market is fundamentally uncertain with I3E. A lot of it is down to the way management approaches updates. Once this perception issue is resolved. We might see more traction. Certainly inaction by the board is not helpful.
"How can this be all blue yet the share price will not move past 30. very few sells!"
Looks like a sell order being worked in the background imo. Late reported trades may reveal.
Been looking at this. Chi sold 11m, however still holds 64m over 50% and retains controlling interest. Looks an interesting proposition this one. Seems to be in the right space. A few more deals would light this up imo.
Not taken a position here yet.
Noticed the large late reported trades. Let's see what the rest of the week brings..
Tony, I see the article as a positive, despite pressures of the green lobbies, the government has seen that a solution without encompassing fossil fuels would be fool hardy especially in an ever more geopolitically complex environment. Am expecting the government to relax further.
That article encapsulates the mirriad of forces but the government has seen sense. Ultimately it's government policies that count. Hence for me quite positive.
Https://www.politico.eu/article/britain-north-sea-decision-waning-leadership-home-abroad-felipe-sanchez/#:~:text=At%20the%20end%20of%20July,emissions%20and%20dependence%20on%20dictators.
I think uk gov will cave in further and offer incentives. Beggars belief you'd not want to secure your own energy means going forward.
NS is far from dead. Will need to bide time imo.
In the meantime, an update on the capital reduction is overdue!! WTI is climbing. Things looking good. However share price is an anomaly!
We are now mid sep. Capital reduction update was referenced end of Aug. If it is still in progress or pending court procedures/decision. Could at least tell us that the matter is to hand, even if via twitter/ X. Give some reassurance..
I would say that a below average Q2 should already be factored in, given the depressed SP. What I'm looking for is, any decent forward info Majid can provide as part a of Q2 update.
Sp down. Makes no sense.
Hi Whatcangowrong, last time Q2 released on 26/8. However no hard and fast rule being applied by BoD. Am expecting Aug end or early sep.
Https://www.reuters.com/markets/commodities/asias-refiners-face-profit-crunch-kuwait-cuts-crude-exports-2023-08-18/
Supply crunch inbound..
Thanks Vernetles, not speculating on what it might contain. Let's hope update is in August or at worst early september. Thus far update timing has not been great.
Last time was on 26/8.
So roughly end of the month to coincide with the capital reduction update?
Darteon, that's plausible given Sp action. However one would expect:
1/ raise price might be at discount to now (hoping at premium though)
2/ Any deal is immediately cash generative
3/ BoD give a nice update of our own too.
Let's see. Hopefully no need for tin hats at this joke price.
Agree Corry, my point was that they could have just (willingly) RNS'd that all progressing to plan. A bit of market reassurance.
Sorry 20 August 2023 is an error, rns just says August 2023.
Someone asked about date, this is the company timeline (dont know whether the company must update on each dateline, perhaps should have and has not, market hates uncertainty hence fall?):
Expected date for the directions hearing for the High Court to consider the Capital Reduction application
July 2023
Expected date for the hearing by the High Court to confirm the Capital Reduction
Late July / August 2023
Expected date that the Capital Reduction becomes effective
20 August 2023