The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Could be fish and sand sales ??
Good post with reasoning, for those who the video ain't working, another article is covering the same ( not to takeaway from original post )
“Countries typically look to form a sovereign wealth fund to manage and invest excess cash from royalties and budgetary surpluses. While The Bahamas is not yet at that point in our development, we appreciate that we have valuable land and other natural resource assets,” Minnis Said
https://ewnews.com/pm-govt-to-accelerate-implementation-of-sovereign-wealth-fund
watching the ewnews link (thanks CC), the government are unlike to turn down the tax revenue, if anything the only thing that might change is they think it was given away "too cheap" and perhaps want a bigger share in future
Its exciting times as neither a ramper/deramper but instead a PI along for the ride.
Originally a CERP holder who bought into Saffron, I have to admit I'm disappointed about the performance of the share-price and how any positive RNS (not necessarily ref recent funding), with both with CERP and BCP seem to not produce the anticipated outcome generally
Similar to when Saffron-1 was drilled, lot of nerves around, like is the BoD steering us into bankruptcy. Personally I dont believe they are - I like to look at how much 'skin in the game' the drivers have, yeah they get a nice salary... however Mr Potter as prime example has 81m shares, and (according to the director dealings info) he bought 5m of them at the cost of £14.4m, not small amounts.
I'm not going to claim this is going to plan, however it costs money to explore and I seen a comment on here that struck with me being - if you want to sell the field to the big majors you're, best to be able to stick on that price tag on the asset and have other money generation opportunities so your not sitting with a begging bowl willing to take any offer.
Its been a long 10years for many of you and I'm certainly hoping this bet pays off also.
I'm the same on with ajbell and cannot buy even £100 worth
For once perhaps Trump will help boost prices, with American SPR top-up and Texas offering 10% output cuts
My only concern is risk of going bust or AIM delisting. Otherwise good time to bring your average down
Amazing looking at 48% spread with a bid for 0.74p, world is certainly in chaos. However given our own oiler has been in free fall especially since that RNS and other oilers I see kinda holding ground. What could the folks do at CERP that would be anyway positive ( curious for opinion ) ?
I'm going to do the same. This cerp rollercoaster (pandemic aside) only seems to have dips, with ride operators Tony and Leo nowhere to be seen. Pretty sure the Feb for the Saffron testing phase, is over we're half way through March
So agree with the sentiment here, I'm so frustrated with their lack of anything. Of course I hope this turns around. But should any of the CERP folks be reading this, Leo and Tony, you really need to produce the goods and soon!
Have you a co-ordiinate link bamps by any chance?
(Sorry) any new investments in companies or areas catching your eye?
Wow bigmj impressive investment. Any new catching you eye on the market these days?
Bamps - I'd just like to echo, I enjoyed reading your posts and I find them insightful.
Nice at least 1200+ ( if more tanks) bbls. Enough for 1 days storage then ??
Meant to say unknown on the untis
J99MES, I'll be honest as say I don't know. I see the numbers goto 400 (unit known by me) and although we can see 3 tanks, looks like the pipework is inline to 4th+ ?? Again not confirmed. So 1200 of something (hopefully not tea) .. I'm just feeling better the company is starting to communicate rather than leave a void
Looks good neon, I assume it's not a duster if they've put infrastructure in place. One of the cruise will be commercially viable and perhaps the start of the SWP expansion
So on reflection, that RNS had some positives for me.
1. They are getting the message PIs require updates.
2. In my opinion the share options had to be converted at some stage. They're more "like" us and have chips on the table which they Directors wont sell soon
3. There is $3.1m in bank (removing 2x $1.5m draws means there was a 100k left, oil is expensive and whilst not great I prefer the honestly)
4. If lower cruise in Saffron doesn't work out they believe middle cruise is commercial
So on reflection, that RNS had some positives for me.
1. They are getting the message PIs require updates.
2. In my opinion the share options had to be converted at some stage. They're more "like" us and have chips on the table which they Directors wont sell soon
3. There is $3.1m in bank (removing 2x $1.5m draws means there was a 100k left, oil is expensive and whilst not great I prefer the honestly)
4. If lower cruise in Saffron doesn't work out they believe middle cruise is commercial