The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
On shallow 1g is very good, they dont have the same cost of large machines doing digging et c
There are lots of buys going on L2 in this range
I’m wondering if it was an attempt to buy cheap shares because the good results drilled almost around same time are delayed for no reason. I’d wait until them to decide
One/two large sells but anyone who has read up on O’Neil and technicals know how institutions hide large purchases
We will know towards end of the day how many buys were on back of impatience sells
Results won’t come before August mid to end
I’ve been telling this since June
A person with a lot of insight into these things told me to wait until end August
People with expectations that they will double or more by mid July have been frustrating and leaving for better opportunities
It’s just a paper loss until you sell
What’s another month ?
More money from the impatient to the patient
If you can make 30-40% minimum by august why would you ever sell
where can you make that kind of return
Give it until August, initially I thought May we will have some drill analysis. May to august is not an earth shattering delay
I pick up some more on today’s weakness
It’s not always it will last
This who sold probably got their breakeven, good luck to them
There are better scripts for those without nerves to hold out. Scottish mortgage trust is one of them and it generates 30-100% a year without much pullback
So instead of June we are looking at august
It’s not bad
The spread is very low lately
I don’t comment frequently, last time I was assuming we might get results in May but another 2 months should give ample opportunity to top up
Just saw the rns that Premier fund invested, I wonder why a fund is interested in a small company and if they have been reading steeltitan’s honorable attempts to save small investors in ntog
Roughly 3m from tailing and money in bank including money last raised.
In september they said the following:
It is too early to report gold and silver reserves but internally we are targeting aggregate gold from all our properties in a range of 500,000 ounces to 1,500,000 ounces.
£1m net net valuation for that quantity of gold !
As I said earlier, April will be a fantastic for GWMO
Not counting copper
I think all placings take 2 week to plan. From my previous experience with Turner Pope, they would call and ask for offers at the current market price. Usually shares in aim are not very liquid so they would offer a small discount. Either way any rights or qualified investment proposals called qip in some jurisdictions are arranged at 10-15% discount as you are commiting to a holding period as well us buying in bulk. Like in all markets bulk buying attracts a discount.
Most of the time these shares dont come into your account the very next day. Sometimes its a week or 2 for these to arrive in your account
Any selling today is most probably those who bought earlier but didnt anticipate a cash raise
I missed buying this earlier and have bought some based on what I read and now that the company has cash, I think its a very good opportunity.
"Where’s all the 1 p brigade hiding?
Vanished into thin air.
Fooking flyby pumping posters"
haha, Most people are not full-time traders let alone full-time commentators with no material or negligible even, ownership in the company :)
“ What you must understand oil in the tank is as good as hard currency.”
All of your points are already discussed here but I find it intriguing that you want to buy “hard currency” at a discount
Wish billy would understand npv is not what’s in the tank, It’s what’s recoverable from the ground
The if’s and be’s would be good arguments if the npv was done by someone like the management or him even
Those who have not bought, good luck and thank you for the research as the more we dig into it, the more clarity it brings
Just sad that all your time will not be rewarded whereas all mine might be or might not be rewarded
So my time is an investment and what those who don’t short notice but is at most a good forum to test manipulation scripts, hahah
"$30 million of investors’ money"
This amount sounds about right however in July 2020 when price of crude was hovering sub 40s, the NPV of Pine Mills and Permian Basin was $24m
Price of crude is on the rise, so npv is likely to be 24/40x60, roughly $36
Most companies trade in the region of 10-20% discount to net present value depending on how close they are to producing
NTOG is trading at probably 10% while in the process of producing
As we keep getting subsequent updates from now to next 2-3 months I dont have any doubt we will be atleast 50%, possibly more of that npv
If crude prices go to 100$ as some banks are now predicting, thats a solid upside.
The downside is what, it might trade back in 0.30s ?
Currently the market cap is roughly $5.5m, putting it at 50% of 36m is 3.2x current price
I think thats a fair risk/reward ratio
Long term holders are bitter for right reasons but going forward company was cash flow positive as at year ended December 2020
Subsequently new well in partnership has brought in extra free cash without expenses
A second well is now planned
Out of 2400 acreage, first well was over an area of 80 acres.
So there is potentially another few wells that the company can place at the current price of crude
Even if 10 wells can be put, the potential relatively speaking with respect to current market capitalisation is huge
Traditionally companies that turnaround are highly rewarding when it comes to owing and buying their stocks just before or immediately after the turnaround
I would give it another 2 months while economies come out of covid and crude holds or rises in anticipation and increase in demand