The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Im of the opinion there isnt a bank that would lend millions of dollars against a well that was found to have gas but over a decade ago, if the well drilled later this year confirms the discovery and the estimates then the banks will be queuing, it worries me that we couldn’t find a partner on a prospect that is reputedly proven
The last few weeks show just how leaky Chariot still is, shares dumped by those in the know, im kicking myself so hard because the order book as shown on L2 gave the warning signs, but this is a lesson not to get emotional with a stock for me, i am not sure what i am going to do ,but if i sell i wont do it on the next few trading days as i think the inevitable sells will bring us much lower before we bounce, one things for sure, this is precisely why we don’t attract investment from institutionals, im gutted
We have allways had a leaky ship, the decline is driven by information us mere mortals are clearly not privelaged enough to know, potential deal gone wrong or fund raise, we have not had a sea of blue buys from the order book for weeks, at what point do people start buying a few weeks ago any drop got the buys flooding in , now there seems zero appetite, something is definatly not right, a simple update on where we are in regards to drilling plans, funding, might steady us but if radio silence continues god knows where will end up, we need something pronto
Oneryan1 so frustrating when LB departed i sighed a massive sigh of relief, thinking the days of months drifting with no news were behind us, frying pan and fire spring to mind, Goonerpete i remember. Char loves a friday saying from my lse board days with tuggers and sd77, loads of insitutional investers back in those days buying and tons of holding RNSs happy days wish the fudge i sold then!!!
We have drifted and drifted and are now close at 8 but you can buy what you like in the 7s ,less than half a million shares today, thats how easy it is to get chariot to drop, a couple of more crap days and we will drift to the 6s, then a farm in Rns will take us back up to 10p and we are supposed to be grateful to the board for thier stirling efforts, i agree that the ship after LB may be less leaky , but before the last couple of decent RNS’s we had a few days of solid gains then the news broke, im starting to feel a bit uncomfortable if im honest, has a deal gone bad after being worked on for ages, or is there some other kind of bad news round the corner, i do hope not after bloody years of patience! And waiting for this prospect to get developed and appraised, im off to the beer fridge i need alcohol
I think chariot may well sell the Brazilian and Namibian blocks and return some of the proceeds to shareholders, i cant see how oil plays have a part in Chariot Transitional, i could be barking up the wrong tree but it kind of makes sense, anyone else thinking along these lines?
Maybe they had a better offer from a bigger fish, and are frantically trying to get the contracts drawn, they have alot of bridges to build to get some big institutional investors on board, a decent farm in with a free carry for us on an appraisal well will be a great start, i think any financial institution that is keen to give us a draw down facility based on reserves will require an appraisal well before they proceed with funding
Also did you notice It went into Auction and the total on order was 120 @ 9.88 that order was removed at 4:30 and replaced with one @ 9p, really odd end to the day , clearly something fishy going on for sure, you need an auction for a single order of 120 crazy
The spread gap is large,.8.5p to 9.48p so any buys at even a fraction below 9p show as a sell as the trade is closer to sell price than the buy price, the trades are only recorded using the ‘ closest to’ method,crazy though it seems
Im strugging to understand the sell off, algorithm is set to sell again ,and not one AT buy has gone through yet today, its not a massive volume either, very strange lets hope the seller clears quickly we can shoot up just as quick,
Not too long ago people were saying all electric cars would never replace the combustion engine, now pretty soon virtualy all cars will be electric, the manufacturers that were first on the scene have a massive advantage in the market place, leaving less prepared car builders scrambling to get a foot hold, i live opposite a 120 wind turbine farm ( Rampion) off the sussex coast, built by EON, it is producing power to a nearby onshore storage facility, i think the aquisition announced yesterday is a future big hitter for Chariot , in an ever increasing power demand continent, the market will come around i just think the sell off is larglley due to yesterdays announcment not being Anchois related,