The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
But that's not how it's meant to work. If the price goes higher people will buy less, if it goes lower they will by more.
All this focus on gaps is just because trading became bereft from real economics when the spivs wanted to take money off the punters without realising some of the punters were able to hold their own intellectually and socially.
The issue is Central Bankers created an economy nobody could believe in. A financial system should flow like water and therefore changes need to be continuous not discontinuous. When Central Bankers jacked up interest rates in 2007 only to drop them from 5.5% in summer 2008 to 0.5% in march 2009 then nobody could believe the financial system was fit to support the global economy anymore. Politicians were not scientists/engineers and most could not even understand the concepts involved or why the financial system has been broken by a language system telling stories. Oh dear .... with the national debt out of control and interest rates at 0.5% why would anyone keep producing any real goods? Everyone with any sense would have borrowed to invest in early 2009 and that would have destroyed the real economy as investors don't build houses, drill oil wells, fix boilers, or make cars. Lol, so funny - Mark Carney should explain why the economy continued at all, not why the financial/trading system was a problem in 2007. What was a problem, what needed fixing? How did putting oildown to $27 in 2016 fix anything. It made the problems worse not better and central bankers know it and should hand their heads in shame.
https://askabiologist.asu.edu/recipe-plant-growth
Plants grow by turning carbon dioxide into amino acids/proteins/DNA/nucleotides/ribonucleotides/nucleic acids/polysaccharides/hemicelluloses/bundles of glucose molecules in new cells. The more carbon dioxide in the air the faster all green matter/flora/vegetation will grow as it makes it easier for them to synthesise glucose which they use to build cell walls.
The more plant growth the more carbon dioxide will be removed from the atmosphere.
Plants grow by turning carbon dioxide into amino acids/proteins. The more carbon dioxide in the air the faster all green matter/flora/vegetation will grow. And the more growth the more carbon dioxide will be removed from the atmosphere.
Easiest job in the world sitting in a boardroom making decisions because you think you have a right to tell other people what to do.
I respect myself much more for thinking of everyone as equal. Everyone needs a house, a car, food, fuel, and then let's all have a massive party!!! A global party - 7 billion citizens all well fed, well clothed, and loving one another.
It's all a matter of psychology really ... if you don't understand today then you may in a few years...or a few decades. Then again Ghandi didn't get very far did he - but did he ever want ordinary Indians to be rich as they are going to need to burn coal and that's a problem as other people want to tell them what to do in their own country.
Just think we should all mind our own business and get on with having fun! If someone else wants to burn coal because that is the easiest solution to them improving their own life then I would never have a problem with that.
Re Sauer Kraut - you mean oil is going to rocket and cause governments/central banks to have a mountain load of egg on their faces as they face massive unrest/citizen protests as the global economy tanks? Global Oil demand has grown every year except 2008, 2009 and maybe 2013. Global oil consumption is now over 100 million barrels per day. Investment in new oilfields was slashed heavily from 2015-2019. Logically oil prices are going up in 2020 and not down. What I worry about more is that more citizens will have to suffer lives without access to cars/trucks due to the lack of investment in the oil industry from 2015-2019.
Debt repayment is not the priority for me. I would very much like to see them fast-track SeaLion into production. They promised first production in 2019 which was a good idea as the oil price more than justifies it currently. They let themselves down by not going ahead with Sea Lion in 2015 when drilling rates were really cheap as were oilfield service costs. However, if they fast-track Sea Lionit might see first production in 2022, hopefully. Currently PMO's debt is not excessive at all compared to the average debt across the oil sector adjusted for a company's 3P reserves. Let's focus on growth and improving people's lives and energy security.
Re Sauer Kraut - you mean oil is going to rocket and cause governments/central banks to have a mountain load of egg on their faces as they face massive unrest/citizen protests as the economy tanks? Global Oil demand has grown every year except 2008, 2009 and maybe 2013. Global oil consumption is now over 100 Billion barrels a day. Investment in new production was slashed heavily from 2015-2019. Logically oil prices are going up in 2020 and not down.
Who cares about Carney and his idiot view of the world. I am back on the finest salmon, vodka, and with some beautiful Russian ladies. Keep that oil flowing you BP boys in Georgia. I have to make at least four private jet flights a day ...sometimes as many as eight....and I am thinking of buying a Blackbird SR-71 secondhand, beautiful plane, shame to crap it, and it can cut my London-Moscow commute down from 4 hours to less than 40 minutes assuming I get permission to go at Mach 3 between St. Petersburg and Moscow. In fact I would like all my friends to travel in style so can we please order Boeing to stop producing their crappy sluggish/revoltingly slow planes and to instead produce a private jet version of the Blackbird SR-71. Thanks everyone.
This tunnel has to go pretty deep. It is not a 12" hole they are drilling as in an oil well. This is an actual tunnel big enough to move thousands of tonnes of rock per day which has to go as deep as an average oil well in the North Sea.
Hmmmmm..........this would not have been possible twenty years ago. But technology seems to be advancing pretty fast so maybe they can tunnel down to 1,300 metres (4,500) feet below sea level without any issues with water ingress, wall collapse, or rockfalls. They will be going down well below the water table so they will have to waterproof the sides as they tunnel down. And sand/sandstone may be more problematic than solid rock as you might need a giant vacuum type machine to suck it out whilst the drill bit keeps boring ahead.
If the tunnel goes down at a twenty degree angle it will be need to be about 6 miles long. It just sounds like a big job ... a really big job ....and the bondholders ought to have paid for it. That's what the directors told the shareholders in order to get the last cash call away which was at 15p per share or indicated an equity value over 400% higher than the current market pricing.
Now it seems the directors aren't going to hold the bondholders to their part of the bargain. So, somebody else is going to have to finance this scheme and to get to grips with the potential that it is not child's play to tunnel down to almost a mile below the North Sea. However, this could be a huge export project for the UK. The government ought to step in and guarantee this project and then the share price can return to 20p as those buying in at 15p didn't make a bad decision - they were just told a of inaccurate information by the directors about the likelihood other people/bondholders would see/understand the great potential returns which this project provides (the resource is huge, world class, very high quality ore, and the world needs an awful lot more fertiliser than is currently being produced).
This tunnel has to go pretty deep. It is not a 12" hole they are drilling as in an oil well. This is an actual tunnel big enough to move thousands of tonnes of rock per day which has to go as deep as an average oil well in the North Sea.
Hmmmmm..........this would not have been possible twenty years ago. But technology seems to be advancing pretty fast so maybe they can tunnel down to 1,300 metres (4,500) feet below sea level without any issues with water ingress, wall collapse, or rockfalls. They will be going down well below the water table so they will have to waterproof the side as they tunnel down. If the tunnel goes down at a twenty degree angle it will be to be about 6 miles long. It just sounds like a big job ... a really big job ....and the bondholders ought to have paid for it - that's what the directors told the shareholders to get the last cash call away. No it seems the directors aren't going to hold the bondholders to their part of the bargain and somebody else is going to have to finance this scheme and the potential that it is not child's play to tunnel down to almos a mile underneath the North Sea.
How can banning cars/fossil fuels be virtue signalling? Why don't you think before you type?
Do you want a life without a great sounding TVR or Porsche 911/Landrover/Bentley/JCB/Tractor? Do you want to fly to Italy or swim there? The same to the USA or Argentina. Why don't you crack on with electric planes you virtue signallers and leave the rest of us to enjoy a good steak, glass of red wine, and massage, as we use what we know works (jet fuel) to get to our friends in Japan/Canada/Zimbabwe for New Year's celebrations.
Do you want a life where you can't afford to heat your home because gas-central heating has been banned? People will just go back to burning peat - which is easier and makes your life better?
These people are not virtue signalling. They are signalling that they are out to spoil your life. They want to increase fuel poverty, take away what citizens enjoy/value, and make your life harder and colder. Is that a virtue? Not in my book it ain't.
How can banning cars/fossil fuels be virtue signalling? Why don't you think before you type?
Do you want a life without a eat sounding TVR/Landrover/Bentley/JCB/Tractor?
Do you want a life where you can't afford to heat your home and gas central heating has been banned?
These people are not virtue signalling. They are signalling that they want to increase fuel poverty, take away what citizens enjoy/value, and make your life harder and colder. Is that a virtue? Not in my book it ain't.
Re Manyana:
You have a fat hope thinking anyone within financial services would go to jail for lying. What 2007/08 proved was that the more than you lied the bigger payout you got and the easier life you had as you might get parachuted out into retirement early with millions in your pension pot to live in luxury (happened to Fred the Shred). And if you didn't get parachuted out early then you could continue to earn millions for doing nothing because with rates at 0.5% running a company became child's play as you didn't have to worry about repaying any debts for years and years - just plough ahead, muck up the next project execution, see a drastic fall in your company's share price, cut the dividend, and still the shareholders' didn't/couldn't get rid of you. Most corrupt system I could have believed could exist without causing itself to collapse - actually it should have collapsed in 2008 and Central Banks should have re-booted the financial system at that point in time.
Anyway, from past experience director's can lie as much as they want. I have had a portfolio of 30-80 companies between 2009 and 2018 and I would say in over 70% of them most of what the director's told me as a shareholder was a lie (or at least it never came true and the promised returns never materialised).
I am a highly qualified scientists having been at top flight UK universities for over 12 of the past 15 years of my career. There is no climate change caused by fossil fuels as there are more than enough plants to absorb the current level of carbon dioxide emissions. In fact it is a positive feedback loop as the more fossil fuels are burned the quicker the world's vegetation grows and in turn the more m3 of carbon dioxide are absorbed per second.
This is all down to vested interests and rich people trying to keep poor people using buses instead of owning their own cars. This is a disgrace and anyone who is poor should be very angry about the decisions being made on their behalf using their taxes to pay for them.
My advice to young people is don't waste your lives going into the green energy industry. They will not pay you enough as their technology still needs a lot of work to provide as much energy as humanity needs. On the other hand there are plenty of fossil fuels left that can be extracted using existing technology and with automation it will be possible to use coal without requiring any human involvement. This will be a far safer way to power Asia than building a hundred new nuclear power plants. The other alternative is to ration energy to 3 billion people and ruin the lives they could have had - I couldn't go there myself when I know it is safe for the planet to continue using fossil fuels well into the 22nd century.
I am a highloy qualified scientists having been at top flight UK universities for over 12 of the past 15 years of my career. There is no climate change caused by fossil fuels as there are more than enough plants to absorb the current level of carbon dioxide emissions. In fact it is a positive feedback loop as the more fossil fuels are burned the quicker the world's vegetation grows and in turn the more m3 of carbon dioxide are absorbed per second.
This is all down to vested interests and rich people trying to keep poor people using buses instead of owning their own cars. This is a disgrace and anyone who is poor should be very angry about the decision's being made on their behalf using their taxes to pay for them.
What this company needs is for institutional investors to invest in small businesses rather than funding large/boring businesses to just maintain the status quo/stability - which is terrible for consumer choice and is quite depressing for the majority of citizens.
Since Central Banks decided to support existing businesses getting larger - instead of financially supporting more competition within the economy - then choice has decreased, prices have risen, and there are fewer products on the market that I find interesting/useful.
Who's to say Labour would not end up bennefitting RBS - free broadband might encourage RBS to transfer investment away from larger businesses towards new competitors/startups. This should be within the consumer goods markets (as I don't need more online crap such as gambling companies which destroy citizen's lives. In fact even watching too much TV/internet is an incredibly unhealthy lifestyle and one which humans were not designed for by evolution).
So Labour could end up spurring RBS to do what it doesn't seem to want to do - to invest in small UK independent producers of consumer goods and startup UK food producers). This may benefit them and their share price over the medium-long term.
Personally I'm not convinced the Conservatives have done anything other than cause chaos over the past nine years with no net gains in productivity of citizen well-being.
Why are Central Bankers aiding in the transfer of wealth from private investors to the institutional investors?
The institutional investors do not re-invest in what the majority of citizens want (cheaper energy, continued use of fossil fuels as they're cheaper, more houses, fresher food, more supermarkets in rural areas, more independent shops/businesses (this is how wonderful unique products get created - often they are far better than the majority of mass-produced ones).