The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"It's depressing to see the share price falling with a very low volume."
It's called drift, and is perfectly normal.
It's when the price falls on high volume that holders should start to worry.
So it's no longer the best looking horse in the glue factory, L10?
"Went through discussions" did you Sham?
Then do tell us, do you disagree with SQZ's calculations posted this morning? You do know the UK Natural Gas Price is rising and forecast to be 95p/thm by this time next year?
Or are you just back after making your quick 10% this morning and now looking for another lower entry?
1meteor, you suggested the infrastructure assets "cannot be sold unfortunately " - my point is simply that those assets can be sold if the bondholders agree, which boils down to commercial considerations. An entirely normal situation with secured debt, and not something to be considered as "unfortunate".
That's incorrect 1meteor. The bond security comprises fixed and floating charges. Assets covered by a floating charge can be sold or otherwise dealt with in the normal course of business. Assets covered by a fixed charge can be sold if the bondholders agree - and that will obviously depend on commercial considerations.
I doubt Newmed are interested in Guercif.
Currently, at least, they are focused on the Moroccan Sahara where they have recently taken a 37.5% interest in the Boujdour Atlantique license.
From https://www.middleeastmonitor.com/20221123-morocco-israeli-company-has-eye-on-large-reservoir-of-natural-gas-in-desert :
"The CEO of Israel's public energy company NEOMED energy, Yossi Abu, has expressed its readiness to invest in natural gas exploration in the Moroccan Sahara....:
"Morocco will become an energy hub in the future because of its stability and the diversity of sources it relies on," said Abu. "The Moroccan Sahara is a large reservoir of natural gas.... We are currently investing in three areas: natural gas, renewable energies and green hydrogen," he was quoted as saying by Russia Today. "We believe that Morocco has huge potential for discovering natural gas, especially in the Moroccan Sahara,"
Also, from Newmed's 2022 Annual Report published last Friday:
"It is clarified that to date, exploration in Morocco has not yielded significant oil or gas discoveries, despite substantial activity by various companies such as Eni, Shell, BP, Chevron, Total, Kosmos and Repsol, which held offshore and onshore licenses. In Morocco there is presently onshore and offshore exploration activity of insignificant scope. Meanwhile, the Anchois project, situated in the north of Morocco's EEZ in the Atlantic Ocean, is currently the main natural gas project in Morocco."
A couple of articles today:
https://businesstech.co.za/news/energy/681811/eskoms-quick-fix-to-cut-load-shedding-could-kill-hundreds/
https://businesstech.co.za/news/energy/681669/ramaphosa-calls-urgent-eskom-meeting-report/
ARCM,
Only 2 weeks ago (14/7) you were telling Jelly on here "jelly grow a pair, everything is down, miners especially. Its times like this that separate the men form the boys, the only question for you is what are you? "
Yesterday you posted: "i sit here at almost 100k loss on my initial investment and have never felt so low".
Perhaps you should take your own advice, or alternatively take a break from BMN and this board and come back refreshed?
Terrence,
Celtex Exploration changed its name to H2Green Power Ltd on 6 May 2021.
The last Annual Return available on the Jersey FSC Register was filed in February 2020. Prior to that, Annual Returns had been filed annually without fail for over 30 years. But nothing since Feb 2020. PG describes himself as a "significant shareholder" in H2Green Power but since we can not obtain an up-to-date annual return from Jersey I think prudent PRD shareholders will assume PG is currently the majority if not sole shareholder in the absence of any further disclosure.
https://www.jerseyfsc.org/registry/registry-entities/entity/187371?page=1
Trifle many thanks for your reply, and I note the statement in today's RNS that H2Green's sale is " to provide funding for the development of H2Green's business".
I agree there are plenty of potential conflict of interest possibilities here, I just can't see why PG thinks the reduction in H2Green's interest in PRD removes any potential conflicts of interest.
MT posts mostly on the other board.
As for the ADV duster, he took the loss, posting there at 0832 on 19 Jan:
"Elected to take the hit on the chin and exited at 1.1p - £210k loss."
MT has posted several times (on this board - 10 & 13 June- and on the other board) regarding the Columbia election fully addressing the political issues involved for the O&G sector and AXL in particular. What did you contribute?
And yes, clearly MT can afford to take a hit of over £200k whereas most of the rest of us cannot. So what? Your post smacks of envy, frankly.