The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So everyone. As a share holder I'm made up with the rise in the last week. I am taking Bitcoins price and can't see where the 400% rise has come from in all honestly. Especially with possible dilution. What do we think this lands at and evens out and why? 10p or 20p or even higher
Got to admit I did not see Argo living to fight many more days and had cut some recent losses. Made it for LTH and hope it starts to climb back up. 1 big thing to think of is the fact that not all the debt has been dealt with so there still are real big issues down the road. However. The world could change again, there is already talk of a peace deal in the Ukraine by the end of February, massively significant as if that were to happen global energy prices should start to stabilise and start to drop which would start to turn things in Argos favour as it'll be cheaper to mine. Anyway I hope this gives everyone a spring in their step today and people can start thinking about making some money with her again.
2 months ago I said this was going pop. I hope people get something back or did get something rather. Peter Wall has been an awful leader, no forward thinking or back up plan. No doubt he'll ride into the sunset a rich man. Remember though. Its only money. Take care and live to fight another day
Anyone thinking about this or jumping in or just deluding themselves I suggest you read someone like @Wexboy on twitter for a true break down of the books and the balance sheets. This won't be trading in 6 months. Mark my words. It's over. Seen it all before. I've probably broke even on this thru gains 18 months ago so I'm saying as a ****ed off stakeholder. PW has ran the company into the ground. Awful leader. No doubt he'll of looked after himself. Sell and take what u can.
Posted on this when the last update came and the shares sank saying this would be lucky to survive the next 12 months, while a lot of people dismissed this I hope there where some who took heed. I've last a few k on this now but I hope this sends a warning to people. The ship was sinking on the last update. This basically says its going under in the next few months. Who's going to save a failing company going to the wall. There's no way they could pay the energy bills to mine the coins right now and there is no end in sight. Feel for anyone who's lost a lot on this..but remember it's only money. GL to all.
Had a lot of people shouting me down at 26p saying this might go pop in the next 12 months last week. I hope not for investors but this is only heading one way the way things are going. Ps I still have a holding in here
Done well out of this over the last 2 years but the next 12 months seem rather bleak reading between the lines. Basically they have 12 months money in the bank to keep going. If things don't turn around then what? I wouldn't lose the shirt off my back now for this. If the Ukraine war is still going, recession and high bills in the next 12 months which is very realistic, I think this will go under. Just IMO.
Feel for some of the people who you burned on this but exploration is a gamble no matter what you believe its almost like going to the roulette table and sticking it all on red. I got burned on BPC 18 months ago any felt the same vibes on this and watched the same sort of price movement on this the last few weeks. I'm only beef is reading the rampers on twitter and here sucking people in but I guess it's up to everyone individually to dyor and risk only what you can afford to lose
I see people writing about 100 billion pounds worth of oil and it brings back memories of 2 years when this was jumping up 10% a day and I was making thousands. Instead of cashing out I foolishly got caught up in the ramping of it and when BPC went and it a duster 16 months ago I lost it all nearly...all I would say is be careful dyor and avoided the rampers. I still have shares in this so I would love to see the above happen. Only motivation is to help others making the same mistake I made.
iamrich- I read your reply, let tell you pal I am a holder of this and would love to see it hit the heights that you seem to think it will on the news of a drill. But, a drill is a drill it’s not results or money in the bank, it looks like it is going to perform more like I predicted without the 14/15p peak right now, it needs MORE positive news, the sells show this, if you think you become rich on drill dates then stick to William Hill or Ladbrooks for your own sake. It’s what’s in the bag that ultimately counts.
I think this will top out as 14/15p max... not 20p for me, then do doubt a return to 11 or 12. That still is massive growth from around 7p. It would need another big boost on this ride to hit near 20p don't think that would happen without results
I haven't commented here since the failure of P1. Back then the share price had dropped by about 80% of a recent high to about 0.6p. That price looks so attractive right now. I sold a large holding and kept some shares in here in the vein hope they may turn it around... this is heading sub 0.1p and will hover around 0.1p its not an exploration company anymore and is a very small oil producer now. These results compound that fact it'll never be anything big and folk must accept that . I will maintain a holding in here as its so much of a loss unless I need the funds there's no point. But if anyone is chasing losses on here just forget it as you will never make it up. Since the KO of P1 I've dealer in ARB and STX and BRH all have massively risen nd fallen again some more than others while this continues to sink. There are serious rampers on here and I got sacked into the excitement of P1 when it failed I did the research I should of done a year ago and realised numerous oil giants have been in this region and all found non commercial oil over the lost 60 years. Its facts and no rampers can change this... you have to ask your self why these rampers do it and who they work for, have seen them on other sites, twitter when talking about other companies. My point is ignore the rampers and don't chase the losses on a dead company, if there were the oil in the Bahamas we thought Shall, Exxon or BP would of been back in there. There isn't any commercial oil, CEG isn't exploration and is a minor producer and will never hit the prices of 3.5p again. No one knows anything of value on here we were all suckered in but please as long as you have your health and family think of the good things in life we have and don't let material losses do more harm than they can. This scam has ran its course. Move on. Share tips and help each other get out of this company. GL all.
Looks like a good price to buy this but does it go down lower to 90 or 80p? Other major forces at play here, China going after crypto, the major banks in the UK going after the platforms etc who knows where this will end up
Can I just add the flase bounce last week when it touched 0.7p...probably manipulation by insider's to off load. It happened a week before the news of P1 failure...went to 2.5p then crashed for those pigs at the trough to unload. When the next bounce, if rather, happens run for the hills and get out imo
Kept an eye on this since the P1 failure. IMO this is a dead duck. It's lost 90% of its value in 6 months. There's not many companies come back from that. IMO this will become a low level oil producing company with no exploration as they won't have the funds. Much better options out there to this. Its awful and not going anywhere about 0.5 anytime in the next 12-18 months imo. People talking about 1p in the last few weeks are dreaming. Won't get near it. Don't belive the hype from people on here. I did and lost lots, DYOR and you'll see this aint going anywhere. Low level production Low level SP buy out in the future for very little or bust. I can't see them doing any more drilling in the Bahamas...hence the name change...its as clear as day.
Whats behind the rise guys? IYO? The masks good to go?
I think a lot of people on here have short memories or have bought in at the top end of £3.20, I started trading this at 55p in Jan. Since then look at the price. PW is doing a stella job, yes dilluation is ****e but he's strengthening the company long term. This has gone from nothing to the moon in just over 3 months. I'm loading back up once it drops slightly further and I can see Arb being sat between £5-10 a share in 4 years time. You won't get a return like that at the Bradford & Bingley
I have a hunch there will be an RNS at some point today...with a delay in proceedings. But this isn't the end of the world. These things take time, its not an oil strike. Covid is going to be around for years to come and we have to look at the other tests we are involved in.
I listened to derampers over ARB ghost and missed out on a lot of bigger gains... these boards are full of people who nearly made it hence still being on here...I include myself in that