The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
All reads very well as you would expect
See a bit of a shortfall on the funding they’ve lined up, maybe they’ll offer the balance $2.5M to us lucky PI’s (he only thanks the strategic investors, not us lucky long term PI’s !)
Well Techi - I’m another one with not so many posts, and have also been in here over 10 years.
I didn’t read anything wrong into Bluesm post - indeed I’m in similar position as him. Also was in Hurricane and FRR and blood* Sirius.
I believed in all these companies and yet it does seem very odd that they all get bought out just before making fair returns for long term holders.
Indeed I was also in AMERisur who also sold out what seemed rather cheaply (after having spectacular drill success) with all the main directors securing long term future positions with the buyer
Sceptical ? I should say so !
You would think that if they needed batteries to store some of the excess energy it will no doubt produce on some days, that they would have already got them in place by now.
After all we’d all be paying for them through the wind levies imposed on us all through our bills.
I think we’ll get there eventually but not in UK first
So the ‘Scheme Shareholders’ have voted the deal through, but they are only 30 odd % of the total eligible voting shareholders. I’m not sure of the distinction, can you enlighten me ?
Do they still have to receive enough votes from the rest of us to reach what I think was originally 75% of eligible holders ?
"In a challenging macro environment, we have taken decisive action to manage costs and deliver immediate efficiencies"
I hope that salaries and bonuses have been a part of this management of costs.
Share some of the pain too until things improve ! (some chance)
I (stupidly ?) bought into this early last year, and losing a packet on paper.
It's lost over 30% in last 30 days, despite all the promising great increases in capacity.
Why ? Some down to the suspension which seems a bit of an amateurish mistake
Mostly it's sentiment - all the doubts about net zero, forcing us to buy overly expensive heating systems
and electric cars (which are currently being built quicker than they can be sold, even after discounting)
maybe move out of graphite and back into coal / oil & gas
Just got some more - seems a no-brainer at £1.23, but maybe get blocked again by Cinch
Looks like ii are selling down lots of shares at the higher price since announcement.
No TR1’s so don’t know who’s buying them
Looking doubtful that the sale will proceed ?
See the drop occured on the 26th but the Interims were posted AM on 27th
is that a leaky ship (is that usual for this Co ?)
Quite a drop considering accounts look reasonable but i'm no expert
would appreciate others comments on it
guess debt refinancing not going well - higher interest rates
money generally leaving the markets nowadays - higher interest rates
Bug+++ - wish I'd never heard of this s+++ show in 2017
or Premier Oil, or Tullow, or UKOG
Contact your MP (especially if they're Conservative) I just emailed mine
(I don't mind admitting I cribbed most of it from the comments on DT article)
ref: North Sea 'windfall' Tax
To: alexander.stafford.mp@parliament.uk;
30/04/2023 18:21
Dear Alexander
I take issue with the ruinous so called 'windfall' tax (EPL) imposed on oil companies operating in the North Sea.
These are mostly smaller UK companies, without the means of the giant 'major' O&G Co.'s
Punishing them with massive tax rates only results in loss of investment, jobs and a viable strategic industry.
(if it's a windfall tax, how come it's been extended to 2028, when already oil prices are falling, and profits are much less now)
As regards the ECO credentials of such a policy, we will be using Oil/Gas for many years to come and,
increasing the import of both leaves us strategically vulnerable, and does nothing to reduce CO2.
Natural gas from the North Sea has an average emission intensity of 22 kgCO2e/boe;
whereas imported LNG has a significantly higher average intensity of 59 kgCO2e/boe.
This does not help meet the Government’s net zero agenda. In fact it's quite the opposite.
It nearly triples the carbon impact for every boe gas no longer extracted from home.
What we need is a sensible tax policy that encourages UK sourced oil and gas over foreign imports
best regards
(name witheld)