The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
THE PUMA,
What a load of utter tripe. A classic troll conversation, with zero interest in the underlying business or the financial well being of shareholders. Just a mean mouthed attempt to ratchet down the sp temporarily to either close a short or establish a cheap entry point for the next leg up in the share price on its way to potential multi bagging.
Most seasoned investors here can spot your motives a mile off and probably filter your types, as I will be doing after this post. But I dear for novice investors who might actually think you have a point.
Here's just one point you might like to consider, contrary to your clever trading idea for Monday morning.
Some of us have multi million shareholdings. Have you ever considered the futility of selling that load at 15p and possibly replacing them at 12p? And aside from the liquidity aspect, what if the placing doesn't take place? I'm out of my long term position and will have to wade back into the market to replace my sold shares higher up. Aside from the angst of having to trade for a few pennies on the sp, what is the utility of this transaction when I am looking at a potential gain of 30p, 50p, possibly £1+?
Some perspective there for you, sir.
What I would say is that there's more than one way to skin a cat.
Each to his own. Know thyself is the recommended mantra for successful investing/trading.
And GLA.
"Sometimes imposters attempt to use my credibility with a look alike name"
If you are referring to me in this Panr post of yours, you've got a damn cheek, sir.
Don't think I've ever wished for a placing in the next day or so as much as I want one here.
Does He1 have any leeway left to issue new shares without issuing a new prospectus?
20p on re-opening?
What a bloody farce.
There are 2 plays here.
One is the pre -spud trade.
The other is the bigger risk, far bigger potential reward of holding golden tickets for a commercial discovery.
My fault. I just went in and bought 100k at 9p.
Lol.
Next is..... Nigeria?
Hands up those of you who doesn't know how to use the filter button.
Lochnez, it hadn't escaped my attention, either.
I tell you what, James. I'd take the hands on, severe cost consciousness and direct share ownership of Paul/Lonny over Gil Holzman and his crew at Eco any day of the week.
Now there's a chap and a story that you nailed yourself to and got legged over in no uncertain manner, eh, James.
I'd keep schtum if I were you.
How did Cove shareholders fare, from the low to takeout price, out of interest? Was it a ten bagger or more?
Moyra. Apologies.
With increasing talk of a corporate transaction, maybe as soon as by the end of this Summer, we should consider the key individuals who will be making the strategic decisions for us shareholders.
PG is about 69 years old, and I guess Lonny isn't a spring chicken any more.
Will PG after talking things over with Lonny decide to call it a day in Morocco or be retained as a hands on consultant, with Lonny and Lorna similarly, or will he relocate to Trinidad and oversee the next phase of Prd's explosive growth in 2024, or will he just cash his chips in totally? Or will the team stick around and try to develop the CNG operation all by themselves, delaying a corporate exit in Morocco?
Of these scenarios, the last one I see as the least likely. The team are explorers, not developers, in the main. And age surely comes into it very much.
Having a comfortable cash component in Prd after the sale of the Moroccan sub should spur PG on to create "Son of Guercif" with CM, if he considers that prospect to be as huge as he has stated in various interviews this year.
A fascinating and life changing set of decisions coming up for the team collectively, if the volume numbers are validated shortly by an independent assessment, and industry interest becomes overwhelming.
Or am I simply jumping the gun?
The weak link in your positive stance is the assumption that cash receipts will start ramping up in Q3 onwards.
This was also the widely held positive view here a year ago. Didn't materialise.
Still no empirical validity to that assertion.
This must be one of the quietest boards on the LSE website.
Either the story isn't getting out there, or it's not sexy enough, or there are too many doubters. Which is it?
I'm a 0.6% holder. I'm fortunate enough to be able to be a long term buy-and-hold investor, but, boy, I would like to see some market confirmation that the story is getting out there and moving ahead.
Moan over. I blame the weather.
@KeithOz, what's also interesting is to compare the FD numbers for a CNG full operation with your calculations as per your Michael Caine revisited post, July 10th.
On a Npv12 basis, and a net 75% interest to Prd, with 450mn shares, you calculate a value of £1.03 per share for a 50mmcfgd operation, versus 57.8p with FD's NAV estimates.
Just focusing on this aspect of the Guercif license, that's quite a difference in value right there.
It does suggest that the operator of the CNG business, alone, can generate very attractive net cash returns, after your upwardly revised capex, versus what a conventional methodology applying a heavily discounted gas price assumption would generate.
These are the sort of numbers that will attract a number of larger players in the region, and possibly a bidding war just on this business alone.
I must say that, given the industry background conditions in Morocco for natural gas looking ahead, a 50% risk of commercial failure for a 50mmcfgd does seem unduly conservative.
And we'll soon find out whether or not FD's 75% risk of geological failure for the Jurassic carbonate play is unduly conservative, too.
Recent events suggest i3e doesn't understand full cycle commodity prices.