The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'm still here; and staying around
In December 2017 SP was 0.55p; by August 2018 it was 7.16p
Perspective and reflection; who knows what 2021 will hold?
Thanks Morpheous,
I think maybe a bit of consolidation in our operations and the SP would leave us better placed to go again, whether in Bahamas or elsewhere. Monday was an awful experience because it was to that drill we had always been journeying and when we got to the end of that yellow brick road we didn't find what we had hoped for.
But as the days pass we'll move on; and when it arrives, hopefully the next RNS from Simon brings us clarity on where we are heading and we can look forward again.
Phoenix,
Maybe it is time to move away from the Bahamas; or maybe the government would more readily deal with and respect a major company. I think if our data is good enough we either have another crack at the Bahamas or do a deal with a major and use the Bahamas proceeds to develop the CERP assets and the company going forward. I do think though that the Bahamian government want the oil but are trying to be seen to be concerned about environmentalist backlash; but what good is clean sand and seawater when the people are poor?
Also, let's wait and see what happens between now and April; why did Simon mention that timescale? Maybe he is ready for BPC to move away from the Bahamas by then if there is no tangible Govt support coming forward. it is all conjecture which is why I think we need to let things settle, regroup and look at what is next.
Phoenix,
Maybe it is time to move away from the Bahamas; or maybe the government would more readily deal with and respect a major company. I think if our data is good enough we either have another crack at the Bahamas or do a deal with a major and use the Bahamas proceeds to develop the CERP assets and the company going forward. I do think though that the Bahamian government want the oil but are trying to be seen to be concerned about environmentalist backlash; but what good is clean sand and seawater when the people are poor?
Also, let's wait and see what happens between now and April; why did Simon mention that timescale? Maybe he is ready for BPC to move away from the Bahamas by then if there is no tangible Govt support coming forward. it is all conjecture which is why I think we need to let things settle, regroup and look at what is next.
I've been here since 2011 and it has been a rollercoaster for most of that time. Back in August 2018 when the exclusivity ended the SP plummeted and many thought there was no way back. Monday, the same effect; but there are other options now. Certainly I will be sticking around as there are likely better times ahead in 2021 and into 2022. For one holder to say he's selling out 2.5m shares because Linton has lost faith seems beyond ludicrous, but hey, everyone makes their own call.
The company has viable assets and if the data proves to be good then they are perhaps a small step closer to that commercial oil find.
So they analyse the data until April and then we know for sure; meantime the court case gets sorted.
Be great if it was so, but I'd settle for a decent, viable plan for the rest of 2021 and into 2022.
So you're not invested here Harry?
Harry, are you still invested here? If you are stridently against the Board then it's totally understandable that you wouldn't be invested here. If Simon Potter goes it will create more uncertain and it will take at least six months for a replacement to be in situ and taking things forward. A bit counterproductive at this juncture I would suggest.
I think everything hinges on what the Board plan to do next and how valuable their data is. The fact they drilled a well and confirmed oil without any incident should make it easier to go ahead with a second well. SP will clearly realise that he can't leave shareholders in an information vacuum for too long, especially if he's seeking funding in the months ahead.
It would be good to know how far off a commercial discovery we actually were. Hopefully a timely RNS will give us a clue.
Totally agree. It's not over yet. It will depend on the analysis and what Simon Potter had planned for this eventuality. It's a hit to us all, but we live to fight another day.
Why just a shell? What about the other assets etc?
When the exclusivity deal ended IN 2018 SP went from 7.6p on Thursday evening to 1.9p Friday morning. That was seen as a huge setback with little chance of recovery. It's gutting at the minute but let's see what the company does in the next few weeks.
We still have the licences and the confirmation oil is present. With the CERP merger BPC has a few options; but it really will depend on how they finance any further projects.
Bad news today but they did prove the existence of oil so not everything is lost. Been around here for 10 years and will wait a little longer to see where we go. Any idiot wanting to gloat, maybe you need to look at yourself. To all the LTHs here's hoping there are better days ahead.
You won't get a 2pm RNS of anything significant; i.e. they won't release an RNS during market hours to say they have struck oil.
You may get price monitoring extensions; you won't get anything that can materially affect the SP during the trading hours. Most will be released at 7am to allow the market time to digest it. You may also get one post market close, but for news it's 7am.
You won't get an RNS update while the market is open.
Irrelevant right now; unless it can materially affect whether the drill will find oil. Only thing that counts.
SP might fluctuate but the oil doesn't shift
Now we are starting to get sense; a good oil strike then this is easily 20p a share in the short term. And from there it is a much more solid investment too.
Maybe last night's presentation was poor, but maybe they had to fill the slot and are desperately trying to avoid any scenario where they could inadvertently give clues to the results. Of course, why would anyone say they are looking forward to the results of the drill unless those results were looking good.
Happy Friday all; Dry January nearing an end. Thankfully