The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ha ha, don't I know it. I guess it sometimes pays to remember, and to remind others, to financially only commit what you can afford to lose. Or wish to give to Potter et al!
Furthermore, remember this is AIM. Where good money nearly always follows bad (or at least it does for me!!)
Don't get me wrong, I hope you are right! Fingers crossed. But it doesn't pay to expect a lot from this one
I don't mind it too much, I forget what is coming up otherwise. All I know for sure is that after the 12 years I have been waiting, I'm not going to hold my breath and expect a positive result. Probably wiser to anticipate further dilution. At least I won't be disappointed then :/
Yeah, at the end of the day look at the share price. That certainly isn't 'going crazy'. Look at the volume. That certainly isn't 'going crazy'. However, if you invest here - you probably are!
I can't blame anyone for being pessimistic around RKH. Many of us have held for a long time, and have seen a massive depreciation in value. An equity raise could yet be on the cards. A billion barrels of oil still sits under the sea bed 10 years after it was discovered. In the mean time, the directors have all been well paid. It all does rather touch a nerve.
But finally something is actually happening. OM is in-play. Navitas are actually producing documents and counting SL as part of their resources. BOR is one to watch in the same region. Things look significantly better than they did 2 years ago for sure.
And if Sam actually pulls it off, will any of us even care about what a nightmare it has been? I just foresee that future as one of drinks all round at the Crown & Plough and good health to our glorious leader...
We cannot say there is 60b barrels of oil in the FI. I appreciate some have expressed that opinion. But we don't know it to be true. We do know a few exploration wells have been drilled, and they show gas and oil to be there. But they don't show there to be 60b barrels of the stuff. And that is just the fact of it, like it or not.
I'm here for the dream like many of us, and fingers crossed one day they do get to 60b barrels or more. Just don't put your house on it.
There is undoubtedly more oil (and gas) in the FI than has been found so far. But it is a massive leap to say there is 60b barrels - it is misleading to say as much. I think I'm making a fair comment surely?
Notwithstanding, SL is profitable at $45/b? The current highs on the oil price will surely drop, but even if they go to, say, $70/b, that is 250M multiplied by $30. That isn't a terrible number. And the 250M would only be the start. Infrastructure would all be in place to allow development of the whole region. If this isn't a goer now, or soon, perhaps it never will be. I suppose that is the gamble LTH are all taking, though it shouldn't be such a big gamble. The numbers must surely stack-up. Or not??
You just can't say that Falky. "Very low risk"? This company has swallow-up so much of investor's money it is eye watering. Whilst there is oil in place, none of it is actually being extracted. We all have to hope it will be. But none of us can talk in absolute terms. Adding the rider "IMHO-DYOR" doesn't make what you say acceptable, because people do get dragged in to investments off the back off comments like yours.
Caveat Emptor though right?