The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
580k x £5 (peak winter futures price) =£2900000 - £90k = £2,810,000 x .8 = £2,248,000 after capex and royalty.
£5 million a day . I got them 10000 barrels a day roughly with Southwark and even at £5 a therm get no where near that
If gas prices are anywhere near future prices then iog will make huge amounts especially when Southwark comes online as all unhedged. But the world economy will be in serious trouble. Most large gas users will be put out of business and the poor will not be able to use gas central heating at all. Sadly only the Russians can stop this and don’t think they will.
Sorry convert the unsecured loan stock into shares
No LOG can convert them anytime in the future into shares at 19p each.
Will they bid?
They were originally 2018 and were exchanged in 2019 into long term non interest bearing convertible at 19p a share.
They would be mad not to convert.
This is definitely not a Revb. Cine is owned by debt holders and equity may not get anything.
I sometimes buy when everyone else is selling but this one is different, the debt is too large. Costs will shoot up (winter heating bill etc). No directors buying any shares. A right issue would not be supported and shareholders have to hope the debt holders Chuck them something which could be as low as 1% if they are lucky.
Most other commodities went up due to Ukraine war. Gas was in short supply before the war and with Russia holding back it is even worst. The price will curtail a bit of demand but if we have a cold winter then the uk with storage might see £6 a therm this winter. Europe have gas storage but will still be short. Even next summer if war not resolved prices will be high to refill storage for next winter. Gas will never go back to 50p a therm.
They will not though. Gas is where the huge profits will be if things stay like this.
Relatively cheap compared to rest of the world lol. Gas at £3.78 a therm through winter will result in places closing down. My gym has put up prices by 10% to cover heating bills. Pubs swimming pools shops cafes will close due to heating bills and higher electricity costs. This will be devastating to the UK and as for heating homes at £3.78 my heating bill will be £700 a month based on last year. Most people won’t be able to afford this extra for gas and electricity.
Scotland is same population as Norway. They were clever and set up a wealth fund whilst UK spent their North Sea bonanza on god knows what and now want to tax it into extinction. If I was in charge I would squeeze every last drop as god we need the tax revenue badly.
There shipping 4 million tons less than a few years ago. That is $600 million dollars profit and also a lower cost per ton.
The rail situation is worsening which makes them ex growth as not pursuing another project in a different location.
NMC was murky double dealings and people shorted from £40 as it was clear to anyone that the share was not right. I researched it at £14 and ran away without purchasing any shares.
Scam alert. Please report to get rid of these pests
Those companies you mentioned were a lot more indebted and NMC actually involved fraud. Of course there is risk here but projected to have EBITDA near current market cap. Bought a few interesting companies as well. Long term holders have been hit hard and it will be years before they are above water sadly. Even people who bought for 20p will take a while as new buyers in at 8p will be profit taking along the way.
You sold out at a big loss. It happens. You took a gamble and sold out too soon