The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Jasper, thanks for the update on your communication with OEX.
Also, to circumvent 'the tiff', it's worth a reminder why many are invested here and the potential for an increased valuation from the meagre 11 Million Market Cap.
______
Joe Salomon interview several weeks ago..
Salient points:
______
"The potential here is large"
"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"
"We know the Gas is in the ground"
"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"
"it's not a complex process"
"to increase the Gas flow rates to very, very, commercial rates"
"the Company is back to a clean and clear state"
"back in control of our destiny, so that's a really major outcome"
______
Note, LNG import prices to India hit a high of around $18 per Mmbtu in January, which would value the 900 Bcf of contingent resources, stated by JS, by getting the LNG import prices, at around £ 11 Billion !
Additionally, there's the 55% mix of Oil / Condensate to add into the mix too
And the MD is very confident about the new drilling techniques.
:o)
________
"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"
"it's not a complex process"
"to increase the Gas flow rates to very, very, commercial rates"
Must be using the same legal advise as Sturgeon, aka Jimmy Krankie.
What on earth would they do with the planes if they could seize them. Even the legal precedent, if achieved, wouldn't get them access to any asset, unless they have armed forces. Utter nonsense and a complete waste of legal expense.
They've earned themselves a seat in Holyrood, where similar grandiose and unrealistic commercial claims also exist.
It's unlikely there will be a delay on anything official due to Covid.
The total number of government staff, including central and state government, is roughly 25 Million.
India has now vaccinated roughly 180 Million people and I have little doubt that government employees there will have had access to a vaccine and additionally will have the funds to do so if needed.
.... and grammatical ineptitude.
'the board is complete' or 'this board is complete'.
:o)
Jasper
Spot on.
Gordon
250 Bagger.
Your mood music lately has certainly taken a turn to the positive and I'd wager you've held your nose and taken a second plunge, whether you choose to admit it or not.
Accepted, it's entirely your own business, just an observation.
Well, an outline of a protracted timetable has emerged from their Annual Report, yesterday, with the following:
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As at the date of this report, the Company has announced the acquisition of a 22.10% shareholding interest in VRFB Holdings Limited (the “VRFB Transaction”). Given that the Company has been in active discussions with the relevant stakeholders in connection with the VRFB Transaction for the past several weeks, and because the Board was wary of the significant risk posed by other interested parties making offers should negotiations between the Company and such stakeholders become unduly protracted, the Board resolved that it was in the best interests of the Company and Shareholders as a whole if the VRFB Transaction was prioritised ahead of calling a Shareholder meeting to vote on the Board’s recommendation.
______
Fully understand adopting the sequence of events above and it demonstrates commercial intelligence. Pleased by that.
______
Notwithstanding the announced VRFB Transaction, the Board shall propose a resolution to Shareholders at the Company’s 2021 Annual General Meeting, to be held in June, in line with the commitment that was contained in the Prospectus (such extract as set out above). The Board will unanimously recommend to Shareholders that they vote in favour of the Company continuing to pursue an Acquisition for a further 12 months, the Acquisition being the VRFB Transaction. Shareholders should note the VRFB Transaction remains subject to certain (additional) Shareholder and regulatory approval,
*** and which the Board currently anticipates will take between four and five months to conclude. ***
The Company will communicate with Shareholders at a later date in respect of such additional resolutions that they will be asked to vote on.
_____
However, conversely, the second extract above demonstrates, for me at least, a distinct lack of pace, particularly as key resolutions to unlock progress will be made at the AGM in June.
Four to five months to conclude the purchase of a percentage interest in an existing operating enterprise, regardless of 'wooden dollar' complexity. Not impressed by the lack of pace at all. Let's hope it's simply a case of 'under promise and over deliver'.
Myles McNulty
@MylesMcNulty
·
19h
Three more blocks in
@guildesports
taken at 6.9p, 7.1p and 7.3p. A lot more research carried out over weekend - on relative valuation analysis (especially precedent transactions in the private space), #GILD could be valued several multiples higher already.
Working on note still!
Quote Tweet
Myles McNulty
@MylesMcNulty
· 5 May
Momentum trade just entered: #GILD - had to pay well over the odds! Write up to follow.
Sween
Well, it's an 'of the moment' sector. Here's Myles McNulty's take on it from a BMN perspective in a recent tweet.
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A class interview from #BMN's CEO.
BMN has been - and continues to be - a major catalyst in driving the growth of what looks certain to become a multi-billion dollar market: VRFBs, for industrial-scale energy storage.
A market dependent on BMN's highest value products.
Genius.
Quote Tweet
Bushveld Minerals
@BushveldMin_Ltd
· 6 Apr
Bushveld Minerals CEO, Fortune Mojapelo provides an update that Bushveld & other investors are investing US$30 million into Enerox, a leading #VRFB manufacturer, providing the company with capital required to increase capacity to 30MW
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If ever I get the choice by having advanced notice (such as COPL), I will always opt not to remain invested during any temporary suspension, regardless of possible uplifts on relist, for exactly the reason you've just highlighted.
There's no timetable, other than a final date for the transaction to complete. Here, I had no choice but to remain invested and it's a relatively small % of my investing pot, so I'm not overly perturbed but I never appreciate having a choice removed to sell a stock of ever I wanted to, not that I was looking to sell here yet. It's just a personal preference, never to be controlled by someone else's pace or lack of it.
The short answer to your question .... I haven't the faintest idea.
Can only buy in very small amounts at the moment on ii.
I think the final word on whether the Gas and Oil / Condensate can be extracted commercially has to be with the chap running the show. He believes it can be.
________
Joe Salomon interview a few weeks ago..
Salient points:
______
"The potential here is large"
"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"
"We know the Gas is in the ground"
"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"
"it's not a complex process"
"to increase the Gas flow rates to very, very, commercial rates"
"the Company is back to a clean and clear state"
"back in control of our destiny, so that's a really major outcome"
'Opinion'. That's reasonable and yes, let's hope it's not the case. :o)
You 'expect' what you like.
A 'prediction' isn't fact until it happens.
More importantly, it simply means 'it will be going ahead'.
Call me old fashioned but I see that as a positive.
Worth remembering the initial reasoning for the purchase, the potential of many multiples of it's current value.
Referring to the recent podcast:
______
So, that podcast roughly describes the undervaluation.
20 times for the Vanadium
20 times for the Nickel
80 times for Burwell
On that basis, over a 100 bagger.
:o)
Yrab
You may have written it yesterday and even if it repeats today, that doesn't determine the outcome for every subsequent day.
Patience.
Keeps progressing. :o)
Not a recommendation from me for anyone else to follow but a quote from Myles McNulty, a micro-cap equity analyst, which often rings true:
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Myles McNulty
@MylesMcNulty
·
12 Apr
Mastering the Art of Doing Nothing is key to successful investing, in my view.
It requires several key skills and traits:
Patience (wait for that entry; don't sell out of boredom);
Focus (don't go chasing rainbows!);
Conviction (know what you hold, and why);
An iron stomach!
That bigger picture is now emerging, great news. :o)
A few £Million to get access to a possible £11 Billion's worth of Gas, not to mention the Oil and Condensate.
I keep focussed on the information from JS and he couldn't have made it clearer for the listener in his recent interview.
_____
Joe Salomon interview a few weeks ago..
Salient points:
______
"The potential here is large"
"Any Gas that you can get into the main trunk line in India, effectively gets the price of LNG imported Gas"
"We know the Gas is in the ground"
"We've done a significant amount of work in looking at how to effectively stimulate the wells to increase the Gas flow rates from the low flow rates of the past, to commercial flow rates of the future"
"it's not a complex process"
"to increase the Gas flow rates to very, very, commercial rates"
"the Company is back to a clean and clear state"
"back in control of our destiny, so that's a really major outcome"
______
Note, LNG import prices to India hit a high of around $18 per Mmbtu in January, which would value the 900 Bcf of contingent resources, stated by JS, by getting the LNG import prices, at around £ 11 Billion !
Additionally, there's the 55% mix of Oil / Condensate to add into the mix too.