The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I really don’t get why you all get in such a fuss about this. It’s simple stuff and no different to what happens day-to-day.
The share price will recover from this stupid low so just get over all this philosophical HS and maybe buy a few more.
Thank you for that typically arrogant reply on this board. It’s simple. Why does a delayed audit mean suspension and what does it actually mean.
I’ll ask someone else and thanks 🦃
Make5Mil: Totally agree with you.
There’s something very fishy here. I personally don't think that they’ll ever drill a well. Get PSC and sell - period as they say in USA.
All hot air and no facts.
Someone tell me how you’ll drill a well there, even onshore, when there appears to be no plan, no volumetrics, no licence, management structure, no structured discussions and BS meetings which don’t seem to merit much discussion. And I could keep going. And for $4m. It’ll cost that to buy the pipe and ship it let alone prepare the drill site, ship the rig and set it up. And the service companies??Schlumberger probably wouldn’t get out of bed for that cash given that it’s an exploration well which will need every tool they’ve got to assess it.
I’m losing the will to invest here.
Thanks Dreaming.
What I’m aiming at is what happens in any licence negotiations for O&G. UPL will be negotiating a ‘deal’ with PETROS, and later will do the same with any farminee.
I believe, and there’s a load of people on here with better memory than me, that the PSC has a % attributed to PETROS (of the profit or offtake) for certain benefits - obviously award of a licence and maybe preferential limits to what UPL pays PETROS in terms of licensing fees.
UPL will want to keep as much of the % as possible so as not to dilute themselves too much as any farm-out will have serious dilution consequences and they could find themselves threatened by this. I think that the PSC is close to fruition.
But !!!! It’s a great place to be and I’ve luckily got a load of shares for buggar all. 😀😀
Has to be with that level of activity although I wonder why people sell in such circumstances.
It will be Mega interesting to see what PETROS has managed to screw out of the company % wise although I believe this has been discussed previously.
Very happy as my average is 1.6p. 😀