The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Scott unless I am going blind I cannot see mention of the 6 NDA's in the RNS. They raised it on the webinar but I would have thought 6 NDAs ongoing would be pertinent to the company and should really have been put in an RNS. News is news after all and it generally raises some excitement in other companies when announced. Out of interest why do you think they are wasting another winter of not visiting the Bn barrel find. My guess is they are hoping the 88E flow test will generate enough news, if good, this winter.
James it’s down because AIM is all about people thinking they can get rich quick. People on the whole are looking for the quick buck and are not prepared to sit and wait. It’s why so many people lose so much money as they keep selling at a loss in the hope the next big one will make them rich.
With the company all but ruling out a JV, investors are struggling to see where good news is going to come from in the near term. This is why l am very dissapointed that there does not seem to be a winter program this year. It’s another wasted winter for our western oil find that can only be reached in the winter. Should have done a raise at 30p and drilled another well this winter(another 75 mil shares is nothing in the big scheme of things). I fully understand the long term plan but this is an AIM company and the SP survives off impending news and actual news, not webinars.
That’s some RNS, very professionally put together and extremely detailed. Just wish they had put it out earlier in the day as a lot of people will have missed it. You have to laugh at the idiots who seem to think that it’s expensive to build out an oil field. I suppose they thought you just wave the magic wand and the oil just pops out of the ground and makes its way to the pipeline. Idiots.
What a change since Hobbs came on board, just goes to show how important it is to have really good people at the top of companies. No more investing in companies with duff officials for me.
The one thing that is quite clear now is that the field is commercial and in a big way. Yes it’s going to cost money but Hobbs has a plan on how to achieve that without diluting us to much more. In the end even if they have to double the number of shares there is still a whole wack of money to be made here. I will just put the shares in the bottom draw and wait. The potential is huge.
They will also want additional funds to keep the gravy train running for at least another year. Honestly nobody should trust this company, this is the second time they have done this. Funny how they leave us with the sniff of gas and they now have a better idea for drilling a new location. Just like several years ago where they were also supposed to move onto a second location which never happened. I can remember thinking where are the updates on how the new pad is getting on so as to be ready. Nada nothing no pad prepared, they quite obviously had no intension of the second location.
Wookie my niece works in the city for a large multi nation company that has lots of trust funds. They would not touch a company like COPL until a great deal more is proven, absolutely no chance. If a major comes along as the JV and the SP starts to kick off big time then there will be some interest shown. But way way to risky at the moment for an institution.
All comes down to what is covered by a material event. Please explain why the County has bothered to put on their maps Confidential Well if there is no well on the ground. No well needs to input onto a map let alone Confidential Well.
The possible JV partner would most definitely want any detail of those possible wells kept quiet. If the results were excellent then they would be concerned other companies would be all over COPL. That’s why an NDA is in force.
Unnd they could have been drilled by the JV company and as such be in their figures. If the wells were shut after a flow test there would be no revenue to report. There are many ways of getting around not having to report anything on the wells.
Well however this person is he has done his homework. Including finding the two wells that we suspect have been dug and are being kept in secrecy. He does not come across as somebody who bought a few shares on Friday and is looking to ramp up for a few quid. That post has taken some work and time to put together. For sure it’s a best case scenario but if it all came good it just goes to show the potential that this share has. Made for a good read if nothing else.
Good grief Blackstout how nice that would be if you are any way near correct. I await the gasps of horror from the known suspects who will be all over your thoughts like a rash. It will no doubt make for some interesting and humorous reading.
Sadly Redbeard is right in that this is going to be a money pit for the next 5 years at least. There are no early returns to be had as this is right at the start of the project. Little to no infrastructure or local expertise available. On the good side it is a massive yet empty country so there should not be too many problems with permits once you get past the politicians. It will certainly provide a backstop for various people in the company to keep making money.
Another thought is maybe Ashley thinks 88e are going to get bought out and he needs something else to keep 88e alive. That's pure speculation on my part so don't take it seriously.
Thats only one side of the story Jim, presumably according to your thoughts they also pumped from 30p to that 140p gaining a whole lot of money for others. No need to pump this share the details are available for all to see including lots of reports from independent companies who do not risk their reputations by putting out lies, unlike you.
Ted Aim investing seems to be all about quick money. If there is not a lot going on in a company the traders all depart for elsewhere in the hope of a gaining a few quid. So news is the main driver and at the moment there is not much of it for PANR. Lack of funds looks to have put the end to any thoughts for a winter drill (which is a mistake IMO) so then we are left with next summer, so the SP will drift.
The shorters can also see this and will do their best to push the SP even further down. Despite the dilution I would have liked to see them raise some money for a drill this winter as there is still lots to learn about our oil out in the western part of our land. Come March next year it will be two years since we did some work on our billion barrel find, so realistically it will be in 2025 before we get another go. Its taking too long in my books.
I wish they had taken the offer of a billion $ that they were offered two years ago for supposedly a relatively small part of the company. Hindsight is easy but where would we be now!
That court case may well have been the reason for the length of time it's taken to get this JV up and running. With that running in the background it may well have been enough for the potential partner to say hang on we will wait and see the result of this court case before we sign up. Hopefully we will get news before Xmas.
What a load of nonsense today. I was not expecting a name today, but regardless even if I was who the hell cares at this stage if the name of a NED does not arrive. With all the nonsense on here today it has helped create panic amongst shareholders and we have lost the nice rise we had yesterday. Seriously guys and girls we know the comms from the company are pants so lets try not to kick off when we don't get the expected, it just gives further ammunition to those who are trading/shorting.