The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thank you Dunk all really good info, I fear the doom mongers will now be scrabbling to come up with reasons to debunk your excellent analysis. Would be great if you could stay and debunk what will be their normal cr.p.
Knw of course those who are invested don't want negativity, we are not stupid enough to talk down something we are invested in. You would have to be either daft or a shorter to talk it down. Expressing your frustration every now and again is fine we all do that, but the constant drip drip from quite a few posters here is unreal.
Great RNS with 1200 boed a day flow rate from just one of the three oil zones in the well. Other two zones to be tested over the next couple of weeks. Then straight into to drilling another well. What’s not too like and as cheap as chips at this level.
Pilot it’s called doing due diligence and you would most certainly look at BB and what people are saying about the company before you spend millions of dollars and get in bed with them. Your another member of the gang that do nothing but criticise.
Trans you have clearly not been following along have you. Over the last week a group set themselves up to have a go at Art at the AGM, instead Art offered to do a zoom meeting with them. There were apparently several people on the meeting, at least a couple of them have given their views on the meeting with Art so its not just one person. If you did not realise that a JV involving many millions/billions of $, including CO2 storage which is a new game, would not be complex then you should not be involved here.
That you do not believe that JV talks are on going is clearly ridiculous, Art may be many things but he is not fool enough to destroy his reputation and career and risk jail time by lying on multiple RNS and Canadian equivalent. Yet another member of the short team.
massive pay rise justification - answered, no (if a suitable jv comes along in the next month he will deserve the pay rise)
massive drop in sp - answered no (he obviously feels the like of you and shorter gang have driven the price down. he also knows the bonds are holding us back, i don't think he had a choice at the time as he needed money, but he wants rid of them asp)
why no rbl but bond only - why no placing earlier or a rights issue - answered, no (no rbl because it is incredibly difficult to raise money through the banks due to biden who literally told the banks to stop lending money to oil and gas companies.)
why was the rs report withheld - answered, no (he has already told you that he felt it was too complicated for the average pi to understand in full, judging by the panic shown here when rns come out i fully understand his reasoning)
what are the contingencies to reserves from the resources, answered, no
why did they say 1700 bopd in the flaring meeting when in fact production has been nothing like that - answered, no (because they are operating an oilfield that daily flow rates will change daily as maintenance/weather etc.)
why is the comms so poor - answered, no (because he is ****ed off with the likes of you and has had death threats, i would not be overly keen to be front and centre with pi's if that is their response.)
why have they not confirmed to the market that we are a going concern - answered, no (he has no need to because we are a going concern)
what has he done, is given more of the same fluff, you still don't know who the jv is, when it might be delivered, or indeed anything of actual investable nature and you have come away with only trust me's, well experience has shown me whether than has been a wise move. (what don't you understand about jv talks that are confidential, he cannot tell you the name of the company, he cannot give you timelines because he is not in control the major oil company is. apparently you don't have the brain power to recognise that a jv with a large oil company is a very investable situation.)
quite amazing how hard the shorters are working today to keep a lid on things. i have no doubt they were expecting the team to come back after their meeting, with art is a con man, there is no jv etc etc, but have been shocked to find that the team have come back full of positivity. that stas has had most of his answers answered and yet he continues to **** the company and art off with huge long diatribes is quite amusing.
how you expect any sain person to believe that you hold here is an even bigger laugh. as for your new line that you would be happy with 25p you clearly are a very poor investor if you cannot work out what this company is worth when it has a billion barrels of oil in the ground belonging to them. of course you don't believe it will come out of the ground despite a major oil company wanting to take the lot. you are a shorter and you undoubtably have some others working with you.
seahawk you fool, please find the line where i stated i - "don't believe the bn barrel find is commercial" or maybe you could be helped by the 6 that ticked you up.
"that we have one the largest onshore usa discoveries in decades," - do we, or do we have a lake of oil we cannot commercially extract? - i guess we might have known more about this had art not lied to us about providing the rs resource report, what was he hiding?
your words in reply in to illusion stas, said only yesterday, you write so much ****e that you cannot remember it.
Right Stas you have just stated you hate management, you don't believe the Bn barrel find is commercial and yet you are hanging on just in case something pops up, you have to be the worst investor I have ever come across. You do a great job of talking the Company down, which you manage to do about every 5 minutes on here. I have no idea how people like you sleep at night.
BC there was no free gas on the first drill and the second drill which was only yards away had absolutely nothing, not even a show. As for your opinion fair enough but don't you think the company would have stated 30/40% instead of 14%, pretty sure they would. This will be the third well dug in the same location which has produced no free gas at all, bit much to expect it to suddenly flow helium. More info gained sure.
Kevin the fact we are drilling the same location is not positive to me. The first drill had a couple shows supposedly, but the second drill in the same location came up with nothing at all. Now we did not get all the way down with either drill but we went plenty deep with the first one with nothing forthcoming. Why go back to the same spot? The cos is very low and people will be dumping big time once the drill starts, timing for unloading will be key.
Stas that is the standard Shorters reply that what is discussed on this board has no effect on the SP which is complete rubbish. Anybody looking for an investment who is doing their homework will read into the company using whatever information there is including boards like these. Nobody in their right mind after reading this BB is going to make an investment apart from a possible short term trade.
Equally if I came out with some stated insiders knowledge it could go the other way.
You still have not acknowledged the difficulties that are facing the company or why if you believe there is no oil why you continue to be invested as you could lose the lot if you are right, better some than none.
Stas see you are doing again, you have no idea how the JV will turn out if it happens, yet you proclaim you are desperate for the SP to improve, but now you are trying to do down a possible JV which is your way out.