The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
My my LSE often get the trades wrong as they are based on the figure of the transaction so often they are incorrect.
However on this occasion all but the latest look correct.
MMs will manipulate the price to make a market, they may be trying to attract sales to fill a buy order. Volume is so low at the moment it could be anything.
You only need to worry when you see sales or buys in the many millions!
GLA
Agree Jez they need to get their skates on regarding SM either way (unless it’s included in any sale)
They could transfer the security on the debt but that would be in the hands of the security holder.
I think there will be an offer and I hope it includes SM, however I also believe Newco was created to accommodate SM in the event of a sale of Eastern assets only.
Either way it is exciting times for holders who don’t suffer from nerves.
I suspect any offer over 25p would be snapped up by PIs. But I’m not sure that reflects true value. None of us know what’s in the data room, we only know the details of TE5 and that we drilled a number of dusters. The data room may be an Alladin’s cave of value to a major....or it might be a crock of xxxx
If we hear next week then I fear it would be bad news, I think we are still a few weeks off.
GLA
Jez in order to retain the SM license they need to complete seismic in the next 12 months as a minimum. They would have to do this as the debt is secured on the asset. So an Eastern strategy in isolation wouldn’t work.
I’m still in the camp that believes we will get an offer so hopefully it won’t be an issue.
GLA
*too stupid
Sorry for the typo, but I’m very stupid
N4£ I’m relieved I’m to stupid for you to insult because I would be very hurt I’m sure.
I’m sure you aren’t stupid but I won’t insult you either because that’s not why we’re here is it? Or am I too stupid to realise that this is just a board for you to insult people?
GLA (even you N4£) ;o)
Sounding off please stop the positive posts based on public domain information and facts.
This board is only for negative posts based on conjecture, conspiracy and sentiment ;o)
GLA..... not much longer
Expel should be Expo!
Autocorrict plying up again!
Expel you should stick to cutting and pasting the technical stuff that you are known for and makes you look knowledgeable. Leave the financial stuff to people who know about company accounts because you lose credibility when you post erroneous financial stuff ;o)
GLA
Yes hopefully news soon, and hope BM was correct when he said it will be finalised before end of October. I almost don’t care what the price is by LE the waiting is too painful watching all the doom sayers on here.
GLA
Il’ est merde!
I'm honoured to be name-checked by Trellis as one of the disciples. If only I still lived in Norfolk I would join you for a drink.
I have noticed that the number of posts on here is directly related to the weather as well as sentiment, let's hope we get an Indian Summer.....Or maybe a Moroccan one!
GLA
I wouldn't worry too much about Schlum, if they have spent $70m then their share of the gas in TE5 is worth significantly more than that on its own let alone any other future discoveries in the permit areas.
Interesting Article Ducati, I like the title 'A game of musical chairs with the Anoul permit' Not sure it adds anything and it even refers to SM as an asset in Eastern Morocco so its not entirely reliable!
Come on JP and team, not much longer please, the kids need new shoes.
GLA
Thanks Partridge.
I think JP thought SOU would be sold by 31 March 2019, everything has dragged on longer and less successfully than any of us would have wanted. However we still have huge average with significant proven reserves so I am sure it will be resolved with a modestly rewarding outcome.
GLA
The squabbling on here is quite boring but hopefully this won't go on much longer. BM said recently the current process would be complete before end of October so hopefully not too many weeks to wait. I'm hoping for some news during September. 50p plus.
GLA
Can anyone tell me what the above RNS said which was referenced in today's RNS?
For some reason the archive of RNS on here misses out a great chunk of archive from about march 2018 to 2016!
GLA
No bajaman, nothing as straightforward as that, we need a conspiracy to squabble over ;o)
GLA
What does JP end up in court for?
No they look like buys at that level. LSE isn't very reliable with it's buys and sells. In fact its not very reliable for most things! Director trades don't get updated it's a bit rubbish really but you get what you pay for ;o)
GLA
Think I saw that episode, he was asking for a valuation on 3.1m 'golden tickets'
GLA
..a statement from Who that I can agree with!
Going back to my original question, anyone know if there is a statutory timescale/notice period for calling an EGM which will be required once (if) a deal is recommended to the shareholders? Any qualified company secretaries here?
GLA