focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
TimesB I like your dry laconic humour!!
I’m invested in another share called SAR where the communications are also terrible but once again the underlying potential from the product is so ginormous it is the one aspect of these businesses Im not too worried about!
Hi Aber
Good luck v West Ham at the weekend will be a tough match! I for my sins have followed ManU since 1967 and gradually coming to terms with the fact that even mediocrity from my team would be a bonus now; at least the current shower of herberts who own, manage and play for the club can’t take away the memories!!
I have been to Molyneux a few times great ground and atmosphere and my favourite match was back in May 1972 on a Monday night when Leeds were in their prime and needed a win to win the league but lost 2-1 in an incredibly tense match allowing Derby to win the league!
Great result for West Ham tonight .. PCS will be happy!
Dr Parker did spend a considerable amount of time after the meeting talking to shareholders and listening to further questions and also to further thoughts from Mr Smith who had spoken so eloquently during the meeting. Everyone was able to reinforce the strong feeling that significant improvement is urgently required both in the PR and management structure of SAR. My belief was that he took on board a lot of this feedback. I wanted to ask a question about whether SAR felt Peel Hunt were making any significant contribution to the company. Dr Parker indicated that PH were brought in primarily to up SARs profile with institutional investors and he was happy that they were actively doing this; however institutional investors were unlikely to come on board until more concrete data from Phase 1a and 1b trials was available. So realistically it really is very much a question of having to be patient and wait for the data to come through. No amount of huffing and puffing will change that. With 737 there was nothing more to add; if something does happen on that front we will probably all find out at the same time.
Great to meet you too PCS and Gunnar and a few others who can’t or don’t post here. Glad I made the effort to attend.
I think there is a consensus generally that the leap in price to £4 (8p old money) in the summer of 2021 was overdone and similarly the ludicrous drop back to 50p (1p old money) is also way overdone and that really, all things considered, the current price ought to be between £2 and £3.
I do not think there was anything at the AGM to justify a 10% drop today but I guess we are in a period now when nothing is likely to create forward momentum until concrete data is released on 1801 or a deal comes along to revive 737.
Great to meet a few fellow SAR chatroom posters in person; really interesting cross section of people.
There were some powerful contributions from the floor strongly supporting the great scientific work being conducted by SAR but lamenting the woeful PR and inadequate managerial structure. The clear message was that it will be the data that will drive shareholder value in due course but until then and in preparation for good news the company really does need to up its game and its profile in the sector and more aggressively push the great story that could be unfolding here.
Almost back to a penny (old money); seems incredible given the progress on 1801 😵💫; is it the death of 737 that is killing it?
In response to The Times article somebody published the following comment …
“” I think it's pretty obvious that Jawad Iqbal has never been on a production platform or pad in his life.
I used to implement operation and maintenance software for oil firms like BP, Shell and others. It took me to fields and facilities in the North Sea, Colombia and the Western Cape - members of my team finished up in Sudan, Nigeria and the North Slope.
Developing an oil field is not just a matter of drilling a few holes and loading the oil on a ship. It needs an extensive logistics and support infrastructure, somewhere to land and process the oil and so on.
Where would he propose the support operation be based - thousands of workers, warehouses, docks and so on? What about the terminal (hopefully pipeline, given the sea conditions)? The Islands certainly don't have the infrastructure to support it
How viable would helicopter support be, given the weather - or would it be a matter if relying in ships, so much slower?
Where would you build a production platform and how far would you have to tow it? If it's built in a Far-East yard you'd have to bring it around Cape Horn.
Oil is currently trading at a bit over $100/barrel. "Cost to lift" even in a mature and relatively shallow province like the North Sea is about $40 at the moment. Tax then claws back 75% of the remaining margin - which I make it pays back at just $15/barrel. Fields like Rosebank are marginal - and that can use existing facilities in Shetland. This can't””
Coverage in The Times this evening under heading “Britain should look to the Falklands for its oil needs”
Quite right .. totally agree
You are absolutely right NN; the planet is warming slightly and sea levels are rising slightly but nowhere near to the catastrophic levels suggested by the dopey scientists. They twist the evidence in reports they tweak their models when they don’t get the results they expected. There is no justification for trashing western economies and transferring jobs abroad to countries who really aren’t that bothered about global warming. We do need alternative energies because fossil fuels will run out within 100 years but it needs to be a gradual process. Solar and wind are not the real answers; interesting work being done by Rolls Royce on small modular nuclear units could be one of the solutions. I’ve been around long enough to be sceptical about majority views of experts .. 300 University professors wrote to The Times to condemn Thatchers policies they were wrong; diesel was supposed to be the big new thing for cars .. wrong! I could go on but certainly the climate change panic is the biggest con of the lot.
Thanks Lazarus appreciate the constructive response; hoping to attend the AGM on Wednesday and looking forward to seeing the main players in person for the first time.
Not sure what PH cost us a year also not sure how SAR has benefitted from the association. October 29 2021 share price 6.4p ( or 320p in todays money) current price 60p (or 1.2p in old money) even though we are further down the line in terms of product development.
Have they updated/reiterated £3.04? That was in June originally.
I don’t get this valuation. Looking at other recent deals if 1801 comes off we are probably looking at £10+ and if it doesn’t we are looking at diddly squit; so how do they come up with £3.04?!! Is it just a finger in the air job and if so how much are we paying PH per annum for sticking their finger in the air?!
I have registered but it looks like this is a dial in or webinar service. I want to actually physically attend the meeting not sure if this registration allows this?
Thanks Warthog 4 👍👍
Thanks Gunner have just messaged Transact!
I thought you could just turn up! I read somewhere once about a guy in retirement who just went round doing all the AGM’s enjoying the free refreshments where ever he went
Looked through the various notices and can’t see any procedures indicating how you register to attend in person; does that mean you can just turn up so long as you have some proof of shareholding. Never done it before so just wondering.
How do you register as an individual .. do you do that with the company, with PH?
How are the wreaths going .. my wife is just back from a wreath making class had a brilliant evening and is thrilled with the results .. looks great! Our front door waits in anticipation of its new decoration!
I like the £1 billion target that’s my target for several small cap companies I have like PRD, GST, RKH, BOIL and of course SAR etc.. all possible but happy if just one of them came good!