The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Morning Chris.
Another set of bumper results.
Seems EAG are having other investors in their business because we are basically skint.
The AD plant is becoming expensive to run and with electricity prices falling doesn’t bode well for the future.
Good afternoon Chris.
Hope you are bearing up under the constant news here. The board must be sleeping most days.
Over 15 months since this fantastic deal was done.
Just how long does it take to sign a piece of paper.
All of the AD investments are slipping away as the months go by and of course the petty cash must be almost empty by now.
Utterley disgraceful show by the board.
Ujo state in their recent accounts that due to the rules and regulations in the uk slowing up progress, they are looking further afield for self financing oil producing projects.
Hence the initial investment in Beacon.
Share buybacks seem to have stopped so money being used for investment purposes instead.
Could be a very interesting situation here in the coming months.
Union Jack Oil have disclosed an above 3% holding in Beacon.
Not sure when it was as they mentioned they were looking forward to the testing of the well.
Bodes well for the future.
Imo they have the spare cash to increase stake and possibly a takeover bid in the months ahead.
Over four years in office.
£10 million wasted on a name change for a now abandoned business and a half owned cess pit generating ever smaller returns as the electricity generated price continues to fall.
Looking forward to the fertilizer offshoot.
At least that should make something grow not the company however.
Just been emailed their first newsletter.
Things definitely moving.
We just need that elusive ipo
Can’t seem to copy it over.
Probably have to e mail them to get a copy.
As with any business nothing can be taken for granted.
The statements you have made are all true and well thought out.
Imo this company is only going one way.
This will go some way in recompensing former ADV shareholders still invested.
Hope news hits next week.