The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'd the meeting between Iraq and iocs happening tomorrow? If they off something stupid tomorrow I think time has come for arbitration and on that note, can we chase iraq in the courts for unpaid money rather than Kurdistan given they are the ones effectively taking over this whole matter?
52 week low the day before a meeting on restarting oil flow...?
Petrofac, 888, Metrobank...lots of short attacks atm
5% down on about £100k sold..0.05% of market cap...by algos the day before the meeting to discuss a deal..erm yeah, good one...markets way to thinly traded, shorters just running a mock
The bond tender was at £93...that is not a distressed price. Directors buying, arbitration hearing in Feb with potential to win ruling for damages in excess of mcap...the meeting this Friday could rerate this above a £1 imo as it will become clear if there is a deal to be done
Unless they buy back in a cap raise as is often the case..but the board need to come out n say something now surely
Why would so many shorts get a bunch at the same time, surely the markets are not meant to act like this...stinks...holders have my sympathy here
FCA should look at this...are those shorts trading on the same info as us or not?
I fail to see how the shortest have not got wind of something, which if true needs to be outlined by the board surely
Surely now is the time for a bid if draftings is serious, 888 down 40% since summer, draftkings SP riding high...would make a lot of sense to do an all stock bid imo
Apologies on the FX oversight, I do agree, needs to more than double to just value the capex contribution for the carry
If the total capex for development is $900m and JOG has 20% carry...that itself is worth $180m...disregarding the actual profits from production, other milestone cash payments and other licenses...so why is the Mcap about £80m...it's nuts this
Based on the pre production capex jog's share is worth double the current mcap...then they have future profits from production, plus cash payments for farm out...the share price should double imo
Did it actually print an UT today?
Extended auction?
About where it was in Sept without the deal, doesn't stack up...must go higher surely?
What is the tawke depletion rate like, how many years production is left? I am not sure prices received for local sales can cover capex indefinitely..but it's far better than nowt. I had mistakenly thought that recovery by DNO was a quarter not a month ..thanks for that info. the Bina Biwa arbitration hearing could add a chunk to amounts owed to Genel, I was elsewhere when the cancelled that contract but it is a very odd one...feel like with the arb and fact Genel are not operator on tawke and talk of looking for assets elsewhere whether Genel are out of favour in Kurdistan with powers that be.
Looking good here this morning..not.
If they pull their finger out in negotiations and do a deal and convert the production sharing contract to profit share agreement we should be off to the races...but some very impatient sellers out there today...I also wonder if we will ever see the amounts owed for previous oil supplied
Granted it's not a sure thing but each to their own..I like big director skin in the game usually. My read is the deal if agreed will be cost plus $6 dollar a barrel or more...matter of time I should hope..you pays your money you take your chances
But unlikemany he is not day trading which tells me what I need to know