The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
· Charlestown will invest £1.5m in the Company, initially in the form of a loan, which upon closing of the AREA OFF-1 farm-out to Chevron and subject to prior completion of an agreed share consolidation shall convert at a fixed price of 0.168 pence per share, being a c. 20% premium to the current share price. This will result in Charlestown holding a c. 8.7% shareholding in Challenger Energy, thus making Charlestown one of the Company's largest shareholders
· Charlestown is a New York-based specialist energy investor with a successful track record of making early cornerstone investments in listed exploration companies, most recently as the lead investor in a listed Namibian-focused conjugate margin player
Looks like the share price will hang around this area until the farm out is signed as to fulfil Charlestown's deal. If the share price rose before hand may see a pull back to fully the share transaction.
As Nas-k posted www.galp.com/corp/en/investors/publications-and-announcements/investor-announcements/investor-announcement/id/1529/update-5-on-namibia-exploration
It just gets better and better - The trolls are defeated - idiots.
50 for 1 would be good here as at the current share price of 0.15p large institutions are not allowed to invest.
As a result of this at the current prices we will be 7p per share which will encourage more investment opportunity. Also I would say at the moment 10.39bn shares are in issue which is not healthy and after this we will have 207.8m shares in issue which is a lot better.
The instituations realising how big this can get - MASSIVELY undervalued at the moment and an extremely STRONG BUY.
Don't wish to be out over the weekend as people begin to catch on to how good this is going to be.
BUY BUY BUY!!!!!!