The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://x.com/le360fr/status/1772996630813237546?s=46&t=M-7yXU7Vt-Y1fcMtzquiTw
The market might be broken now, but I wouldn’t be surprised that 2 years it was not but that AP took his time to decide on a deal and that 1 by 1 the offers dried up or t and c changed and now that we ended up with this situation!!
If we had done an earlier deal and if we had first gas around now, as first promised, we would have had money in the bank and credit to run these green projects and invest in them…… now we have to wait for results of onshore and we need good results from flow tests….. I still think they will come good but it has created a lot of uncertainty to the market!!
Not sure if A P will ever say if this is true…… also wonder what the price was offered, in the pub, for the whole company!!!
One thing is for sure that timekeeping is not ap’s strong point!!!
With a project this size and so important to the EU and to the country I would be very surprised if we are the only one that are looking at green hydrogen projects in the country!
So difficult to put any value on the project untill the tender has gone out and we have won the project!
The end says , planning on the signature of rig 101.
Every report says it has been signed……
Predator says in one of their statements that they are competing with char to get the rig 101 signed…
I interpret that as the negotiation are still going.
A bit misleading
I think they have only them selves to blame, so myself for not thinking through the consequences, for not having done flow tests!
Not having done these test they have left open question marks regarding how quick , and capex we need for a substantial flow rate!
Hence the price of the extra 10% is relative high compared to the first 45%.
Unfortunately I was not available for the question time but having listened to it, it seems there was no question raised regarding the 37.5% give away for the further resanna license and how this will be funded and in the future!
Do we need several years of cash flow first to be able to support this project.
Ap mentioned something about giving money back to the shareholders but looking at his history of timelines that doesn’t bode well!
Ask if there was an offer made for the whole company, he said yes, unfortunately there was no indication of a valuation (share price!). The offer would also not been a real offer since that would have been subject to rns…..
Still holding and hoping that the onshore drills come in and we get an income stream since the money we get from the deal is really not that great, that will have run out before 2026……
After that, I believe the news of the flow rates and then the FID will be the catalyst for the share price.
For now, hopefully it steadies ……
2024 is the new 2023 for Chars timeline keeping and promising…..
“So far, Morocco has not in any way threatened to break ties, or anything else. But there is concern, and these are uneasy times across the Middle East and North Africa,”
Relationship “icy”
Maybe the market is not happy with the political background from the chosen partner……
How much more dilution is required to drill for those prospects? They might drill further in anchois...... Where does the money come from??
Hopefully a farm out (which is also a dilution... 🤔) but hopefully no more share issues. Not a fan of 1 billion shares in use.....