The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hopefully we have some high net worth individuals invested here who have the clout to not let this lie. Communication has always been poor with this company but to state that we’re funded until end of q1 then say we’re about to default is negligence. Shareholder revolt anyone? Where’s Goozee to start?
Could they be loading up with a view to agreeing waver? Seems like the company is at loggerheads with SL, Bondholders and JVP, all jostling for bigger piece of the pie.
Throw us a crumb directors, your stewardship and communication is dire, bordering on criminal.
I agree with your post but I am not a ramper, just stating the facts around the ggs and gas injection which started mid October and generally takes 6 weeks to take effect. It’s incorrect to surmise the ggs is not working, we simply don’t know yet, it’s likely we will know over the next 2 production reports.
15th Nov RNS
“ The Company commenced increased enriched NGL injection to the Shannon miscible flood in mid-October and early responses to oil production are being monitored closely.”
No point in GGS without pumping in any gas…which started mid October, hopefully uptick In November production, then December production will give us the more clear picture.
The GGS was completed middle October and such systems are proven to take 6 weeks to take effect. We haven’t seen the results of this yet so let’s stick to the facts without kicking people when they’re down.
Shaa, do you give any consideration to the geology that might make it difficult to extract such numbers? Let’s get to 2000 first before we start talk of 50,000. These ramping does more harm than good, I hope you’re right of course but the bullish posters on here have called this wrong for years. It’s tiring, some would even say disingenuous.
Doc, all you need to know about the bonds. Enjoy.
https://www.canoverseas.com/wp-content/uploads/2023/10/COPL_FCA_Prospectus-final-version-1-1.pdf
“You are missing the point, I expect this bondholder that is out is totally out, who says they have any 2028 bonds.”
Who says they don’t? I will believe when I see a sustained rise in SP and some progress on the ggs working, as in producing more oil, not just saving us on wasted gas costs.
Oh and the JV, some news on that would be refreshing, a theory knocking about is that the LOI signed was not signed by the initial company who was brought to the table. Could be another reason that is taking a while, all supposition of course, but most things are with this share.