The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Im a gambler i suppose.
we (i mean BOD), have drilled holes and discovered diamonds. Now, unless we have suddenll decided that all of the other RNS have now been downgraded, then, as far as im concerned, there are still diamonds to be discovered.
Will it transform the company, well, havnt they already said that they compared the whole event as transformational and have stated in the past RNS's that like Marsfontain, it could all be paid back in very short order.
Now, why the sudden turnaround. what has changed. what have they discovered that has suddenly changed this opinion.
I read the last RNS and i think that they are being cautious. I am inclined to gamble more and buy more shares, its also called averaging down i suppose.
I dont have massive amounts of shares, 1.35 million... but, i think this still might be a good opportunity.
These are only my opinions and afterall, its my money, so please dont take anything i have said as a reason to invest/or gamble your money.
These are just my feelings.
Good luck to us all
Im hoping that they are being conservative with this estimate. i mean, they dont know what is actually in the ground, so a cautious approach is probably for the best.
imagine if they find just one... just one single diamond equivalent to the koh-i-noor diamond
just imagine
The share price that keeps on taking, doesnt matter how or who ramps it, fact it, this share price was 24.5p after consolidation and now we are at 11.5p---- 13pence per share drop
13 PENCE, PER SHARE
And all of those rampers who kept on with their, this will be better, i expect this to rise carp... well
i hope it does rise, but for the next year or so, i dont see this going anywhere close to where we were 2 years and 5 months ago.
This just keeps on sucking
I am 99.88% DOWN...
This is almost, the worst gamble of my life (the worst being my first wife)...
And this has cost me nowhere near as much, but thats not the point... 99.88% down...
To put this into perspective... if i had invested 100,000 quid, id now have 120 quid...
10,000 id have 12 quid...
absolute shower of grade A ''fcukin grabage'' ... read it backwards
They need an opinion button on here that says simply - Barge Pole
as in , i wouldnt touch it with a......
unfortunately, i did, im at a loss financially and at a loss with the appropriate words to show my distrust of these BoD... but, i have the ability to follow them for the rest of their lives and try and ensure nobody else is duped by these people.
Metal Tiger holds 15,000,000 Armada Shares, representing approximately 14.42% of Armada’s issued share capital. In addition, Metal Tiger currently holds 3,333,333 options over Armada Shares, exercisable at a price of $A0.334 which expire on 30 December 2026.
A link to Armada’s announcement, released today, is set out below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02605740-2A1417089?access_token=83ff96335c2d45a094df02a206a39ff4
All valid points re collar, sandfire shares, accounts, .............................
and YET... STILL the SP drops like a lead fart
As i said re 12p and im going to revise that estimate down. i think 11 p is easily acheivable by this mob before the end of the year
Ahhhhh LENIGAS... literally, the biggest share ramper of them all..... REM, UKOG, INSPIRIT, DORIMUS...you name it.. he ramped it and not a single one of them is even close to where they were when he ramped them. LGO..... now Challenger oil and gas... down 99%....
im an engineer in the oil industry, and another interesting point thats never discussed is the recoverable level.
we historically only ever get out about 55% of the inventory in a reservoir. its never even close to empty
300milion barrels, youd be lucky to get 200 million out, even with water and gas reinjection.
So, this is gas, so we could pump water in, it all depends now on whether it is a hi pressure, hi temperature reservoir and what the plan is for transportation. what kind of sand, rock, sediment it is held in,
lots to do and it typically takes 4 years to the point of first oil/gas from the point that you start to properly engineer the infrastructure and im not even including a drill rig at easily 400k GBP a day (north sea)...
theres a lot to do and its not quick
your guess is as good as mine, but, possibly maybe time to buy back in. im hoping that this is the bottom, but it wouldnt surprise me to see this hit 12 before the end of the year.
poorly run business so far