The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Maybe Monday will take us up to 40p.... 3rd day lucky
never much stock here....makes you think why not .
Cheers for that BIo..... Well let's see.... The MM were scrambling for stock before that speeding ticket lol.....
BruceJamieson, remember you on here early this year. u were negative towards this stock when i was posting...how did lloy go for you.
Saxxon, tbh, I have no idea. I really like the company but at the same time, they do have a fair bit of debt (which increased following acquisition on INTEROIL) but some of it may be ring-fenced. Chachahuen (conventional) is their powerhouse and is where they are planning to increase production. They have a large acreage in Vaca Muerta, close to some majors but Vaca Muerta is mainly unconventional. It's worth reading about some of the guys backing them in Argentina. I recommended this to a friend of mine just days ago - he is properly loaded but doubt it would be him lol.
Bio.... So where do you see going?
As I mentioned earlier, I follow this company quite closely. When I saw the initial rise yesterday, I remembered that during my research, I had read the following RNS dated Dec 2014 (do the Maths, 18 and 24 months lock-in period...) "The Board of Andes (AIM: AEN; BCBA: AEN) is pleased to announce that the lender of a convertible loan that the Company assumed the obligation for at the time of the acquisition of Ketsal S.A., has exercised its option to convert the amount outstanding of US$9,073,973 into Andes ordinary shares ("Ordinary Shares"). Under the terms of the agreement with the Company the amount outstanding will now be satisfied by the issue of 13,093,756 new Ordinary Shares at a price of 43p per Ordinary Share. The shares are subject to a lock-in period of 18 months in respect of 50% of the shares and 24 months for the remaining 50% balance."
The last one was Westhouse Securities. Back in October 2015 who suggested 93p and no modification since!
Those 15K buys still coming in steadily
Well just look at the South Sea Bubble. It was ever thus. I have had mine for ages and p,eased to see movement even though I only have about 5000. Shares in total.
hahaha still moving up, someone is so keen to load up
My point is more how the valuation changes so quickly over a short space of time with no news. This means either yesterday's valuation or today's is total BS. Shows the weighing machine is very broken at least some of the time. That's why we can make a lot of money on AIM. Blue chips are for wimps. AIM or die. :D
The stock market will always get the valuation of a value company right over time. Eg those with steady earnings, dividends etc. For resources companies especially junior ones. It has been like this since the .17th century. If you don't like it invest in blue chips.
I've also been watching this for a long time and was waiting patiently to buy. Tried yesterday, but couldn't get liquidity at a nice price. Perhaps we will have another chance. Hope you are in big.
yep spotted this last year ...but sold out way to early.
I'd say the move is down primarily to the very low free float of 23%. Short squeeze.
I agree Phoebus, it's just crazy esp that I follow this company so closely. See my post yesterday about how a few trades added almost £35million to the MCAP yesterday.
..
just goes to show how useless and inefficient the stock market is for valuing companies. Unless there is a bid or somthing, for a stock to wipe away what is almost 2 years of declines in what amounts cumulatively to about an hour of trading is frankly ridiculous. Good luck if you're riding the wave. And here is the denial RNS.
Speeding ticket
Boom Boom she goes....... Something going on here..... MM willing to pay full price!!!
Just won't stop going up - not even a tree shake...
Yip..... 27.6p paid...... This is climbing with those buys coming in groups every few minutes
OK, thanks bio_tango It's all happening here now...
There we go again...