The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yea, tbh i do sometimes forget that we have a stake in actual producing and developing assets that do have a value and i do spend too long trying to decipher the boards intentions, i wont ever be one step ahead of them in this game so i can try to understand their previous moves to predict their next one, there are just too many parties involved to keep track of it all.
if the company needed £3m why is it so hard to get hold of? why are all offers in dribs and drabs.
Riverfort at the door offering £50k a month? Zen offering £83k a month? when we have cleared all our financier debts.
you need $2m to renew the license? ok no problem show us the bill and we will transfer it directly, here you go, here is the money and its secured against that 25 year license, if you default its ours and we will convert it in to a controlling stake of equity in your company. we know your shares will rally of the back of this financing so If you want you can pay it back early with X% interest or X warrants, all sorted.
Next you want some cash to drill? OK well now you have renewed the license and the share price has recovered just issue a few shares to cover the drill costs.
The company is struggling with cash flow? OK well the first thing we will do as a board of directors is cut and defer a large chunk of our pay and all expenses are being scrutinized. that should free up enough cash for the drill alone in 6 months.
even Align could scramble together £1m cash and £1.8m warrants over time, with a $5m bond in the making against the asset, while we cant get $3m secured against the whole company and when ATOG suddenly has $125m on the go yea ok?
The Game is being rigged, i hope change is afoot. :)
irishmouse - in my more feverish moments I sometime think that there are very few genuine pi posters on here, but that you are one of the few.
What is going on I don't know - why should Forum be so interested in taking a 24% stake, when it looks like they have a good asset in any event, most companies would run a mile; what are Zenith up to, the "deal" has run into difficulties already; have Align/MacDonald given up, or just biding their time; what is happening at the pad?
Why should any of Forum, Zenith, AM/Align be so interested in us as to scrap - but at the same time the shares are almost worthless.
Why does DS still haunt us here when he obviously is the ultimate owner of the Tunisian assets? You would have thought he would have had enough of Anglo.
So many questions, so few answers.
Skittish, who would be working around The wellhead? According to our BOD we can’t afford a packet of biscuits, are they not telling us something?.....No that would be dishonest or at very best misleading.
Contrast these images of Tilapia taken over recent weeks.
This is a comparison of 3rd December 2019 with 28th December 2019 and 13th January 2020 showing that some equipment appears to have arrived at the pad and some disturbance had taken place around the 103C wellhead.
https://ibb.co/9p5jhQ4
That remained the position on 17th January 2020 -
https://ibb.co/q0v90nr
This is two days ago 27th January 2020
https://ibb.co/bBLR8nh
Even allowing for different lighting conditions there appears to have been a marked change in the appearance of the pad, with a number of dark "blobs" appearing suggesting some sort of equipment has arrived.
This is yesterday, 28th January 2020, slightly less contrast, but again suggesting that there is some sort of equipment surrounding the wellhead area.
https://ibb.co/JjxBVBY
Hopefully we may get a clearer view within the next couple of weeks.
Operational matters? But then itisagame thinks that it is all a game.