The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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They don’t reply to emails so I very much doubt they’ll take calls
Nicely put Ispy, Good"Put up or Shut up" question and the answer's can only but help to reduce some of the frustration amongst us currently Mushroomed Shareholders here.
I Personally hope that Wasa will be able to back up his Statements he's Posted on here and like the Gentleman you are have to offer your apologies.
If not looking as though He's been Spinning us all a very long Yarn.
Wasa's answers to your questions should prove an interesting read.
@ wasarunner.
You claim to speak to MB? I have no reason to doubt you.
But i did ask you to speak to him and release a "we know of no reason for the price decline" RNS.
You have yet to respond.
I would assume that that your dialogue with Matt Bull makes you an insider.
If that is the case, can you please let us know here.
And if you can't, why are on earth are you saying (not alluding to) that you have spoken to the great man?
I think you're talking a load of ******.
Prove me wrong and get some of your "friends and family" to donate their shares to you. Just so it will take you over the 3% reporting threshold. Lets see your holding.
Forgive me if i'm wrong, but i see no reason why anyone would post that they speak to Matt Bull, when they will clearly be asked questions about it.
Basically, i think you're a liar. But please prove me wrong and i will apologise.
He told me, I don't know how distributed his network is but assume these are mostly in Oz. I'm sure that number changes but his personal holding is of course declared.
I hold now just a fraction under 4% when I include family and 2.7% individually. Didn't realise my personal holding was so much I've never done a TR1 before might be an opportunity if it stays cheap!
Can’t see where it say MB family and friends hold 25% wasa. I can see that they need the web site updating though, sure it has to be keep up to date every 6 months. Maybe they’ve forget there’s a company here.
Agree, hence I positioned in 3 and one is gold which is normally anti cyclic. Not saying at all that it is without risk but I would be more worried if a. Original capex wasn't $40m (still a decent chunk, but its not $400m) and mb and family and friends didn't hold 25%. The former means its financeable the latter means he doesn't want to dilute much if he can help it. But yes agree many bod's don't care about pi's so you have to make your own luck in this game.
The fact graphite will be big in the next few years is why I am here. And there should be a geo political fight over commodities it has already started with oil, for now, which will drive prices up. The macro is good for commodities almost with/without recession, especially in 'green' materials. What else to invest in because you sure as hell don't want to hold £s (probably not property either, at least short term). China will want to continue resource monopoly too and we are likely to get a deal with Chinese company.
Reality is Armadale could be a $bn asset current mcap £15m so you need to make a judgement as to the probability that it will materialise as not all juniors go on to fulfil their potential (indeed most don't?)
Big gamble on AIM continually buying and classing it as an opportunity every time the sp drops wasa, risk/reward I suppose. A lot more risk than reward though when you see how many don’t make it on this market. I never like to get overweight in any one stock as the cards are stacked against pi’s. As you say ‘if the company delivers’ otherwise this opportunistic low sp becomes a distance high sp that it will never get back to generally through dilution then consolation etc etc more often than not.
We should also benefit from following a path already cut. The Tanzanian govt agreement at 16% worth our bear neighbor should make it easier for us to get agreement without the costs. Also we should benefit from any infrastructure built by our neighbours So it’s not all bad. But comms is ****e I agree
Possibly but that created opportunity for PIs to add at sub-par valuations (and by sub par I mean for e.g. compare to BKT). We had a parallel situation with Horizonte where City Financial, then Richard Griffiths then Morgan Stanley sold up. I bought shares all along the way (not all the shares obvoiusly) as I have done here with KB selling. If the company eventually delivers, you have to see this as an opportunity and if you come into money gradually, as I have, then elongated buy window is what you want. Appreciate we all (including me) want the mine bulit sooner than later but I owe both KB and MB if this now goes ahead and gets build, the former for the lower entry, the latter for the eventual delivery.
In terms of timescales it hasn't been plain sailing for any junior miner in the last couple of years and in Tanzania we have seen president change with Covid.
So while finance was cheap and inflation low, would MB not have made money from this anyway if the mine was built or under construction now rather than waiting. The problem he had to the detriment of PI shareholders was his buddy AK wanting to sell without collapsing the sp to zilch, dragging it out so that he could sell the rises. Don't think it had anything to do with much else to be honest.
Assuming all is well, the cash raised in 2021 will pay for the professional mining consultants to prepare the documentation needed to invite tenders and to raise the $50M+ for the project. Such guys cannot be taken off a shelf, their lead time could be months, their delivery period could be months. It would be nice to know that this is the case, of course. Not the time to sell just yet IMHO.
And in case this isn't obvoius. Armadale are applying for the extra exploration licences to facilitate a $$$ sale above the value of the current proven resource - otherwise why would a junior spend money on exploratoin when it already has sufficient proven resource to develop. It's obvious really. They build the (first) mine, prove additional resource sell (probably to the Chinese probably people they are talking to right now). Guesswork on my part but join the dots. Huge demand for Graphite coming. GLA
Amtech just to qualify with an example from my investments: Jeremy Martin was appointed CEO of Horizonte in 2010 and have developed the asset(s) since that date and hope to have a mine built end 2023 early 2024. The mine isn't in Africa so no Africa factor. They strongly (the BOD of Horizonte) believe it is a chance of a lifetime also - enough so that the CEO has stayed 14 years (albeit on a decent salary), proven the resource, and secured $630m funding. The time for nickel is right now +/- 5 years. The time for Graphite is righ now +/- 5 years. Matt Bull knows this Jeremey Martin knows this, what the example above shows is -> the outcome takes time, in the case of Horizonte probably 14-15 years since CEO joined to when it gets sold. Very different companies, JM is very well remunerated for his effors, MB will be renumerated when his 10% delivers his $$$. Personally expect both companies to sell eventually, perhaps in the same timeframes. But saying these things don't take time or take forever -> in the case of a quantum shift of demand for a particular commodity/commodities - it is really true that this happens once in a lifetime. By the time people figure out high grade nickel/graphite is in demand and scarce all the companies like Horizonte and Armadale will have been sold to the highest bidder. NOW is the time to be invested, whatever our frustrations, and always given that you trust the BOD to deliver. GLA
I always sell at the bottom and I haven’t sold yet lol
Looks like I sold at the bottom :(
Thing is they seem to be concentrating more on Paterson, they can’t hide behind ‘this is Africa’ BS. It’s taken far to long for that, phase 2 feed studies ain’t getting done in Africa, neither is the financing.
I take your point on Matt being in with a low average and a cheap take over could happen. Share price right now is a joke one £10k buy now 8% up ??
Why would AK (part of GAT) sell to ACP in the 1st place if the site was so promising? So that MB and others could make a lot of money through ACP warrants perhaps? Just wondering.
lol 20% premium let’s be sensible at least
MB was in it from the start with AK as part of GAT who sold it to ACP it’ll owe him nothing even at this shocking sp. Do you know what his average is? Saying you only get ‘one chance like this in a lifetime’ on record or not doesn’t make much difference. The speed at which they are fast tracking this I presume he means in the next life and not this one. Few question though , Is Mr Greg Entwistle actually a person? Are the advanced funding discussions actually in the extremely advanced stage now or the very extremely advanced stage? Are the phase 2 feed studies actually taking place ?
No chance am tech. Matt has his family invested here as well as owning about10% himself. On record as saying you only get a chance like this once ina lifetime. So rightly or wrongly he will build this mine. However slow we think he is being!
It’s nearly low enough for an offer soon which the BOD will advise shareholders to take, probably a 20% premium to the sp price packaged as a good deal.
Appreciate people are hurting (I don't like being underwater either) but for me none of these have changed:
- company running out of cash?
- resource diminished or political risk?
- commodity not in demand?
- some other massive logistical problem that would prevent the resource being developed (this one is perhaps a bit more subtle because as I understand it there are supply issues in Africa right - for e.g. my other holding GRL have problems sourcing Diesel).
Has the macro changed enough to drop this to half it's former valuation? Not in my opinion which is why I added. Company not releasing news of developments doesn't worry me overly. No news I don't infer as bad news. Things take time. Appreciate others see this differently.
Each to their own and I wouldn't criticise anyone for protecting their capital but selling 'at the bottom' is rarely a good thing. Are we at the bottom? Looking around AIM and markets generally, got to be close IMO. Armadale is a binary play on whether the mine gets built - gets built - you make money from here, doesn't get built, you lose everything. What are the % chances of it getting built, perhaps slightly less in a less favourable financing market (and with inflation present) but AFAIK the resource is the resource still, graphite is in demand and indeed graphite prices remain good.
I added £50k last week so I remain, for now, a buyer. That was new money thankfully didn't have to sell any of my other tanked stocks. We will see. My horizons are 2025-26, that is the investment timeframe, if people need money sooner then this kind of investment is probably not the thing. Mines, especially in Africa, and especially a first mine for a junior, take while to come to fruition. GLA
I've sold all mine over the course of today :( - was getting to the point where I was losing more than I can afford so I hit the emergency button.
Sad times.