The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good post Uncle John. I'm a little perplexed at the constant mention of SXX. I really don't see why as them and us are worlds apart, plus we're main market and not aim. The SXX cash requirement was like a bottomless pit whilst our cash plan is very clear.
I think in a recent interview Hayden mentioned both permits and finance could be out of the way by the year end. Even if it runs into next year, we have an expert in Hayden at securing finance and GC is an expert in the development phase and beyond. I'm very relaxed about my investment here and have seen nothing to worry me. I'll continue to add.
TP3. The answer is easy, if you don't have faith don't invest. EML is totally diffferent from SXX, indeed the only similarity is potash. I was an investor in SXX and sold out ages ago at a significant profit (fact, not boasting). Why did I sell because whilst the whole concept was excellent, the cost of bringing the mine to production was horrendous and it was perfectly obvious that SXX was going to have major difficulty securing the sums involved. I am satisfied that EML has frankly a very small hill to climb by comparison with SXX. Another major difference is that EML is a relatively lowkey operator by comparison with SXX which was always issuing RNS's at every available opportunity.
Remind you that EML isn't AIM :) It's listed in the main market
Investing is never without risk, but in my view the risk/reward ratio here is incredible...
Dear PT3, I share your sentiment an I posted similar a few weeks ago that finance was likely to be a bigger issue than some think. This was my experience from SXX. EML is a different beast but I cut back my position significantly over the past few weeks. Salt Lake potash and TXP you can see the value and money rolling in with out any more dilution (well salt lake after its placing)
Hi A, You posed a Q to me on Aug 4 as below:
“Secondly, we learnt from HL recently that the Co. is in no hurry for either permitting or raising finance. HL said 2nd Q 2021 was 'ambitious' for securing both. “. Supply a link to this data?
First, apols for delay in replying, been away from board for some days.
I did not imply, or intend to imply that HL said he was in 'no hurry'. That was my observation based on his comment that the timeline for permitting and finance P and F) was 'ambitious' for Q1 2021. I did inadvertently state Q2 2021. However, I believe my sentiments to be true. Both ( P and F) are crucial for the project to proceed. As I have alluded to previously, Optimistic Micky1 has referred many times to the excellent NPV and ROC of the project, but HL, from his aformentioned statement, obviously has difficulty in convincing the 'money market' and believes it could be, ambitiously, another 8 months to secure funding. This should have been worked on with potential lenders, as soon as some preliminary capital cost figures were available. Various posters are of the opinion that this share is a 'slam dunk', and it's only a matter of waiting before the big pay day arrives.This is not the case. SXX is an example of what can go wrong when funding becomes an issue. And, as we have recently been informed, their CEO pocketed £1.3M. I'll say it again. The main objective of a CEO and for other senior managers in an AIM company, is to procure a financial legacy for themselves and their family. If the companies share holders also do well, it's a bonus. The sp is at this level I believe because news is many months away, or at least, news on P and F. Brokers forecasts and comments should always be put where they deserve to be, in a bin. NPV figures can be 'massaged'. When there is a host of drill results or other measurement methods, figures can be put out which can reflect better than the overall implications. The money market may be 'wary' of the project. It is important for all investors to be aware that AIM has a plethora of failed hopes, dreams and in some cases, lost small fortunes. It is better to be cynical than over optimistic. In my opinion.