The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
For_9 = Lor_9 @ autocorrect! Apols.
For_9 - he didn't say that.
He pointed out that the much discussed Value Event will only happen when ink is on the paper (my words).
He also said that things were in a "very positive place" (his words).
And that the state of the SP was frustrating (my words).
None of that is, in my view, privileged. He knows how the game works and I wouldn't bother asking him anything directly compromising!
But I liked his directness and thought others might appreciate it too!
GLA. T
Teaye great news getting something out of LR but isn’t saying a deal is ‘pending a signature’ pretty close to disclosing price sensitive info? Most CEOs will simply say they are working hard and sorry they can’t disclose any more details
Sheds - agreed. Local support is fundamental to this, especially if we are going to take it to mine!
Grappa don't agree with that - absolutely critical that the Junta are onside with the project.
Agree Antharry the "Junta de Castilla y León" posts are noise and clutching at very thin straws.
Reading the funding project objectives, I'm thinking maybe the grant will be for the long-awaited dual-flush portaloo with warmed seat ... Winter's a-coming...
Every little helps!
antharry if you look on Google Earth there is football pitch by the sewage works 'Campo De Futbol Villadepalos' - blatant incoming value event :)
I think within the province of Leon we actually intersect by three municipalities on the licence Mm's though I'm not sure which the other two are - just wonder if it might help being represented by three Mayors :) Has the hovering biro or Teaye's Mont Blanc Rollerball induced a buy at last?
The Junta de Castilla y León has approved direct subsidies to 18 city councils in the mining basins of León and Palencia, for a value of 7,821,701 to carry out a plan of energy optimization and diversification actions in municipal public facilities.
The project consists of carrying out optimization, diversification and energy efficiency actions in public buildings: nursery schools, indoor swimming pools, libraries and cultural houses, music schools, sports centers, pensioners' homes, post office buildings, town hall houses, campsites, medical offices and other municipal public centers.
The purpose of these actions is to promote an improvement for the alternative development of the coal mining regions, as well as to protect and improve the quality of life of the inhabitants of these areas. Specifically, of 18 mining municipalities, 14 in the province of León: Berlanga del Bierzo, Cabrillanes, Cistierna, Fabero, Igüeña, La Robla, Matallana de Torío, Páramo del Sil, San Emiliano, Torre del Bierzo, Vega de Espinareda, Vegacervera , Villablino, Villagatón; and 4 municipalities in the province of Palencia: Cervera de Pisuerga, Guardo, Santibáñez de la Peña and Velilla del Río Carrión.
Yes we get a mention Torre del Bierzo Before you all say im ramping!!!
Will we have an RNS tomorrow for a few shillings in the coffers? Who knows wont be much if we have.
https://comunicacion.jcyl.es/web/jcyl/Comunicacion/es/Plantilla100Detalle/1284721258155/NotaPrensa/1285069774125/Comunicacion
Yes Teaye I fear I have given away my class, though as my wife is constantly reminding me the humble Biro was invented by the great Hungarian Mr Bíró.
I skim past the usual nonsense on here a lot. Usually look at the username. But I must say the post by high side is an excellent point. Not sure he understand that LR isn't market savy. He's been slated on this board quite a lot even with his tiny group of a fan club trying to fight his corner. I wonder how much time Adam Habib has got until post about him having a negative impact on this backroom chat.
@antharry - geologist at heart he may be, but he's quite modern and has an email address.
[Sorry, couldn't resist!] I used his EUZ one.
Awesome xx
Not that I have corresponded more than a few times, I get the feeling - and hope - that any value event would warrant digging out the old Mont Blanc (rollerball, if musts be). A biro - even en masse - just sounds like we'd be selling ourslves short!
Cheers
T
Blimey that's quite candid Teaye, I find that very encouraging. Could you ask him where we should send a fresh box of Biros though?
I pinged LR this morning and he replied quickly.
The value event is pending a signature (as he said before) but they are in a very positive place.
And he is fed up with whoever is behind the constant selling down; so he's not oblivious to SP frustrations.
Works for me.
Yes I agree with that in theory Highside but EUZ's mistake was not to bite the bullet when we were flavour of the month pre SS. We were woefully low on funds required to advance the project but undertook a series of tiddly raises. As we all know the SS mistakes have put us on the back foot ever since. Hindsight is a wonderful thing of course but I think investors will soon cotton on if every time the SP gets fluffed a placing follows.
shedulike said not sure it would make much difference in the long term though.
In general, market savy CEO's can work the SP with their own buying , PR and news release. because the company has no income its an essential tool in their tool chest. If you can do that with a junior miner or speculative miner that has little optopn but to raise in the market, then you can raise at a hight price, reduce dilution and increase indervidual holders share of profit when an asset is sold down. Yes the long term goal is important but how you get there is equally important.
Bricks I have written to Strand Hanson before about something else and didn't get a reply. Perhaps if we all bombard them today about the 'value event' they might take notice? (info@strandhanson.co.uk) Mfm I just wrote a lengthy reply about why I think people are looking in the wrong place to blame LR's salesmanship but reading it back I think I'm going to upset 95% of the board so honestly if the majority want to believe that's the biggest problem then so be it :) Personally I think there are some more significant debits in the risk column to overcome yet which must explain why we can't attract a new reportable holding. I do however agree that a slicker and more flamboyant performer as our front man would likely attract more PI's and perhaps increase the volume, not sure it would make much difference in the long term though.
As long as the ice cream doesn’t melt by the time the value event is announced…..maybe we should ask the Nomad when it is going to occur seeing as they allowed it into the RNS….
Shed LR is the CEO of course the buck stops with him. That's the way of the world. I did mention that the phrase was attributed to MC buy ultimately it must have been sanctioned by the CEO.
Wrt the selling of EUZ to institutions or potential jv partners, if it is not the management selling the project That's to blame then you're left with the project just not being good enough or not a lucrative enough return for the risk involved.
I dont know which it is but I've seen and heard LR enough times to know his style. It's not a style that would get investors excited, geologists maybe but not investors and LR has often told us how good or robust the project is so I tend to think it is a question of either the presentational style or LR's very cautious nature that is not firing up either pi's or institutions. Nothing from EMEA and days with barely any trades or volume to speak of.
Mfm, agree with much of that and while it doesn't really matter who said it I find it strange that the blame is always laid at LR's door when it was indeed MC. It's also worth noting that they presented at the analysts event together and both attended EMEA. Anyway they obviously liaise on RNS comments so that they don't overlap and duplicate so joint responsibility is perhaps fairer. Where I disagree with you a little is on 'selling' Toral to institutions, certainly if LR was slickest salesman on the planet it wouldn't do any harm but I fear that the lack of results can't just be put down to some failure of style or inability to 'excite' institutional analysts. They won't give a **** about that IMO, they don't even need to like the man - they won't be investing impulsively but crunching the data and I believe we need to dig much deeper to understand why, to date, no new institutions want a piece of us. I put some thoughts forward earlier so won't repeat but I just don't think its credible to believe that the problem is purely down to a failure of presentation or salesmanship.
So, this is a statement made by the Executive Chairman and presumably signed off by the CEO & Executive Director in an RNS
It’s not a flippant passing remark on Twitter. Of course, it has no time frame and is open to interpretation however it says it will be updated at the appropriate time and i would take that as being successful or not, and as you have heard nothing either way i would say it’s still live.
What i do notice though is the drawdown of interest free funds will be in three tranches and seems to be geared towards education and engaging the students and universities via R&D which explains the current and recent tweets. Not unsurprising that a local grant should be used to benefit the local institutions.
Unfortunately, the need to drill more holes will be costly and i doubt the local grants will make much of a dent in this coupled with the day to day running expenses and PFS work so without further news on funding i will bide my time.
Thanks for the info.