The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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@ShareInvestment - absolutely agree with your point especially in regards to previous leadership leaving without any issues.
I have just topped up based on the RNS this morning. There is a big disconnect between the potential asset value and current MC. The new leadership have tremendous experience.
Fully agree, but hopefully he will add more. I have followed GBP for its potential for a long time, although it became clear that the previous leadership was not delivering. There is absolutely no certainty that the incoming team will deliver, but remain of the idea that people with those CVs, and probably significant wealth accumulated in their career, would not come into GBP unless they thought that the current assets could be worth than the company valuation and/or the limited market cap make it an interesting proposition to drop in other assets. Nobody really know and only time will tell but those are my impressions. Furthermore, why would the current board transition out so smoothly unless they thought there could be some upside for them and shareholders in general. A shareholder with 5% cannot boot them out and usually it's actually the opposite, massive resistance from the board not to loose their positions. DYOR
He has bought 10k's worth ! lol
Would have been more impressed has that had an extra zero on the end !!
Many here hold much more than that ..
Great to see that the new Executive Chairman is buying in the market above placing price. Makes a change from other companies where those at the helm don't hold any shares.
Well I called this fudraise,but only £250k.
Am going to delay investment here as I believe there will be a much larger raise then a consolidation after a big dilution.
They are not there yet
Time will tell but I'm of the same impression ie incoming directors with these CVs would not bother to get involved unless they have a plan for the company and think that they can do well out of this.
Not sure if some of these posts are concerns or deramping. Yeah I get all the funding and dilution concerns etc - but remember this wasn't going anywhere with the old board ( who done more harm than good). Some of these new guys seem pretty switched on and you have to ask yourself why would they bother? No deferred salaries were paid and they have done a holding raise- but looks more promising to me at least
Someone posted yesterday once the placing done then game on.
What a melt
They need to acquire new assets as the existing one is dead in the deep waters. lots of dilution to come soon.
new licences, wages and other expenses. What else to look for?
I thought they would raise at least 500 K on this pump
250,000 what’s that
Theyve already for over 300k in the bank per financials + this new amount so that def was not keep the lights on imo nor would the nomad have allowed him to print an rns without being clear on that
peter hill and his band of muppets were the cause for the financial issues and now they are gone and they took into account the some of biggest costs of the company
this money will keep them going for a long time esp as cost cutting is underway and the directors arent taking salaries
Great RNS today as it allows us to have the funds to and also get the directors to start their plans to:
--> sort out namibia licence
--> Start looking for new projects
--> mr page believes in the namibia project could be significant for global
-->unlike peter hill and his band of muppets - Page is actually going to visit namibia which i think he really wants to make a go of it and i think that means joint venture of farm out
-->Cost review and the DIRECTORS already taking the first brunt with NO salaries which is very bullish for their ambitions and financial prudence they said earlier this week when they entered
-->Love the quote of multi year goals
I read this on twitter and it made sense- the first task of the board is to mop up the previous management mess up in regards to finance and the namibia issues. That is past us now and they can get their teeth sunk into the work now
very very excited for the plans coming
New management but the same old placing at the same old placing price - 0.06p - and the new management are only 'beginning to look' at new prospects at this stage.
What do GBP and Msmn have in common?? CMC Markets for their bucket shop placings.
Reads really well and looks as if the new very experienced board members mean business. Time will tell but this could be a massive turning point for GBP dyor
Still holding!
Is he still holding this or sold out few days ago
Just need more selling to see 50 percent down again. No wonder people will sell at a loss
Don't often get spiked but left holding a sizeable chunk at 13p and so nearly bought enet yesterday so feeling very sorry for myself
Crazy how fast it can drop.
Feel bad for the bag holders.
I don't know why some people are expecting GBP to rocket? It has a licence in deep waters and it can't extract oil or gas by itself. It does not matter who is the boss now share holders will lose 80 to 90% of their value in the next move if it is not more. GBP was banking on someone starts work in the area and prove good reserves but no one is willing to jump first.
PTR has no cash for this and exon mobil can afford to wait few years and get the lot for free. It is obvious they are in no obligation to go ahead with their exploration. The previous boss understood this and left. The new ones has no leverage to bring this to safety. Sp likely to drop to 0.02 before any one has to will to grab another 50% of mcap for £200.000. just to keep wages for the new lot.
If no move is made by Exon Mobil in the next months GBP is toast, simple. It rests with the competitor for survival!
strange isn't it.
Look at his other stocks. Mosman. Year low today
IM sure you was saying the other week this will go to the moon etc