The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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RNS out £700k fundraise at 0.0435 over yesterday 0.0625 closing price or a 0.019 or a 30% discount. I would have liked to see a reasoned plan of what the funds are to be used for rather than a very large fundraise and nothing very specific.
Such large discounts sadly are fairly typical for junior resource stocks, but none-the-less very disappointing for us PIs invested here; the only saving grace is no warrants issued as part of the subscription.
ATB APR
Gg7 - But it does provide the opportunity to aquire more at the reduced price - just trying to look on the bright side m8 ;-)
GL SR
I have no problem with the company raising money, its the nature of the small cap exploration game.
What i do have a massive problem with is the shocking level at which this raise has been conducted at.
No matter what level the raise is the market adjusts to that price so why not raise at a very minor discount thus issuing fewer shares to get the money required meaning less pain for shareholders.
i'm sorry to say it would seem the company couldn't careless for the shareholders, we are the regular victims of the company's use of shyster brokers. I thought Brian Hall was better than this.
If I keep listen to abuser here I be bankrupt what did I say all long still no license, still no money and now they need even more and they haven’t even started
All abuse I get look at this was I right again and guess what it’s April soon
Off the top of my head isn't that around half the price GWMO raised at this time last year
Another AIM heavy discount placing
Why do we bother
Yes but we still need our licence, can't believe it is taking so long.
Surely it must be time to start mentioning legal action.
Pog 2178
chisler
Would be good to get the permit and prove some return…and then do all the calculations again…
Patience…surely has to win out here!
@Chisler Good point, BUT the REALLY important point is what their marginal cost to produce each ounce of gold/silver via JV process plant was before versus now. For example if each ounce produced made $400 profit then a $200 improvement in sales price of each ounce sold is actually a 50% increase in profitability ... so marginal producer with high costs benefit most on a % basis
ATB APR
12th Nov 2023 pog was $1940.
Its now $2140,
Thats $200 more.
i reckon those tailings have gone up more than $ 1,000,000 ,
chisler
Thank you.
They have lots of potential gold and copper plays in a very safe environment
They have a processing facility which could be used by any or all of the 400 plus small mines in the area.
They have an exceptionally experienced management team who have stuck around n cause they obviously see potential
They have historically producing mines which can be scaled outwards
All for 3m market ca
It’s been posted on here many a time that this a speculative play with historically high grades doing exploration. The value is being uncovered as we go, and based on current estimates and values, it’s understood to be higher than the current share price reflects. If you want to read through the messages please do, you’re entitled to you’re own opinion, but one of the things this sub struggles with is people posting negative comments or down playing it which in reality doesn’t do anyone any favours. So either buy or move on, there’s enough research on this thread already to help people make their minds up.
I'm trying to see what this company has to offer...their initial revenue is to proposed to come from processing old debris?
And hope to have a copper find but that's to be evaluated as it is inferred and indicated but not measured?
There's been no real progress since 2022 except for waiting on a permit?
So where is the substantial value proposition?
And rising....All those tailings just sitting there and going up hundreds of thousands of pounds every day.......love it...
chisler
I was aiming for a bit of bollinger..
I enjoy a pickled egg as much as the next man, but im hoping we can achieve a little more..... lolol :-)
Me too i will bring the pickled eggs... mmmm.
chisler
I hope we get some meetings/conferences etc. in London this year, like 2 years back with GWMO/brian as per 2 year back in armourers hall. maybe we could have a bit of a pub "event" as per ggp.... i'm in the mood for a session.
All those spoil heaps and tailing heaps have just gone up several hundreds of thousands of pounds.....
chisler
Looking tighter nt to buy on £1,800 can sell a lot more mms want your shares ????
Is there a leak somewhere on news I wonder !