The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thanks wasa. In effect it is imminent which is any day now until around 23rd of July to tidy up the final pieces. If they want to give CHEAP shares I will back up the truck for them to fill it up. Go on market maker make my day. However its more likely to rally back up soon.
This is not just an AIM stock but listed on the TSX Stock exchange. I think people in the know may believe the placing price to be around the current level or slightly less. I hope it's more like 8p I really do! But what we have to understand is the scarcity value of a brand new nickel mine and if get 6.5p I still believe the share price will rocket and eventually be a multi-billion pound company.
Many thanks wasa.
I got this from Sasha on twitter he posted to our group. He has spoken to the company on Friday and again yesterday. I have had a conversation with him also and believe things are going to plan. Understandably, there is no confirmation right now that it will be by end of this month:
"I contacted HZM first thing on Friday morning and had a long chat with Simon Retter at about 10:35 relaying a lot of the chatter, speculation and etc.
Simon could not bring Jeremy into the conversation due to his schedule but he did update him and they sent a further invite over the weekend for us to speak again this morning, and that’s what we did with my raising many of the points from the market. They are extremely busy at the moment but they will be responding to the various queries they have received.
They are right in the crux of the debt piece at the moment, they are aware of concerns and will take suggestions on board. With 5 major banks and some minor ones it is a complex piece but what they say is that there are no red flags for Horizonte as far as financing is concerned and that they are making good progress with the PF lenders with a lot of activity moving the process along. It is the debt side which is their major focus and referring to documentation around offtake and cornerstone investor both of those are in process of being finalised as well.
I very much got the impression that they are pushing as hard as they can and moving it along they are (certainly not now anyway) (not-sic) ambivalent to market desire for updates."
Price only matters IF they exercise those options. An option gives the holder the right but not the obligation to purchase the underlying asset, hence of this went belly up they'd have risked nothing in effect. This is something I've mentioned many time to JM over past correspondences with him; if it's such a 'compelling story' as he likes to mention in interviews, why hasn't he purchased heavily in the open market when not in a closed period? Surely he could've participated in the recent equity raise as no doubt those who did would have been made inside?
They have said they would do it and I trust them. Obviously they have not been allowed to buy for many months due to current price sensitive finance negotiations. Also to AIM's point they are well optioned up..price DOES matter to them.
BM Really? Have they signed this in blood or is it a promise?
They will also be participating in the equity raise...
Directors given to many options, so they don't need to buy shares on open market. Not sure some would be able to buy all their options in ine go.. .. haha
Yep this is what I fear. My previous foray in the AIM casino was Aureus mining later renamed to Avesoro resources. What a con. Was pushed constantly by the media, constant placings under market price, Ebola happened and then slowly and gradually was taken over for a penny if I remember correctly. I hope this one does not prove to be the same disappointment. The fact that the directors don't have significant holdings is a red flag for me. Typical of directors who are very good talking a good game but when it comes to their own money they are very careful because the know...
Funding will be the least of our problems. We are more likely to get taken out on the cheap
https://www.mining.com/web/home-a-nickel-refinery-tops-us-battery-metals-wish-list/