The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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30% drop for biggest trade of less than £1k.
Penny trades in total.
Aim is fcked...... How do II make money at all in Aim?!
Still follow lamps, was tempted come in 4 trade while ago, GL
Nightmare Shares
Can’t disagree with that. ‘We are pleased to anounce …….. a 30% drop in the SP today’. Happens all the time when there is a suspicion of cashflow problems. Why do it. h
I mean it is a bad investment, I think we all know that, just hoping for a recovery play. Thing is you put share raise in an RNS and the price is only going one way, never understand why companies do this, was the same with HE1
Steven, if you think it is a bad investment, say so and invest elsewhere. You have not changed your view for as long as I can recall. Presumably you have divested your holding. So why keep coming back to comment so frequently?
These guys got lot invested, in there interest get project away, sure finance will come along with huge dilution 4 share holders in some placing, along with other form of fianace been disaster 4 share holders, uninvestable
Relieved he's keeping the light on... for now... after watching HZM fall last week I was fearing the worst here also.. But I believe JW to be straight talking & if he can get the financing over the line in H1 as he hopes, this will recover somewhat. As draw45 suggests I'll look at investing again after the next dilution which I believe they will look to get away at the 0.010 mark
I am hugely disappointed in their performance, but I think that indictment of Wardle is harsh. If you need a temporary injection of cash you would get from the fastest route.
Perhaps yes but the loan will need to be repaid. No doubt by dilution and new shares…so buying back in after dilution and before institutional investment might work?! If it ever comes!
I sold out of this at a fair loss a few months ago. Todats RNS has 100% confirmed I made the right call.
"in which John Wardle, Executive Chairman of the Company, has a beneficial interest"
That is a surefire sign of a lifestyle company that's existing to make it's directors rich and no other reason.
Cant be much of that £25K cash left now.... D day awaiting
Had some of these in my ISA. What an utter disasterfir shareholders this has been.
Once again somebody has raided their piggybank for loose change and achieved a 5% drop in the SP. Then it will go up by few per cent on a couple of buys and everybody will talk about a recovery. Too depressing. I think I will just take this off my Watch List and come back next year.
Running on fumes, talk of African institution coming on board, could go private, need secure some sort finance soon.
Align have been a buyer even though the SP has fallen. Does the SP fall so low that the II's simply acquire a majority stake and somehow take it private. That would be my concern here.
Think align find difficult find buyer that amount, with out taking huge loss
So what are the options now and why are Align still holding?
If it gets delisted will all the large share holders lose everything as well?
Peter Cox was not management material 4 sure, stayed in job too long with failure,
Iron have fully drawn down all loans and have £25k in the bank, so no one died but the firm is close to it! Will need to be a capital raise and dilution. Already down 80% on my investment, and will get worse before it gets better.
Not the happiest RNS, but a 37% drop in SP seems excessive. Nobody died. Still a going concern.
Full chairman's Statement here:
https://www.londonstockexchange.com/news-article/IRON/interim-results-for-the-6-months-ended-31-dec-2023/16398991
Not quite the good news I was hoping for!! this is turning into a disaster .. my investment here is now down 92% ... what a sh t show it is turning out to be... still cannot find any progress on the deal we supposed to have had with Burnstar on the energy plant.... or was with another made up news!
@steven49
“management partly to blame”???
Re-read the RNS.
Absolutely damning statement from JW.
100% its management incompetence.
Always difficult get these projects away in S A, but feel management partly blame, interesting c if waddle there last throw dice can retrieve something, had 15 years progress project,