The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Well oversold, time to load imo
Double Agreed.
JD
Agreed but it needs to start sometime soon before its too late and we have the further confetti scenario.
You would think wouldn’t you, Bcl? If he can deliver the PPA(s) and get the SP up above 0.8p and 1p to start having the warrants taken and have significant cash on the books which can demonstrate medium term working capital then we have a shot at getting our shirts back here and over time, who knows, maybe even a bit on top.
JD
JD - but surely at some point LC has actually got to deliver something against his own stated timelines? That's the problem here, it is always tomorrow and as we know tomorrow never comes.
Yes, Bcl:
‘The Company has, however, stated at several occasions in recent time that it is looking at finalising more than one PPA by the end of 2019.’ For MCPP.
‘Definitive PPA with Vale based on the initial terms in the PPTS targeted for agreement and finalisation during Q4 2019’. For BIPP.
Will we see it in 2019? Probably not, will we see it before the next fundraising is due is probably the more apt question, Feb / Mar 2020 becomes the big dates here and if we are diluted to oblivion in a sea of confetti.
JD
Judging by the amount of green it looks like it’s Dissociative identity disorder day. Which character is Sonic using for his posts today?
Correction. To be fair we do have MED production by end of first quarter (which I predict will be missed by at least 3 months).
Can anyone remind me why I have the seemingly arbitrary date of the year end by which time we should have a raft of good news? I don’t think LC has any timelines whatsoever so I am confused as to why I would.
For LC to explain the justification of those warrants in front of LTHs.
That must smart somewhat. Ouch.
This give it a couple months is what led us to this mess. That sort of mentality doesn't achieve anything unless LC and BOD give a concrete update.
Fair enough Dave and for clarity I really hope Kibo redeems itself even though I am no longer a shareholder here. Best of luck to all those that have lost here as money is money irrespective of who loses it.
a valid view Boff.
Lets see what the next few months bring. They will no doubt be a firm guide on which one of us is right.
I guess we all have our opinions on LC and as I am a simple person I keep it simple, he took an SP of around 35 pence and reduced it to less than half a pence whilst taking a couple of hundred K in salary for years. The flagship project failed and since then nothing else has arrived that looks like making money. For me, thats good enough for him to be considered not great at running companies. Ask yourself if you had 50 million stashed away and wanted a ceo to go invest / spend it in Tanzania and the rest of Africa,would you give it LC ? AIM wants results, not stories and excuses. He is responsible for shareholders losing faith in him. No-one else.
Morning Boff and bcl.
In my opinion sentiment has been skewed here purely and simply by the terms of the fundraising.
I do not try to justify these terms but simply point out
1. No one can have us over a barrel in negotiations now because of any perceived weakness in our cash position
2. MED looks certain to proceed to earn us income from next Spring and funding arrangements for it have been imaginitively put in place. A PPA is negotiated there.
3. I don’t to rehearse the reasons why our other projects are on the cusp.
I find it difficult to understand how LC could be described as a bad businessman.
Do the terms of the fundraising mean he is greedy. I don’t know but may I say I don’t think LC manufactured this SP situation. Looking to the future (and talking in general terms) I am all for a CEO being greedy as long as his interests are aligned with mine.
No worries. If you fancy a quick gamble over at BLOE now would be a good time as the SP has dropped to around 6 pence from highs of 17 pence and they are awaiting the outcome of their second oil and gas drill which is due imminently. If its good news then its likely the SP will make its way back up to the teens but if its bad news it may slip back to 3 and 4 pence where it was until recent weeks. Worth a 50/50 gamble if you like that sort of thing trying to make back losses at Kibo. Not a ramp and it could genuinely go either way at BLOE and might be worth a punt whilst things happen at Kibo. It worked for me but to be fair my stake was much lower than yours at Kibo. Worth a punt in my book if you have some spare cash and fancy a gamble.
Cheers Boffer. Agreed. I have no choice. Let’s hope LC is better at greed than he is at business.
To be fair BCL42 I dont think you have many options other than to sit it out and see if it recovers. I have seen much worse shares than Kibo recover from these lows so all is not lost. As I said before I think LC greediness maybe your best hope as he will want the SP up. Best of luck in any event.
For yet another exciting week in the life of KIBO.