The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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BOOM
Best of
May be plucked out of the fire .
Best of
Out of the ashes perhaps.
Best of
NICE You're exactly correct in your assessment of my projections. Old money projections etc... And to think 3 months ago having a couple of pints down the street here near the bridge and before COVID and this fiasco I was hoping for the children and the sufferers of the x201 program that something good would happen. I'd be like set me up with another pint of porter with me F&C's and dream of a nice payday. These louses have all bur screwed us and I'll be taking it personally. I have other investments and in due time they might come good and erase the expected losses here, time will tell.
25p -35p old money I guess George, as per your up to 25 bagger recent view? (aka very approx. 500p to 750p range in todays 20 to 1 consolidated rebased price)
Boom, boom .. or should that be zoom, zoom...
Silver - With lawsuits coming I would put another damn pence in this POS as they can't seem to manage money at all so why give them more. they can't manage anything except misfortune at the hands of idiots. when the pending suits are filed their stupid righteous BOD and remaining management will hit the sell / panic button and take any offer or face default. the suits alone will costs plenty to arbitrate and they don't have money for lunch let alone arbitration and legal matters. My average is about like yours and if the x110 program even makes ago of it, 25-35p is all that you can expect i'm afraid.
While decimated, the company is still alive and will seemingly stay that way through Covid at least Silverknight.. so 0p unlikely for a fair while yet, whatever imho. And, whatever else, given the nature of the game there will be some meaningful spikes and troughs in s/p in that time.. so trading at least half decently out of a hole is possible via good/fortunate short term playing, perhaps... Although a starting position of 190p here is not a good one I grant you. Mine is fortunately a lot lower than that and so I will have at least have a small go at trading my way out of this, but will likely only start that exercise by averaging down around May/June time.... as I guess no meaningful news will be released here in the next say two months and I also still think there might be a small amount of cash required selling by small ticket players here between now and then, be that to bet on another stock instead of emergency take out of market altogether.
Generally, in old money terms we're at approx. 1.1p now and as there has been minimal buying at anywhere around this level, everyone holding this is under water now including the very few small play late entrants so far likely having an average of 40p plus at best imho. Also, the bad news has to be mostly out there now and, importantly, it is clear that the IP assets could easily be worth considerably more than the current - 6m ish - market cap still too.
So I still have some hope of getting most of my remaining bet here back altogether and maybe even making a small profit too. But very much DYOR... this is an absolute dog and, as per last year plus here, for hard core gambling only.
for long termers. Most of us are seriously in the red here. Do I aggressively average down and risk throwing good money after bad or hold on and watch late entrants sell into strength? It's a lose lose situation for anyone averaging 190p after consolidation.