The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Acker , this time seems different , we are expecting a period of good news and everyone wants to give prem money
Noticed that with all shares especially when there’s a forecast for much higher also.Back handers come to mind but I’ll hold my reduced holding here..FOMO and green shoots...
Nookie , there was no raise this year , so i am not sure why you think there was a raise last month
Acker i fully agree with you
I think if he asks or enough headroom to get evrythign doen in 2021 and take us to building the mine i think that is cool
I really like the rise in Spodumene and whilst may clambered for an early JV and offtake , which woudl have had us well above 0.5p , i think in the medium to long term it is best we use our own money first and get a great deal later in 2021 when we have higher lithium and spodumene prices and also after some drilling.
One thing to be fair to George he is good at hitting the sweet spots with that drill .
Lat week several people i know where adding to their Prem holdings and a few people i respect and are switched on . Next week will be an interesting week and depending on what we hear of the interest in Prem then we will do very well.
I am looking to sell a lot of my Omega and put into Prem . Currently hold 170,000 Omega.
Craignews--all good stuff in your post,no disagreement from me.
However,Premier has history in "allowing people out" prior to dilution.
Over the years one has witnessed artificial and manipulated rises prior to a dilution.
The long term holders will know exactly what I mean.
Acker
Large sale could just be down to someone having to close a position on settlement date that they took out on credit. A few have mentioned regular 10 million sales on Friday, so what? There are also a distinct number of buys at 5 million, amongst other volume trades. When buying on a credit account, shares either have to be paid for on settlement day, or sold. It's not unheard of, and quite common for them to be sold on one day, and then bought back later that day, or the following day by the same investor. For instance, if you buy 10k of shares on a 10 day settle, they go down and are only worth 8k, you sell them, and pay the 2k difference, this gives you 10k again to spend on a new position. Yet far to many people read far to much into large sells, I've no doubt come Monday, there will be another similar size position opened, either as a lump, or in a few smaller trades depending on what is available, and at what price. Simply put, it's standard practice in share trading, nothing to panic about, although the de-rampers will have you believe it's all doom and gloom.
They raised £5m last month??Could the large sale be due to ZM prediction on Bulletin Board Heroes on Friday?
Acker i dont understand " a small dilution to raising share ceiling " .
As i see it he needs around $5.0-5.5m to do DFS and to pay for other work over say 1 year , you are goign to need more . so you need to have a higher share ceiling than current , it is straightforward. That was always the plan
but if he can do a deal for part of DFS then he wont need to use the headroom , but surely you go into negotiations with the strength to say look if you dont give me a deal i can always raise the money myself . Also sometimes as you know to get an offtake , the offtaker often wants to see you have headroom if you need to show that as a guarantee of some sort.
So i personally expect a small raise of money to do part of DFS and then something for secodn half , at least that is what i hope for . I welcome the raise in share ceiling as you need to plan for getting not only DFS done but building a mine.
what do you want give away 50% of Zulu and no share ceiling rise of keep 100% and raise ceiling to build your mine.
I think with Spodumene rocketign , and once Drilling starts in three weeks , Geroge will be in a very strogn position for a deal which i hoep will send Prem sky ward.
Or you can say i dotn want a share ceiling rise and you wont go any where
Acker i agree RHA no more money in and woudl love to see that back on line as Prem keep th first $19m profit.
MNH personalyl i like it but after the auditors have agreed the books
Snowking---has George been talking again.?
A small dilution to a raising of the share ceiling.
Could this be the reasoning behind the regular 10m sales and certainly the 40m dump on Friday.
Life is never a level playing field.
Still think "other assets" should be kept "active"..has CEO taken on too much at the determent of the company.
I do want a full report on progress at RHA and the auditors report into MNH
Acker