The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
At what price though. Look at SAE...
As at the date of signing this report the Company was in the process of raising further capital via a share placement and rights issue planned to be completed in October/ November 2021.
This is more relevant
Standard wording
The Company's activities will require further capital - The development of the Company's projects will require additional funding. There can be no assurance that additional capital or other types of financing will be available if needed or that, if available, the terms of such financing will be favourable to the Company.
Its a no brainer
It was announced yesterday on the london stock exchange.
Strange
This sis the classic pre breakout drop expect upwards movement soon
Carefully worded as always. Have to note it says pending finalisation of announcement as opposed to finalisation of funding. Maybe I’m trying to over think such a simple RNS!
Correction, here is an RNS issued, it just doesn't show up on here!
There is a second, a (very) late reported reduction in holding to below 10%. Reported so late, that it has no real affect to value - more recent events rule (obviously).
Thanks @Eccles. I've just had a look. Confirmed there is yet another further extension (to 7th Oct).
A shorter extension than previous ones, so maybe they are near finalising the funding picture? Who knows.
I guess we will get an RNS sometime today. Will be surprised if we don't get one.
suspension on the Australian Securities exchange extends to 7 October
Says in the rns decent amount of cash. I don’t get it either tbh
WelshFalcon: Once more time marches on wrt the third suspension and no further news on production. Perhaps your should do another 'which way will it fall' post. Heap of good news about production with funding on only moderate punitive terms (right!) or further suspension seem possible options. I guess Friday is the day to watch out for in reality.
Always enjoy your posts calling out any obvious over-optimism (to put it politely) and sticking to the know facts.
Er.... what cash are you on about? Three suspensions from the ASX while they sort out a capital raise (rumoured to be $100m, AUS). Resignation by CEO. New CEO but dependant upon relisting on ASX.
This one is in the intensive care ward until we get news about the funding cost (be it predatory interest rates or massive dilution).
Any purchase now is a pure gamble, nothing else.
Do you feel lucky??????
Agree. Cash = to mkt cap now. Plus huge assets. Can see this having a little spike now
This is no time to be selling. Though this may well drop further. I'm looking to make more purchases as this is a steal. Good new ceo. Things will work out fine.
Are those two £20k trades definitely buys?
Anyone know whats caused todays drop? I'm still in shock about how downhill this has gone so quickly. Feel conned and lied to. Can't help feeling angry at the board and CEO but they would have lost alot more than me on this **** show. Its an absolute joke the lack of transparency, still feel like I have little to no clue what the hell is acc going on !
Who knows? Maybe they will release him early - or allow him time to sort out the funding deal prior to Nov 15th?
Now that would peak my interest!
Glencore takeover pending..???
RNS today - new CEO.
Don't let the horses run just yet, though.
Appointment date is 15th Nov, so we still need to know what the plan / funding etc. is going forward. An update on on progress here as well as the plant situation is crucial. Will the new man (can the new man) be involved prior to November? Probably not!
$400k seems cheap IMO, so is the real value in his incentives? Some are shown with three tranches of 2.5m performance rights (shares?) which all look good at current face value. Assuming he has accepted this, then it would imply some basis for funding going forward is known. i.e. if there is to be massive dilution, then these performance rights are not so valuable.
If there is to be a predatory cost for funding via loans etc, then P&L will be harmed. These incentives have production date triggers, not P&L constraints. However the cost and P&L will have an affect on value.
So no real clues here.
Funding, Plant and production are key, more so than whoever picks up the reins in November (presumably after which most of the decisions have been made).
Still watching and waiting here. IMO starting gun fired, but nobody has left the blocks yet.
Makes you wonder if any lenders won’t cough up until the plant produces some tonnage. I mean why would you?. Probably be suspended until Christmas (sarcasm for anyone jumpy) if that is the case. If you look at all three of the SOP sales specs for the different grades the only impurity of real interest is the chloride content and frankly the limit on that is not hugely demanding even for the highest grade. However I’m wondering that if they are producing at all they are way over the specification limit. Pure speculation obviously but some proper update on this would seem pretty important.