The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Q, again, I agree. I believe another streaming deal is completely off the agenda. I'm convinced we were attempting to do one with Boliden and it's that which caused the fuss. Personally, I'm relieved we didn't go ahead as I think they are a drag on long-term value and are expensive ways to fund a business, although I understand many people would disagree.
The real problem we have is one of time...it's running out. I agree life would be so much easier if the PFS and PEA were already available, but they aren't, which means we'll currently be talking to investors without that useful information. Mind you, I'm sure they'll already have a pretty clear idea of how things look.
As I said previously, we are at a really critical point, and although we've been here before, this time feels different - in as much as we've never been kicked back before whilst trying to raise cash.
Anyway, I'm sure DC is working his balls off to get something done asap.
I think the Porvenir PEA is a bit of a side show right now.. I don’t believe anyone in the markets are waiting eagerly for that…. Right now it’s purely about financing and PFS update.. if a good PEA is released first, I think the markets will just shrug its shoulders
Redknight1
The company didn't tell us that was going to happen.
Go figure..........
Good morning addicknt, we won't cover the so called failed fund raise, as we are never going to agree.
I understand what you say.
I don't believe we will do a streaming deal, as like the previous one it would be ring fenced for Alpala only and we require funding for exploration.
So unsure what the best route is
I suspect we will get either Alpala's upgraded PFS or Porvenir's PEA by end of November. Who knows maybe both.
I think they are hoping this would have the desired effect on the share price, but more importantly the NPV. As this would allow a fund raise above the share price. If another party wanted to join us.
Darryls created loads of shareholder value...
Up more than 50% since he started and up 150% since March...
OOPS! Sorry, got the graph upside down...
Q, funnily enough I agree with you, in as much as we know what the company was trying to achieve was as you describe. We also know the company failed at its first attempt and the key question is; have they had to completely reconsider, or are they pushing ahead with funding via a different route? What are the pressures being placed upon the board by our main shareholders? Is the company having to contend with competing interests amongst our shareholder base?
Circumstances change and company boards shift their plans accordingly. So if I were you, against the current backdrop, I wouldn't place too much store in what they've previously said. This is a very fluid and critical situation and the company must ensure they do something which will gain support from shareholders - at least they will if they want to keep their jobs.
Morning LunchMoney, yes the company did a streaming deal and they did announce the option not to take the extra 50 million at the time they took it.
How the company fund raises is what we are speculating about now.
So like everyone else I wait and see the next stages.
But I believe we will deliver the renewed PFS for Alpala.
The PEA for Porvenir and fundraise.
And get to DFS.
At that stage other funding options open up to us.
So basically what the company has said it will do.
We have no ambiguity.
MassiveRay, how come Oz/Noront didn't rally before their bids then?
When serious talks commence of a bid you can bet your bottom dollar the sp will be nowhere under 16p, the city always knows before pi's, the clue is in the current sp, put the bid aside and think funding and at what cost?
There's a lot of trust lost here between the BOD and private investors.
It's going cheap... that's where it's going!! . Imo .
If the big boys have it played out , time for the smaller shareholders to have a voice.
Jezzoo if you invested for a takeover, then you didn't listen to the company.
I think most shareholders would be happy with a takeover at this junction as this is dragging out a bit now.
In the past I never worried about this bouncing between 30p -40p (those were the days)
Not got a clue where this is going now...
I'm invested for a different reason, I'm invested to make a profit before the ice caps melt.
I'm invested for a take over bid.
I'm invested to hopefully make a profit when that happens and never have to read this board again.
If you like
Why Shipright, it's what the company said they would do.
Therefore, it's the reason we are all invested.
Maybe Quady but that doest mean it's what should be done.
Ahhhh that’s better
Good evening, Bubble
It could be simpler.
Solgold are just doing what they said they would do.
We get updated PFS for Alpala.
PEA for Porvenir.
A fund raise.
We proceed to DFS.
That's it. Plain and simple.
Fortissimo very good point there post recommended,indeed they would have to have it all in place before AGM to vote on so next couple of weeks they would have to put some RNS out based on that which I know I post 1 trade or 111 trade news pending but I think your right on this front they need to put them out soon let's see interesting couple of days/weeks
Can't say I've noticed.
Colonel, agree with all that.
HMMMM Slug removed 3 times today.
Nice to know other people are reporting him as well.
Whoops looks like he has been removed for a fourth time while writing this.
Jolly good show I say.
111 trade gla ......
Nothing to do with me.