The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Bozi, couldn't agree more. It answers many questions and the explanation of the sp fall is clear...Berry have been selling. Full stop.
At last we have a clear indication of our future direction.
Nothing to move the needle
Good update. No new news but a perfect snapshot of where we are and why.
Very Nice, think i struck lucky topping up yesterday
'position it (Casacbel) as a turn-key asset'.
Couldn't be clearer - the aim is to present it as oven ready to a buyer.
20 ndas in place. 5 site visits and follow-up visits planned.
Update.
Kat, thanks for the link.
Incidentally, they didn't 'spunk away' 900m. The fund had already seen significant withdrawals and stood at 575m, according to the article. However, it's obviously the case they performed very badly. They were likely to have been operating the two and twenty fee structure, so were initially drawing 18m in fees annually. Not bad for a man-and-his-dog operation.
Did they do us a favour? I think so. They agitated for much needed change, which many of us were hoping for. Still, I don't think the world will be mourning the loss of yet another hedge fund.
1984, have a look at the definition of an off-book transaction.
There are many sources, but this one from IG is useful: 'An off-book transaction refers to the process of trading shares away from an exchange or regulated body. Off-book transactions are made directly between two parties, outside or 'off' the order book.
Once a price has been agreed between the two parties, it is typical for one of the participants to report the trade and its parameters - and wider market - in order to bring the execution 'on market'.
No-one cares.
Ship, thank you as usual for taking the queations to management instead of the BB. Great that Scott always stays emgaged with us and shows composure.
Looks like 30 quid would be a premium.
Copperpot, what is your contact telling you about what's going on.
Who was that fella on here 6 months ago, who kept posting that we didn't have the assets that solg boasted they had, and it was foolish to believe every word a ceo trying to sell a company said. Didn't he also say that nothing changed after mather was supposedly sacked.
Oh yes I remember, it was me.
I can picture many many major mining company executives who have tried dealing with mather, grinning from ear to ear watching this debacle unfold.
Adikt, just remind me again what's changed,
I need reassurance
Bozi, consistently 70%+ is AT meaning 30%- is off book
Even today when we had 8m off book trades in just four 2m transactions, AT was 33% and 4.2m
1984 - I wasn't really referring to those with DMA but I take your point.
I was talking about the many (not the few) who deal through bog standard brokers and platforms.
Thirty
Don’t be thick, production never was and never will be a viable option for an incompetent explorer.
You see a vintage rolls Royce on auto trader, it needs 20k spent on it but it’s potentially worth 100k
Do you think it goes for third quid?
Production is becoming the only option , but where is the money coming from? This is being bled dry , if we're distressed now wait til the next cash call.
And some here want a change of leadership. It could get worse.
Let's be quiet frank here , this at the moment this is pretty uninvestable until a strategy is put forward by management , and even then its a gamble wether they are being honest , because the track record is pretty poor on honesty.
Another Franco-style deal will make the asset that no one is currently bidding for even less attractive.
Unless you are hoping for SOLG to take this to production, it is not a desirable option.
With respect anon, I don't think you can say that given several third parties have signed NDAs and have access to the data room.
Bozi no that’s wrong. Market markers do participate on SETS but people with DMA do too. AT is simply when two orders match electronically on SETS, OB is otherwise
And I have all mod cons thank you, an air fryer, an oven, next doors wife to iron my shirts and a little man from overseas who rakes smooth the gravel in my drive when I’ve driven away
Addick sorry but you’re wrong. Off book simply means that the transaction wasn’t settled by SETS whereby a match was made on the buy and sell side.
Off book means (more likely than not) that an intermediary such as an MM brokered the trade for a margin
On book the buyer is the market maker. It's not market demand. Big difference.
1984 has air fryer shocker.
Thought you'd be cooking from your pit in the garden.
What a loser Kilic is? I would imagine he's sitting in more comfort than all off us tonight.