The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Looks like tiny buys going in.
Under 15p and ill wave my massive net.
GLA
Yes RK and ultimately more wonga for us LTH when this eventually pops. We are currently in a period of stock being prized out of nervous, needy or impatient into the hands of big II...
Hold tight and long dont waver ;))
Every time it looks like its going somewhere, it gets taken down by ALGOs...
Doesn't that tell you something...?
Very nice Darren, looks like I'm in good company... rude not to at these levels ;))
Bring on 14p - for a massive top up.
Morning all. Last top up this morning at these low valuations sub 20s. Nearly doubled my holding here in last 3 or 4 months on belief of M&A action would and will happen. Lets get the M done and I think A will follow.
ATB
DK
Q, I wasn't referring to RK.
Not true addicknt he doesn't believe the strategic review will happen.
He believes it's a bluff because he says the company will be sold.
Determined AT trades just now
He wasn't suggesting that the recent funding rounds indicate a company value in the event of a sale, merely that the funds are being used to get us closer to a proper value. But you know that already.
He wasn't suggesting that the recent funding rounds indicate a company value in the event of a sale, merely that the funds are being used to get us closer to a proper value. But you know that already.
6x67000 and a 66.3k now...interesting...
I have also received a reply this morning.
'As a reminder, we have stated that the strategic review is a top priority and evaluating and pursuing value enhancing opportunities for the Company such as:
evaluating financing alternatives for the Company that endorse project value;
a spin-out of assets, other than the Cascabel project, to all shareholders;
the direct or indirect sale of an interest in the Cascabel project at prices that endorse project value; or
any other transaction or series of related transactions.
I also would like to point out that the Company has completed two financings since announcing the strategic review, which is the first point above'
was the main content of his mail.
$150m for 1.5%??
$1.5bln for 15%
$10bln for 100%?
Less $5bln to $6bln ish in costs...
NETS about $4bln ish. That's just one licence block. So talk of 50p to 60p levels for ENSA about right now post merger dilution and 100% ENSA stake.
Rest of the folio inc Porvenir has to be worth at least 10p a share??
70p for the lot?
What does the recently royalty of $50m or the Franco $100m value SOLG's ENSA licence at?
Wasn't one of those two funding rounds a share placing to Jiangxi at 20p a share? So that endorses a project value of...
Thank you Addicknt the one thing it does tell us is Redknight carrys on talking rubbish as he said no strategic review is being done.
Again thank you for the update.
Not worth mentioning.
Fawzi kindly responded to my email.
He's unable to offer any guidance on timing or progress other than what's been publicly stated (I wasn't asking him to reveal anything price sensitive)
He reiterated the four main items on the SR agenda and said the two funding rounds were designed to satisfy point one of the SR i.e 'evaluating financing alternatives for the Company that endorse project value'. Make of that what you will.
4 x 67,000 buys so far..
I've stopped responding to pointless posters and noticed its been more enjoyable knowing the board can see their unhealthy obsession for themselves, without me saying a single word.
Back to trading.
Fort, read DM's earlier post.
The prospectus is a standard requirement ahead of issuing new shares on a sizeable scale or doing CB's etc. RCGL2 covered this off.
I think they would have needed to wait until 9th of Jan (merger approval) and also the Dec 22 AGM before getting the draft moving. Cash consideration and how many shares being issued could have been pencilled in and pen'd in upon confirmation. So all in all, yes they should have had the bulk of prospectus completed long ago awaiting the finer details before publishing, hence the fast and smart comment certainly lacking a bit on the basics! That said, they may well be dragging their feet in the hope that someone picks up the phone (no guesses there) or it could be the simple matter of chinese new year which runs for 15 days so ends on Feb 6th I believe.
Putting that all aside, the key event is actually the court hearing which officially sanctions it all. There will be some insiders fully aware of that court hearing date or if one has been set yet. Usually there is a court list of hearings published every week in advance so assuming it's Brisbane... should be easy to monitor if one is so inclined!
And just a reminder to some that 'works' on cascabel may well be ongoing but not via the drill bit. As per last update, land acquisitions were still outstanding and can become problematic as well as expensive. If a very key piece of land/acreage is proving difficult to acquire, then it really can be a problem. Any buyer (whether chinese or BHP et al) will want all the ENSA areas and loose ends sorted before making bids.
Other issues like tailings/water/roads/pipelines/environmental studies etc etc are all major planning events and cost big bucks. They can cause costly delays and big overruns in budgets if not sorted in advance.
DM, thanks for reminding me of that excerpt. I guess
it's possible the Prospectus will be the Grand Reveal?
Let's hope for some movement soon.
MR
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