The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Joey T. Be very careful when recommending shares to buy to forums.Wrong on many levels.
Apologies for the last post to many. The older you are the more you’ll understand what I mean, however I now see my kids work up to 18 hour days, get paid for 8 but can’t find other work. They can't get a govt. pension until lord knows when cos the goalposts move regularly. It’s a sad sad world we now live in and it is difficult to blame one particular part of the community because it’s been progressive through so many generations and governments. I sincerely wish I could live forever to see how it pans out. I truly fear the worst........or one day there will be a revolution! Sirius meanwhile plug away with what seem to be a happy workforce and fantastic ethics. Well done them . And in addition, try to find someone that works for them that will give you a progress update. Zero. Loyalty too. :-)
The only thing I can say Funkysausage is that if someone wants to take it over the longer they leave it the more expensive it becomes to them. The tbm is 2km in and from what I perceive the sbr is about ready to start. It de risks more each day that passes. It’s almost to the stage of put up or shut up tor people contemplating a takeover. I know there are a bunch of different scenarios but at this moment it’s all up in the air. On a personal level I hope we get some magical finance deal. Who knows except theBOD and CF?
joeyT, I wish you have said the same thing 1 month earlier when VAST was at 0.11...... it's easy to use current SP to judge the past... and what exactly base are you so sure that the SXX SP won't be 3x or 5x more than current SP in 1month time? and what base you so sure VAST won be drop back to 0.2 in one month time(as far as I can see VAST is done the max in the short term, it's south now, yes my VAST enter point is 0.11 :-) LoL guess you avg is much higher than me anyhell )? pls be sensitive, most of the time you are just betting on your luck!
Yawn.
Bedtime then
This is my spin on whats gonna happen.
Outright sale : Is the only option for someone wanting this project, pick it up for peanuts make a killing for 100yrs, Probability I would say quite high if enough time can be found. I would doubt it would be as high as 15p.
Strategic partner : Takes 75% of project, leaving SXX 20% n Gina 5%, out come for SH, would most likely be positive, long wait for your money back but possible. IMO
about 2% chance unless below is achieved without dilution and the life support is sufficient.
The company has so far failed in its search for 3billion funding.
Now imo if JPM can get them away then that's that.
Option : Maybe the company has been told finish the shafts and revisit : Probability 10% , IMO the company will look to finish off the shaft for the ability to mine Poly, this would hopefully give the companywmough revenue to be atleast on life support, I'm not sure how the long the planners would allow this to limp on in this state, this would also depend on the board taking a pay cut.
Now IMO there are only really two options left, no one is going to pop along and offer 500mill to maybe finish of the riskiest part of the venture when you cant even secure the minerals rights against the investment, they have zero security and if something slips up it's on them and if finance isn't available again it's on them but this time for 3bill or they have to walk, zero chance. But they might pop along and say I will take it off your hands.
Forward looking
Now if the plan is to finish the shafts and start small production, can this be done with what money is left ? If not how much is needed and who long will it all take, imo there will need to be another tap on the SH to get to that stage, how much would they need I wouldn't know, I sold out on the last drop and wont invest here unless soild funding is announced.
Funky