The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It might sound a bit illogical Eric, but I'm gradually convincing myself that the Swedes are just playing for time until UK is finally out of EU and then come up with some obscure reason to not give us the go ahead. Don't know what or why EU exit is significant. Just can't see a logical reason for all this delay and obfuscation
Hi TFE. I've mentioned this before, but an option could be to bypass Baylan and write to the PM.
If we aren't to take legal action, which doesn't seem on the cards.
Better than sitting and waiting. Our application decision was supposedly being prioritised some sixteen months ago. Well, what a load of crap we were told.
Cheers Far.
Who's he going to press Eric?
There's nothing happening here they're all on the annual summer recess, except for a few minions.
Everything stops in Europe especially during August.
The last news on it was that he isn't giving up, but it may be that he's not pressing further for a decision at this present time. That's what we don't know.
He can't give up, because we pay him not to, and he's just raised finance via Nordic lenders, which to me means from those with an interest in Kallak. He must have given them assurances with regard to his level of commitment, in order to have struck a good deal for us.
Only my thoughts, but of course, I hope he is still pressing the Government for resolution of our concession situation.
Why would you think that Roller? Did you miss the RNS and the Interview? Was have I missed something purely rhetorical?
It's a desperately sad situation Eric, I was told 2 months ago by Kurt "I'm not giving up"...??? Looks like he has not only given up but also buggered off..
I doubt it, if you've seen the most recent RNS and BRR Media interview. There is little to no interest here this week. Nobody posting or buying/selling.
Budgie needs to tell us what he intends to do to bring a decision on Kallak from the Government. I'm not sure that he's currently doing anything, apart from focusing right now on Kosovo.
We don't know if he's just resigned to waiting for the Swedes, which is what we really should know. I won't be happy if he isn't taking steps to protect our main project. The Swedes, it seems, just don't want to grant us the concession, even though we merit it.
Cheers Roller.
Have I missed something...
You'd like to think so but I suspect not
Is the payback about six months when the debt is converted to SDR's at a 10% discount? And selling finds or the company...investors in SOLG always discuss the same question. I rarely read that board but I do have a few tucked away since the Solomon Islands debacle. In fact all exploration is about that...to produce or sell and I must say I do like Kurt's hint that he likes product. 3-card does that mean if you can stump by another £400K you'd own 52%.
Apologies
Cowfish - interesting point. Taking the last 4 investments where equity percentage increased, the amount of extra equity has reduced as follows per £100k invested.
10/19 2.18%
11/19 1.4%
2/20 1.4%
8/20 1.3%
One could argue that as the project progresses, the value of the company increases so you might expect to pay more. I would hope there is some sort of framework in place to ensure that we do not find ourselves playing the "ridge game" whilst climbing the mountain.
Cowfish - interesting point. Taking the last 4 investments where equity percentage increased, the amount of extra equity has reduced as follows per £100k invested.
10/19 2.18%
11/19 1.4%
2/20 1.4%
8/20
Is there a belief that we will be able to sell mineral finds at significant gain on investment in Kosovo? Is that selling finds or Vardar? What is the expected payback period? Vardar appears to be a black hole at the moment, with ever decreasing increments of ownership presumably designed to keep BEM away from mojority share. Is this mostly to show Sweden investment can go elsewhere?
Action packed and exciting. We shall see, but we've certainly waited long enough. I'm pleased that we at least gained a further percentage in Vardar, considering we were stumping up the money anyway. I'm looking at it that way. Lol.
No mention of our position re Kallak in the BRR interview, but I'd be thoroughly disappointed if Kurt lets things lie on that front for another six months. Heading towards eight years waiting for a licence decision would be a bitter pill for us to swallow. Nor should we be made to. So I hope and trust that Kurt will step up the pressure on the Swedes. I can't see any decision coming otherwise.
In my humble.
Is the tide turning for us...generally not bad from Hasty...is pretty good, best thing he's said for a long time. Six months ahead should be action packed and exciting.
Nighty night All. x
Eric....Nearly'll do. Lol
Exciting. Nearly. Lol.
Sounds like an exit strategy for vardar directors
Generally not bad but the Vardar investment is costly for the return. £300k for less than 4% is daylight robbery.
Eric...It's pretty exciting, isn't it!
Mornin' Sooz. x
Morning SJ, nice to hear from you again...morning all. ;-)
I agree with you SJ. I feel it's a very good RNS. We also have an increased stake again in Vardar.
I'd still like to see Vardar listed though. Lol.
Keep your spirits up! Good to hear from you.
I see it as a good financing, not sure what others think. No immediate dilution at these low prices. Repaid by Jan/Feb next year. If prices are higher by then, we would have done really well out of it. If there not then we are no worse off as placings are at a discount most of the time anyway.
Being optimistic, I see it as Kurt not wanting to raise at this low price and getting a quick lump in the bank on very good terms.