The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Kat
Hindsight answering lol we'd all be billionaires with your skills
Why didn't I win the lottery?
That's because you didn't choose the right numbers š
Not bright
Not invested
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
I'd rather have 100m shares than 65m shares in a company that doesn't exist. Share price is where it is, we need what we need and 4.8p is the bottom so not a huge discount
I'd rather have had the chance to participate in the 9.5p placing that Fryer particpated in that paid for the roadworks, 'the first time'.
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Investors can't lose WTF good on'em, without their money we'd be gone so if they sell at profit happy days. Russell hasn't taken part to avoid idiots accusing him of benefiting from a poor SP
He doesn't need to participate. He's already rerated his warrants by 75% at no risk. He's still the beneficiary of that placing and the spike he probably sold into. He still has 7% interest in his loan taken over by CRTM that is dues in October. And he enjoys the benefits of having bought his own stake in Molulu but still owning it, via CRTM.
Road still at least 3 months away.
Road was always 3 months from starting so why make this point ?
Because it was meant to start in January so should now be finished?
JORC pushed further out.
Needed money for Jorc so why is this a surprise?
Not a surpise but the JORC has been stated for months... and months.
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
It was always going to be investigated to establish if it was so would you rather he says O WELL might as well have it as I RNS'd I was looking at it?
I thought the whole point of Kastro was they used 40tonne trucks which required the road upgrade. So, who's taking the ore now, as there's no offtake agreement. And couldn't we have found a buyer with 20k tonne trucks... or wheelbarrows, just to get some revenue?
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell wanted that facility gone and it reduced risk down the line
What was the end result of that Ā£100k loan? What did it actually do for CRTM and the sp?
Russell is "delighted" to announce it all though, so it's all good
How about personal responsibility for eff ups?
Money for Road, Jorc, getting ready for production- Likely money for MA's why wouldn't he be delighted?
Because none of it is written in stone... or gravel. if we can't trust the rns' then what is there to trust in, as far as future plans?
The only misery here is that noone can seriously move out of the share as noone wants to take the shares. We're all hostage to the company and most, i imagine, now need a 5 bagger just to get back t
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
I'd rather have 100m shares than 65m shares in a company that doesn't exist. Share price is where it is, we need what we need and 4.8p is the bottom so not a huge discount
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Investors can't lose WTF good on'em, without their money we'd be gone so if they sell at profit happy days. Russell hasn't taken part to avoid idiots accusing him of benefiting from a poor SP
Road still at least 3 months away.
Road was always 3 months from starting so why make this point ?
JORC pushed further out.
Needed money for Jorc so why is this a surprise?
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
It was always going to be investigated to establish if it was so would you rather he says O WELL might as well have it as I RNS'd I was looking at it?
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell wanted that facility gone and it reduced risk down the line
Russell is "delighted" to announce it all though, so it's all good
Money for Road, Jorc, getting ready for production- Likely money for MA's why wouldn't he be delighted?
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Road still at least 3 months away.
JORC pushed further out.
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell is "delighted" to announce it all though, so it's all good.
Pinocchio not give his interview then? Already told too many lies, his nose wouldnāt fit in the studio.
Didn't Frankie and Bennies go tiits up?
well, that's a good omen!
2nd week of April and the road still hasn't started. so, mid - end June before the first delivery... assuming everything is still good with Kastro? have to presume that, if they're fixing the road, specificially for the 40tonne trucks used by Kastro, that that non-binding deal is still on but... as we haven't had an update on six months worth of due diligence...
retailers left having to make assumptions on transactions, financing, completion dates and whether Q3 is going to, finally, be the start of the return to the optimism of Feb 2023.
Give him some slack christ!
I'm going for a forgotten hair appointment or an Eat as much as you like complementary buffet at
Frankie & Bennies!!
So - this InvestorTalk interview, which was originally scheduled for Wed 27th March, was rescheduled to happen today.
Invites were sent, a number of investors logged into the call...............only to be told by the host that Russell had cancelled at the last minute because something had come up.
Of course, things do come up, but on a session that had already been rescheduled, to not be able to give even an hours notice of cancellation. Not a good look.
... as opposed to keeping all the pi's who bought at the same price, without warrants?
why don't they just 'take the opportunity' to buy on the next placing, at 4p and risk their money like everyone else?
at 4p they will certainly average down their 25p buys, just like us retailers!
i just hope the funds aren't going to be raised via 'interested parties' and HNWIs again.
i see SAR arranged a fundraise through WRAP (new one to me) so that existing shareholders could benefit. frankly, i bet noone would care if it was done through PB for Ā£xmillion, sufficient
When a company releases an RNS on 19th Dec saying a JORC report is expected to be released in Q1, and then releases another RNS on 8th Jan saying a JORC report is expected to be released in Q1, itās reasonable enough to expect a JORC report in Q1.
When a company releases an RNS on 8th Jan announcing a placing raising Ā£215,000 and stating āthe proceeds of which will be used for advancing the diamond drilling campaign at Molulu and for the upgrade of the public road to Molulu, as previously announced.ā, itās reasonable to expect the road upgrade to have started nearly 3 months on.
Iād be interested to know where you think all the money has gone that CRTM has raised since inception. Thereās a lot of money that has passed through CRTM, and yet even with the most recent raise, thereās still not enough left to fix a road that is critical to the one thing the company is meant to be doing.
what a complete pair of idiots spouting off like they know what happens in the real world
"whereās the q1 revenue as promised ?"
if you don't know then wow- i'm not saying i'm happy about where we are but i know why we are here and i'm not even saying some of it isn't on russell- in fact as ceo it is actually all on russell. but as a half intelligent person i understand things happen
"whereās the q1 jorc report ?"
again wow- you know it needs finishing and that takes money and guess what that takes sales
"do you think itās a good place to be when the ceo cuts the price of his warrants from 40p to 10p and extends the timeline ? does that not show whatās really happening ?"
why are you focused on russells warrants? what about the likes of hannam and others hat took part in 20-25p raises ? if there's a way to keep them happy while raising cash shouldn't that be done? if russell wants more shares than surely easier to take more at the next raise which i assume will be at far less than 10p- what do you think is really happening? this should be good lol
"there is zero virtue in warrants. they are just rewards for seed money to make investing palatable eraly on. but there's a laspse date for a reason!. to keep extending and reducing their strike price is pretty much theft, relative to a placing"
this statement just takes the prize for a lack of intellect and knowledge and purely aimed at your agenda not the facts of where we are as a company
again- where we are is not great and i'm not happy but let me explain what i think is really happening for you two children
russell needs money for the road- i expect a raise to complete this, russell needs money to complete jorc-i expect (hope) this will be included as it gives us value when completed and why not complete while road repairs are underway?
once road is complete we have 6000 tonnes we can sell which might give us around 800k to a million
i would think there will still be cash requirements to full production and this is where the smart thing to do is reduce warrants to plug that gap and that can' t happen until we treble in price from where we are today so i'm sorry but i can't see that as anything but good from where we sit today.
i'm sure you'll attempt to pick holes in this for your person agends so fill your boots
do i have an agenda? sure do-i'd like this **** show of where we are sorted and why you don't think russell does to is beyond me and spouting crap about a company your meant to be invested only hurts yourselves and other invested so i doubt you can be actual investors of crtm or if you are you're more stupid than i thought
@seamus - āCanāt see whatās really happeningā ?
Iām not sure I understand your point.
You seem concerned about shareholder dilution, but the shares in issue have risen from around 40m to 65m over the last two years. Dilution ? Itās already happening.
Also, the company finished 2023 with just Ā£66k in the bank. That pays Russellās salary and travel expenses for just 2 months. The raise in Jan 2024 is already being drawn on just to keep the salary paid.
Do you think itās a good place to be when the CEO cuts the price of his warrants from 40p to 10p and extends the timeline ? Does that not show whatās really happening ?
Whereās the Q1 revenue as promised ?
Whereās the Q1 JORC report ?
Iād truly love to understand the āwider opticsā you mention.
But warrants DO dilute the total shareholding. not only that, they will only generate cash to the company at a major discount to whatever the current price will be.
patently obvious that reducing the price of the warrants doesn't help the company as much as a 15-20p placing (as that would create literally twice as much cash as they'd be issued at 15-20p instead of 10p).
the reason the sp dropped this low is, i'm guessing 5p warrants were still making profits all the way down to 7p (who wouldn't want to still be making 40% profit at 7p!)
what's better for the company: 10million warrants cashed in at 15p but only worth 10p OR 10million placed shares at 15p?!?!
there is zero virtue in warrants. they are just rewards for seed money to make investing palatable eraly on. but there's a laspse date for a reason!. to keep extending AND reducing their strike price is pretty much theft, relative to a placing.
i don't expect the fans to agree... but, as there's going to be a placing, it would seem, why not let these ex investors just get in on the placing and share the risk like retailers do? in fact, why not issue the shares WITH NEW 10P WARRANTS exerxisable in 2025 so those ex investors can support the company now, AND in the future, when when the sp is at 20p?
Once the share price stops being peanuts the monkeys will go away
Korriban- Well said
It astonishes me how people can be so thick they can't see what's really happening or maybe they have their own agenda rather than actually considering the wider optics of a situation
Reduce warrants or do another raise to dilute ALL current shareholders
PS pillocks- I am personally expecting a raise to sort the road out but we'll still need more cash to get to production
And now Russell has repriced all his own warrants as well, from 40p down to 10p and given himself an extra year to exercise them at 10p.
Doesnāt exactly show great faith in the company does it ?
ABSOLUTELY SHOCKING. Pages and pages of Pinocchio Fryers waffle ultimately after having achieved nothing. Oh sorry, the school and brick kilns are progressing nicely. Three truck loads and the road fell apart? Itās like Carry on up the DRC. All we need is Sid James.
Everyone is free to voice their own opinion & how one conducts themselves is up to them. I am not going to come on a bb spread rumour be it rampy or de ramping, not am I going to throw acquisitions or insults out to someone I have never met, never had a convo with or even worked with. With any business there are a lot of moving parts, delays happens, the news for additional funds happen as do unforseen circumstances. Is it Russell's fault the company upgrades a road only for it to attract a higher local footprint this damaging the road to the state it needed further repairs? Would we as shareholders have had CRTM spend extra money doing the road to an even higher standard than the company previously thought it needed to be done? I'm sure if that was the case people would have moaned at wasting money. Hindsight is a wonderful thing when you are not making the decisions. Exercise a little restraint & patience give the co a chance to rectify the one bad year in terms of SP decline (after all every other year SP rose). You but at all times highs you have to expect a re trace before next leg up rinse repeat simple market mechs regardless of the story in ANY company. Not even Tesla went up in a straight line.
Should be an interesting RNS within the next two weeks with the much anticipated way forward, unless Pinocchio Fryer is up to his usual tricksā¦ā¦ā¦.
They certainly are but when it gets to a stage where one feels like he commands the stage to do his daily sermon.. He needs pulling aside and reality checking..
Far too many people with agenda's in these rooms..
Again you have to ask yourself why dedicate time and money in a stock you loathe
Pretty much sums up my opinion, too.
thanks, bohercom.
Is it not better to question, and be sceptical about, any announcements, rather than just blindly accept them ? Especially given the history here.
Owning CRTM shares isnāt a fan club. Itās a public company. The founders have taken other peopleās money for their own use. Everyone is free to offer their opinion.
Mazza, all you do is moan and talk negatively about CRTM, u ok hun?
Why would you bother holding or be interested in a share that you have nothing good to say about?
Surely your time and money would be better off elsewhere where you are more comfortable?
Why would I sell out for a loss? First rule of investing never loose money 2nd rule don't forget rule number 1
First, there's no moral or financial superiority in holding a share in a tailspin, even if one believes it'll come good. surely it's better to hold it at 5p or, possibly, whatever the funding might be, if it materialises.
and, in my opinion, all posts, moaning or otherwise, merely confirm one's own belief and conviction. nothing to do with changing anyone else's opinion. and if they serve to help you to hold or sell or buy then that's as good as it gets.