The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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They tried to sugar coat the announcement I'm sorry but Keith really has to look at his future here now.
Whilst still believing in the project myself I think he has to step aside for a more competent person
Lol you couldn’t make this up.
Pennies in the pound (if you’re lucky).
lol.
LOL,
Well, I guess that's attempt number 3 at completing a DFS complete. When do we think DFS no. 4 will begin?
Sorry to tell you we won't be completing the DFS as we promised for the ......... I've forgottten how many times now........ but this time to make it even more special we're going to give you another timeline. Though this time it's not about when the DFS is complete, it's for telling you why we didn't complete it. LOL
So what's the positive spin on delaying the announcement of the announcement for the reasons why the DFS isn't happening again?
Fingers can you please start getting ready with all your ramping comments about 2024's early Christmas present? Try spice them up a little this year so they aren't exactly the same as the last 5 years....
Sadly, this is not a surprise. The disappointment is that KC tried to hide the reality of what is going on and has tanked the SP. His BS timelines are nothing other than arrogance and a disdain for us small PI's.
However, that said, it appears from the wording that the DFS is basically done and complete and positive. There are environmental issues that need tweaking to satisfy various interested bodies and this shouldn't be an issue and is likely to be beneficial. A lack of clear and unequivocal guidance on timing is a continuing bug bear and will see further SP decline.
I expect it will reverse swiftly but whether the days of £1 hoping for £2 will ever return is doubtful as long term holders will bail as they make decent profit. Anyone buying in now (after the assumed drop occurs) will see a lot of profit.
With the permitting process expected to be effectively coordinated pursuant to the enactment of the European Union's Critical Raw Materials Act
This is only 20 days away a few / week ago (forgotton the date )
enable the projects to reach production in the shortest timeframes
possible,
Importantly, as previously reported, the Company does not expect that the extension of the study
period will impact the overall Project timeline,
This review process could significantly improve the economic outcomes.
Here is my take as a guess , the CRM people and permit people working together to get this project green as possibe . They picked up the previuos draft DFS , looked at it and said we need you to tickle up these areas of concern : Gangue removal from zinnwaldite , recycling and regeneration of reagents and simplification of precipitation/crystallisation processes to reduce energy and water .
Gangue, produced from coal mining and washing process, is a serious threat to the ground environment.
Oh well , i feel thats the story . we will only come out of this bigger and better we hope .
Yup, process improvements to facilitate cheaper production and decreased capex. Sometimes it’s better to look at the big picture and wait and see instead of stamping your feet. Next we need to see if there is any material news irrespective of dfs that adds to the big picture. I’m confident……
Company (Geomet) expects to make further announcement before end of April detailing some of the more significant issues, then.
Hopefully - not to the detriment of us incredibly patient long-termers' !!
let's just see what the sp does tomorrow - top-up opportunity ?? If you believe that good news is to follow - [soon ?] !!
Old Shelly’s gammon face will burst when she reads this 😆
.. lots of talk of savings though 😂
Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02789255-6A1200132