The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Agreed. However LR made it quite clear the other day in his speech, make me the right offer and it's yours!! It's no different to any other business. Show me the money!! That's why we are here is it not?
@Matrix....Here's a scenario I trust will paint the picture.....and surely not the case.... Say someone bought 100,000,000 million shares at x price and then get told as a major shareholder they will be offered additional shares at x minus Y in a placing. .... They then sell x at market rate immediately and then buy back all they sold at x minus y.......Got it ?.....check the current market and form ur own opinion.
Totally agree. I'm here for the long term. Let's see if he is true to his word SS this month!!!
Don't know what I'm missing here, and eager to learn as I'm a novice. But this does not make any sense to me. If they are planning to release a SS that they believe is good and will make the SP rocket, why would they place now, or sell now planning to buy back at cheaper placement? The expectation would be that you wait for the SP to rise, then place as you'll get more cash for operations. The AGM explanatory statement for approval of placement even highlights this, by indicating that if they were to place at $0.002 they'd raise $1,114,915.26 of funds. But then they state that the SP may rise by 100% when the placement is done, and that would mean a raise of $2,229,830.52. Hence they would definitely be hoping to place at high level. Only thing that makes sense to me is either: 1) Someone believing nothing positive will come of the SS; or 2) A shot term trader that borrowed to invest here and just urgently needs the funds; or 3) An Investor that's already made good profit and just wants out to invest in a different opportunity.
Regardless this is a massively de-risked project in a stable jurisdiction - it will be a mine one day (we would have sold for a big sum of money before then imo). Then we move on to the next project and get a special dividend
I think it’s more sellers from prior placing taking money off table - delays with SS have hit us, if it came on time we would probably be double the price!
Regardless I know LR wouldn’t be stupid enough to do a fundraiser and SS at the same time! The nomad would
Be breathing down his back.... think it’s just the SS delay and if it isn’t delivered by next week probably more would drop out.
Guys there could also be a genuine reason for this lengthy event. Oiltap has made some great cases for this over the past year and i do agree with his assessment. My issue is LR is promoting a massive assett potentially worth 100's of millions. Yet he makes promises and silly mistakes, we could not do that in our jobs!!!!
@Bobby....To answer ur question....the SS could be released with a 10% placing all in the same RNS. And honestly the way I am reading this market at the moment,,,,a very very high possibility.
@Oiltap...the last time I saw this scenario...I think it was a ceratin Mr and Mrs Williams dropped a few....It is in our postings history somewhere...... But it was just before a placing....they sold and bought again at placing price.... This could be imo very similar and in that case deemed insider info....Check our previous postings....see if it ties up.
The proof will be in the pudding once the scoping study is released, whenever that maybe. Silly mistakes in speeches dont help when stating SS in Q1 the other day. When it clearly said Q4 on his presentation. Let's see how detailed and "slingshot" as quoted it is!!!
Anyone thinks this is a dip before a significant rally
What a stressful journey!! Although I am still hopeful it is worrying to be so close to the SS, experience positive "momentum" and then about 44million shares are dumped and the SP slumps with about 10% at times during the day. I really hope they release the SS before next week's investor presentation. As mentioned in other posts just repeating what is already public knowledge will not be well accepted. I've accepted Q4 as the official timeline, but LR also said end of September they're just about done. They've also said new data will not be incorporated. So more than two months later if you cannot present this a week or two early in a big Investor Conference it will be worrying.
its weird, I can sell 5 million easily for .0965 also on the offer... I do not know what is going on here tbh
got to get rid of this off book seller first.. I can buy 10mil shares for .0984 even now :(
Looking forward to how good LR's "slingshot" comment will be.
Toral site visit this week
Whole team on site this week, awaiting diamond drilling assays back from the lab. Working through new data being put into the packages. New mapping work underway
*content
New contact needed for Turner Pope presentation - next week Monday latest seems logical?
However with all the delays I’m not pinning a date anymore!
Thanks panic seller. Manage to top up some more. News coming and this was just short term traders selling.
Well they still want all the shares they can get I just tried a £10000 sell and they want them so God knows whats happening in the background
About the sells.... it’s probably placees selling who are in a good profit.
Delays are never good but we are the brink of the SS which should propel us forward at last!
I’m confident Toral will be sold - just a matter of time
Someone must think the shares will be worth less after the ( imminently due) ss is released, which doesn’t fill me with confidence... the presentation however was impressive and I topped up this morning, only time will tell
good point Bricks I didn't think of that....better this side of SS than the other so ill keep chewing on them ...
Or....another placing is currently underway and this is part of the 10% discretionary limit granted to EUZ management the last AGM ?
Is it possible Turner Pope held back a few from the last placing and have placed them now at a better price ?