The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nice to hold ground on a pretty smelly day on markets all round
Call it a hunch but the recovery today indicates a bottom of sorts. I also note that the MDA was due for completion in June. My view is we are pending a documentation phase ahead of an official announcement
I can see the government wanting this done ahead of the rainy season to plan for 2023.
This should re rate to 20p ish without any further announcements,I will continue to add below 14p. Such a difficult sp to predict going forward,sky is the limit.
Myles pumps after he buys, quite a large fan following. He has Good research but when ever he says LT ,take it with a pinch of salt because he trades..Same has happened with BOOM and many of his other holding. With the amount he puts in it's a significant profit.
Oh there's much better outcomes here than a mere 60-70p takeover.
Wait until Rare Earths 10x because China pulls up the drawbridge - again ...
"U.S. IN EARLY DISCUSSIONS ON SANCTIONS AGAINST CHINA TO DETER IT FROM INVADING TAIWAN -SOURCES
TAIWAN LOBBYING EU TO PREPARE POSSIBLE SANCTIONS PACKAGE AGAINST CHINA -SOURCES"
Looks to me like someone taking a sizeable stake here. Takeover in early stages?
https://www.devdiscourse.com/article/politics/2177050-germanys-new-china-policy-will-not-be-naive---economy-minister
You can see a perfect storm brewing for REE outside of China, add to this MKA’s recycling policy and we should be set for a big run..
No way of knowing what Myles holds now - in Q1 2021 he disclosed that he held 2.98%, so deliberately just below the reporting threshold so he can trade it without declaring. I suspect he is pretty active trading high volatility shares like this.
Bonker you are correct, I recall the days of 2.75p (covid) and at the time we were all saying the Talaxis deal valued the project (pre-dfs) at around 24p, behold a year later Talaxis took 33% of the group for you guessed it, 24p
don't lose sight of the true value here just because the market is getting spooked or playing silly games, we have great management (as evidenced by the cotec deal and funding) and they will deliver serious long term value here, the country is also very supportive, this is a huge deal and project for malawi, everyone is on the same page and true value will be realised I suspect very soon
I think I saw on Twitter that Myles had sold down his LT holding and only holds a few now?
Could be, or perhaps just that it has fallen so far on such little volumes, for no clear reason (other than perhaps a large Russian holder exiting his position earlier this year), that it was due a bounce to levels more appropriate for its reported assets
Nothing leaked - just basic math.
@SuperRoty, they can sell Songwe for 60p today at a standard market valuation based on the DFS NPV - believe it, don't believe it but it is the reality.
Something leaked perhaps, 1million purchased before midday
Me too - this share moves on such little volumes, it won't take a great deal of buying pressure to see a significant move north.
I’m interested. Let’s see.
Market isn't interested. Over on pxc hint of finance rns initial spike and then down. 25% spike on 12p adds up to very little. I saw 38p here likewise saw 160p on pure gold. Bl××dy minefield
I am not so sure. There are two major near term hurdles - MDA and funding. Once these are cleared, I think there will be a major rerating, as project risk reduces and the increased NPV from Pulawy is factored in. This derailing should also allow the market to price in exploration upside from both Nkalonje as well as potential rutile and uranium deposits on separate tenements. Separately , the recycling tech, once proved up at scale, could also be spun out as a standalone asset at a significant premium to the value currently attributed to it by the market. The key risk for me is an unexpected decision by the Malawian government as the MDA is negotiated, which is suppressing the share price and acting as a blocker to both funding and larger investors supporting the company. Hopefully a good solution for all parties is agreed soon!
I am not so sure. There are two major hurdles - MDA
I watched with interest the GGP share price today after it confirmed mine finance. I know the MCAP of GGP is higher but it could not hold onto a 10% gain. I think my expectation of seeing 30p here again is pure fantasy. Any other views?
Bought a few more under 12 and will continue to add down here.
Might have already been posted.
https://times.mw/government-wakes-up-on-mining-deals/
Does anyone know where I can find information relating to; amended option plan, amended EMI plan, and amended RSU plans. My voting forms refer to a circular, but I cannot find this on the company website.
Thank you.
Had a smaller top up than yourself but got a better price of 12.2, shows as sell at 1620hrs
bought 75k at 12.24.
Still waiting Finty