The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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We may get an update shortly regarding the PFAS removal trial at a US military installation which started last month
Unless I'm mistaken, they're his first shares, so he has an average of 72p. I very much doubt that he's buying with a 10% profit in mind...
Good to see another director buying stock
One can only agree with your synopsis cane toad .
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It's the PFAS technology that I see as the gem here. With $10b being allocated to its removal in the USA by Joe Biden. The way I see it, the company is either going to make a fortune with contracts OR it's going to be bought out by one of the big water filtration companies, e.g. Veolia.
In my opinion, there is NO WAY that the company is going to stay at £10m market cap. The share price has been 4x from the current level just a couple of years ago, with the same number of shares. Add PFAS into the equation and it becomes even more atractive. Clearly there will be pullbacks along the way and it could be a very rocky road.
Looks good to me!
@bbr391: "Another 14K cane toad ?"
Nope. not me. I'll have to be content with what I have for the moment. I don't like chasing a price upwards. I'll try to sit tight for a while and see what happens.
Looks like the 40% up will evade us this time.
Long term ,with Connie buying things should be better ahead .
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Another 14K cane toad ?
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Upon seeing that news, I will be buying more tomorrow.
One can only admire her determination to relaunch Mycelx anew .
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I've added significantly today. I would invest here entirely based on the PFAS solution alone, even though the price has been up at 260p back in 2019 with their oil removal technology. The market cap is still just £11m and I see this being a serious takeover target, though I'd doubt that would happen for less than £3/share now they have the PFAS technolofy.
One hopes news will send us to the upside (eventually).
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looking to add here this week. waiting for it to hold current levels for a few days more.
Personally, I think it has a long way to rise yet. With the Biden infrastructure plan signed off, I expect PFAS contracts to be kicking off in the not too distant future. As far as I understand, Biden is asking for ~ $10b for that work; not sure if those funds are within the already-signed deal, but it could be huge for Mycelx, even if the final amount is much smaller.
I don't see any significant change for Mr Slater, since 6 Aug 2021.
But the turnaround should resume .
With good news the flight may continue towards £1 .
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Disappointing when share price was recovering
He probably has sold a big chunk already. It will dent the price but the long term trend will be up if the PFAS work turns profitable.
Like almost every spike, it's going to mostly disappear. It's always like that. The **BIG** drop will come when Nicholas Slater starts to exit.
He only sold 1.5% of his shares - ~£12k or so..... He's probably not on a huge salaray and I don't blame the guy.
The most likely reason for the drop is not his selling, but more likely, Day/Swing traders cashing-in. They would have descended onto this share like flies to a dogshi*... I sold some myself late last week...
looks awful on the charts and a re-rest of 40-45p coming for sure, thats when i will top up. crazy thing is he probably only managed to sell 20k shares because anymore like a 50k sell would have smashed the proce lower.
why the h ell does he need this £10k for ? seriuosly s t u pid move for sure. expect this to go lower next few days
The point is why would the co founder sell anything just as the share price started to rise?! It shows he is totally out of touch with the importance of market sentiment. It could also be a way of avoiding needing to issue a 'we know no reason for the share price rise' RNS... either way, not what an £11m market cap needs.
While the relative size of his sale is tiny compared to what he had (~1.5%), it's a big part of the average daily volume (~25k shares).
You would hope that the size suggests that he doesn’t want to sell a large amount but directors sells are never good news. They can’t sell shares as easily as the average person. It will blow over quickly.
Director sells 20,000 shares out of a 1.3m shareholding. The share price drops 5%. How does that add up?