The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Blue
One would hope that JP would have learnt his lessons from the folly of his previous, ebullient prevarication - many years ago - when investors bought in to a fast-rising share-price, only for them and it to be deflated after the BoD’s litany of mismanagement debacles revealed themselves.
However, this recent stream positive news, buttressed with optimistic statements on the company’s future, strongly feels as though the resulting ensuing uplift will be substantially sustainable.
Hi Redmoor,
No I haven't, I just feel that after so long with his disappointments and how they now go into so much more detail to try and stop the concerns about Management payments, etc, that perhaps this is turning and he is unlikely to be stating timelines if he is not confident they will be met.
I do question their credibility, business acumen and communication with the market, but this year they do seem to be showing some green shoots that should allay those fears a little.
The proof is in the pudding and we have two and a half weeks until the end of Q1, so let's see the news that has been taking such a long time to come to fruition.
As other people have pointed out, Cobre sales now backstop the current SP and so this may be an opportunity to get in early before the newsflow turns positive on other projects. Or it could just be JP back to his old self....
Have you any idea what the situation is Trout? We've had so many unfulfilled promises in the past, I feel negative even though I think this company can progress. The latest RNS indicates news is due on either Redmoor or, LCCM. Our Bod are expert at making statements about the future, they never meet. The end of Q1 is near....
Dividends would be the way to play it and share incentive plans!
Wont take long for the BOD to take a bonus the decline of the company is scandalous it has been milked dry by greedy directors.
"At present, we anticipate further news flow from projects this month and beyond."
A bit better picture for us. Just over three weeks left in this month so hopefully, we're in more exciting times.
Rerates not restates (courtesy of auto predict).
Good news is always welcome. This underpins the current mcap and suggests that we are a couple of million undervalued, based on the current Cobre position alone. LCCM and Redmoor don’t appear to be factoring assets. Unless the market restates us.
That sounds nice, can you keep costs down to bare minimum and use the next year or so to start up LCCM slowly?
Have the UK govt and councils met Competence and Strategy?
Granted we don't produce any but if there were a BOD and competent deep state / government in the UK, perhaps we and the existing producers might.
Interesting discussion on Germanys tungsten / wolfram requirements during WW2 and Spains mines that were developed by Germany, presumably if deal done by Trump re Ukraine, there'll be massive tungsten demand by whole of Europe for rearmament?
https://forum.axishistory.com/viewtopic.php?t=163333
Leeching does require expertise and experience, i do agree continued careful finance should allow a slow but steady commencement with the Cobre funds, get that going then focus on redmoor
LCCM doesnt need experts. We already have enough paper experts. We were told the oxide was "shovel ready" we have had permission to process the oxide for over a year. We now have increased income to facilitate the purchase of a shovel. Unless we were misled, why are we not processing oxide?
With all the fighting going on, tungsten is very much setting the world on fire, only the limited amount of DU is better for ammo than tungsten.
Im not a fan of LC, but also not a fan of selling it off, get some experts there and get it going, cobre is not enough to fund Mgt and review Redmoor.
Yeah, shame redmoor is more tungsten than tin....
A dead glow-worm in a jar wold dazzle us more!
All we need now is news flow......
The last two trades were UT trades from the auctions so not the MMs spread. Basically if someone wants to sell at 0.27p and the offer at that price in the auction, someone is likely to take them up and it trades there.
The spread is wide, but the MMs aren't sure where it is going to go and with lack of volume are going to all sit together on the same wide spread.
Give it some newsflow and the spread will tighten.
I would love to know what the MM's are doing with spread? There have only been 3 trades all day and with a 40% spread, it looks like that's too much. 5 weeks to the end of Q1 JP! Time to dazzle us.
Well the Golden Cross has nearly formed now with the 50daySMA crossing above the 200day SMA, with both moving in an upwards trajectory. A good chart signal, so just need to see some news now to kick on from these levels.
No idea on the court case. They don't give any indication of when it will be finished. I read the whole thing and they're getting payments up to December and other actions are still ongoing, so I guess they won't consider who to pay and how much until after everything is settled. We might not get a lot but any amount will do to improve our outlook. I'm more concerned with what will happen with any generated income, given our Bod's previous history. Get going with things quickly, or step down. I've no patience left for people who talk but never do.