The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Anyway some digging Peter Major founder and 2nd largest shareholder in aai (as posted by Ohnonotanotherone) went down the joint venture route for Canyon Silver mine in March last year with Social Investment Holdings Inc based in Maimi.
http://edgar.secdatabase.com/1737/147793223009123/filing-main.htm
All I’ve found upto now.It’s in all that lot for your perusal.
Building up a portfolio of stocks is sometimes about letting them ride, initial, profit or both. I let mostly profit ride here, my initial went elsewhere to do the same. All on the back of MB/NJ misleading RNS (there is no defence for their actions). Yes I should of sold what I had after it became apparent they mislead the market but these are experts in their field in a (sighs) regulated market and everything was ticking along. Never trusted him since and won’t again, so thought might as well leave it in now and see what happens. As it turns out, nothing barring £30k extra out of shareholders funds in his back pocket. So this new venture and a raise for it could well suggest that the ‘other’ investments ain’t doing so well or he’s expecting a lot longer wait that he previously thought on the Tanz project if at all. Who knows.
For all I know he could be 150 years too late for the silver mine wasa, anyway you know my take on why I don’t like him so I won’t go into that.
Dee £3.5m of his own money are you sure? His average must be massive.
A negative slant has been the correct call so far City there’s no denying that, the new venture still remains to be proven. They bought into something with no financials as a guide, now using someone else’s platform, using data from MOS that hasn’t made much money so far, so a 75m sell is not positive which every way you look at it. Guess time will tell in the end whether MOS recoup all the shareholders funds already wasted.