The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
9-10 times profit AFTER tax, very, very cheap in my view.
Support at 550p with paths back to 600p+
No way should this be trading down here on its last update. Clearly confident to invest £100m in the US too.
Most shorts are in the money, increasing fractionally gives the impression of gloom and doom, but most will have hedged already by derivative.
The broker ratings are laughable. Massively late and obvious. Shorts beware.
Quick bid. Takes the mess out of this and upholds some reputable damage done to AIM.
This isn't the usual £5m duster. HZM has been on AIM over a decade and was valued at £400m a couple of months ago. This is a high-profile disaster.
Sorry, all this from someone who was ramping BIDS a few days ago? Deluded mate.
The issue the holders have is that they are all close to their maximum thresholds. No one actually knows how much the company needs but my guess is probably just enough to fill those holder to their thresholds…
The alternative is that they form a concert party and bid. Then we have to keep them honest. Even on a fire sale, it’s worth £300m. A lot more really.
Required billions of capital it never got and didn’t even get a spade in the ground, let alone 65% complete!
What’s required to get this over the line vs the prize is light years away from Sirius.
The criminal facts are that JM said 60 days ago that everything was amazing and on budget/time. Now he needs an undisclosed sum and half a year longer. I mean what an RNS.
As bad as it all sounds, it's easy to forget Glencore (to name one) have a massive holding here and an offtake agreement in place.
I think it's naive to read this as gospel. It's been done, in my view, to destroy the SP. Why? Place your bet (or not). Same crap happened with Sonora.