The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Big thank you to all the town hall attendees for sharing, gives a valuable insight to SD behind the camera.
We can’t underestimate how important his willingness to engage with the humble Pi, not many top men would be so accommodating.
To be fair CP I thought the same as Bamps as we moved from exploration farm in JV to a mining JV which was clearly a change of event, unless the terms were moved across.
Perhaps someone can get definitive clarification on this at the meeting tomorrow.
Jerry, I remember during GH’s tenure he was lauded in much the same way as SD is today. GGP is now a completely different beast under SD and all credit to him for achieving the transformation. I just feel that criticism of GH is unfair as he did the best he could at that time.
Surely in such a scenario GGP would have more than enough evidence that our partner has acted or is acting in bad faith in regard to the JV and there must be triggers that protect both parties with such behaviour. Add to that Telfer would be costing them a small fortune with any delay.
I recently bought my first shares here and asked a similar question. I’m bought them in an HL SIPP where I should pay no tax and my understanding is that the tax is 15% in a ISA.
However I also have an account in iWeb where I read the following:
“The IWeb Share Dealing Self Invested Personal Pension service is unable to arrange for US sourced income to be paid entirely exempt from tax in the US. Within our SIPP a 30% Withholding Tax rate is applied to all US sourced dividends except where the shares are US listed and you have completed a W-8BEN form when 15% Withholding Tax will apply.
Other SIPP providers may offer a zero rate of Withholding Tax on US sourced dividends, which means no Withholding Tax is deducted so all of the dividend is received at the gross amount. We do not currently offer this arrangement and do not offer a foreign Withholding Tax reclaim service.”
So make sure you check the terms of your broker to save aggravation.
The 8.2p you speak of wasn’t based on a valuation of what the company is worth but based on a discount to share price at that time. Technically of course a company is only ever whatever the share price is on the day. That doesn’t necessarily mean it’s a true valuation for obvious reasons.
If you recall, many years ago we had broker valuations based on risk that were in the 20’s, yet every milestone we’ve passed including one of the biggest, securing funding our price has moved backwards.
So accounting for dilution what should we be worth rather than the manipulated share price we have today. Also based on your point about investors putting money into the company, rather than Pi’s buying shares on secondary market, then that should mean any dilution should be offset by your conclusions after the last capital raise.
We all have some idea that we are being held, but nobody mentions where we should be.
Not that it’s an easy question with not knowing the belated resource upgrade.
I’d be interested to know what people think is todays fair value, I always thought we should be in the 20’s but considering there are a good deal more shares in issue and we aren’t yet producing, so should I be more realistic.
Bablake, the movie thing is actually a good analogy for this board. We are all watching the same thing and coming up with our own interpretation of the same storyline. As you say I like to hear other people’s views in case I’ve missed something.
SAS, like you I say what I think which doesn’t always go down well, definitely a side effect of getting older, but better to know where you stand with people rather than flip flopping around.
As we’ve both been here for some time it’s inevitable the conversation’s repeats itself. However I get the feeling we are on the cusp of something special but as you say I should probably temper my enthusiasm until we know the facts.
ATB
SAS, I apologise for the first point as you haven’t come out and said that, however you make no secret of what you think about Pi theory’s , so it’s there by implication.
I broadly agree with the rest of your post as it can seem like Groundhog Day on various threads but most of which can be put down to the fact most don’t sit on the board all day and want there say when they get the chance.
I confess to getting wound up when people complain about what they see as pointless/worthless posting and how bad the chat is.
To put it bluntly, if as some say that they see little value here then why not vacate to an alternative chat group.
Life’s too short to ***** and complain to each other and I much prefer humour and banter these days.
SAS, I think you’re conveniently missing the point. Why are any of us posting here then? Righty or wrongly, all any of us do is share an opinion, which is the whole point of a chat group.
Then people respond if they choose, but implying we are a load of shisters for putting a point of view across without it written down in front of us is somewhat patronising on your part. What makes anything you say more important than anyone else?
Most on here enjoy reading people’s thoughts and as long as the poster declares it’s an opinion then what harm is done.
NCM had no option but to gamble and take a risk with Hav given the impending decommissioning costs for Telfer. It’s my feeling that they wanted 100% and tried to play us. However the lumbering giant was too slow to land the killer blow on their quick and nimble junior. SD has been one step ahead consistently and that may a reason for NCM to consider a sale of Hav.
Personally I don’t see any reason now for NCM to hold our share price, however it’s a reasonable consideration that it may be someone on our side. If as the general feeling on this board is that we may go for the full 100% then it’s also a consideration that they may hold the price so as to get the best returns on a dilution that may be required. I also question as to why we haven’t released our own resource update to defend ourselves, unless we are in some sort of negotiation as it makes no sense otherwise.
It’s all speculation as we don’t have all the pieces of the puzzle.
Yet again, another great dividend payer bites the dust.
I get the need for caution, but why do they always reset divi’s when the share price is low.
Saying the 2023 divi should at least match 2022 divi is a kick on the teeth.
I would welcome an offer, at least it would it would get our share price up. Even a low ball offer should be well above the current price. Hopefully it would burn the shorters.
We need some sort of trigger to get us to move up, then we can see if the shackles would finally be off.
CP, I see what’s going on here as a holding pattern rather than pushing the price down to new lows. Presumably to frustrate Pi’s rather than decimate the share. Every rise recently results in a drop back to where we were. Their purpose may be revealed in the coming months or could stop one day for no apparent reason.