The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
My post on ADVFN:-
" well now ......POF(RightOn) here as an inside outsider (LOL) Donald Pond(Paul de Gruchy) 6 tick ups and no trolls responding......bit of price action.....someit's going down guv......lol"
Hope so!
And my post of 19th April 1744hrs I talked patience .....and now the EnglishPatient has returned......it's about to blow....."She canna take any more, Cap'n! She's gonna blow!" Scotty's last mission finally proves him right - Space X rocket carrying his ashes explodes.......watch this space!
GLA
Cheers from me RightOn!.......you kept me going years ago...and I suspected you weren't far away....your post here is a bit odd to me....almost like "my BOD friends have shunned me a bit".....perhaps they felt you were too informative here...and needed less overt posting?
Any way that is your business! and my speculation only....matters not in the "biggy picture"....in a recent post of mine...I highlighted the "future excitement" when we get out of this cycle of "finance frustration"......Red Star, Horseshoe, Whiteknob, Bluebird & Windy Devil Claims , Navarre Creek Carlin, "Elephant" beneath sulphides...and our "dirty oxides" to fund the exploration with divies? ETC.
I note your return to posting....and to an extent wonder if you have got the same idea on the timeframes for exciting PFS/Bonds circa $25m/ extra "used equipment" etc. which IMO will happen in May/ leading into June ??
Good Luck RO et Al.
At the end of the day today so far we are all down maybe 50 to 90%...including the BOD about £4m worth since Oct '21 high of circa 75p?....and short term we are not happy and laughing....it's been frustrating.....but I believe it will be sorted and before end of June which is what....10 weeks away.....and I expect May....so maybe 6 weeks away....maybe sooner?
.....then we'll all be laughing and happy.....and I'm sure there will be cycles ahead which could again be challenging.....but that's the way it goes.
I have two choices....stay put if I believe....or if I can see another investment where I believe I can do better with my PXC investment...then I can sell PXC and buy that one......especially if I think it will multi-bag quicker.....so many choices....and each of us has to make the same choice....I hold a PXC CORE and trade a bit too.....and I honestly don't think I do that well trading....pluses and minuses tend to balance out roughly!
But I'm sticking with my core....I'd be sick if the funding RNS landed next ***day or ***day or ***day or the following week....and I had sold up after all this time.....so much patience invested rather than just money!!!!
Your choice!
Paul de Gruchy was answering a conversation on ADVN and made what I think is a relevant point (It's a big piece of work and a large document):-
"I think there are 17 different external feeds going into the PFS. It is a big piece of work that needs external validation of each material assumption."
Hope it's with us in May!
I suspect the bondholders were looking some sort of convertibility which would lead to dilution and therefore a no go.....The talks perhaps are leading to a number of hoop jumping conditions to avoid said dilution! It wouldn't be a shock to me to find it's PXC BOD that have been totally in control here or at the very least....mainly in control! I suspect we are very near......hope so!
And A bit stolen from ADVN in reply to me:-
"............I'm as frustrated as most here on at the time frame and constant slippages, but from here the risk reward suggest to me that getting out at a significant loss could be a serious error when sentiment could turn around - and very significantly - any day now."
Who knows?
An update comment this morning on ADVFN from Paul de Gruchy (PXC's Investor relations co-ordinator UK):-
"On timing of the PFS I was asked if it was on target for this month still and I answered along the lines of “there or thereabouts”. I’d urge people to focus on the content of the PFS: if it comes out on 27 April or 4 May it really isn’t material"
I recall Paul de Gruchy (PXC's Investor relations co-ordinator UK) posting somewhere that he strongly expects good news this month.....personally my guess is May into June based on the dates in the RNSs......
........We'll see!!
I wouldn't be betting against the buying activity but as I said on Friday from past experience:-
"maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!"
my thoughts are that the content is secret but the knowledge of an RNS in the pipeline appears to leak......all IMO only...I don't know if I'm right on this?
We meet again Noel and dv.
Bought my last certificated AAU in here around 10 yrs. ago or more (similarly with SHG)....I think I paid around a penny for my AAU.....lost plenty with SHG....but made it up ok here at Ariana.
We had a special dividend of 0.7p a couple of years ago from significantly and controversially lowering our JV % ownership share but indeed plenty now going on to start to see some movement in due course.
It sure pays not to have all your eggs in one basket!
GL
Yes Indeed MTSparky,
I suspect they kept the SP range bound this month( to an extent) for the Bed and Breakfast/ ISAs etc.
.....with a little bit of steady buying from now we could be well on our way to 14p+
And of course on positive news??? maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!
I would like to see $25m Bond Completion followed by PFS and more "used" equipment purchases and before the end of May 2024....would restore confidence and enthusiasm....and SP to ??? is 60p too much to expect by 30th June 2024??
GLA
At least the SP is consistent.....and tax efficient.....lol
Consistently dropping since I re-bought in 2 years ago....and no CGT to worry about.....lol!
No doubt I will break even this year....perhaps even a profit!!!
Good news, I'm selling up and laughing all the way to the bank with my RRR profits.........lol........you'll not see this type of post here .....just like the eclipse in the UK! it just doesn't 'appen.......lol
They wanted guarantees for their short term investment by hoovering up the PI/RI shares....and they were told the 15p was guaranteed! WIN/WIN for them and our "Shaggers".........Karma will get 'em ..........we should do a collective voodoo curse......or maybe already we have .....in our thoughts! GLA
Sprott
"For the gold mining sector, we estimate a fully loaded cost (extraction, sustaining Capex and exploration, plus corporate overhead, interest and taxes) of $1,750 per ounce. The gold price averaged $1,943 in 2023, indicating an industry-wide profit margin of $200/oz. Assuming a 2024 average price of $2,072 per ounce (same as Q1 2024), the industry-wide margin would rise approximately 61%."
Current Price
$2,374.04
Today the industry-wide margin would rise approximately 216%!!!!
Like i said before ....they could not have afforded to takes us private beyond NOW!