The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Slowly slowly catchy monkey....gettin there !!
Laura Davey50 & Earl (traders know me a bit I think!) on Thursday I read the news......I 99% trust PeterLevine (he made me good money in IEC (ex Soviet assests) I trust Peter( he will do his best against all odds) and I also follow the money ....took a small long position on Thursday last @ 7.7p......wish I had more funds but pretty fully invested elsewhere!
I am happy to hold and it wouldn't surprise me if PL were not to buy my 7.7p shares for a £1 or more some sunny day!
GLA
P.S. as I said yesterday:-
"I'd love us to get there now and put all this behind us to move fwd. to greater things at depth and wider area etc."
The BOD's goal/vision is a £billion pound market cap. We are £16mmarket cap today (I think fair value today should be more £30m) but even with a further 100% dilution the £1bn would still be around 30 x bagger from today!
We can but dream the vision into existence....lol
happy easter Weekend!
Very pleased to hear that, InTooDeep999.....it is easy to lose confidence from time to time.....especially with so many false dawns.....the times I've loaded up feeling we are nearly there and then almost immediately trimmed back to preserve capital/dry powder...when the delivery hasn't happened........a lot of buying seems to occur when RNS is in the pipeline...IMO..lol and if I'm right....then I could also be right in adding a caveat...(but the content appears always unknown...lol)......It is a shame that some have opted out totally......and mainly on the basis of what we were discussing here yesterday and recently:-
1. so many times many including RightOn saw 20p as the trenches defence line.
2. the BOD always seem to find a way...when it's necessary (I think they're more in control than would appear....always!)
3. There is little risk (10% imo) on the SP medium term and obviously a much higher opportunity of a re-rate as previously discussed (90% imo) at some point. just when???
4. we have been hassled with missed timescales so many times and perhaps this will continue.....but I keep seeing 13 weeks in my head and those warrants extended for 13 weeks now on top of the PFS 13week expectation as discussed yesterday.......who knows? hope so! lol.
I've been investing and trading here for more than 6 years.....and owe it to RightOn's posts and podcasts to have kept me invested (to an extent...the whole time).....I was with OXUS of course, so knew some of the BOD and certainly did not blame them....so yes Phoenix arising out of OXS ashes???
I'd love us to get there now and put all this behind us to move fwd. to greater things at depth and wider area etc.
I hope Plutus1 is still on board and that Trek and BilkosBuddy return to invest here, when they feel the time is right.
Good luck ITD and GLA!
And you were only ever the messenger Stan.......two years ago.......(now Shares in Issue 149.07m
Market Capitalisation £16.03m) then your post Stan.....:-
"RE: No surprise to see 6 Mar 2021 09:36
This is a post from Richard Wilkins (CFO) in the Telegram group. Shared with his permission.
Dear All. Apologies if this is a bit long. I know you are surprised at the size of the funding. So were we. We set out to do £10m (pre Open Offer), we were offered £16.45m. A great vote of confidence. Everyone advised us to take it. We expect this to be the last equity raise before production. It might be the last ever.
We are seriously upgrading our share register. We have a number of excellent institutional funds coming on board who will be long term investors. We’ve been chasing some of them for years. But we were too small. Not any more.
To the extent that debt financiers require equity for the construction financing, we’ve now got it, if we need it.
We’ve got plenty for exploration. This summer we will be drilling Red Star, Navarre Creek and the underground sulphides. Fantastic news flow I hope.
This takes the Company beyond a critical mass market cap once the new shares are issued. Upwards of $50m. This opens the door for new investors, particularly in the US.
We consider all of this very positive. Finance to support the construction debt, for exploration, and to up our marketing game.
We always said our target was to be cash generative with approx 100m shares in issue. I think we’ve achieved that. Maybe it’s 115m. So what. It’s better than 200, or 300, or more, like so many other companies.
By the way the £2m debt is repayable in November. Right now it’s working hard on site to keep things going whilst we wait for this finance.
You are all offered the finance on the same terms. We stood our ground and insisted on this. If you want to participate in the Open Offer, just be on the register at COB tonight (the Record Date).
Finally, do you think the BOD would deliberately act to destroy our own value? Far from it. We believe today will significantly enhance our value, once the dust has settled, and the market takes on board where we now stand.
There will plenty of analysts publishing new price targets in the near future, hopefully starting next week. Watch this space."
I'm still watching the "space" ...lol!
It,s got to turn soon Stan? Surely? ATB
Perhaps the PFS being released within the next 13 weeks? unlocks the finance? wishful thinking? all evidence suggests the time scales will slip? or not? ......it all has to turn around eventually! is this happening within 13 weeks? I have never been so in Limbo for so long as here in PXC.....still got my Core Stan....no additions nor subtractions.......just waiting..lol!
SP Angel note seems to highlight the difference between a JORC Exploration target v JORC Maiden MRE:-
"Conclusion: Today’s Development Plan provides a path for Empire to progress and derisk the Pitfield titanite project following the its discovery within a large, sedimentary titanium mineralised system.
Drilling set to be completed in June will open the door to a JORC Exploration Target supported by 51,000m of RC and 4,000m of diamond core drilling. Note, no cut-off grade is applied to JORC Exploration Targets.
Management has reiterated their target of a 2025 delivery of the demonstration plant, which is intended to further derisk the project by proving a route to commercial production of the titanite, likely through low temperature acid leaching.
This will be followed by a JORC maiden MRE ‘Mineral Resource Estimate’ when the team are able to justify a suitable cut-off grade as required for the estimation of the JORC MRE.
We look forward to further updates as the Company, recently bolstered by an expert titanium metallurgical team, progresses the asset with metallurgical testwork.
*SP Angel acts as nomad and broker to Empire Metals"
"JORC compliant resource of billions of tons" It won't be initially of course......many years off that IMO.
The MRE in Q4 2024 will only be based on a "sweet spot" to start with........! who knows ten years + down the line?
".............Definition of a maiden JORC-compliant Mineral Resource Estimate that will provide the basis for a mining option study and eventual ore reserves;..................."
"A maiden MRE is part of our 2024-25 project development plan but it is not likely to be completed before the end of this year. To keep in mind however is that this maiden MRE will represent a small part of the identified giant mineral system."
Our SP may well remain within the current range for some years yet......IMO only!
Subject to game changing news meanwhile of course.
You're right Andrew4444.....and I would say that the odds are even better than that, because (IMO) you will not lose 50% of your money unless you sell out....because they will get the financing in some form at "some stage".....the only thing you risk losing (assuming you continue to hold PXC of course).....is more time........which we are all well used to........lol!
But the BOD do normally find a way to do what is required....when they need to!
And........@ 38.5p!
Why bother extending this £1m + worth of potential adviser's/broker's share purchases.........for only 13 weeks from now.....
......unless you expect the SP to be north of say 50p? by then?????????????
Indeed Mafs and Rijm66!
I've owned a share in this TK project for nigh on 20 years....right back to the MVA prior to NYO days.
We are just about 10 years off our production target...but never say never.....lol
It's a HOLD for me!
GLA
Only two weeks ago 4candles your post:- "Thanks bankrupty......"
and 14th dec your post "... - apologies again. I'll shove my candles appropriately!"
and now today......have you had an episode?
in fact now that I think of it....what's the point to getting the "rabbit in the headlight" feeling here so I'll report my own post here and ask LSE admin to close my account please!
Bet I get the most recommendation tick ups ever on this one....lol!
GLA
Well king of the filers for fork sake fork handles........can't really think why I'm on your list.....and from zero ever to three with me included.......is it just because I expressed a view...that you have alterior motives? Whatever? ATB
I don't tend to conform to the herd and therefore don't equate to why "all" seem obsessed with the $US price.......£GBP price seems to work better here in the UK.....I'd hate to have to convert my gold sales to £US first and then to £GBP......think of all that commission....lol...........anyone got a nice car for sale.....how many troy ounces? perhaps in time?
Well if you can't stand the heat....IMO....yet you admit the "filter works".....I suppose your sold out or sold down for now....forkandles......alterior strategic withdrawal perhaps......seems like you're not the only one!