The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
NYSE/TSX uranium shares on another tear up today, with most up between 4 - 8 % there seems to be a little disconnect occurring here.
'For HUM the Net Debt figure of $40m is much much less than I expected'
Yes, I had it pegged at around $51m so I would agree with both of you that there will be a heftier balance sitting in trade payables when we get to see them.
Northman - see page 8 on link provided.
https://www.ey.com/Publication/vwLUAssets/EY_-_All-in_sustaining_costs_and_all-in_costs/%24FILE/ey.com_gl_cost%20per%20ounce.pdf
Basically anything that is a sustaining cost, eg fixing the pit wall is required to sustain the mine, is in the AISC, anything that is non sustaining, eg adding a new ball mill will expand the capacity, not sustain it, is not in AISC
I believe IG are free if you make a certain amount of trades per quarter - so you are probably not trading enough for their liking Frosty!
Lamposts are always dangerous when walking in the rain, I'm lucky, my dog wont even go out in the rain, just looks at me as if to say 'yeah right, can we go back on the sofa dad?'
I have trained him well
214 posts? ;-)
I'm completely out of both at the minute, sold here at 8p at a loss of about 20% (and obviously should have taken some profit earlier but didnt) and I agree that the HUM situation has put a large delay on any potential to move Cora forward quickly as well as denting sentiment.
However I still think there is potential here but they will need to raise and at what price? (5p sounds feasible). I'm on the sidelines for now.
Right, I will say this one more time, and type it slowly........
The SP has absolutely nothing to do with the value of a company, a company with a share price of £100m with one share in issue would be worth £100m, a company with a share price of £1 with 100m shares in issue would be worth, yes you guessed it, £100m.
Think of the old 'which is heavier a ton of lead or a ton of feathers?' question.
The 'value' of a company is defined by the Market Capitalisation (MCap). This is the price of each share multiplied by the number of shares in issue.
And while I'm at it, I'll save PAAA a job and say the fact that trade is either marked as a buy or a sell does not necessarily mean it is actually a buy or a sell.
Now I'm off to bang my head against a wall, have a nice day.
Exactly Cornish, well said. I don’t want anyone on here to take this the wrong way but I do often question why people are invested if they don’t understand what they are invested in. Ramping is all well and good and everyone likes to see a SP rocket but let’s get some perspective. Redmoor is a long road. There is a good simple presentation which I believe is on the SML website which outlines the prospective ore body and SVS, size, shape, location, lots of pictures, well worth a read for those who haven’t seen it. Looking forward to the PFS, GLA
Nothing wrong with that interview IMO, as others have pointed out, it basically says if LCCM needs more money throwing at it to make it a bigger proposition then we MAY have to raise towards the end of next year (not next week peeps)
However we are still looking at the heaps for early production which will reduce the need for working capital, and therefore reduce the need to raise (if we even need to)
JP has always said he will raise to add shareholder value, never been shy about this fact.
So, Redmoor results are huge, and I mean huge. I cant remember seeing a 7m intercept at that grade (although there probably are some out there), LCCM drill results sound (judging from the intimations) very positive.
We still have Cobre situation to resolve, but that's always a concern when your eggs are in one basket.
So with the eggs particularly in one Cobre client basket anyone here think it wouldn't be a good idea to raise funds if needed to boost profitability from LCCM providing it shows sound economics?
If so those are probably the same people who think Redmoor should be producing this time next week and that we can fund it from the profits of LCCM, which should have been producing 3 months ago (c'mon JP get your finger out)
The fact of the matter is these things take time to be done properly.
If anyone wants to go and invest in a company where the BOD are lying sacks of Sh** then I can suggest a few for you to have a look at, personally I like the honesty.
‘What are the chances that they will announce stage 2 funding before christmas?’ Practically zero I expect !
Sorry Casp I just inadvertently reported your post instead of pressing the respond button! I’m unsure which part of my reply you found sarcastic, or indeed insulting, but thanks for the permission you gave me to respond on this public board (that was sarcastic BTW) You take pains to point out the limitations of Cibra as a company but Myo seems to have grasped what I was aiming at. Surely there are advantages of having a dedicated vehicle to promote a unique product over those that primarily sell a competitors product is an advantage? And if this product also allows your vehicle to grow in value then its win/win (or not as the case may be) FT alphaville outlines the bear case for the offtakes quite eloquently, and I would encourage everyone to seek out that article and take it into consideration, but I would hope that anyone invested here has researched the product and drawn their own conclusions as to its potential value. At this stage i think it’s whatever conclusion our potential funders draw from the quality of the offtakes that counts. Personally I would actually rather have the deal with Cibra over a straight offtake, but that’s just me. You never know, maybe we chose this over a deal with a ‘bigger’ player.
Hmm, ‘I will not engage in a keyboard squabble but.....’ Surely if you aren’t going to engage in a keyboard squabble you don’t even reply? Anywho, apart from making the cardinal predictive text error in a post where you correct someone’s spulling the counter point of some TORPs being with minnows is a valid but already known argument, and one that also adds to the well perceived risk in this share, you know along with drilling a big hole and tunnel and not having any money to do it yet. However, do you really not think the Cibra deal is good? Not only does it give us a direct presence in a territory that by all accounts is a growth market for fertiliser (see what I did there?) but it also gives us a stake in a company that will directly benefit from selling our own product, and at a P/E cost of just over 2 by your calculations. Surely one way for these minnow distributors to gain market share is to offer a USP over the big boys (with that USP being P4 obviously). Sign a deal like Cibra in every region as far as i’m concerned, sure it adds to the risk but also the reward.
in fact here it is (not my work but bloomin funny)
https://www.captiongenerator.com/1172912/Hitler-finds-out-the-AIM-market-is-dead
Very good, there also one of those with the same video about pump and dumps doing the rounds which is hilarious.
Nice to see the usual suspects still here. As you say DV lots of news could land imminently so a little top up yesterday was in order, GLA
What has the share price got to do with the price of fish? Lloyds is 60p (ish)
After stage 1 with the royalty payments agreed I wouldn't have been surprised to see Gina take a TORP, always thought it would be a good endorsement of her investment.
Now imagine if she can get a TORP at a massive discount for some up front capital, and earn her royalty on the sales. What a blinder of a business deal that would be.
If you are buying on LSE in Euros then exchange rates will be a consideration also liquidity (ability to buy and sell) might be better on LSE
'a solid European TorP from a recognised and respected industry partner would do no harm?'
Thats a good point Myo, its not so much about getting a TORP but more, if there is a TORP, who that TORP is with.
And, as its Friday, I will bring up the possibility of any 'delays' in TORPs with European partners being down to other factors....