The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It doesn't matter who you are, there's always a price you're willing to pay for shares on a fully funded drill and all we have to do is wait for it to come into our price range.
Patience pays.
The last short closed (at a loss) 0.52% and the shareprice went up 19% that day.
Now we have two 0.5 & 0.6, hopefully they will follow suit and push up more than 19% when they close.
The short doesn't have to be big if there's a small free float to rebuy from.
These opportunities are always unpredictable, mass low-ball dilution causes so many bag-holders and most of them are looking to sell at any opportunity.
The shareprice becomes volatile, could go as low as the teens or a lot higher but there's a long way to go before results and today is the new 52wk low and that should attract potential buyers.
The drill is happening and it's fully funded, if you're in then good luck.
Always worth a punt if you're on the sidelines looking in.
Lol I'm chomping at the bit to see these financials, come to think about it no body knows anything about the company's financials or production for the last 7 months!!!!
No idea what the big secret is but doubt it's good.
Anyway I'm glad they're building a road and got some diggers and are spending the money raised in November more wisely.
Yeah shed loads of shares probably needs to be traded several times over but I'm up for holding for the results.
If I'm going to make a significant return (over 100%) I'm going to have to hold for results because taking 10% profit ten times over (or 5% twenty times) is not a serious option.
Poor investor, the market is ruthless it was a great RNS but I don't think many sold for a profit this morning. I expect the shareprice to be volatile all the way to the results.
I do think we're in for good results but it's high risk. Punt now build a position after a positive outcome.
Amazing how quickly people forget the company raised funds in November.
The problem with this company is mainly down to the CEO and the fact Kilimapesa grades are too inconsistent to become viable.
A lot of people didn't like him but Jason Brewer a 'flash Harry' director here, sold out around 1.2p+ area and started MARU.
,
Within the time frame of him starting MARU and now, the SP here has dropped over 80% and his company is around 700% up.
I think that tells its own story but keep on believing...
Targeting two major fault zones and the Karoo Group
More bang for your buck, I fancy they'll have a commercial discovery and they're testing and drilling at the same time, news could come sooner than expected.
Good luck those invested here