The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I really don’t like to add pointless posts with no real value at all but I just needed to....in between dipping my biscotti biscuit into my morning coffee say thank you sellers for allowing to sweep up your shares on the cheap this morning. Sniddy comment I know but can’t help it!
I’m still feeling positive towards Prem here. The only question I have is : Why last week did GR say there were deals to be done pending the EPO? If that was the case then surely when the EPO landed one of the deals would have been signed off. When we apply for mortgages we get a letter of intent pending a credit check or information - once that’s sent to the bank then the original offer goes ahead. This is what GR stated. Can’t see why he’d mention a deal last week pending an EPO and then say no deal. Surely a partner wouldn’t say ‘Here’s a deal George, get that EPO and we are good to go’. Then, ‘Thanks George you got the EPO, but actually we want to change some of the conditions of our deal’. I’m being optimistic and saying that this is simply a poorly written RNS full of greyness. Seen them before.
Investing is an informed choice but it is still gambling. Investing is putting money into an enterprise that one knows the full ins and outs of with clearly defined exit strategies. I bought a business in 2008 using someone elses money which lasted a year and failed. The seller basically stole all my customers behind my back trading through a different name. After an emotional final meeting with the investor the last thing my investor said to me before we parted ways was 'It was a gamble for me anyway'. It was a gamble for him because he did not know the full ins and out of what I was trying to achieve nor did he understand my business. Appreciate that this is very stressful for many people and Ive been there on other shares and learned my lesson. The dips are not enjoyable for sure.
Its clear there are a lot of people on the board gambling with money they cannot afford to lose. Its these people who are easy targets and are now selling. So....Im betting (actually written this down so I dont forget and can call myself out on it if im wrong) this RNS has evidently beaten the SP down today as everyone focuses on the 'potential' risk of losing money. At the end of the month there will be positive news and the SP will be flying up again. Personally I have panic sold far too many times in the past on AIM and missed the retirement pay day due to knee jerks. I wont be doing it on this. If this gets to 0.18 I will buying more.
...knows how the talks are going, what the next steps that GR is taking and timescales involved. So we cannot focus on the unknown and get wound up by the dips. The dips are not created solely by the MMs - but also the buyers of this share! Focus on the fundamentals which are GREAT NEWS with the EPO which increases the potential of Premier, massive lithium proven site, lithium is the next gold rush (plus theres GOLD). The world is in high demand for Lithium. So much POSITIVE news getting sidelined by a few dips here and there.
Not just Prem. Many stocks down today. Personally would have preferred a dip to around the 0.21 mark to enable more loading up during that brief nosedive earlier. That in itself contradicts the annoyance I have towards the MMs! Dislike them one minute, thankful the next! Just like pet insurance!
No one should be worrying or selling IMO this morning. Remember the MMs need to make the market. In order to do that they read these boards (hello you numpties if your reading this!) and move the prices around to enable people to buy and sell and to fill big orders. Orders for which they get a cut out of. HOLD FOR GOLD
Short term investors always get spooked by technical factors and market sentiment dips. In my view the fundamentals are the most important thing here and its fundamentals that will blow this SP right up.
Massive ZULU Mine - CHECK
EPO granted and hold huge value - CHECK
Lithium in huge demand - Check
CEO has come out and told the market to hold the line as he has big news coming - CHECK
Look up on Google Earth the sheer size of this area.
MAIN THING - CEO has come out and said the deals are lined up waiting to get signed.
EUA share price went from £4 to £2 in a week and then later went to £35. Imagine wetting the bed on that first dip!
The de-rampers will be back. Purely as they will have an opportunity to come back. Most SPs slow down or drop a bit during the feasibility stages which is normal. Its at this point the de-rampers jump onboard and talk the share down. Once they are tired doing that it usually coincides with the development stage which is when the SP rockets up way beyond where we are now. Then the de-rampers phuuck off to another share.