The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Agree SAV are deserving of criticism and every investor has the right to call it whatever way they see it, but imo letting it cloud good news and seeing every RNS as a negative speaks more of yourself and your intentions than it does of SAV. Getting 100% control of the asset is good news going forward for any future off take deals or funding imo.
Get where you are coming from Thelix, but Moz being slow doesn't stop it from being a world class asset. Oman was never a huge asset, it was touted as highly profitable but never world class. Will that ever get over the line ? Personally I'm beyond caring. Portugal shaping up nicely I think everyone can agree but with the slow pace of the other 2 assets and the constantly missed deadlines, being sceptical is understandable.
Alara have completed their funding in Oman ... which is a fair bit over their pre production capex.. for a project that’s 55mil they’ve got 90mil which is around 20-25mil sterling extra for exclusive use by their Omani mining partner ‘Al Hadeetha may also utilise the investment funds to develop other projects as mutually agreed’ When you take into account they took another 10mil in last 3 months for 20% of their ownership, You could question why they’d do that on such an average project. Always thought alara would be interested in our deposits but never had the ££
IMO Sav have changed direction with this asset, at the beginning it was all guns blazing get the DFS out as quickly as we can, first movers, prove up as we go along, Alutra etc etc. That then switched to LOM, the all guns blazing approach get DFS out asap to me is a "oh look at us approach" The shift now to LOM and the push back of DFS to include as much as possible to maximise the LOM with the contininung high grade low impurity of the asset looks to me as if we are ticking someone else's boxes. For DA to change direction as he has with this asset we have a big/notable player in the mix who is telling SAV what they want/need imo
https://twitter.com/SavannahRes/status/1006430057102041088?s=19