The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
52 weeks low coming right up. AIM Punters are happy to see that. Me, I would like to see 52 weeks high being surpassed. LR, Ian Cassel said: "Microcaps are like three year old children. They can be totally unpredictable. One moment they are cuddling with you on the couch and the next minute they are trying to burn your house down. It’s why you have to watch your microcaps like you watch your small children. Closely." Sound advice I think.
Cheers ARahim. I took the day off work today to chauffeur my kids to their school trips. Horrible weather. No, I am beyond exercising my freedom to post. I note that LR posting history is recent, and that he wasn't here when I was NvS's number 1 fan, then became one of his harshest critic when long suffering PIs haven't been rewarded for over the past 8 months. None of NvS promises have come to rewarding fruition to date. Like GR, he is South African and I am getting to learn about the type of CEO that country produce. Lots of talk, but no action to keep retail PIs on side. Of course I am worried that South African CEOs are all like GR. I am giving NvS a 2nd chance and will leave when he start borrowing from his family trusts. NvS had the good sense to bring the Family Offices on board. Now he should bring a major on at the company level at 10p so we can all have a good Xmas. I am fed up of not seeing any outcome where us PIs can have a celebration.
LR, Family Offices are composed of people. People like to see that whatever they do will turn out successful. That is human nature. They will be high-fiving if the SP doubled, or more, and they will not be happy to see the SP drop to 1.5p, for example, no matter how deep their pockets are.
I'm confident that PI's who have been here for a year or more arent happy to see the SP where it is now, and are not happy to sit around for another year waiting and are so happy that they can ignore the SP. Its only on AIM have I come across PIs who are not bothered when the company they invest in SP tanks. Look at PREM, they slated everyone who complained about the performance of the SP, and ramp how good the assets are, and everyone who posted concerns were labelled as Trolls. Where are they today? PIs there are looking at 40K or more losses. If NvS dont get a move on, we could be looking at the same outcome here. After all, apart from raising and buying more of Zamsort, what gains have PI's made over the past 6-7 months? CSD we all thought would generate cash flow turned out to be a waste of money. Casa still not sold, so are those outcomes inspiring? I'll be happy to go away and ignore the SP if positive outcomes were being made. Its everyone personal call how long they wish to wait.
Not sure what town you are in Poorman, but here in West Yorkshire its wet, cloudy, with no sun in sight, but your post just gave me a good chuckle. I admire your optimism, and I look forward to having bigger worries to occupy my thoughts like where to go on holiday, what to buy for our 10th anniversary which is coming up in February. Maybe a trip to Seychelles where we had our honeymoon, and hopefully NvS can deliver something in time for the New Year. Here is hoping.
Aye Poorman, I agree that the Family Offices with their very deep pockets can indeed invest in multiple investment vehicles, not just equity. If I had their resources, I'd be doing the same thing too. But I am sure that most retail PIs can only buy what their other half will allow them to risk. My frequent update to her indoors regarding how the ARCM investment is going, isnt being received well even though I bought other shares both on LSE and on the USA markets which arent doing badly. If this continues with ARCM, I'll be spending more nights on the sofa:(
Here we go again. When will the buying opportunities end? Clearly NvS' assurance that the sellers were a small group of frustrated Casa Investors selling and that it will soon be over, doesn't appear to be the case. Are the Family Offices buying, or are they thinking, what have we gotten ourselves into?!! At any rate, ordinary PIs are left feeling the pain. There is only so much averaging down a body can do when the murky water obscure the view of the bottom.
Guys, I don't think I have been impatient. It's been over a year we have been waiting for the non-core asset sale. And that's even after NvS said it shouldn't take a year. By that token, the 6 months which he mentioned regarding Cheyeza being in a position to consider a deal with a major shouldn't be taken seriously then. It's OK to wait another year or 2 while we see no gain in the SP.
Point taken Twohits. I exaggerated regarding the price of gold. What I should have said was gold price is picking up, will get higher should the USA hit Iran, so why haven't we sold the assets as yet? Slovakia is peaceful, he had interested parties, yet no sale. Its good that we have the family offices on board, but we need some crumbs thrown at us too. We are long suffering PIs who have held, and got hit. I'd like us to be as highly regarded just as the family offices investors appear to be.
Poetic licence Twohits to emphasise a point. I didn't say gold was at an historic all time high. It is at its highest price now than it was in December 2016. Gold is doing well, so why aren't we able to sell the assets? In the May 2018 Conference Call, NvS said he didn't think it would take a year to sell the non-core assets. Over 1 year now, we are still sitting on them. Assets are only worth something when they are monetize. Just ask Blackberry what happened when they failed to monetize Blackberry Messenger.
Not long to wait now ARahim. However, I can assure you if the 1st samples assay reports indicates 0.3-0.4% CU, the market will react badly. I think NvS should be looking to report 0.6% CU or better. After a good first impression, folks will be more tolerant to variations in grades.
I also wish that he would pull his finger out and sell Casa before the civil war engulfs it.
Hence my continuing to hold ARCM even though Fulmar wish I wasnt:) I hope that NvS ensures that the first set ofCheyeza assay results are in line with soil samples ppm, and not just publish I'd the 1st set if they are not as good. Ie cherry pick the first set of results for publication or PIs will be paying the price.
I hope so Poorman. I also hope that the Family Offices will be even more demanding, and will want to see results, and not another Kalaba/CSD outcome since he is relying on them for backing to continue drilling.
Agreed, cost is a key consideration. But I am thinking institutions would start to take notice of Arc which we all feel isn't getting the attention we think it should. No income hasn't stopped Solg being on the main market, and I am sure that PIs would see the benefits. Currently, AIM is regarded negatively which might be why we aren't being noticed.
@ARahim, I have to agree with you that the Chinese are a wild card, and do not play by the rules others expect when it comes to business. I have seen what Ally Bridge did to Biocept in the USA where they used shorting to make millions from the company where they invested.
Lets hope that NvS is as smart in financial matters as some folks believe, and that he would have taken steps to prevent a TO which he hasnt communicated to the market, poison pill, or strategic share ownership where a TO cannot succeed without the consent of the strategic shareholder(s).
Sorry ARahim, "If PI are not careful they may be striped of their expected return sooner then what they expect." I am not sure I follow what you are positing here. Surely in an hostile TO, the company making the hostile move would have to make an offer to to Arc shareholders which is so enticing that we cannot refuse it? That being the case, I'm sure none of us would accept a offer which we collectively feel is well below what Arc's assets are worth if the grades, and size of the deposits are in line with the >2000ppm soil sampling expectations? Further, although there are different opinion of NvS, if he is starting to deliver for us, then again I cant see shareholders voting to replace the BOD with one more disposed to selling the assets for less than what they are truly worth. Further explanation is required regarding how an hostile TO would succeed if shareholders reject the offer made?
Jerry, I didn't slate you over ebola. I called you prophet of doom over the kalaba grades. As it turned out, you was right. Regarding cash burn, Arc was just drilling 1 target. I got the impression that he is looking to drill at least 3 targets simultaneously, as oppose to sequentially now? If he does drill 3 at the same time that could increase burn rate as more drills would be required.
The news regarding Ebola in the DRC, & now Uganda, is sure to deter potential buyers from visiting Akyanga to kick the tires before buying the asset. Hence, I predict some sort of funding raise will be necessary in the near future to continue drilling. Hopefully, NvS will carry out the fund raising at the Arc level at a premium which the 1st set of Cheyeza assay results should serve to persuade potential major investors.