The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
In the old adage of "follow the money" ...
Uk billionaire and precious metals visionary now owns over £10 million of shares.
They have just been permitted all licences and are starting to build on site ready to mine soon.
Don't miss out
This is very painful but jt is supply and demand forces on a market made stock. A sell order needs to be filled and therefore buyers need to be found. This will continue until we have some decent news that attracts the buys or the sell order is filled.
If you belive the story then close your eyes and wait for the RTIT smelter news, additional offtake agreement, project funding or all three!
Obviously a rather large on market sell order to fill ..
You would think a TR1 woukd be in order but there is an awful ot of stock seemingly held through other vehicles such as CFDs that can adversely effect the price I guess.
The only news that'll move this stock significantly relates to disco and the offtake/smelting and project funding.
Let's face facts. A junior mining company with no revenues shovelling up sand in Greenland was always going to be volatile.
Its about time-in and and not timing with this one if you want to make hay.
I am concerned RTIT are taking so long to smelt if the resource and opportunity was so substantial.
We haven't heard anything from our new CEO yes either which is mystifying considering a 30% fall in share price.
Still here. Licking wounds as I bought in at over 5.50p. Got shafted by over promised bio plastic sales and an awful placing but seems to be on the up now and bio plastics selling better at long last.
Here is hoping for a better 2021
Probably means its still a buy! Lol
Funny thing is that we are only really back to highs recently set despite the all the good news flow. Hopefully this will get above and hold £1 for a new trading range as the company does appear undervalued still.
Will be great to see an update on facemask sales and hope to see some traction on the tarmac front (pardon the pun)
Having held for several years its great to see the company finally recognised as having a superior product
Also planned capex next year is basically the equivalent to netback so far this year. Will be very little cash put onto the balance sheet...
Glad I'm out now.
Bought boohoo with the proceeds and have made 15% back already.
"without any fundraising being needed"
that is incorrect. The company will still need to raise capital through additional offtake agreements and other forms of financing as they confirmed in their RNS last week - "subject to financing"
Totally sold out here now through shear frustration. My worst investment ever and feel quire aggrieved that I bought into the total hype spun off by Paul Welch.
Not convinced they have the market required to grow their revenues in Morocco or Egypt.
Best of luck to all you keeping the faith. If they start adding cash to the balance sheet as they have threatened to do then I may reconsider.
Any increased cash generation will be burned on CAPEX and drills next year so I can't see what will drive this forward apart from significant drill success.