The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Obviously world markets always react like this to any global issues but after the initial knee jerk drop they usually recover to some extent at least. This constant downward slide is just painful, I sadly doubt the 27% rns will do much to put the brakes on. Be very glad to be wrong or persuaded otherwise
Can't help feeling that had they sold just enough EMH to raise the funds needed for the 27% and at a later date done a placing to raise further project funds, it would have been at a much higher SP and we would not be in the teens now. Either the BOD are the worst businessmen ever or its not that simple and there is some reason why it couldn't be done that way, it would be nice to know. It will come good eventually but not everyone has the luxury of time. In the meantime a couple of positive RNSs wouldn't do any harm
Cheers all, some helpful some not lol Don't want to clog this BB up with my personal problems, I'll certainly do some ringing around. Jupiter, I was a bit surprised Barclays went for the delay but as long as I was still covering the interest they were OK, in October I foolishly said end of January would give me plenty of time, little did I know what was about to unfold :(
Frogster, I've not looked into alternatives as I've been waiting for the 20% re-rate and convinced the bank to wait till we got the news, what a fool I feel !! Still reeling from the complete misfire to be honest. Best get my research fingers working super quick. All the bank offered was a short term repayment which would have crippling payments. Any suggestions very welcome :)
My simplistic and probably wrong understanding of the need/reason for a re-rate is a companies value substantially changes due to an event such as a takeover/buyout/transformational deal. Trading is often suspended while the MMs do whatever they do and trading resumes at a higher price. Obviously the placings have had a huge impact here but it appears that owning 20% of a business valued in 10 digits is not worthy of a re-rate ????
Y11, not quite what I meant lol I totally agree with you
regarding the many excellent "humans" who regularly contribute on this BB but could you all please stop responding to her/him, it's clearly not working albeit quite amusing at a fairly miserable time.
I don't have the luxury of waiting as I have to clear my mortgage this month and will have to sell a good proportion of my investment here. Yes I'm p****d off as most people on here are but that's life and my problem, I'm sucking it up and taking it out on the Mrs cos she's got no choice lol
I thankfully used the filter facility some weeks back so I've been spared the apparent rants above. Most of us were p****d off when the placing was announced and many of us have thought it through for ourselves and can see the probable very profitable reason for it. You're posts have always been needy hence use of filter option but please spare this BB your pointless venting. If you need your hand held try a human being and spare us shareholders, it's not helpful.