The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I know this has dragged on, way past all promised dates but as has been pointed out many times already, this is complicated plus because it involves so many parties on different continents it magnifies the complexities. Good things come to those that wait, patience is a virtue, or should that be, if it seems too good to be true ......... ? Selling due to boredom is an investment strategy I was unaware of :)
I suspect some LTH will take a long awaited profit and leave once the news lands and we take off, however, for those that do stick around, the next 18-24 months could be the most interesting since REM/KDNC first formed. Hopefully, with regular updates as the re-commisioning processes and studies are completed will each cause the market to sit up and take notice. It would be naive to think it will be plain sailing but it should be a heck of a ride. I made a small profit on a share when I sold at £1.80 to buy into REM, that share was around £25 last time I looked, I won't be making that mistake again.
Sell enough to clear my mortgage then enjoy the ride. I'd love to sell at the top and buy back when it drops but there's no secret formula for this one, instinct, share knowledge or just pure luck I guess.
Let's not forget that the "first right of refusal" to take a 49% stake in Amapa is only on the cards, "Should Indo Sino seek further investors or an investment in the JV Co". Unlike the 20%/27% options which are a given once certain criteria are met. Without access to a crystal ball, the chances of KDNC progressing to 49% ownership can only be guesswork at best. I guess it depends if you're ramping or de-ramping this share if you're prepared to say one way or the other. More than happy to be persuaded that we are heading for 49% ownership by the more informed posters on here should you feel inclined.