The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
British Mike.. there are a number of very simple tests to determine whether the substance is iron pyrites (fools gold) or the real McCoy. For example you can hit it with a hammer and it shatters whereas gold doesn’t.. rub it and it marks your fingers whereas gold doesn’t.. look at it fools gold glistens gold shines hence the saying you might have heard of..
There are others and of course more sophisticated tests that the on-site geologists might perform.
Doesn’t necessarily mean it is a major discovery just yet but I think we can be certain it is not fools gold
GLA
Oracle makes a good point that store managers need to up their game. My sister went into a store in Sheffield last week. Couldn’t spot what she was looking for on the shelf so went to the counter to ask and spotted the item which was some type of mint chocolate behind them. They handed her a box and said they had just not had chance to put it out. She asked if there was plenty of date as it was a gift. The manager said yes, but she checked and the date was up in August. Obviously she walked out. Similarly she has tried to purchase lip balm in Sheffield only to be told they don’t stock it “go to Meadowhall or try online”. Ultimately this is down to Angus and personally I am not happy with his performance over the last 3 years that I have been a shareholder.. his communication is non existent. I do agree that Monday night’s program was the best I have seen
I have just viewed my T212 statement for July and am pleased to say the short appears to have closed. Last month 12% of shares were on loan for shorting purposes. This is now showing as nil.
Please correct me if I am wrong but I seem to recall a similar announcement on visual results by greatland gold at Havieron in advance of the assays and we all know how that turned out so far. Just saying! They must be pretty confident of what they have to jump the gun on assays. Exciting time. GLA
I have just viewed my T212 statement for July and am pleased to say that for the first time since September last year no shares are on loan. Last month 30% of Ggp shares held by investors in T212 accounts were on loan so this is a big step in the right direction
I wrote to Martin by email 2 weeks ago using the email address shown on the website. I have had no response and the email has not even been acknowledged. The email address given on the website is info&echoenergy. Does anyone have another email address for Martin? Or has anyone successfully had a reply using the email given?
Even in view of recent events I have just submitted my vote and have voted against re electing Sam. He is a poor leader, fails to communicate and is way overpaid at almost £300k a year. The latest report still sees us looking at FID in “2023 or perhaps 2024!!”. This is ridiculous. It shows no sense of urgency, which it should do in view of the current supply crisis caused by the Russian invasion of Ukraine. It also means that Moody will have guaranteed himself a further 1 million in salary (note he has a 12 month notice period so even if shareholders pushed him in 2024 he would help himself to a further cool £300k).
He is no longer needed he can be replaced by someone from Navitas or indeed anyone. As I said my vote is submitted and I hope others will follow suit. We have talked about removing him for long enough. Now is the time to act.
A few months ago I received through the post an unsolicited letter asking me via my shareholding to lend support to the “echoinvestor “ share group. I didn’t initially respond as although agreed with what was contained in the letter I was concerned it may not be bona fide. I therefore awaited further information and in the meantime I wrote directly to Martin Hull raising a number of questions. So far I have had no reply from Martin. More worrying is I emailed the echoinvestors group at the email given but had no reply from that either. Perhaps one of the group, if they are real, would care to explain whether it the group is still extant or disbanded?
Fair points dimi. I think anons reasoning will be put to bed on the next trading update which is due shortly and will cover the lucrative Easter period. The short might not be high, obviously less than .5% given it has not been disclosed but anon fails to realise this is a highly illiquid stock with only 137 million shares in issue. Relatively Small trades one way or another drive the dial significantly hence a small short actually has a more significant impact
It appears that a short has been taken out which probably accounts for the otherwise inexplicable recent fall in the share price. My trading account for April shows that 13% of my shareholding has been loaned out to work against me. It really is an obscene practice which should be outlawed.
Just looked at the short positions at the top of the page and notice that both open shorts have been removed, presumably as have gone under .5%. Does this mean Jupiter and the other will be purchasing 2 million plus shares in the coming days and weeks? Does anyone have any more accurate information?
Gozo, many thanks for posting Martin’s comprehensive reply. Much of this was news to me, particularly around the new reasons in the delay in testing campo. I think that much of this should have been conveyed by RNS at the time. It would be interesting to know in hindsight which would have had a bigger negative impact on the share price. His deadly silence which has impacted so heavily on the downward spiral on the share price or the news! Going forward I hope he has learned from his mistakes and naivety in negotiating new contracts. It is no use negotiating a future contract at today’s gas price if it is going to be 50% higher in 6 months. He needs a clause to safeguard the company.
It is clear that he never learns with regard to communication and it is imperative that going forward he must be forced to communicate more regularly with shareholders. My suggestion would be 3/4 times a year by way of a live q&a.
I will now consider whether to lend my support to the echoinvestor group in respect of my shareholding but may just give him another 3 months. There has to be improvements though.
GLA