The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Its clear that the strategy is a JV or Sale to a large CRMC, the last RNS on the CS Project pretty much spelled that out. For all we know they are finalising an agreement right now and an RNS to tell us that is days away. Alternatively that deal could still take months or beyond.
I do think thats why we aren't seeing endless updates at this stage. No matter how useless you think PC is at the moment I am sure he would have cracked on with low cost mining and secured a few off takes, even if just small ones, if there wasn't a larger deal in the offing.
This is the problem with shares like this, nothing at all happens until it does and when thats combined with years of nothing happening before that then investors like us get very impatient.
More than a month since the last RNS, almost two and a half months since the last RNS about the CS Project.
He had better be at very advanced stages of discussions.
If you want a really small play thats potentially about to jump I would suggest sres.
£8m mcap and they have a fully permitted mine in Nevada for unsexy products that are industrial minerals but in conversation with a large Cement company about a JV/Sale. More than £1bn retail price of product on the site so far and its all surface mining.
As I say its mnpt sexy stuff but with a tiny mcap it will jump as soon as the first deals are made which could be any day now.
Maybe he could just say he is going to sell up, claim to be in the process of doing so and then reveal it was all just a hilarious jape.
and then do the same again a few months later.
and then do it again a few months after that.
That would be funny wouldn't it Safe ......