The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
How nice it is filtering people who are pointless, let’s see if they can honestly give us anything useful this week, can’t see how I can set the bar any lower….
What are you prattling on about, I have every right to call out the company I have heavily invested in when they are failing so miserably…kindly go away and haunt someone else
Thanks I didn’t see that Rns for some reason….maybe another Rns saying by end of week lol
And further to safety’s dreams, if they win the Euro lotto will be even better….
So can safely say that their end of last week finance agreement has been missed and the proactive link sent by Tro saying early this week also missed (not sure where they got that from). Point remains, no one forced the company to make that statement and given the complexities and that Mr and Mrs C#£k up have permanent reservations at Wres, why the @#£& did they need to make such a statement. Once again, would it not have been more sensible to say that in the coming weeks they will conclude financing. Now it gives the optics that their is a problem getting financing . Seriously Ladies and Gents, this is the low grade bad management which makes people want to scream
But that's my point, they say they are sorting funding this week, yes it can be anytime until Friday evening but wouldn't it have been better to have said the coming weeks rather than creating this burning platform. We all know financing isn't done overnight and given the s@&t pie Wres has become it will take time.
They create an artificial burning platform in the form of a half promise of funding by the end of the week when they could just as easily have said in the coming weeks we are hopeful of additional funding.
A kid in primary school is taught the basic lesson that continuous promises and aspirations which are not met is not a good thing but just feeds into the narrative of an amateurish leadership who couldn't arrange a social gathering in a drinking establishment ...
Safety, I love your eternal optimism and could well imagine how you would be on the deck of the titanic after it hit the iceberg…but I beg to differ about your view on constant senior interference, there appears to be none that is proactive and reflecting proper management at present and therein lies the problem.
Also If this was a football match the derampers would be winning 39-0 against the rampers on their forecast and predictions, just saying….
Yes a miracle may occur but reality is between the placements and debt some will be lucky to see their initial investment back in the next 5 years and others will just have smaller losses.
Btw, whatever happened to Regua I wonder or have they just given up on that as they don’t have a pot to ….
As for icd, they put in the money before the new rounds of cluster f@#£s that happened later in jan and in Feb… I doubt they are best pleased at present.
And whilst I am at it, if after paying for two dams to fix the flooding problem, rain can cause such severe disruption what chance do we realistically have keeping the mine going in the long run….
The list of things that went wrong and they admitted to in this last RNS is mortifying…
Bet you wouldn’t want to be out of these shares this weekend ;)
Safety..on our long fall down to this price can you take a moment and think how many times you and a few others have said this…perhaps it’s time to stop and smell the roses.
Previously I was furious at MM and the management but believed it would come through in the end…now I am genuinely concerned if it will make it in the coming days and months.
So many factors have gone spectacularly wrong. Any other business would have fire the chairman/ceo by now as MM continuously overseas the same problems and doesn’t resolve them.
So who wants to bet they will give a funding update by cob tomorrow…
How many times have we heard of improvements….
Historically was supposed to be market rate by your new shareholder/offtaker has no doubt got a good discount
Only good if production sorted…otherwise not so good….
If you want balanced and positive perhaps links to pictures of unicorns and Santa, same relevance and accuracy to reflect where we are today. Also agree about the throwaway comments like third lowest anything, I doubt very much that is still the case and I see no evidence to support it as of now. Like someone keeping on harping on about the British empire and giving us links to when there was one.
There are unsubstantiated negative posts here and should be challenged. When the posts are the reality then the fact that they are negative should not exclude them from being made.
I know they are working on bring out the Q4 results but even the fact that they could not be bothered to acknowledge that's there is a delay and apologies for it and give us an indication of when it will be released shows the contempt they hold shareholders in!
Well put and people putting up outdated links are just trying to put lipstick on this pig of a company. I am furious with MM because once again he gave a commitment and within weeks failed to honour it. He is a definition of failure on this project.
Asking for a friend Franny...is one not permitted to call out the management of the company for its multitude of failings including the very basic announcement of numbers you have already referred to in your year end numbers and after you have given a commitment to provide those numbers by the end of January?
So unless you want to repeatedly provide outdated links and say pointless, supposedly positive things then that is acceptable but heaven forbide if you wish to state facts in relation to the company's repeated failings.....
Again asking for a friend....
In relation to ICD it is disingenuous because we all know they will have extracted their pound of flesh in the form of discounts in how much they will be paying for their tungsten going forward but there is no transparency so we don’t know how much or for how long. The net effect will be they gave us the money up front at a far bigger discount and net equivalent will not have been a 20% premium but a x% discount.
As for MM and Crux, they have warrants that they have 2 years to exercise ( believe crux is 2 years but can’t be bothered to find the RNS) so they potentially have a huge upside. Once again MM had no real choice as he is heavily invested and under his stewardship a lot of bad decisions have occurred so he figures he needs to put the money in so he saves his investment in the company. I agree it should be a good sign that he believes in the company but how many times has he done it and then f#£k#d up the delivery. Not sure how much longer he can do that.
Perhaps, just perhaps, if Mrs MM slapped him up side the head and told him to stop over promising and under delivering (how many times have we said this, example is his announcement of production for September which turned out to be false) and for heavens sake stop promising announcements and not meeting your commitment (said we would have an update before year end…said Q4 results out before end of Jan to name but a couple) then investors could stop seeing him as a joke. And pls don’t say perhaps he is waiting for some additional news before announcing Q4 results…Q4 results in any well run or even average company should be a stand alone announcement, not one you tack on the first month of the following Quarter too, if you have other news then great share it at the same time but no excuse to hold up Q4 results hoping for other news.
We clearly had no choice but please don’t put a Cherry on top of a pile,of sh@# and make out it’s a chocolate cake….
Wonder what a chart in Feb 2022 will look like compared to a chart from June 2019…just asking…
But. I condemnation of MM for once again not delivering on a commitment
Yet again MM lied to us. He said in early Jan that we would have Q4 numbers by end of Jan. Bear in mind that this data was not going to change and he promised to deliver it yet here we are….he never learns
And MM has watche done too many reality tv showers and leaving his grand reveal for the last possible day on Monday…but this is Wres so could be Tuesday, Wednesday, Thursday or Friday…basically any day ending in y…. But feel free to argue about Bill of Laden whilst we wait, or post pointless historic links