The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Is discipline in optics, reporting. Amazing how many dismiss consist reporting as an irrelevance, it’s a sign of slap dash management, a well run company should be able to produce quarterly numbers for the market within a day or two for each quarter. When it is unable to it’s a sign of bad management. This is not an exploration company, it is in full production and those apologizing, excusing or saying they don’t care have clearly not worked in properly run companies.
It is a sign of lack of professionalism that they are unable to do it. End of the day what they are doing is not rocket science and as they only have to report for one company and we now have a full time FD there is no excuse to be 5 days late. How hard is it to count the bags that have been produced…
They slip into old bad habits, last two quarters they for gave us the numbers on the 14th and 15th…given the past performance, or lack thereof, what we need is consistency in both production numbers and reporting calendars so as to avoid suspicion of anything going wrong. I still have no faith in what MM says in interviews as he is more political than ceo ( so only interested in actual delivery backed up by numbers) and now we lost Pablo it’s imperative they don’t mess up optics by delaying reporting.
Q2 was. 15th July, Q1 was 14th April, why do you feel they are feeling they are being withheld. I was disappointed that Pablo couldn’t have held out for a few more days as would have been better optics if he resigned after a solid quarter but there are RNS declaration requirements. As usual was underwhelmed by MM’s presentation which was usual was full of froth but guess he had to say something.
Reality is the numbers that should be announced by the end of the week. If they are good am hoping for higher than 8p this time next week.
Agree with most of what you say but suspect Regua may end up in 2022.
Sorry my last message is gibberish as I was doing it by dictation and accidentally clicked send. Pls ignore as it makes no sense as a lot of amendments were required.
This is the baby down to the usual sloppy INS presentation. The reason it is I don’t understand the basis of them deeming a value for the shares that we shoot. From a companies perspective they would not be able to take a deduction for the dime value when they calculating the corporate tax. From his personal tax perspective deemed value has no merit when calculating his taxes. Say it exactly why did they feel the need to put a dime value on it. I suspect was happening is that he has bought 350,000 attempting to share. That’s more consistent with the need to indicate what team value is as it has been a new pair into the current share price
As we are in silly season. Entertaining to hear opinions on both sides that are honestly pointless (other than actual price of tin and tungsten) beyond trying to keep each other honest. As for the rude ones, I have no time for them and the outlandish ones provide mild entertainment.
Have decided only delivery matters, july they appeared on the right path to deliver what they said they would. I would be surprised if there is such a detailed RNS for September but they hopefully announce going to 24/7.
We have suffered so much bad luck and wrong decisions over the years that some of us are punch drunk now, but I sincerely hope they are unable to make too many more wrong decisions and our luck has changed from bad to neutral.
We still going to be abused on the finance part for a bit longer but the basics are we have lots of tungsten and tin, we have customers who want it and the price is good. We just have to get as much of it out the ground as quickly as possible.
Oh well that’s me messaging so the nice people here know am alive and still suffering alongside them.
If by tomorrow you mean today, Tuesday 24th August it is sunny and warm today with some occasional clouds….
In the spirit of the last 5 years+ on this board a, glad to see that people can’t even agree on where the car park is lol
Thank you
For a more balanced view, he isn’t a saint and as is shown by the lack of video giving answers to the AGM questions ….it is hit and miss.
Many thanks, fear only 3 solid quarters will remove these Michaels…..
Given that floods messed up production, the impending heat wave of 47+ in Spain…..will they have to stop working then too, or do the facilities have air condition for the workers, I know. There aren’t that many of them but I wouldn’t want them suffering
Haven’t said much for a while as there wasn’t much to say. The update felt like the first time that they delivered on a prediction of an improvement in a long time but I am fairly certain they promised video answers to questions from the AGM, I haven’t seen them or have they not bothered?
The reason I am messaging now is Jaf’s message just gives snap shots of sp. not the whole story and where they have finally derisked most of what has gone wrong. Putting emotions aside, a new investor at this price would look at this company completely differently that us poor folk who have been well and truly ravaged and savaged by a combination of acts of god, incompetent vendors, bad management decisions (and there have been a few), terrible PR and financial institutions (who still haven’t quite finished with us).
If I was to do it again I would have waited till now and bought in rather than be sitting on my large average and hemorrhoids (that I call Michael in honor of the person who gave them to me), but each their own.
Positive RNS…. Good to see they intend another announcement in August and overall happy. As always with this company am weary of disappointing news in the form of funding but that’s ok as long as we are heading in the right direction.
We get the numbers for Q2 by the end of this week. The fact that we had to pay the vendor with shares is still a nagging concern and whilst even the supporters are making it clear that the production numbers may not be that pretty, it is worry that after the huge dilution we were still short of cash.
It goes back to the old concern, this company is in production and should be doing more to communicate and publicize the turnaround. I am not talking about RNS but about using social media more effectively, whether it be Twitter or other platforms. Whilst there are only so many pictures and videos you can put up, we have had very few. Interviews are fewer than they used to be. Just engagement on a more frequent basis, and I am not talking about full blown Q&A with investors (though some investors clearly miffed that when they asked about any future dilution they felt mislead as they asked about future placing and told no when they meant dilution, which did occur when the vendor was paid in shares).
Also good to hear when we are getting the Video answers we were promised 2 weeks ago in the RNS, though suspect they are holding out till the Q2 numbers are finalized.
Preemption rights… GIT, Safety, Tro and anyone else who isn’t a doomsday merchant, any thoughts why?
What worries me is why they couldn't pay the vendor cash as at this sp it led to a big dilution, relative to where the sp should be by Feb 2022. You would only do something like that if there was a cash flow issue and given the huge dilution we just did to raise funds it leaves a valid and disturbing question (also because they said they didn't plan any more placing, which if they must have known meant dilution).
It is when they say they don’t plan to dilute and then turn around and pay a creditor with shares. Market rightly concerned as to what is going wrong as so many things have ( without attributing blame, just stating a fact). This quarter is a right off, next quarter is critical, end of Q4 will tell us if we will survive.
To paraphrase Churchill, Tact is the ability to tell someone to go to hell and have them look forward to the trip.
GIT, you have certainly mastered the art of tact.
The devil is in the detail but these are Symantec's. It was clear what was meant when the question was asked, it would be disingenuous if they knew they planned to do this at the time. Yes, no one invested wants this to go under but their behavior simply does not help.
It gives the impression that either they can't count or they are liars or that we have ended up with problems that were unexpected. Whichever way, it does not help our sp.