The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Nettles,
I'm relatively new to actively share trading etc and as you are a cat of immense pedigree and unending knowledge, if you're faced with a very good weighted average (59p) but the share price starts to drop, do you take your profits before the drop and buy in lower if you can thereby sacrificing your weighted average or do you stay in and wait for the stock to recover?
I just remember reading Buffet's 'First rule is...'
"Rukwa hosts independently verified (SRK-2019) Best-Estimate Unrisked Prospective Recoverable Helium Resource (2U/P50) of 138 billion cubic feet (Bcf), making this the largest known primary helium resource in the world."
Has this changed at all since it was published in 2021?
RNS dated 5th January 2023:
"The Western Milling LLC joint venture is making good progress and a meeting is scheduled with the regulatory authority NDEP (Nevada Department of Environmental Protection) in mid-January to review plans and incorporate any modifications required by the NDEP to facilitate consent for precious metals production start-up. Production can only commence after receipt of a NDEP permit but construction can begin prior to consent. The aim of the review meeting with NDEP is to give the joint venture the confidence to start construction. Subject to weather conditions, groundwork will begin with first concrete poured at the end of February."
Western MIlling LLC: "We use our expertise, operational efficiency and unique vertical integration to deliver customized animal, people and plant nutrition resources."
Nowhere on their site of in the parent company (Viserion - https://www.viserion.co/) do they mention anything to do with mineral extraction, precious metals or mining. Their business is concerned with "grain" production and milling operations.
Permit wait is now over 12 months. I struggle to see what value a grain company could add to a mineral exploration and extraction company.
It is now April 2024.
Some would say it looks fraudulent but I couldn't possibly comment.
To me it appears they drill a lot of holes, do a lot of analysis, prep the market before their annual results and then ask for more money - without offering any substance whatsoever. The permits they use every year as 'the delay'...
Maybe I'm wrong and I am happy to be proved otherwise...
That's all I've gleaned from their RNS' since 2016.
Is it being pushed down this week because they know Friday is a going to be a good news day?
https://www.gov.uk/cma-cases/vodafone-slash-ck-hutchison-jv-merger-inquiry
If Noble and HE1 are both pulling from the same basin, it would it not make sense for a bigger player to come in and buy both...
Her lack of enthusiasm is stark compared to the previous video.
No discovery.
And what does 'concept ' mean when compared to 'transformational'.
I thought this video was weak and lacking clarity.
I'm trying to see what this company has to offer...their initial revenue is to proposed to come from processing old debris?
And hope to have a copper find but that's to be evaluated as it is inferred and indicated but not measured?
There's been no real progress since 2022 except for waiting on a permit?
So where is the substantial value proposition?