The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think it's fair to question the assumptions made in the hydrogeological model that arrived at the initially applied for discharge / abstraction rate. I accept it's difficult to model, however I'd be interested to know if any hydrogeological tests were done when the nearby boreholes were sunk .
I remain concerned at the boards tendency to prefer private dealings with public bodies. It is quite correct that shareholders should scrutinise the actions if the board, who are elected by them. To suppress this information creates mistrust.
Benchmark
from PEA ... After-tax NPV8 of US$179M with IRR of 26.7%.
https://masterinvestor.co.uk/latest/how-to-value-junior-mining-stocks/
"NPVs and IRRs are therefore two completely different measures which are not correlated in any way, and the size of the respective numbers is, likewise, no guide to the real level of profitability on which lenders (and new shareholders) can rely for security. For a good mining project the IRR needs to be at least 30-40% and some are much higher, but others are closer to the 20% which, in my view, indicates an only marginally attractive project – unless for a solid business with guaranteed offtake and prices, like energy generation (but, again, depending on other factors in the equation)."
I believe funding and possibly funding from an offtake partner would be the biggest motivation for share price rerate
I'm very disappointed that the VOX market format. GF should welcome the opportunity to be scrutinised with questions for which he has no prior knowledge of, which, I thought is what had been agreed upon. This does cast some doubts I must say.
@Turbot
I've seen this before with another company.
Positive news flow was expected (but not guaranteed)
SP did not reflect the potential uplift.
SP doubled (before the PI option could be executed but after closure date)
Those who took the broker option sat quite pretty, within weeks
Whereas I don't applaud the trend of creeping mercantilism displacing free global trade, protectionism will tend to ease the possibility of state funded finance for critical materials. That means us.
Gallium and Germanium exports are now being strictly controlled by China. Whereas this does not directly affect us, if graphite also becomes a political football then there will be even more of a squeeze on its supply.