The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
because if you have bought a chunk of shares at 6p when the market price was 7p you might decide to cut and run at 5.5p to exploit other opportunities elsewhere. it depends if your attitude is short or long. The MM will often take the sp down below the placing price simply to encourage placees to accept a short term loss to free up their capital for what they perceive to be other better opportunities elsewhere.
y/e 2/21 output of 483T of 65% concentrate. 2022q1 output 183T, 730T annualised.
tin prices and tin demand at record levels.
SA mines written off to focus on Namibia.
BS strengthened by post y/e capital raise and loan notes extinguished.
Tantalum and lithium being fastracked, growth in tin production progressing.
profitability will improve as production grows and impact of higher prices continues.
very happy with these accounts.
look at the state of those 11500 trades. talk about painting the tape.
well thats the rns delivered and its contents were entirely predictable if you saw the recent FM interview, and/or had understood what effect on the numbers the 35 day shutdown would have. Whilst BMN isnt exactly Reuters, at least now they are mining and selling more product at higher trending prices into an improving world market.
price pressure to try to get the 6p placees to give em up. once the MM realise the placing shares have dried up, they may let it go to 7p or so to encourage the remaining placees to take the quick profit. once that supply dries up off we go IMO