The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No Stephen - I think everyone gets this is game-changing technology. No doubt!
Its just not everybody gets that it won't be the shareholders who enjoy the benefit or upside. Existing SH's pay for the development and another business gets to enjoy the commercialisation.
Jimi is like the Knight from Monty Pythons Holy Grail. Just a torso with no arms or legs still wanting a fight!:-::::-)
The killer for me is "it is seeking to divest in a way that maximises shareholder value". the smoke and mirrors here is that they now can't rely on AVA6000 not cos it doesn't work but because commercialising it will take years and all their eggs is in one basket. The trouble is there won't be a buyer anytime, as you'll just wait until the money gets spent, let Avacta do the donkey work and then pick this up for less when its further along the curve. Next year they'll go to a Riverfort or someone for a death spiral finance deal to try and get it over the line. Either way we know a) nothing is going to happen (aka commercialisation) this year or next. and b) they will need more cash before anything substantive happens. this is dead and no I'm not shorting, its just based on my own painful experience. Mark my words this will very slowly ebb away into single figures. We've paid for the management teams salaries and that is it.
They were looking at getting the placement away at that level!!! Might have seen more management money at that point. All the good news will come when they need more cash in 18 months time. This aint going nowhere and there are better opportunities elsewhere. Sell.
You flippin loony!!! 2 years hahaha!!! double it minimum. This is a promising and yet highly speculative long term investment that will be traded like crazy. Not all such projects work out be warned.
What??I'm despicable for what exactly? I didn't make you invest your money and play the pied piper encouraging others to jump off the cliff with you. Take responsibility. Nothing in my post was personal and you infer that I take pleasure in posting. What I am saying is that 10 or 20% of what you put in is better than 0%. Sorry if you think this is somehow going to turnaround when it ain't. Of course I full expect you to attack that comment as well on the basis that I don't know sh7t and are the "worst kind" followed by some niaive and spurious rubbish and projecture about sitting tight etc. Some people won't be told.
I remember all the rampers a couple of years back. They seem quiet after spaffing 90,% up wall. Still can lose 100% from here though. No value can be assigned to this crock.
What gives you the right to call people clowns or any slur just cos they have an opinion different to yours or see things from another perspective. I think you should take a deep breath chsnge your attitude apologise and approach your contributing with a different mindset. Its unnecessary and unpleasant.
The only buying is from existing holders trying to average down in the hope of a bounce and an escape route. Even if there is any good news it will be shortlived and hard to get out. Nothing game changing here going to happen as the business can't reach a point where it'll wash its face anytime soon.
Fair comment Blubay/Wimbledon. Appreciate Magafuli snuffed it and the latest govt more realistic and less authoritarian so hopefully no fat fingers get in the way of the HE1 pie!!!:-))
You hit on the main theme here in my head ShipWreck. Everyone banging on about flowrates when actually its all about the deal with the Tanzanian Govt. They are authoritarian and tried stealing Acacia Mining a few years back under John Magafuli. its the same political party and that is the main obstacle. Look at Ghana and other African countries and they are expert at getting in the way of themselves! If there is a rich prize here to be had, you can bet your ass it'll make the Govt think about any existing commercial terms. Whatever framework agreement for exploration companies exists it won't mean a hoot. I'm not full of trust in Tanzania and whereas I fully expect this to be commercialised in a positive way for shareholders, it could lose a good year or two in haggling processes, legal processes etc. This is normal.
I genuinely hope rabbits get pulled out of hats and everyone recoups their money.
I think you ve summed up your whole issue entirely SZ. That you attach an emotion positive negative or otherwise usually means its someone over invested. I m trying to be objective by calling this for what it is, which is a disgusting treatment of shareholders. You ve had no say on RiverFort Finance deal and are having your equity transferred to them in broad daylight at a pittance under the guise of it being 'the only choice' sorry but it should be illegal. I think its been done by stealth and i cant see anything pro GDR from this deal.
The only bonkers thing here is to ask why the new CEO has done nothing to share the roadmap to break-even and beyond to any shareholders?? Why have Shareholders not been given a high level plan for 2025/26 to understand the trajectory? The answer is not good. This is rope-a-dope and all I'm seeing is PI's load up their risk by trying to average down etc. Any shareholder group ought to be interfering but you're all so blo**y passive and moaning. The business needs selling to a LT investor so the financials map the roadmap. You should be demanding it, so you get some ROI before it is evaporated and you get bought at a pittance. You are going to get cleared out.
Why am I looking Dumb??? Think you need reading glasses.
I don t agree. It does say something. It says that things are on track with the long term plan. If you want a quick buck jog on or come back here in 18 months-2 years to see what happened. You have to realise that this is a new industry for Bolivia being set up which can help transform the economy. It ll be the 2030s before this is generating real economic growth and predictable output. Obvs we ll know the trajectory much sooner but thats the sort of mindset you need to adopt. It ll save you a lot of monitoring Boards and posting shi6.
The whole system is a ponzi scheme.
You should have learned to trust the abilities of others and delegate mate😅. Sounds like it was all about you🤣
Dude I have topped up but with 5 years in mind. Its called investing innit. Wait for Clontarf to get going and also the Lithium cycle to go in other direction. I'll be topping up with another 1.5 K tomorrow. Long TERRRRRRRRRmmmmmmm:-)))))!!!
You are a acting like embarrassing muppets. There is not one piece of news that will make any substantive difference against the backdrop of a collapse in Lithium prices. You need to be thinking proper long term as the price crash will have ramifications on every Lithium project out there.