The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I've no idea if LH is a manipulative trader or honest broker, and to some degree don't care.
Imv he offers up some usefuk questions that deserve proper consideration, and well founded technical rebuttal if invalid.
I know many on BBs think it shoul;d be full of cheerleaders only, but I welcome the doubters, challengers, and awkward questions.
AIM is a casino, mre people lose money than make it, and caveat emptor should be the dictum.
Fwiw i remain invested here, tho in smaller size than a week ago. At some pointlikely after mineralogical analysis, I may be loading up again. But if I miss the train, so be it. Capital preservation is rule no 1.
Has anyone here receved responses when emailing the company? i used the online form on EEE website twice last year, but received no response. TBH I can't even remember what I asked, bcos the form doesn't save my Q and there appears to be no way to message direct from my email provider so i can keep a record.
There is an email listed for info@stbridespartners.co.uk has anyone used this for responses?
Thanks in advance!
" I now start to wonder if the finance is a bigger problem than perceived?"
Depends who's doing the perceiving. The faithful here think it's no problem at all, point only to promised production ramp up and projecteed revenues.
These BBs are always a church of the conveted so you will see much more of that view than the opposite, which i have voiced many times, that until cash is sorted, clearly, unequivocally, and with a clear runway to operational cash +vitiy. and preferably net profitability, this share is best avoided.
And so it remains ; every effort at raising cash is too little, too late, to restore investor confidence.
I begin to think that such appareent ineptitude cannot be ; and that mb there is a plan to somehow take the co private at investor expense. Hopefully that's not the case, but only time will tell.
So much nonsense on here today.
First the placing was NOT at a premium. SP was 13p 2 weeks ago, and only fell below 12 last week.....quite likely as a result of the placing leaking out.
Second, no, EEE is not sat on $trillions. Pointless projection of current values of stuff still deep in the groundwith no dev plan does not give a valid arithmetric value.
Third, yes, it's good to have raised £3m and both scaled o up the ops team and given a longer cash runway ; let's se a bit more detail on how "strategic" y this investor is tho. a good step forward, but by end 24 I think we will see proper Big Boy Miner involvement.
next, mineralisation. LH loves to troll this, and it IS important, BUT.. SB's confidence is backed now by Oceanic, and I can't see tht happeniong if there were indications other than +ve on minerology/metallurgy.
It's all looking very +ve indeed here, and I'll be surprised if we don't reach ATH in the SP pretty soon, despiye today's muted reaction.
Agree, ML.
But...this is as you say small investor psychology. We're all waiting for that RNS, and those feeling twitchy the longer this goes on were imv spooked into action by Jemgee's nonsense about a placing. i don't normally make accusations but that looks to me like a deliberate action. If so it has had the desire effect.
I have only a small amount ready to top up here but will ceretainly be taking the opportunity to top up tomorrow.
Extremely unlikely imho.
SB made clear September's raise financed not the current resukts, but also the NEXt drilling program that will commence later this Q.
Besides, it would make no sense to raise until the next set of results raises the SPwell into the teens.
Of course...barring an early partnering.... cash will be needed eventually, but it would make no sense to do it now.
One has to wonder if this is indeed the case. The company founder, who has built producing graphite mines in 2 jurisdictions and successfully raised the capital to do so, no mean feat for anybody. It is hard to see how this could be accomplished without fairly competent skills in financial management.
On the one hand, perhaps he and his previously able seeming oD have taken their eye so far off the ball as to leave the co so cash strapped as to be begging from suppliers and customers and succesively more discouted placings.
Or, otoh, they do still know what they are doing and have the plan in mind that you suggest.
I have no idea where the truth lies, but your suggestion certainly fits with events of the past year.
i guess we will find out by the time 2024 is over.
Let's hope so, GB, let's hope so.
But let's not get too far ahead of ourselves, either.
The next drill results, and metallurgical tests, will be the catalyst, if they meet expectations it's lift off for sure. But, again, let's see the results.
Not closed minded at all. Of course early stage companies offer opportunities that are not captured by a pure P&L approach. But that doesn't mean ebitda is a useful measure, for all the reasons Munger/Buffett set out.
Every initial in ITDA is a true cost, and in the case of the first two a cash cost as well. Excluding depn/amortisation may give some useful measure (tho not imv a normally appropriate one) but excluding costs of debt is ridiculous. It means that borrowings to finance capex are excluded, while that same capex financed by lease is not, rendering it useless as a measure across different companies with differing finance strategies.
Both leases (for example) and interest costs are true cash costs of historic capex. Depreciation/amortisation plus interest in most cases represents the same costs as a lease liability of acquiring/using an asset.
I don't want to make this an arcane thread about the finer points of accounting, but my point is that ignoring costs of financing your capex is a device of scoundrels ; you could not use it in a business plan pitched to your bank manager, and eventually, it catches up with you.
Anyway, this is not relevan here. I have no doubts about the integrity of THX accounting, business plan, or cashflow, and look forward to the next update.
We will have to disagree. i feel very comfortable doing so with Buffet & Munger on my side!
Forget ebitda
https://finance.yahoo.com/news/charlie-munger-explains-called-popular-earnings-measure-horror-squared-164228068.html
Co should have had a strong year and made good net profit AFTER ITDA. That's what matters. Along with cashflow and debt repayment. Both should look good when we get a proper trading update in the form of interim finals or whatever.
Segun is delivering, and the co is due a rerate, But ffs ignore ebitda.
Who knows?
Could be tomorrow........all i know is I'm not selling, or trying to trade, while we wait for the next assays/CSIRO results, etc.
Every reason to expect good newson Ti, but reasonable chance that Cu might show up too....now that could really blow the doors off.
Tbh I regard charting as akin to horoscopes and tealeaf reading, but I'm always pleased to have the chartists on board....more so when their predictions come true!
So, what's your prediction for Friday close, Master RSI?
Sirius
Me too.
Douta and Oyo updates will be welcome, but are icing on the cake. We need a good Q4 ops + finance update, which I'm confident we'll get ; Segun has delivered this project to plan almost flawlessly to date.
I do agree that a mine life extension plan is needed soon, tho afaik no date has been given for that so it cannot be said to be overdue.