The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
OMR
I’m sorry to hear that you have required hospitalisation again mate, but hopefully like WRES you are now on the road to recovery ;-)
I wish you well mate ;-)
Gw123
I feel your pain mate as do many other long term holders, and I’m sure that most if not all of them have had the odd day when they’ve thought the worst !
Like you I have held, hopefully onwards and upwards from here ;-)
The fact that blackrock have been prepared to lend such a significant amount of additional money to WRES clearly shows that they believe that the company will come good.
Let’s hope that production does now finally ramp up significantly over the coming weeks and months, if it does then all will eventually be good.
Dreamy
You called it right last week when you said that they had built themselves a burning platform mate.
Who knows what will happen if and when they announce the debt details, up, down, sideways ? It’s anyones guess !
Lets hope that things improve !
It looks like your post regarding them not needing to give themselves a burning platform was correct mate !
Dreamy
I can see what you mean but having read and re-read the latest RNS I wasn’t necessarily expecting to see a funding RNS by today mate.
All that really matters is that they get it sorted out and get the mine running again next week as planned, with hopefully a much increased level of production !
The RNS said:-
“Following a poor Q4 2021 the Company's cash position was lower than expected and the significant increase in the price of LNG has added an additional complication. As a result, the Company will need to raise funds in the very short term. The Company has been exploring additional sources of finance to strengthen its Balance Sheet and expects to complete this fund raise, which is expected to be in the form of debt, later this week.“
Dreamy
I am far from happy with the current situation, However I would point out that if the deal isn’t done until today it might not get RNSd until Monday mate.
Thanks to all those people who have responded.
The RNS this morning is not good news :-(
Troajan
I won’t be posting much mate I have other more important things going on at the moment, but thanks for your post.
Here’s hoping that WRES’s next RNS is a positive one, we could certainly do with some good news!
But :-
It seems to me that Decembers production must have been lower than expected and that rather than issue another disappointing RNS, that the company decided to wait until they have the figures for January (which will hopefully be significantly better) before providing an update.
Well I hope so anyway !
Miss G
I didn’t think you were old enough to remember that ;-)
Heylig
Can you point out where in the accounts MM’s supposedly fat salary is declared please ?
All genuine WRES investors are like me hoping that Q4 will be better than Q3 and that there will be a confidant forward looking statement regarding Q1 2022.
I wish all genuine WRES investors a great Christmas ;-)
Your comments in earlier posts today:-
“Anything on here which doesn’t take it as a given that SNG001 is a proven therapeutic, effectively as good as in the clinic, triggers nervous holders.
If they weren’t nervous and panicking they’d take my comments on board in the spirit they were
Intented.”
The above is self opinionated and aimed at other investors.
And:-
“Andyandmax - given by your number of posts and total lack of knowledge/research/insight regarding Synairgen , I imagine you have about a fiver invested.
Your perspective is limited by your own horizons.“
The above was clearly aimed at another poster, it was an attempt by you to demean them.
This is why I don’t care what you post and why I am now going to filter you as I can’t be bothered to read anything else that you post.
Attacking others has no place on this or any other board.
Despite your assertions most investors here are not nervous or panicking, they like me fully understand the situation, which is that there is a very high chance of success, but, there are no guarantees.
I have no problem with people pointing out both the negative and the positive, but I dislike posters who make assertions about other posters, you don’t know me and you don’t know most other investors who post on here, so I do wonder if your comments about being nervous and panicking may in fact apply more to yourself, but frankly I don’t care, I’m far more interested in reading posts from people who are not so self opinionated and judgemental of others.
Have a good day, and if you are invested here let’s hope that we do succeed.
Your three comments were negative and my three comments were positive - that’s balance.
It might surprise you to realise but everyone who is a serious investor here is fully aware that we are waiting for the sprinter trial results, so, you really don’t need to tell us !
Three things:-
1. Synairgen has as been working on SNG001 for many years, and there are no known major side effects, so the treatment is safe.
2. Whilst Synairgen is a small company it is highly regarded as evidenced by the over subscription for shares in its last large placing.
3. Whilst on average 60% of treatments that make it to a phase 3 trial go on to make it to market, for treatments pertaining to respiratory issues those making it to market number 81%
These comments whilst both positive and true, are just for balance.
Kev
I agree the filter button has saved me from having to read the nonsense posted by the usual suspects, as an example yours is the only post that I’ve read this morning, I’ve been saved by 3 green boxes ;-)
I can’t thank LSE enough the filter button is a godsend ;-)
WRES are down but not by a long shot are they out, the company will come good in the fullness of time.