The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is one of the biggies in my view in the TEK portfolio.
On its own could easily be worth 3x the total market cap of TEK. With BELL making steady progress and LUCY will come good then Guident still to be sold/IPO the current price here is a steal. Patience will be rewarded.
Looking to take a position here as looking good.
However, what is the finance position of company please? The way I read recent RNSs they have refinanced debt (9th Nov announcement) and if they get this big contract the way I read it they, along with the other partners, commit to spend to upgrade the facilities.
Will they use this recent rise and contract sun to do a placing?
Apologies link to presentation
https://www.tekcapital.com/wp-content/uploads/2022/12/Tek-Present-Nov-2022-v2.pdf
Plus company aim………
WE BELIEVE THAT WHEN YOU COUPLE COMMERCIALISATION READY, COMPELLING UNIVERSITY IP WITH EXPERIENCED MANAGEMENT, VIBRANT COMPANIES WILL EMERGE, RETURNS ON INVESTED CAPITAL WILL OUTPERFORM THE SECTOR AND EXITS WILL OCCUR FASTER. WHEN WE REALISE EXITS, THE GROUP’S GOAL IS TO DISTRIBUTE A PORTION OF THE PROCEEDS AS A SPECIAL DIVIDEND TO OUR SHAREHOLDERS
At times like these when there is a dip in price and folk forge5 the fundamentals of why they are invested in a company it’s good to re visit why you are invested here. Not for the next few days or weeks but the overall objective.
Start with listening again to the recent presentation tek capital presentation
Microsalt is going to be mega. Guident going to be huge. Bellascura is a go to multi million pound company. Even LUCD despite the current share price is a massive disruptor of a multi billion pound industry just like smart watches.
Patience and steady buying at times like these will make you very wealthy. Sometimes the share price never reflects the value of a business but it will catch up in the end.
Very happy to have added more today. Going to pay the mortgage off with this company.
So the interview confirms they working up to the new year on looking at next drilling and plans.
Working mineralisation system identified in largest prospective area in Western Australia. Motherload not hit………..yet! Onwards and upwards
Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company with assets in Australia - Receives "positive" first assay results from the maiden drilling program at its Red Setter gold-copper project. Confirms a hydrothermal gold and copper system in Western Australia. Finds up to 6.4 grams of gold and copper of around 2.3%. "We are extremely happy to have hit a mineralised system at Red Setter, with some initial wide spaced drill holes intersecting gold and copper mineralisation, over a current strike length of 2km. This remains open in all directions and indicates significant potential for size and scale. Every hole drilled so far has returned mineralised core indicating a broad hydrothermal system that has similarities to the 15moz Telfer gold system 13km to the north east," Chair Richard Poulden comments.
Market cap a minnow at circa £9 million.
Well funded. Massive prospective acreage which added to recently. Honing in on the motherload and when we hit this will be in multiples of this price.
No wonder little heard derampers coming out the woodwork with Ill conceived views not based on facts.
Happy to have added on this false drop. Onwards and upwards. The gold and copper is coming home!
Serious money to be made……..
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce positive first assay results from the maiden drilling program at the Company's Red Setter Gold-Copper Project in the Patersons Range area in Western Australia.
Initial assay results have confirmed the geological observations of a broad hydrothermal system with gold and copper associated with quartz-carbonate-sulphide veins (Figure 3) present within all lithology types, and often with breccia textures (Figures 4, 5 and 6).
A recently completed gravity survey (Figure 1 and 2) combined with the previously completed magnetic survey, indicates the scale of the hydrothermal system with structures extending over a strike in excess of 3km, with depths ranging from 50m->2,000m.