The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'm not sure that Masterman knows any more about the sp drop than we do. I think it may be simply a case of persistent light selling in the face of little or no buying, which, in thinly traded shares, often leads to exaggerated price movements. Oddly enough, this kind of weakness is often a wonderful buying opportunity. I wouldn't go so far as to call this one of those opportunities, although it later may prove to have been one. A lot, of course, will depend on 4q production and the absence of any more "unfortunate unforeseen developments/blunders". I myself expect fairly good numbers, perhaps even a very nice upside surprise, although we do have to keep in mind that the quarter's production will be influenced by the Christmas break. (Or do you suppose the mine would continue to work 24/7 through what is normally a 2-week break?)
Before the NZ parliament votes on this bill, all the MPs ought to check out what happened in the US during the Prohibition years. It might just help their thinking.
Big Bazooka - I don't know who pulled out or, in fact, if anyone pulled out and the deal is still live and neither does Funky. But I think we share a strong feeling that is based on: a) the strange way the financing deal has gone b) the idea that the company is almost certainly now generating its own cash or will be very shortly and c) plain common sense that you don't give away a good chunk of your company unless there's no alternative. I think the diamond operation changed everything almost overnight and caused a total reassessment of how the company plans to go further. The share price is now discounting a lot of confusion and uncertainty, as well as the idea that without the external financing, the tantalite operation cannot get anywhere. So if it turns out that the tant operation can proceed nicely without any external financing/dilution, I think you can expect to see a very significant increase in the share price.
Amazing that no one makes a takeover bid for this company.
I don't know whether Larry reads this, but just in case he does:
I'm sure I speak for many of us when I offer him profuse thanks for all he has done for the company over the past 5 years. Without him, the company would never be in the position it is today. All the best to him.
You know, I sort of miss old cuddo. Whenever I was feeling a bit down because all my other shares were having a bad day, his delightful nonsense would always bring a smile to my lips. And then I would mentally spend the the profits that would be mine just by holding ANGS shares. I spent those profits in my imagination many times and thoroughly enjoyed each and every time. I had just bought a perfectly restored MG-TD and was hoping cuddo's next ramp would help replenish my lockdown-depleted wine cellar. And then, cruelly, the source of all my dreams disappeared. But I'm hopeful that cuddo's replacement(s) will provide equally wonderful entertainment.
I still can't help but feel that the fat lady still hasn't sung (although she may be warming up in the wings). I have felt right from the start that Amazon would wait for the smoke to clear and then come with a knockout bid above £3. My guess is that Amazon hasn't shown its hand yet because they intend to make an offer in cash and shares and if it came to an auction (in which only cash offers are allowed), they wouldn't be able to participate. Amazon is the only potential bidder that stands to lose if someone else, especially a PE bunch, gets their claws on Morrisons, so don't count them out just yet. I don't think I'm the only one who thinks along these lines, so I would expect MRW to trade tomorrow at something of a premium to the winning bid. All pure conjecture of course, but it's exactly what I would do were I in Amazon's position.
Nice RNS but nothing about our huge deposit of glod. Ah, well, I'm sure we'll hear something soon.