The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Allegedly, the JPM 18m short at 16.5p (averaged sell price was 15.10p) Whether a fund of HNW we don't know. Let's just leave that parked.
The rest are allegedly in a we bit of trouble... They just cannot for whatever reason, let it go over 16p. An analysis ( and yes there are quite a few working on this together, for the benefit of all holders) is that the 16p point is the current battleground. Maybe there will be a margin call somewhere just above that..? or real risk of a momentum break out?
Allegedly, having decreased from a peak of 53m , on 17th Jan, down to about 38m last week... They have now increased slightly this week, by circa 4m over 3 consecutive days.... But, meanwhile the SP has risen quite nicely.
Allegedly, today stands at 43.6m .. That's quite a lot to buy back. And the reduction from 53m has in part been part of the average SP rise on from 24th January ... we've now seen a double bottom in the chart at 12.9p. And sentiment has turned, or is turning , more positive towards GGP and the gold sector
In my humble opinion they still have a bear trapped short much lower around 12-13p and are on a knife edge about what to do... The mini crash on the 24th may have helped them off the hook slightly, as there was a big drop in shorts after this.
BUT If this continues to rise. They will feel even more heat. And IMO they are are trying to exit daily, whilst minimising losses and exposure.
The choice is yours...
Whilst much effort is being expended (quite understandably) in speculating about the monetary value hoping to be realised by the 'sale' of the 5%, it can also be quite good to think in terms of 'prospectivity', as many have also done - not merely in the sense of quantifying the potential value and order/location of drilling of other prospects, but also the financial advantage that hopes to be attached to having the freedom to progress them.
Any cash burn from associated costs of drilling other parts of the portfolio can be offset by the anticipating increase in value of the 25% of Havieron being retained - a buffer that takes some pressure off until if/when another mineable precious metal strike takes place on the other tenements.
IMO
New car battery plant in Northumberland gaining investment traction.
Current estimates: conventional cars require 18-49 pounds of copper, hybrid
electric vehicles contain about 85 pounds, plug-in
hybrid electric vehicles use approximately 132 pounds, battery electric
vehicles contain 183 pounds, a hybrid electric bus would contain around
196 pounds, and a battery electric bus 814 pounds, most
of which is used in the battery.
What happens if FMV is x, and GGP say x+30% and NCM say x-30%? Neither is closer!
Could there even be a danger of NCM saying x-20% and GGP saying x+25% - so NCM are nearer?
I would have thought that if suggested values are out by some distance, then even an independent figure nearer the middle could be chosen?
Guess we just have to trust that everyone plays fair.