The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
SP has gone nowhere and quite right too...
No one knows the details behind the Piedmont deal. Low quality deposit, it does not matter how many times you say 'high quality' the details say low quality. Any significant Lithium price slump and ALL will be in the gutter.
I added twice last week to average down. No secret that Rio Tinto are doing regular visits and there is an NDA in place. 12 months, things will be different on news flow. I can see divestment of Wikieup, Wikieup South, Oil Brines and even Wilson and Eureka to Albemarle. Albemarle also have an NDA in place. Let's see what happens.
SELLS
Bargain price at the moment.
I have heard that staff have been reduced but i understand there is still alot of fat at the top and also project managers employed. Pretty clear that the COO and the CEO need to Project Manage themselves and not delegate to others. The company is too small to have £100k+ year PM's. The CEO is also going to have to accept that she needs to work 50+hours a week to turn the business around and be more hands on in the office when it comes to managing staff. Different mindset and attitude needed.