The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
£125m will need to be raised via new share issue, so the current ownership % will be reduce significantly, would all depend on the share issue price but imagine that would be at a premium to todays share price.
Bought back in here on the news that the dewatering has begun, been a hindrance for a long time. Fingers crossed it produces the short win Alba counting on. The entire lower adit is flooded which i presume will take a few weeks to pump and filter.
There appears to be radio silence on any sort of updates in Prims investments. rambler has been delisted and BMN credit note proposed purchases. Surely these warrant an RNS? Since the regular updates stopped it all appears to have gone stale here last notification was dating back to September. It’s no wonder there are very few trades.
https://www.inter-pac.co.uk/2022/11/01/interpac-sells-first-cold-corrugator-in-europe/
Thanks for the repost, i dont use ADVFN! maybe reduced some fears ref BMN and CPH2. RMM still appears to be a bad decision though even in the long term they are in need of capital and running at a loss.
Had a look at Interpac, lost money since inception in 2013 but the company is still in development phase and overheads must be small. Recently appointed a new Chairman and a NED (along with Hedley Clark). Their product is an end user cardboard processing plant with patented Technology. ideal for Just in time type manufacturing business. Will be interesting to see how this grows albeit still a small company so may take a few years to turn a profit and more importantly an exit plan for Prim.