The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
We know the company has been around for 25 years and is not new.
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We know the directors have a massive amount of skin in the game, a fantastic positive when the BOD show by conviction.
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we know the company has at last turned the corner and is starting to make some money.
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We know the company has no debt now and has stated it will not require raising funds going forward, growing organically.
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We know the company has removed the middle man and has since last September started to mine itself on a 100% basis.
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WE know the company mines a valuable product that is rare and very valuable and will be required in larger quantities.
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We know the company has one of the cheapest open-pit mines to operate.
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We know the company has directors fully aligned with shareholders.
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We know the company has got two of the largest world banks involved to sell either the whole company or its assets, UBS and CITIC.
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We know the company has now got recently DLA Piper on the legal side to work with the Company through the sale process.
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We know the company has purchased new equipment to speed up production.
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We know the company welcomed Institutional Investors on board by Issuing new shares at NO discount to the prevailing stock price, unheard of on AIM.
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We know the company was approached by interested parties to obtain either the full company or its assets.
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We know the company instructed ACF to produce a company report assessing its true value for basing offers on.
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We know the company represented Russian mining at EXPO.
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We know we have been awarded the flanks license vastly increasing our asset acreage.
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We know we have recently been awarded the Tipil license.
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We know the company is classed as 'The Last Non - Consolidated Palladium Play' and that is the main point here, the company has a very valuable array of assets that contain oodles of valuable PGM's that are not seen on such a scale except the Bushveld complex in South Africa where the current production is hampered by power outages and industrial relations.
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We know the company has had several Non-Binding offers and the sale of whatever is still going to plan.
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We know that Institutional Investors are stocking up on EUA shares with daily increases!
We know that additionally licenses have been awarded around MT extrapolating our potential mining area to 104moz’s.
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If you are a shareholder in EUA, enjoy the ride by being steered by the very experienced BOD who knows a thing or two about mining, and doing deals!
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This is NOT some distressed company sale, far from it! this is the real deal, a world-class mine is up for sale!
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This sale has a world-class interest, and if you are a shareholder you will be greatly rewarded.
There is no doubt we are sat on a world class asset, that’s been covered off as has the fact that we have non-binding offers, the horses mouth even realised that this much is true. Huge interest from institutions and whilst the SP is lower than we would all hope those that hold will be laughing come the end, this is going to create some life changing wealth for a lot of people. Well done all shareholders
Sorry about that buy the horse started it, very rude horsey, full of manure. The horse stopped being useful when the combustion engine was invented which brings us back to PGM’s which, for the benefit of the horse, we have loads of.
Just to reinforce this point we have received non-binding offers which are being progressed, as per the latest RNS and circular and as stated previously. If the non-binding offers were unsuitable then I am absolutely certain that the NOMAD would not allow this to be stated and also UBS and DLA Piper would have walked away from the deal.