The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Until companies stop using bucket shops and allow shareholders to participate in placings then I can't see how this market can improve. At least shareholders are more likely to hold and less likely to forward sell. This is the problem.
Good to get clarification. Now it clears the way for the final results and Namibia update.
Importantly, this could unlock funding by the Aussie government.
Let's hope that any placing is with aussie investors.
The market is rigged and everyone knows it. It's even more obvious with the lack of trades. The brokers have done over themselves as they probably don't earn as much with the corruption but they probably think that its better to get scraps rather than put the system right.
I'll reply. I don't think that this is a lifestyle stock, I just think that dp has been unlucky with results and weather and getting access to copperdome. I genuinely think that dp has conviction and that he's probably a bit miffed by the uk stock market. Don't get me wrong as I've sent him some choice questions and remarks. I think that the problem is with the market and at this level then it's all private investors, so we're responsible for the share price.
Just read that Moulding, of thg, has got approval from Warrington council for a plastics recycling plant, so there is space out there.
WSG
You're being a hypocrite. You criticized OMM for his research and wild price predictions and yet you're doing it too. Perhaps you need to concentrate on counselling your friend and their unstable mental health issues rather than bashing and predicting a share price that might turn to 'blood on hands'.
As for judgement calls, that's what they are because no one knows the outcome until the outcome.
Wsg
I think that you're making the mistake that your friend made, in believing that an aim listed miner with a very small market cap ought to have in place reserves/funding/jv partner, when in reality these companies have to firstly prove up their licence areas (and unless you have x-ray vision then neither you or I can say what's at depth in these areas or what grades remain to be discovered at lighthouse or what other metals are present), but the share price reflects the situation and has always done so.
The reality is that DP went looking for gold when copper was in vogue, and then he decided to drill for copper when gold stocks were on a run. His further misfortune was the issue of access to copperdome along with terrible weather conditions in Aus.
I've traded this, successfully in the past, but bought back in last Aug, at around 1p, in the belief that Copperdome would be drilled straight after Copperhead. It didn't happen, maybe because of access problems, or the weather (no one can predict this). And then DP diverted and decided to drill deep at Plateau, but the weather scuppered that plan. But I've averaged down. And I have money to put in when this turns, I'm in for Copperdome.
The moral of the story is, prepare for the unexpected (people lost their homes and lives in the Aus rains, to put the situation into perspective), don't put all of your eggs into one basket, be cautious, do not margin trade, and mostly, be humble.
I'm in for copperdome, as it has better copper grades, some gold too, and will test at depth. I was hoping for Plateau to be tested at depth, but I watched the news and there was seriously bad weather conditions, which probably meant that the drill was let go. I would have liked DP to have addressed this. I'd also liked him to add whether there is any funding available from the Au government.
WSG,
So what you're saying is that your mate did no research and merely followed another person's tip, a person who they hadn't met, or presumably spoken to, and a person who could be anyone sitting behind a monitor with a keyboard (I mean anyone of us could be an ex bank robber... it has been known). If that was the scale of your friend's decision to put money into any stock then they really should avoid the stock market.
I'm sure that your friend is decent and honest, but really???
Just looking at Weednanna, held by Alliance Resources. They are at the scoping study phase, with 152,000 oz gold resources @ 4.3 g/t gold, 1.15 Mt iron resource @ 59.4 % Fe, and their Scoping Study supports a new 250,000 tpa gold plant on their site. Now where will their get the gold ore for their plant. And Cobra can life from their study.
Great news. Cobra's share of the licence area has just grown by a third and if they get the other areas then they'll have doubled their area. I wonder what they've got up their sleeve.
So I'm looking at this, and correct me if I'm wrong, but if oex have approx 1tcf of gas at cambay, at $6 mmbtu, it implies that the value in unlocking Cambay is $6b minus costs. Have I got this right?
WSG, And I don't understand how your friend made such a loss unless they was margin trading. Was your friend spreadbetting??
WSG, you really need to find a cemetery to dance in, because that's your level.
I should add that there isn't a current plan to drill at the Prince Alfred.
Pheobus,
Good jurisdiction. And the gold. And the copper. The Prince Alfred mine, from cobra website, 'the aim of that programme would be to identify a resource of between 1 to 2 million tonnes of between 2 to 5% copper'.
Wozzers... So glad that I have this in my portfolio as it might fet me to my retirement. Great job bod!!!
Humberside? My guess is one of the docks at Hull.