The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
There are no real maths at the moment, beyond what news is out there, that the said company will spend up to US$6 million in order to earn up to 70% of Konkola. However, depending who the third party is, then the shares will rerate. Also, depending on the forward drilling plans, then I expect it will rerate further. Also, depending on any drilling results, then it could rerate further. The upshot is that TYM will retain no less than 20% of Konkola, but given that it sits near the Mongola deposit, then any extension to that resource would be a great outcome.
In another way, the maths are simple, no deal then tym would have to self-fund and would struggle. With a deal then 20% of opportunity is substantially better than 100% of a plot that they cannot afford to test.
Added to that, the other licences are interesting too.
And don't forget the reindeer!!
Yeah, at some point I'm going to move and invest in Aussie stocks as their rules are better geared for investment. Here in the UK it's pot luck, but I avoid companies with a certain broker (not tym's broker). As for tym, I'll give PC some credit for spending frugally, and picking up good licences in Zambia. The company was out of luck with the reindeer, but if that does reverse, then it's game on. Without it then I still expect this to multibag.
What do GBP and Msmn have in common?? CMC Markets for their bucket shop placings.
I'm still holding. I'd expect news before Christmas. If I have any funds from elsewhere then I'll top up.
I've had a look at Next-chemx's filing and they filed on the 14th, to announce that there will be a delay in their filing, for a grace period, which is 5 days. So I expect them to report early next week. Fingers crossed that the delay is intentional on a good matter.
I think that what will happen, and what you're not counting on, is that the Clon/Next-Chem jv will (hopefully) sign at least one contract with YLB for at least one medium sized solares, which, should the tech work, would mean almost immediate production (subject to the equipment being accessed and built).
Asi, unless you have a crystal ball then you don't know when news is due. So you're guilty of what you accuse others of, putting out posts which align with your trades.
Lost soul
He did. But that doesn't mean that the shares are listed on the asx. Any Aussie shareholders have to buy and sell via the UK. However, I expect Clon to list on the asx at some point... unless they get bought out, of course.
Come on David, get your pencil out.
Lostsoul is wrong about the Australian listing (for now), but he's right about one thing, there's an agreement between the Clon-Next-Chemx and Galan Lithium (ASX) and CleanTech Lithium
Therein lies the difference between the UK stock market and other markets, as this company would be valued at a significant premium, given its assets, in other markets. This isn't a one company issue, it's across the board.
I don't hold and haven't for a few years, but the problem with this, and all companies, is that they treat their shareholders badly, especially when it comes to raising funds. The current practice of using brokers, and forward selling, and only allowing certain people to raise money from, thus diluting and undercutting regular shareholder's holdings has destroyed confidence in the entire market, and now everyone's a loser because the practice has caused death spirals throughout the market. No one wants to own shares anymore as it's not a healthy investment. The private traders I know trade commodities and currencies now as they see that as less risk. And that really speaks volumes about the situation.
No placing. I emailed Horgan and asked: Someone has posted that there's a placing underway at 0.4, can you comment? He replied: No truth whatever in such rumours: There is no placing underway.
I'm talking about the way that placings are forward sold
Good news, but the problem with this and all aim companies that people have cottoned on to the fact that the market is rigged towards certain brokers/investors and the pi's have dried up due to this. Unless the rules are changed then there's no recovery for any company.
Anyone selling? Or is this a spreadbetter getting screwed?
I think, if I can remember, that Clon came from Pan Andean Resources (PRE), and it hit oil in Bolivia, but the licence was repatriated (i.e. taken back by the government). However, Horgan kept in touch with the people at YPFB, the State oil company, now YLB, and so Horgan has made use of those contacts to look for a suitable DLE developer for the currently stranded lithium in high salt water basins in the expectation that it could lead to a contract. But now the world wants lithium and knows that lithium from brine is an eco issue, the race is on for a DLE company to secure good eco technology, and companies in Chile and Argentina have also expressed interest with next-chemx technology. So now we're waiting to see if they can pull it off, and everyone is whinging in the meantime.
If the deal doesn't close (which it will) then the JV gets $12.75 million back. Win Win.
I'm invested for the same reason, but with less shares. Because if you think about it logically then it ought to work. Think big tv little tv, big car little car, big d*ck little d*ck, they still work the same, but in a bigger or smaller way. If they say that the smaller system works then it should scale up. It's just a timing situation now.
I wish that I hadn't posted it as I think that it's brought out some people who aren't used to stock market reports. I'd advise to read the entire published accounts. But just to point out that at the bottom of the 'going concern' bit, which is a standard clause in most accounts, it says:
Ultimately, the ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the private placement of common stock. However, there can be no assurances that management’s plans will be successful.
All companies have to report on going concern matters, it's a standard clause. Theirs is that they're seeking funding.