The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Don’t know if we will get news next week but I suspect something is coming soon. Hopefully that’s the logic for the insider placing. I’m sure it was done very tax efficiently too but at the end of the day over the last 2 years we have asked for more insider skin in the game, so it makes me feel better about topping up today.
@Kutzz you may as well add another 4M on to round up to an even Hawaii 5 0 !!
Kutzz, it's just a waiting game now. The BOD must be coming into a close period now, since the AGM is in June right? That may have necessitated that large buy when it happened. Since there is a possibility we could be in line for some new between now and the AGM. If decent news were to hit that lady don't want to be buying up in the 30s + !!
That's what got the better of me and so I thought I would make a couple of top ups!
Hey Kutzz & Kellysheroes kicking myself a bit, I was tied up in Alphabet while this was down around the 11s. I could have risked some funds then but didn't as it was a bit too risky for me with cash flow.
I don't have a crystal ball but when the Chair person (who is an accountant) throws that kind of money into a company, that's a heck of a larger statement than just salary sacrifice. We all know how prudent accountants (at least decent ones) are with their money.
I might be reading into this too much but I basically think the Chairperson is talking to me without breaking any AIM disclosure rules and said... "Listen Hunniford my money is as good as your money. I put in a chunk of mine (no pun intended) and not just some token little buy. If that isn't a sign without me giving birth to a lad named Jesus then what more do you want from us?? So what are you going to do next!!!"
So I liquidated some GooG and chucked it in here. He who dares...Rodney, He who dares!
Looks like Eileen is building a war chest of shares from that latest RNS, now holding 152,672,969 shares. The BOD own 8.41% of the biz. I think between the Bod, Kutzz, myself and a few others on this forum we currently own about 20+% of the company. Hold for gold!
Curious where did you see the info about Eileen’s buy. I looked in a few places but didn’t see anything. Couldn’t see it in an RNS either. Definitely sounds like a positive signal!
Let’s see if Tim re-mortgages the gaffe too!
The good thing about this company is it is sitting on assets in the ground that are worth something. We also know from the many calls and videos that this BOD desire to try and run an operation even if they had the cash. At heart they are geologists and the strategy is always to buddy up. We also know that virgin ground is getting harder and harder to find. The guys running this company aren't idiots and I believe they are If we had an trying to maximize all the results as they know eventually this could turn into a monster bidding war.
It just sucks waiting :o)
Sorry to see this go belly up. For anyone that bought shares outside of an ISA make sure you speak with an accountant and put this through in a tax return so it is logged. Capital losses arising in the tax year must be offset against any gains arising in the same year and if there is a net gain, then the annual tax free exemption is applied. If there is a net loss, the loss is carried forward to future years until relief can be given.
It may ease the burden if you have wins on other stocks this tax year that exceed the capital gains allowance or in future years, best of luck everyone!
Kutzz, I thought of topping up but this is high risk investment / punt. Punt is probably the better term and I don't think it would make sense for me to hold more shares than the CEO. However, I think the signals from the board are strong without them breaking any insider points.
Essentially they are saying "We've taken our results on CLP and packaged up to present to external investors who would have an interest in coming onboard"
I would change my mind on buying more if one of the insiders bought more (outside of the salary sacrifice scheme)
As Per LinkedIn:
"Oriole Resources has had an excellent first day at 121 Group's Africa-focused investment conference - 14 meetings already held with major mining groups and potential investment partners for Cameroon exploration."
Kutzz hang in there dude. By the end of the year I think fortunes will have changed a lot here. Remind me did you invest in this outside of an ISA, if so remember you can write any losses off on your tax return and offset against future profits.
However, it ain't a loss until you sell it or they go Kaput! I really don't think Tim & Bob are the kind of guys who want a turd on their CV.
Saw this from previous RNS posting dates. It will be interesting to see what happens. One would assume they keep to part 2 of the option agreement and spend their $4m. Otherwise all that work would be forfeited can see the new owners wanting to pass up on this if it has really good potential.
I can wait STZ. I had a large holding in this 2 years ago and trimmed it back with some losses. I have only recently topped up again around the 0.00155 mark. Companies like this are a gamble but Tim is a veteran and the Cameroon frontier seems to be doing what the management team thought it would. The BOD's job is to maximise the investment they are sitting on for the company, themselves and er, the shareholders! Part of this, will be the execution of a plan,. Timing will everything. I think they have a decent CFO onboard, CEO has been there and got a few T-Shirts, probably so many that a few don't fit anymore :o) so I would say leave them to it. I'm not all in on this stock but I do have an 8 figure holding. So it ain't peanuts.
Well these guys are finding potentially good commercial gold plots that can be turned into mines. Oriole has never set itself up to be a production company, rather a prospecting company with skilled geologists.
We all know Tim as the contacts in the industry and a past alumni at some of the majors players. So it really becomes a matter of when, rather than if the external investment comes in. I think it is a question of sitting tight. Hopefully the SP has bottomed at this level. Some movement in Senegal would be great. We should be due an RNS on that prospect soon eh? The more these guys can get done before they need outside investment the bigger the value to the business in the long run.
It is very tempting not to invest more here. I have some US stocks I just cashed out of thanks to a solid January, February good be a good RNS month here.