The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks for the humour in these scary times. Our SP is at pre suspension levels, there's talk of nuclear war and sanctions on the country our assets rest and we've got comments about shorters having their pants pulled down. Omfg.
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Gazaland- the Chinese won't let this go ***5 up? Have a look into Belzone Mining (BZM). Did exactly that. Wouldn't let them raise if I recall correctly, ran out of cash, the Chinese picked up the assets. Is there anything stopping the major shareholders on the board doing a deal with the Chinese and selling their stakes for the value they attribute to them and then the Chinese doing a hostile takeover? I don't know, but until our limp board come out with some detailed info on how they plan to sort this deal to conclusion, I'm only slightly more comfortable than I was last night.
CTC, as far as I'm concerned the RNS isn't good enough . There can't be NDA's on WAI or licence update info. I would argue also that info on how many deals they're working on and the projects/assets theyre looking at retaining would also not be affected by NDA's. Its time they stepped up rather than hiding behind a limp statement like that.
I'm pretty sure it was Dmitry who said something about investors following him into further deals if they delivered on this one. He can go do one as far as I'm concerned.
The only positive is we've been told there's deals with China, Japan, S.Africa and Russia being brokered, so confirmation mostly we don't have to deal with the West.
I broached this question about 10 days ago and a lot has happened since. There were a few of us that dared suggest that the BOD needed to pull their fingers out and get the deal over the line as we were in potentially volatile times with further black swan events liable to be just around the corner, and this was reacted to quite harshly by the sycophants that were so far up the BoD's backsides they could see daylight out of there mouths. For me, the respect I have for the BoD is dwindling more and more each day. Theyve proven they can build a minnow into potentially a major player and I acknowledge what they've done there, but with the time this deal has taken to complete when you've got the best deal makers in the business behind you suggests either the decision makers are unrealistic in their expectations, naive to the potential of the deal going **** up or amateurs and out of their depth. Where I've really lost the respect though is the lack of real communication over the last couple of weeks. Fair play, if the SP is holding up, you've build a business with potential to be a 'major' and you're doing a deal behind the scenes and looking to deliver s/h value id be inclined to say you've earned the right to keep your cards close to your chest. However, the right thing to do now is to put the s/h in the picture with how their investment currently lies. What is the status of the reports from WAI, the licences, how progressed are the legals, has the interested party/ parties got an offer on the table, what timescales are they putting on completion of their strategy? It hardly matters to the SP now if they fail to hit their targets, all the bad news is pretty much priced in.
I'm also concerned the buyer might try and lower their offer or pull out completely. So much for a bidding war then. i cant help feeling the BoD 'have given it the large' about not selling on the cheap and could have got this done if they hadnt tried to squeeze every last rouble out of the buyer. Many were shot down when they suggested another black swan event could scupper the deal and told to support the BoD or sell up. Where are they now? Probably green boxed lol, so maybe theyve gone nowhere........
there were so many people (in the same boat as them) investing to make a better future for themselves and family that would take obvious joy in watching others struggle. My eyes have been opened to just how vile people can be. your mothers would be so proud
sanctions only stop Russia using the swift system. The dollar as world reserve currency dropped to approx 60% adoption. Russia has been loading up on gold for years. Dont think sanctions will cut as badly as expected.
Gaza, the board might be feeling it more than us as you say, but they also know where in the plan they are, what needs doing and what alternatives they have. Much better position to be in as far as I'm concerned. My sympathies are entirely with the PI's on this one. Bottom of the foodchain without any clarity. No doubt the Institutional Investors are having their fears allayed as we speak.
have to agree dealer. I've been generally very supportive of the BoD, but also raised concerns over the length of time this is taking and that hasnt been met very kindly by some investors who spew the same old sell up then rubbish. However, I think its time the BoD stopped hiding behind NDA and fronted up some proper updates on where they stand in the process.