The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
At weekends, he walks the streets with a placard, saying "The end is nigh."
Hi, Masks
I think so. Valued at 4.3 two minutes ago on ii.
Apologies for having been less than polite to you yesterday. Mea culpa.
This was published on 16th February, but remains well-worth reading, because it contains some useful info about (i) Newmont's reasons for withdrawing from the Anza project; and (ii) Colombian politics, which are now looking much less menacing than a year or two ago.
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/cdeda7f2-f176-9f8a-18ca-47d36a7d7f07/OrosurMiningInc._Research_Update_16February2024__FINAL_BG.02.pdf
Hi, ST @15.30
I don't understand why either Masks (on the one side) or Leematt (on the other) are doing this. Why destroy one's reputation in a public place?
Chicken and Dr fall into a different category; they're long-term shareholders, and have earned the right to be bullish. And Legal's in a different category, he's intelligent, which is important in life. And Seingred needs no compliments from me.
And, to restore my reputation, here's the Lassonde curve, which tells you when to sell. Don't leave it too late; just remember that GGP has fallen from 35 to 6p.
https://miningexplained.com/the-lassonde-curve/
This is puerile stuff, but here we go.
Onward George's soldiers,
Marching as to war,
With the cross of Castro
Going on before.
I shall leave the composition of stanzas two and three to those with more poetic gifts than myself.
Hi, Karl
Thanks for the reply. You may be right about TPI; I don't know enough about it, to be honest. Wheels within wheels, etc.
Something I like about Brad is that he's an educated man; not everyone can quote Winston Churchill or George Bernard Shaw. This does not make him either competent or honest as a CEO; but it does make listening to him more interesting than it would otherwise be.
Hi, Zap
I too don't understand the timing of the fund raise. He should have done it after the announcement of the letter of intent; which would have got more money for the same dilution. One does wonder if he wanted to drive down the share price, in order to benefit his friends, family, or indeed himself, if he's into what I shall politely call indirect purchases.
I entirely support Brad's new policy of frequent communication. The silence he was forced into before crucified the share price. As he said in the interview on 25th March, "we will now be doing things differently."
I'm pleased to hear that the MMA team "are all gone now." The further, the better.
Hi, Predator
Well done selling this morning; you're better at this kind of thing than I am.
And yes, I agree with you about AIM CEO's and directors. OMI is worth buying at 4.75 or wherever we are; but it still annoys me that neither Brad nor Louis have put in any proper money of their own.
Mapp said something interesting, in line 5; "some win, and most lose."
I think this is true with these AIM shares; but false, if one buys an index tracker, and holds it for years or decades. Of course, there's a question of which index to track. The NASDAQ has outperformed the S&P500, and the S&P500 has outperformed the FTSE100.
But to anyone wishing for a stress-free life, with no need to think about shares, and lots of time for other activities, I recommend an index tracker.
Some people may be selling for tax reasons this week, either to record a loss, to be set against profits elsewhere, or carried forward; or, if they bought lower down, to use up the capital gains allowance.
The best thing is to get one's capital inside an ISA, and then one doesn't have to think about these things.
Those two trades of 100,000 at 14.17 and 14.27 look like someone using up his capital gains allowance before the end of the tax year. This is the week when people will be selling for tax reasons, to record a profit or a loss, if they are holding outside an ISA.
Hi, ICB
You have quoted the RNS from 25th March, not the one today.
In January 2020, I wrote the following, 'The proverb, "it's never wrong to take a profit" needs to be followed by the parenthesis, "(except with Greatland)."'
This is pretty much what I feel about OMI at the present time. One day, it will be right to sell. But that day is some way in the future.
Or Golden Car under another name.
"There is a tide in the affairs of men,
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures."
Shakespeare, Julius Caesar, Act 4, scene 3.
Hi, Legal
The answer to the question is, it might reach 35, because that's what it reached before in October 2020 and February 2021 (when it was driven by what Alan Greenspan called "irrational exuberance"). But a lot of us will get out at 20, and count ourselves lucky to have done so.
https://www.londonstockexchange.com/stock/OMI/orosur-mining-inc/company-page