The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"At the current burn rate, the Company has a cash runway through May 2024. We are confident that we will continue to gain commercial traction and securing significant revenues, but due to the time required to achieve this, as we have already stated, we will require additional funding. As described in the accounting policies, we continue to adopt a going concern basis for the preparation of the accounts, but the above condition represents a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern. As set out above, the Company is actively pursuing further equity funding to provide the necessary resources to execute the Company's growth strategy."
Careful. Placing coming and people going to be spiked with all this talk of pharmas and JVs
They said they are in process of equity fund raise. It will be much lower than current levels
I don't know why people are pumping it. Yes ok its up 100% at omne point today. But at end of day they have openly said they are raising funds. So this is a common tactic to boost price ahead of a placing
My guess is somewhere between 3-4p will be placing price tomorrow or next week
This is a pre placing pump. They would have never been able to raise at 3p with the price at 3.5p
Now this has injected some liquidity into it they will likely be able to get some money in at 3/4p. So bravo well played management
Stupid retail buying up here going to get burnt
"At the current burn rate, the Company has a cash runway through May 2024. We are confident that we will continue to gain commercial traction and securing significant revenues, but due to the time required to achieve this, as we have already stated, we will require additional funding. As described in the accounting policies, we continue to adopt a going concern basis for the preparation of the accounts, but the above condition represents a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern. As set out above, the Company is actively pursuing further equity funding to provide the necessary resources to execute the Company's growth strategy."
Gulp
Its comments like this which are completely pie in the sky. If you have any idea how the market works you'll know thats not the way this game is played
The money will be raised first. At much lower than these levels
No point calling names i'm just reading the RNS. It says they have no cash and it runs out in May, so they go bust. That won't happen as they are already in the process of an equity raise
Look at what happened to all the blind bulls on AVCT... Same will happen here. GDR ain't a bad company. Just buy in post placing. VERY HIGH RISK holding this now
Market Makers just trying to absorb as many stupid retail buyers as possible up at these levels before they tank it into next week for placing
Easiest money in the world. Sell sell sell to silly retail who can't read an RNS and are just gambling buying a stock thats 100% up that runs out of money in May and has openly said in process of raising money
Can't make it up
Next week its game over. Goodness knows whey anyone is holding this. Bank your profits and run. can get an entry much lower down post placing
Yes much better volume today but still low compared to the 75-100m days we had couple weeks ago
Few people buying 5m chunks and it'll absolutely fly. Stock is tight
Hearing distressed seller has finally cleared
Could be a fast run back up
Market running low on stock and the fast money has exited
Big buyercircling i'm hearing. Hoovering up any slack under 0.3p
Results due from Q1 drilling and another 2 drill campaigns lined up
Fully funded for all of this throughout the year. Big bonus from tax losses or JV deal
They are in the Gold hub in Australia with some major discoveries all around them
Load up
Yes there is already been a noticeable bottom and trend reversal in Diamond prices. Expect that to pick up considerably as 2024 progress which will likely have a knock on affect to the general sentiment in the area
However, remember the big boys like De Beers like to do their business when prices are near the lows. Taking advantage of opportunities.
Watch this space
Any sniff of a takeover deal or JV on one of their many valuable assets in Botswana and it'll rocket.
feels like something big is coming
Yea i don't blame you. But you'll be paying 5p not 2.5p
So i guess there is a risk v reward at every level
You can buy 1m shares at 0.2788p
Still a long way below the 'family & friends' placing at 0.5p from November, they were all very happy to put their money in at those levels given what is beingh lined up
I would suggest we are finally on the cusp of something big
Yea few nice bargain hunters popping up on the buy feed today. Can't believe its even dropped this low. Good to see diamond prices slowly picking back up
High probabiklity we run back up much higher in 2024 to 1p+