The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
And to think people laughed at me for saying too much negative and no-news would impact holder confidence.... and short term we were at risk of a drop.
Completely brought on by GR imo.
I at least take some confidence that he recently bought at .92. I cant help think he purposely drove the SP down to let him and his mates in but it has resulted in a much bigger drop then he expected. NEWS NOW PLEASE GEORGE... YOU OWE IT TO HOLDERS
J
The next RNS could be one of the most important RNS' in the companies history... Delivery or major issues/delays.
Both will have a major impact on short term SP and holder confidence imo. With the share price so low, could be worth a gamble to those with funds, but a gamble it would be. Med/Long term still looks positive.
J
I see AimH is continuing his attack on people who are willing to face into and discuss the recent Prem shortfalls…. Very strange poster.
More importantly, back to Prem. A big week ahead and news on plant performance needed. Oversold at the current SP but reflects market sentiment more than company prospects. Good news will see a quick recovery to a penny. Desperately hope to avoid any bad news given the SP is already so low.
Not selling anything and don’t have the cash flow to buy either. Haven’t traded any Prem for well over a year personally so no agenda here…. Before a certain someone chirps up throwing more unsubstantiated accusations.
J
AimH - if you think me, Acker and other LTH’s discussing GR missing hot commissioning, missing delivery targets twice, releasing zero metrics relating to quality and quantity of SC, paying mass amounts of interest on a loan due to design failure, a small raise followed by a second (which includes for his personal gain) AND impending contract timelines, with no Plant updates or data on throughput,,,,,, all FUD that is OUR agenda?!?!?!?!?…. Well, you need to give your head a wobble. I don’t want to be discussing any of this, but it’s happened and therefor I am.
I like you, I’m not willing to bury my head in the sand.
J
Jersey/PM01 - I agree (with first hand experience) project ramp ups are painful and issues guarenteed. What many dislike here is that GR doesn't seem to get that and as a result, mismanages expectations
J
Kenny - I'm afraid despite the positive tune of the articles you quoted below, there is nothing positive about what GR has done here.
Let us not forget he planned to despatch end of April as per the April 12th RNS. He has now missed that deadline by 19days. A deadline that had a 18 day leadtime between RNS and eom. Over 100% out with his estimation and no sign of delivery.
Not only this, he has again missed another deadline for the same target, and done 2 separate raises via placement. Something stinks and its his communication alongside either his greed or the rampup.
I cant see Canmax pulling the plug despite a likely June 1st delivery, but loan interest rates and production costs will be hitting hard and there could be more raises in the meantime. I personally am not happy with the last month with the exception of the stockbox reporting, and neither is the market.
All will be forgiven if we get a good delivery RNS with value stated against it, but to have come so far in 10 months and be so much in the dark is concerning. For info, I wont be selling anything as these are short term issues and im a LTH.... but frustrated all the same.
J
One of two things happening here....
1) GR is using this as his last chance to get more shares because time was running out. He knows delivery is on track and always planned to over run the 10 days mentioned on stockbox knowing it would drive the price lower as holders panic. This results in more shares for him.
2) All is not well.
Appreciate no1 is cynical, but holds weight imo
J
This is painful in the short term. Brought on by overly excited, unrealistic, unnecessary comments by GR on delivery twice.
Frustrating… and a real shame all momentum is lost.
If no RNS tomorrow, I think it puts many in a predicament, as it doesn’t look good, but if a ‘Delivery RNS’ does land, I would not want to be out. Especially if it contains value in £’s as 1p will be breached for good imo.
GLA…. Anyone’s guess short term.
Med/Long Term it’s easy money
J
Iky, seeing live vids / interverviews etc is nice, but anyone that has lead a project ramp up will know that a pretty tour of the site is one thing, and hitting a business case is another. This is the reason why data is so important and this is the fundamental reason why the live vids / interviews etc did not budge the SP.
What we know today, is that we have made some Spodumene. Nothing else. We don't know how much, or if its SC6, SC5.5 or even SC5 or lower. Ultimately, the difference between those that are 'triggered' on the matter and those that are not comes down to personal risk appetite. The first reaction to dealing with a risk should be... 'Understanding'. Currently we have none. Therefore short term i foresee the risks are increasing and therefore i want to see data to allow me to reassess the risk.
FYI - I remain very confident on Prem Med-Long term. GLA
J