The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The board are confident they don't need to place for the foreseeable. They have visibility of operations and deals on the table hence the RNS statement expressing their confidence that current year forecasts will be met. The NOMAD would have checked the basis for such statements and advised against if the case was otherwise. Time will tell but, in my opinion is, we have a great few months of recovery ahead. I hope I am correct
We have next few months to fill the £5.5m+ revenue shortfall which brings the company to profitability. Will be an interesting close to the year should they final deliver on expectations. It goes without saying, not without risk here but certainly a favourable buy at this price.
I invested post DFS upgrade last year, August if I remember correctly. The fundamentals stack up here and the storyline will be explosive when the ducks line up. Of course without the license the risk is huge but should that come through then offtakes, finance will swiftly follow. 20p+ will certainly become a more realistic target for year end as the milestones are met. 40p+ into production the following year
Yes it is indeed Haffy. Kabunga holds 0% of the warrants block listed today. 18.8m of them are striking at 7p. Think the board anticipates the share price to be trading considerably higher to allow for their exercise. Think next 6 months we have double figures nailed on here. Exciting times
The recent fund raise was very telling. Seems to be a strategic move pre-license to shore up the balance sheet and prepare for action items (offtakes and finance) following license grant. The company conducted it on subscription basis with supportive high net individuals. No one would've supported it if they hadn't been given assurance of successful license award in the near term. I think July will be our month.
I think the license will catch a few out. If indeed some are of the view that the license is many months, even years out - they'll be buying in a lot sooner when it is granted. Whilst the company does not have control over timelines, as per RNS, they have ticked all the boxes for ML, ESIA was the final hurdle. Surely, it is merely a signature away. I am of the view it is truly imminent, could land today, tomorrow, next month and hence I am positioned accordingly. There is no doubt the risk is higher buying pre license but once granted investors with lower risk appetites will pile in. Offtakes are already under discussion and no one is going to be willing to sign binding contracts without a ML. Things should come together pretty swiftly following the license award
Misty, a company raises when they are in need of cash so given your claim that a placing is being worked within the next few weeks you should know how much cash they have. You should be telling us how much cash they have and wherefrom you obtained that information. As far as I am aware the latest trading update did not contain a reference to cash position
Yes I'm good for opinions but not nonsensical ones. The price action does not bear "all the hallmarks of a placing". That is just an absurd statement. As for raising in the future well it doesn't take a rocket science to note they will indeed raise. 99% of companies are here to do just that but I bet the price will be a lot higher than here when that happens.
That's rubbish and unnecessary fear mongering. I've contacted the company who have dismissed it as pure nonsense. It's apparent there are some on here trying to manipulate the price for their ends. Admin should take note
Going by similar companies who were awarded the license in the same jurisdiction I think we should have it signed off within weeks. We applied for it back in July, it's been pending due to the environmental permit which has now been awarded. BlackRock, our graphite neighbours, had their license approved within 9 months of application
They are awaiting the license to mine from authorities. All great to have a JORC resource but with no license it all stays in the ground. Once they get the license the project becomes commercial - ready for offtakers and financiers to step in. The risk of not securing the license to mine is what holds the valuation down. I believe it is a mere formality now and once awarded the share price will start to motor on. 10p near term target isn't a far fetched target, with offtakes and project license the value will be unlocked and 20/30p+ comes into view