The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
There's the problem, eh, Duke! buyers today will be selling again into the acquisition news, again stunting the rise and pulling back the sp again.
maybe the July results WILL show revenue rising but it'll need to be stellar to push the sp over 1.5 and keep it there.
still sitting on FCA for real news... until then trading is the way to go, obviously (and in spite of what lthers' might say!)
Noone complains about companies raising money! it's not raising it at better price than the last raise. it suggests that there's no progress being made, financially.
noone would have complained if the placing would have been at 1.3 or better.
They'e the traders that sold y'day... they'll be the ones selling into the next spike!
You've got that wrong, AIM. the 'peeved off' people here will be those that follow the 'this is making lots and lots of money and don't need to place at this level' so added into y'days rise.
most traders will have sold y'day and be 30% up if they buy at current 1.08.
anyone who doesn't see that this is a disappointing rns must have been trading it too. noone 'peeves' if they benefitted with a 30% bump!
Mms don't hold stocks 'for a few weeks'!
It doesn't matter that they have a new target to buy... we already have two done this year and the price isn't progressing.
doesn't matter how many bricks are added if they merely waiting on FCA to push the price higher.
y'day suggested (and was certainly touted here, by several known cheerleaders) that revenue was growing. no point having growing revenue if it can't be touched. would suggest that the money is't quite as favulous as implied.
Billion pound companies usually raise on a rising price. they don't keep pegging the company to the same price as the last placing, unless they're gifting the shares to a priveleged few to make money on the discount.
So, once again, discounted shares will be bought by those with no interest in being lth. so the next time there's a rise they'll be selling again.
zero point hitting 1.5 if it falls back to 1.05 next day! just teaches everyone to be a trader on this share.
You can't spin this as anything but a kick in the nuts to anyone who bought into the rise y'day.
all this will do is confirm to any traders who sold y'day's spike that this is the way to make money here.
yes, shares might have been gobbled up by forward selling... maybe... but 3 placings at 1.1, 1p and 1.05 nails a price on the share and also suggests that revenue isn't what folk keep saying.
y'day people were saying 'why would we need a placing!' and now the same people are sidestepping the issue and saying 'ooh, wonder what we'll be buying!'.
thought y'day meant they'd buy from cash, wait for a rise over 1.5 and then do a raise. milking investors at the same price doesn't sound like the company's making as much money as has been punted, here!
frustrating to everyone except the few who have averages from last year's dip.
I didn't want to bring it up but the US debt recovery by M+T bank was what i was alluding to.
when i said 'i read it somewhere' i just didn't want to be the person posting that news. i have friends and acquaintances in this still and it pains me that they bought the t-shirt when so many things have failed to materialise.
I woul say that pi's have been taken in totally by someone who has manipulated and deferred progress with all sorts of 'reasons' while chucking out carrots like US funding when the company is really no closer to that funding than it was at the beginning of 2023.
for all the stupid ticket stub pics and similar, all that's really been done is destruction of pi investments, the mass selling of warrants that have been resturctured to make them easier to profit from, some clay brickworks and worthy academic tuition and... some drilling from back in Sept. but, to my knowledge (sketchy on this one), can XRF results be used in a JORC or does it need formal testing? not heard, afaik.
only person benefitting atm is Fryer, who sold his stake to himself as CEO, paid for by investors.
needs to get his act together to realise the faith he's squandered over 15months.
Probably blame the fact that all of Raphael's shares were taken by pi's means they weren't that sticky... whether they are now, with the selling is another question that'll get answered with the next rns.
But i'd like to think that 1.25 sticks.
Those are all the same targets as per 12 months ago. the difference is the total loss of belief in the ceo for his honesty in dealing with the retailers.
from having fake names in tg's to punting the same, endless stories about US funding to the principle two big mistakes: the lack of any sales (which might hide several reasons beyond the obvious one) and the very suspicious funding (and repeat funding!) of the drilling and roadworks. his conduct from Friday's rns also throws suspicion that he's playing for personal gain over and above pi's. i read somewhere that the friday rns related to a debt he had to pay to the banks from his Baobab company? no idea why he needed to sell shares in CRTM unless it suited his then buying cheaper on that dubious first funding for drilling and road? i doubt he'll ever make a formal statement but just trust that some 'good' news will hide his activities. but it's nearly May and still no start on the road... which means 60-90 days to completion which means Aug to first delivery... assuming there's not going to be another explanation for another delay!
it has been the most tragic investment of the last 12 months.
Not been a day like it since... nice buying opp for latecomers on traders selling down.
still hoping for 1.5 support this week.
Nm
They've had plety of opportunities to buy on the cheap and haven't. it's galling that they don't play the game and show the market they have confidence by their conduct.
maybe they have an aversion to profiting!
Another building block building up to manufacturing news for current sales and new sales to come.
be good to get back over 2.2p as support. maybe today... as long as mms tighten the spread and stop taking the pish!
Sorry... wrong bb.