The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Definitely something wrong here.
I suggest that we are about to see AP is actually an astute CEO and the board of VAST know what they are doing
Burn him... I know disgraceful....
Sigh. Happy to have had the opportunity to bring my average just under 40p.
Would like be to see another tickle of a Rise to start the new year in good cheer
Time is moving on and still no request for approval for T2B. Thoughts as to whether this is encouraging??
I suppose 1 school of thought says leaving it to last minute, poor planning and execution of a strategy or simply that will not be required?
AP purchase?? Is this that T2 is no further forward and therefore AP free to purchase without knowledge of info not yet shared?? It is all a bit confusing allowing the speculation to abound.
time Will tell. Friday RNS perhaps to update with auth request or a notification to confirm T2 resolves. We shall see !! Certainly interesting volume over the last week or so... would be great to get a blue day for a change. The chart is looking sick as a dog and some new year cheer would be appreciated
Vast is a share investors love to hate but when the ducks finally line up I think a sustained rise is due.
Bergen...... the problem I have is the board did a u-turn on their funding commitments. Said black and delivered white... looks like the market share the same worries...
Got to raise cash... in such a hurry??? Poor planning? Poor execution... and by using Bergen , poor judgement....
Not happy
Cash balance With or Without Bergen T1??
Maybe shows how close they are flying and why happy to go back on their assurances?
Timescales for operations 6 months, going to need more cash if last run rate is anything to go by
What couldAP possibly say in a podcast which would change the mood ?
It is laid out in the interims and not unexpected, now T2 needs to land and a boost from Diamond las would be welcome too!
A man found a magic genie who would grant him one wish. The man said to the genie,” I wish that I had a non-stop bridge from here to Hawaii." The genie said,” I’m sorry, but that's going to be very hard. Do you have another wish?" The man answered, "Of course! I want the power to understand and profit from the AIM market." The genie thought for a minute. He replied, "How many platforms did you want on that bridge?"
A lorry driver was driving down the A1 and noticed a sign that read: Low Bridge Ahead.
Before he knew it, the bridge was right in front of him and his lorry gets wedged under it.
Cars were backed up for miles.
Finally a police car came pulling up to the scene. The traffic officer got out of his car and walked to the lorry driver, puts his hands on his hips and says, 'Got stuck, huh?'
The driver says, 'No, I was delivering this bridge and I ran out of gas.'
Bridge spin... got to love it.
Ort .. initially took Apr, Aug, Nov and December are the months I purchased my shares.
Have sold any yet.
Are you an “old timer?”
Suki, appreciated. I presume you too expect a podcast today?
TBTT, ta for the thoughts, the charge was my initial thought... hoping there will be some mention in the interims re post period...
My issue is why the urgency to obtain $ 1.5mm
£1mm was raised from a placing not long ago which hasn’t been explained.
The company is stating confidence in T2 coming shortly
So why and what is the absolute necessity to raise this level of money and such expensive costs?
Forgetting the debate as to whether there will be conversion... what took the board to a route where they went back on their assurances not to use cover tables? Why this act of desperation?
If I was a conspiracy theorist ideas such as contrived opportunity for Zimbabwean officials to take a share prior to award! I know such thoughts aren’t helpful..... anyhoo.
More likely and worryingly there will be a need for the cash to keep the lights on, or cogs moving at one of the projects... it IS a red flag, make no mistake. And I would whole heartedly agree that if shareholders are asked for permission to execute T2B then at the very least detail of where the money is specifically going and why it is so time critical is essential
I am steeled for no news tomorrow, no podcast and a 5% drop amidst a BB ranting where is AP.... next news ... interims... 31st Dec...then notice of egm for authority for T2B
Nice to be surprised but no reason other than speculation to think any differ not
Diamond news....?
That VAST are one of the companies Zimbabwe agree to let mine... start to think cost and timeline...ownership regulation and any other caveats that are put upon VAST.
Agree that is should provide a boost to the SP but such a large commitment will temper the positive- won’t it?
AP, like many have said already need to demonstrate he can execute on the commitments he is making, show development towards revenue on projects which he has( or soon will have) funding for and start to communicate a working plan.
Fantastic progress through 2018 has been made already but overstretched resources, the obvious need for capital (shown by Bergen bridge loan) does continue to dilute his messages.
I do hope the run into the end of the year sees interims released showing steady operations, confirms the charge on Romanian assets has been release, News on T2 local issues,some update on diamonds and also points out what the last placing and the T1B monies have been spent on.
Of course wishing for this news is wishing for positive news on these subjects, I am always careful what I wish for as experience tells me I should be careful what I ask for.
Have a good weekend all, and interested to see what Christmas Eve brings. Assume market closes at 12.30
Optimistic, shame to see you leave so soon after joining... you mentioned you had held for a long time so must have been a tough decision, what changed recently which made you sell at such low levels??
Suggestions for the delay on T2 have focused on the charge being released...described as local issues it will be interesting to see what the hold up is...that said the board has gone into writing stating the expect drawdown in a month so hopeful they know what they are doing
I am not sure what YOU mean by a death spiral in these circumstance. Given the split tranche and requirements for approvals pre tranche 2 why do you think, and what mechanism do you feel the SP will be forced lower?
Even at £0.002 tranche one puts out 10% dilution... and how the SP gets to those lows given the recent support from lows???well would be interest to understand.
Self Supporting?? Perhaps you misunderstand what the BBS can be used for... obtaining contrary views, expanding on thought process, general research... self supporting? Well maybe on the basis most own shares in a company together. With that in mind...why come on to the board for the 2nd time after you sold.... why not engage in discussion prior? Perhaps you misunderstand what a B.B. is for.
You sign off as though you are a self appointed enforcement officer. You do however come across as someone who bought in.... got spooked, needed the money back. And took a loss.... maybe (AIM) shares are not for you?
Still seasons greetings and perhaps your next investment will return better for you
Hmmn... not really sure what the pint would be at this point
He can’t divulge any new information.
Would prefer to see and RNS with the interims and he can address the timelines and other questions in a CEO summary.
Double edge really, podcasts make you feel like he is “communicating “ waiting makes you feel like a mushroom.
Tricky... but I guess that is why we pay him the big money