The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
As Mark & others have alluded to I also take no news as good news, as if it was a no imho I believe we would of had it already.
I’m LTH have never traded, however need to move some shares from my stocks & shares account into my ISA, so I sold 20% of my holding yd to hopefully buy more back on a dip through my ISA today. Left majority in incase an RNS lands, may move a few more across if all goes well.
I already give the taxman enough so not giving away any more of my hard earned cash!!
Lenny
The judge doesn’t want to force us into administration, however he thinks admin may not be the only alternative.
From our side any alternative should have been brought up months ago and we are running out of time. I think it’s positive no one wants us going under - but there is a possibility they’ll kick the can down the road and look to restructure the package to get more for creditors (I’ll top up large if they do as I see this positive and SP will drop).
Hopefully that’s wrong and it’s sorted today as there’s been plenty of time to give alternatives and refining the details can be done today!!!
Although the FCA obviously talking nonsense again but I don’t like things like this spilling out into the press. Keep these conversations behind closed doors, it looks tasteless no need for “he said” “she said”. Fully behind GJ and the new BoD and will look to top up again before court. I just hope the FCA don’t play hardball or the hearing gets moved back. Let’s have a clear and decisive SoA is passed and get back to lending ASAP, no more BS now it’s time to start bringing in money to rebuild the business, pay off compensation and provide financial inclusion to the millions who need it!!
The main question on my mind this morning is who was the block trade between yesterday? I suspect after the RNS Mubadala are the seller but who is the buyer? JPM, BB or a new player? Ones exit is another’s opportunity....
After the contradictory Provident Letter & their failure to challenge the SoA in the first hearing you’d think they’d give it a rest. That tweet is very unprofessional just shows what a shower of sh*t they are. I can see the Amigo lawyers annihilating them next week.
From the full FCA letter -
“The FCA previously indicated in its letter of 23 March 2021 prior to the Convening Hearing, that based on information current at that time, it did not intend to appear by counsel to make submissions in opposition to the Scheme and/or did not anticipate further direct engagement with the Court during the Scheme process”
The FCA also notes that the arrangements comprised by the Scheme arise not out of negotiations with Scheme “Creditors themselves (who are involuntary creditors of the scheme company) but out of a unilateral proposal by the scheme company which has not been the subject of any negotiation with Scheme Creditors”
~ What information has changed from the time FCA made the first statement? They were told what the arrangement was from amigo and did not intervene. So why now when nothings changed bar the huge 95% mandate from creditors.
~ Why didn't FCA request that amigo consult creditors to revise scheme arrangements in the first hearing? Again why didn’t they oppose this at the time? I understand people can change their views but that is when NEW evidence or considerations are brought forward.
I’m LTH think it will get through, just hope the judge dismisses the FCA as incompetent but up the contributions by 5-10%. What I don’t want is this to get dragged through the courts for months and the bank balance decreases as lending is delayed further.
Hi all,
Been in here since Nov, topped up on Thursday & am riding it out all or nothing. Out of the positive points we’ve all heard here many times, the factors that standout for me are JPM and BB continuing to buy AND amigo still recruiting. On the latter, I don’t claim to be a SoA expert, but as amigo are running the votes in house with the help of a consultancy, I just can’t imagine the BoD not knowing how the vote is going, so why the hell would they keep recruiting if it’s not looking good!?!?! Also the first court case was surprisingly routine to me, I have a feeling it’s already agreed and the courts know amigo is needed to help millions coming out of this pandemic.
On the other hand nothing seems to go as planned, so can see an increase in the companies contribution to the scheme & maybe another ‘slap on the wrist’, but nothing that’s going to derail 2.0!!
I wish everyone the best of luck,
Lenny (Twitter @lukepinkham)
Does anyone know what trading/broker app Afzal, Doc etc on Twitter are using? They always post screenshots but unsure what one it is..
Link here case you have no idea what I’m talking about lol..
https://twitter.com/afzalvalli/status/1352290566176956419?s=21
Thanks I’m advance
Len
Hi all,
Invested in here a couple of weeks ago been re-reading the recent RNS’s.. Can anyone enlighten me why EEE has a much larger mcap than ORR, but reported grades from drilling are significantly less (x10) than those being reported in ORR’s South African play?
Not a geologist or expert in gold mining, dmor and decided to invest a small stake in here as more of a punt!
Thanks all
Len
Surely there’s got to be someone at Mosman with more charisma (no offence Andy)..
Although these guys do not communicate much regarding the SP - when pushed Andy did mention he expects a re-rate at some point and no need for a placing anytime soon.
This along with drills planned for each quarter and an ambition to explore more means of revenue to fund operations is encouraging.
Just wish he talked the opportunities up a bit more Galaxie & helium play etc
Joined the party today, gutted to not come in a week earlier but I’m hoping for a SP closer to 1p than 0.2!!
Anyone expecting a rise in SP if Welch RNS lands tomorrow? And any idea on next anticipated RNS after the sale?
GLA
Len
I’m not one to ramp/de-ramp but I do believe an RNS will be here before the end of next week, likely regarding the FCA support/lack of support for SoA. I wouldn’t be surprised if they reject it on the basis of 5% contribution of profits then AMGO comeback with 10%+. This will show FCA not being favourable toward AMGO and that they (we) are not getting everything on our terms. I think this could help with court approval & pushing a vote through for the scheme.
Now is the time to keep calm and wait it out as this story unfolds... One thing is for sure IF things do go our way by the end of this year SP will be bags of current value. I’m definitely expecting more twists & turns with SP zigzagging throughout! I’m an investor so won’t be trading but sure there’ll be some exciting/nervous times throughout.
Be patient, keep a cool head and HOPEFULLY we will reap the rewards in the months to come!
GLA
Len