The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Could the large trades be Allianz offloading more. In the last RNS they had halved their holding. even with the dilution their holding would not have halved so they must have sold and are probably still selling.
Yep. Dropped about 10% at first but then came back for us.
Posted on Panther Metal's Facebook page.
It's official! We'll be ringing the bell Friday December 10 at 9.30am AWST. We can't wait to get going, with plenty of nickel, cobalt and gold targets to explore. Stay tuned, and if not already, get on board!
Yep. I added more last week at 12.3. Happy to have built a good holding.
https://www.businessnews.com.au/article/Panther-Metals-set-to-hit-ASX-with-gold-and-nickel-assets
Looking forward to the next week or two.
I thought that tweet might magically disappear so I took a screenshot yesterday just in case it was needed to prove a point later. BTW, even the PowerPoint slides that were used during the investor event were corrupted - not only the recording. Such a pity that we are not getting to enjoy the value that this company could offer.
With a market cap of 23m and the ML already in the bag it shows the level of faith the market has in this Board of Directors. Phenomenal. They should think about listing IMSL separately so the 2 businesses can be valued in their own right. The purpose of a company is long term maximisation of shareholder wealth. The Board of Directors is falling way short.
In the investor deck from just under a year ago there was a second project for 15+ additional caverns included on the project list. Status was feasibility study completed and FEED next. Anyone remember this or know what happened to it. That project list is pretty much in tatters.
I think there was a discussion on this board a few months ago about the level of turnover required to breakeven given the gross margin. Consensus was around 60m @ current gross margin levels was needed to cover the admin and overhead expenses. This would equate to 5m revenue in December to reach breakeven on an annualised breakeven. Let us say 10m for November and December - I would say that is feasible. The trick is to do it month after month to get a financial year at or above 60m revenue. One or two months is a different story - then just simply annualise!
Fully agree Hazbeen. With access to capital very high at the moment and cost of capital very low there is almost certainly now a decent credit facility in place. The expansion of the workforce and the CAPEX would most certainly not have been possible without access to debt..
When would the SNIP need to be reversed in order to allow the IM gas storage to benefit the UK? To get full value of the storage, this has to be done right? I wonder if it could be wrapped into one deal to maximise the value for the partner?
Thanks goodness we don't have to look after the lifeboat stations. Not in the strategy and would have terrible margins. Stick to the strategy.
I find it very weird with such big news yesterday that there are only 15 trades today. Only ±20k bought and sold. Odd, very odd. At least to me. Thoughts?
Big demand indeed for the Aussie IPO indeed. Hopefully with an over subscription we will see an Aussie SP significantly above listing price very quickly. 36% of that deducted off the current market cap in London will very quickly show how undervalued the Canadian assets are.
Already on Twitter this morning. Didn’t take long. Work is well underway after the topsoil strip was all clear, giving the green light to our digger to get digging
https://twitter.com/islandmageenrg/status/1457968170975825926?s=21
Fully agree Tapp. The investor relations is not the best - time to step it up. We were promised regular trading updates. I think we got one since the promise was made and it was devoid of detail. The second one did not come on time and was substituted by the Interims about a month later. Even the RNS about the RNLI today did not contain any financial information whatsoever. My view is that securing debt finance is key to prevent another raise. A solid credit facility will probably unlock the SP through relieved uncertainty about going concern.
I would estimate that the 10 year NPV would be higher today. It is linked to gas price volatility and when it was prepared the volatility was nowhere near what the new reality is. I would also estimate that with lower cost of capital the discount factors would be lower thus increasing the NPV.
Great to see more business coming. Based on the recent interim report we need more than 60m revenue at current profit levels to break even in 2022. I think admin expenses were about 15m and the gross margin was around 24%. Given that admin expenses will increase due to business ramp up as well as annualising the current numbers from the interims then we need well over 60m in revenue to break even in 2022. This is of course from a profit perspective which is less relevant than the cash flow break even. With revenue comes credibility and with credibility comes long term reasonably priced debt finance which is sorely needed. Of course the ML will come and that will change things dramatically, but the segment split of planned revenue would be interesting to see - ship building, repairs, decommissioning etc - some segments are zero so diversification needs to be improved! As a (very) long term holder who has frequently topped up to more than 800k shares I do feel we are finally seeing some light at the end of the tunnel - and it is not an oncoming train! There are a lot of things that could have been done differently by myself and also the BOD but those are in the past.
https://twitter.com/darrenhazelwood/status/1452205257661067292?s=21