The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's a win win. If GE float goes well then they could even make a play for us for the other 10% of their field and get the other for free. Oh the irony. Let's hope our beloved CEO doesn't mess up the possibilities with his Texas ambitions. He isn't JR (google it if you are too young for the reference people :)).
Agreed. The oil is paying the bills
Nothing more nothing less. If it all came from 1 well then the situation would be more clear cut. We even gave away an extra 10% of cinnabar due to lack of funds. Concentrate on the real potential earner.
Well, I have added a little. Worth more on speculation alone. Definitely need a different CEO if this company is to go places tho. This company has a lot of potential in the Australian assets, but it feels like it is being run from a care home.
I will be honest, I am trying to work out what I am missing here. Markets seem very sceptical, not just of this company but I would say of AIM in general. In my books this company has done very little wrong, a few teething problems but nothing of real significance. I have an abundance of faith in this company. Time will tell if I am right or the market. A good update would change the market perception in moments. Happy to be patient.
FF, are you genuinely telling me that if the share price were to improve by them taliking it up that they wouldn't fundraise straight away? Get real. Looking back at the RNSs they knew what was happening with Falcon and continued shafting shareholders. IMO. DYOR. It is there to see as far as I am concerned.
If there were any fundraise then I would prefer it to be for the Australian assets. Many investors are of the same position. By now it should have been fully profitable and in a position to invest time money and effort in the Australian assets. Having numerous low level production sites with work over costs outweighing the original investment is not the way to go. Time for change of strategy. Again, genuinely think a listing on the ASX is better for the Australian assets. An offshoot company csn realise our REAL assets.
That was a proof of concept. We should in theory be well on the way to 30000 tpa by now. Just awaiting the rns. All is in place. If it drops any more I will be adding. Fingers crossed for the good news, hasn't really been any properly bad news to date to be fair.
Could definitely do with sorting their PR out tho. The fact that if you put Primer Design into Google on your mobile the first item to come up is a sponsored add by Thermo Fisher. Clever advertising on their part, and in itself a compliment to us that they felt they needed such a ploy. :)
I agree cash is tight, first sales of the smelted product expected Q2 tho and I believe they will keep to that 1 based on progress on the refurb. Let's see if it's enough. The first sale will be small, but even a 200k sale of finished product will get the ball rolling. Totally agree, not much information to go on. I have done my own calculations but until we have concrete production numbers and targets then the information is limited. I am sure another round of interviews will be happening sometime soon.
When it came to the r & d I recall them mentioning the 2 year development time for many new products. As such it really depends on when they started the products they are working on. Such is the nature of the business that they wouldn't be able to give the exact details of research. Just hoping that these products come good. Been in it that long that not going to completely give up faith now. Once totally new products come out hopefully this company will get a bit of new momentum.
I agree that the reserve report will come first. We both agree that a placing is coming. You have suggested May, I think a lot sooner. If the share price is at least double what it is now then not the worst thing in the world if done at that price.
I agree with the 150k estimate. Let's hope he does the small value added investments first. Unfortunately we were loss making beforehand so a good ammount of those sales get eaten up. If only there were an answer to Falcon, now THAT would be a great Rns.
However the cost is described all I was saying is that the year end cash in bank depends on if the 600k usd were paid last year or this year. If this year then cash in the bank is minimal. I would be happy to be wrong and that a placing isn't imminent. Time will tell. I just want this company to be in a positive cash flow position. Continual workovers make that hard.
It may be closer than you think. Don't forget on Cinnabar there was a completion bonus on a successful drill. Technically it wasn't completed until new year. That cash in the bank isn't as big as you think. The hydrogen play should be listed ASAP. It's a buoyant market right now on the ASX for such developments.