The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I personally think this is just a slow motion dip and recovery, common sense must prevail. The MM's weren't expecting the news quite so soon, they needed shares, they dropped the price triggered stop losses and negative sentiment kicked in, lets face it the market is a twitchy as hell right now) it was a complete coup for the MM's, shorters, and who ever 'else' might want to suppress the price of a company that has the potential to disrupt the entire energy industry. After all Its not just the lowest-cost producer of the highest grade vanadium in the world, its now in a position to make even more for even less, as well as producing the batteries..... Lots of big players with their eyes on this prize who also have the means to buy and sell our stock at will IMO. In addition, while Im here, I also think the recent legal move by Burfield Capital is likely to prise open the AIM can of worms even further and set many precedents for future legal actions against the LSE, some of which are already underway I believe. The LSE has been protected for too long by the FCA, and the FCA is in danger of being seen as enabling market abuse through neglect of duty. In the meantime, I'd suggest we relax, write letters to put pressure on the FCA and the LSE to investigate. The share price will recover, if for no other reason than others want in. GLA
Not sure how many of you are following the BUR litigation case, but Im finding it quite fascinating reading about how AIM work at a deeper level.......Highly recommend it for those who need convincing that there are very dark corners of AIM that need more scrutiny: https://www.burfordcapital.com/media/1589/20190930-burford-capital-and-london-stock-exchange-group-witness-statement-of-richard-charles-east-quinn-emanuel-final-signed.pdf
The stock Market today is infested with 5-year olds with the attention span of gold fish. They swim around the AIM bowl looking for shares that are going UP and put a punt in, and sell at a loss if it doesnt turn into a yacht a few minutes later. Jippy (from a couple of weeks ago) pretty much sums up this new type of investor. They cant read, just ask annoying questions and dont appear capable of patience or understanding the idiosyncrasies of company development .....(how any of them actually have any money to invest evades me to be honest). I blame trading apps/platforms that entice people like Collin the dyslexic taxi driver from Crouch End to To think they are big time traders and slap their pension into Blue Prism because its got a cool name and its his favourite colour...... then freak out the next day when it drops 2 percent and sell. ..........yawn.
Gam, the change of use application comes first, and that looks likely to be approved looking at similar applications in this jurisdiction, they applied for that last September, and it should be granted in April. The mining licence itself will be a formality I believe.
Like many here I’m also writing a letter to my MP about the FCA and AIM. I think its time something was done. In an already depressed market the addition of shorting/agressive trading and MM/broker/nomad games has turned AIM into a race to the bottom. The financial crash ion 2008 was largely due to lack of transparency in the financial system yet, today the FCA wont even tell you what they have done in response to our complaints, and never reveal outcomes. That’s not acceptable. Any investigation is likely to easily identify those responsible for illegal activities, especially as so much of it is in plain sight. It’s just a matter of keeping the pressure on until something is done. GLA
Wondering if a template complaint letter could be distributed to holders here that outlines our case against the FCA with a link to proof of illegal activity ? I’ve often wanted to write to my MP and the FCA but lack the technical knowledge to formulate a convincing argument. Could TBP host this info ?
I’m already liking the fact that after over a year of mixed sentiment on this board (from LTH’s) swinging from out ward condemnation to vague appreciation (of the asset) we have something to focus on, we can say with considerable conviction that our asset is massively massively undervalued, and we can start reestablishing our trust in LR’s (rather dyslexic) management style (and, yes maybe even forgive him a bit). I think market conditions are f******* awful for AIM (and the general market) at present. But we now have a ‘rock bottom’ at .003 which I think is going to offer new investors (once they’ve gleaned the huge multigagging opportunity, and Brexit and Trump are out of the way) a mind blowing opportunity IMHO !
Oh dear Jippy, you’ve mugged yourself Boy ! . I guess you’re not used to being trapped in a share like this. No, its not for the faint hearted, but one thing I have learnt, don’t sell on dips ;) As I said this morning, it’s heading back to 40 now, you can’t invest in volatile small caps like this and be scared of a sell-wall......you’ll need medication.