The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I wonder why the Angs share price is not going up even though the sidetrack drilling is successful? Now I know this is the market's reaction to the upcoming Annual financial report (RNS). Angs released its Annual financial report (RNS) yesterday after the market closed. The bad news came out, and Angs chose the time after the market closed yesterday to announce the bad news, which gave the investors enough time to understand and accept the bad news. Next, Angs will continue to announce good news about the sidetrack, and the broker will also push up the stock price. So, Angs share price should rise to 2p before April 1st. Don't worry, everyone, you should take the opportunity to buy.
Atalantic lithium Ltd and the Ewoyaa project are two different concepts.
the Ewoyaa project is a project of Atalantic lithium Ltd. Piedmont and MIIF invested not in Atalantuc lithium Ltd, but in the Ewoyaa project. What they hold is not the shares of Atalantic lithium Ltd, but the equity of the Ewoyaa project. The more interests they have in the Ewoyaa project, the less the Atalantuc lithium Ltd shareholders have in the Ewoyaa project. Therefore, for All shareholders, MIIF's investment in the Ewoyaa project is bad news. Because Atalantic lithium Ltd is not short of money to develop the Ewoyaa project, and All does not need MIIF to use US$30 million to acquire the equity of the Ewoyaa project, thus reducing the interests of Atalantic lithium Ltd shareholders.