The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I had an average of I think about 0.75p at about 2.5million shares but purchased another 1.3mil just before suspension as I had faith. So now sitting on an average of 0.85p with 3.8mil.
This should see over 2.5p fairly easily tomorrow as long as enough people notice we’re back.
Okay so I’m anticipating;
Open : 1.9p
Close : 2.6p
I do believe this will be far higher but I’m edging on the side of caution haha. But given we were at 1.9p pre refinance and with gold at $1300 would be shocking to be below 3p.
Actually I take that back AAZ aren’t actually as profitable as I thought..... H1 This year their profit before tax was only $11.8million so $5.9million a quarter.
I think we’re actually already above that level considering our last quarter free cashflow was $6million.
I think (from what I remember) AAZ actually produce around the same ounces of gold or slightly smaller. I do believe though their costs are slightly lower than ours. However we all know Mtl’s costs will reduce as these were only high due to the inability to repair the machinery which led to poor cost base.
I think once we manage to appraise the other 85% of land we’d be a better bet tbh.
So i think you’ve misunderstood slightly.
The resolutions have all been discussed as part of the debt negotiations and thus the lenders have both signed up to a ‘best endeavours’ agreement.
Basically meaning they all agree not to do anything to jeapordise the refinance and thus relisting.
So the majors are in support of the resolutions hence it is a done deal as long as us holders vote for it.