The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Only 8 days to go until the AGM now and roughly 11 until we re-list and fly.
I’m intrigued to see what peoples plans are on this anyone planning on ‘attempting’ to top up sub a penny if it opens under that.
I see this opening up at about 1.6p-2p hopefully and then gathering pace from there.
I’m sure there will be a few sellers after 6months desperate for funds but due to the little free float these should be hoovered up.
Anyone that’s taken money out of here and put it into Rkh need their head checking.Sealion is so far down the list of priorities they’ll be bust before it’s considered. Easy to wait out sealion then pick it up for nothing.
It’s just stating that creditors need to approve deal too. Also says that they’ve received assurances from a lot of the creditors
Yes Pmo’s current shares will be replaced with shares in the new company.
The new company will retian Pmo’s exchange listing as is the case with a reverse takeover.
So, it’s in your interests to hold your shares have them converted into the new company and benefit when price of oil rises again.
“ While the deal is complex, it is thought effectively to value Premier’s equity at about $280 million against $180 million before the deal was announced.”
Means rough value of 31p per share atm for the deal. The new co will be worth significantly more so hold your shares
Opened up at 18p now.
What you have now is a company that can make use of the significant tax credits on 250k worth of super cheap production. This of course means regular dividends from the new company.Deal looks a good one for anyone with a lowish average here. At 35p average I reckon I will make money on this which is all that matters to me.
Well said and true honest words. You don’t get much in the way of honesty on bulletin boards these days on other shares, everything has an ulterior motive.
Someone posted on ADVN which rang true and worth a read. So much has changed since the d4e scared people. Gone from $1300 oz to $1900 and no d4e. Given pre scare we were 1.9p we should sail well beyond that on relist
With the amount of money being spent currently and 0% interest/negative rates gold will hold its gains.
No idea about day 1, but this should easily exceed the 1.9p seen before refinance. Best guess? 2.5p short term 3-4p long.
To be clear the below results in the company completely clearing the debt in just under 5 years. Not taking into account any additional income etc.
All in all this would leave 3/4 years of mine life at the currently explored area of which there is 85% yet to be explored.
Look at it this way, as it stands interest in a year would be approx 15mil meaning an interest payment per quarter of 3.75mil.
Now consider operational performance goes back to pre covid levels before any improvements of 18k ounces. Bare in mind new blowers etc will improve this.
Take your reasonable estimate of $1700 an ounce x 18k is $30,600,000 a quarter. Costs previously (with truck hire costs etc) about $22mil so this will be reduced to lets say $20mil before any savings. This would mean a free cashflow of $10.6mil minus interest of $3.75mil resulting in $6.85mil to pay down debt per quarter.
Obviously interest reduces as debt is paid down and significantly drops once the mezzanine debt would be reduced to 7%.
Theres lots of upside with this namely gold price about 1700, output increases and cost savings.