The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Who are the brainless selling below the raise price?
It certainly ain't the placees that's for sure?
Don't you get it, the price was pumped up on Friday to facilitate the raise, the placees forward sold hence then in profit!!!
Get a grip people?
Mr T
I believe this raise was inevitable, I'm surprised it didn't happen earlier? maybe they were hoping the sp may have reacted more favourably to the earlier news, but the AIM market at the minute is stagnant. Bear in mind the last raise here was for £300K in June 2023.
Anyway, done with now, but, I suspect if this project flies, and we should know more details very soon, then they will need a shed load of money to be able to pursue it, or external finance will be required which will diminish the share.
My expectation is that the sp may end flat today as thereis significant buying going on here if it continues it may even turn blue later today. Then I expect a sustained rise in anticipation of the news to come.
This from the RNS
Your directors are reluctant to dilute at a low share price in challenging stock markets, but the potential prize is too rich to put in jeopardy."
I believe this to be the significant sentence in this RNS?
Mr T
Pauly,
No, he's a hugely successful farmer don't you know? Drives milk floats and eats solar panels for fun!!!
Me thinks he's in his mommy's house, in his room plastered with screens, doesn't get out much and spends days posting on these sites to amuse himself.
I've told him frequently that the future is not EV's and never will be!!!
Anyway leave him to it.
Hopefully some good newsflow will be coming to Clon at long last and we will see some increase in the sp back into the teens for starters.
Mr T
Asimple
Yes the cap certainly fits you, didn't you ever learn "never assume" son!!!
Now run along and learn some Simple manners!!!
Keep that big en out of my posts if not aimed at you.
Think about it, you were the only one assuming my post was aimed at you!!! You plonker Rodney!
Keep thinking though, or not in your case, lol
Mr T
Middeagedbloke
What other platforms?
As far as I know Clon is only traded on one platform some other aim shares are also traded on the alternate platform but not Clon.
Please post the links to the platforms you refer to as I would be most interested to see?
Mr T
Not the news we were hoping for, nonetheless another step in the right direction, but, nobody appears to be interested!! which is a little worrying?
Hopefully once the main news drops the market will sit up and take note and investors will start investing in bzt?
I wonder how long this licence approval will take, I cant remember when the application was submitted but it was an awful long time ago.
Mr t
Some further good news, loan repayment extended, although I suspect this will eventually be converted should the sharecprice achieve the targets set!!
Reference ti the licence, again, yet another teaser but we still await confirmation.
Mr T
SOS
Agreed, all positive and does look as if we could be up and running early 2025.
Licence appears to be a formality from what was said so I assume that should drop by the end of May at the very latest.
Once that is secured the newsflow on Hope will be regular I would assume, hopefully we will then see a gradual rise in our sp leading up to production.
The key to it all will be how the financing is structured and what element of income we achieve at the outset?
I'm prepared to wait now and see how this runs, let's let the story unfold and see where we are this time next year.
Mr T
Morning Prickly,
Thanks for whar appears the most exciting update here for many moons!!!
I have been in correspondence with the company over the past months and to be fair I have always received a prompt response which usually is a good sign!
We do need some urgent positive news here to shift the sp which is on the floor.
Good to see you back on the board also, I was beginning to think you had given up!!!
Mr T
DVH
You are probably correct but until we know for sure then a mining operation is where this is headed.
The licence is now imperative as will be the finance package put in place if one can be!!!
I emphasised to the Company last week that news had been non existant here over the past months and I have persisted in calling for quarterly updates on Mankayan!!!
Anyone selling here is obviously desperate for cash so we have to hang in on there for the end gamewhether it is at Hope or Manksyan.
The other assets are irrelevant currently imo, unless someone wants to purchase Eureka from us?
So, I will sit tight for 2024 and hopefully be able to get out at a higher price than where we currently sit?
Mr T
Every,
I have had a serious conversation regarding updates or lack of them here, with the company.
Apparently the lack of updates in respect of Mankayan was because the Nomad thought speculative commentary on Mankayan would create a "false market" whatever that may mean!!!
I pointed out that if anyone had created " false markets" here it was solely the Directors through lack of updates and total inaction.
I have been assured my comments in respect of Mankayan in particular will be passed onto to the board and I have specifically asked for quarterly updates on Mankayan to see what is actually happening, if anything! I pointed out that the only time we hear anything is when we are required to fund the project. Soon at the rate of dilution with said funding we will be left with next to nothing?
Let's see what happens.
Meanwhile the licence saga goes on at Hope!!!
What a total mess?
Mr T
correct, placees or finance backers do not lose money? i guarantee that. its the poor pi who loses money ie you and i?
clon has a decent backing if and when it requires funding and is usually forthcoming from its australian backers.
we need a period of updates here not just a "one_off" overview and then nothing for months. the sp is on its **** and the slightest bit of decent news will see it back into double digits.
mr t
Flatliners
You really should get out more.
The last placement shares were at 0.08p therefore I doubt whether any placees would be offloading at a near 50% loss unless they are completely bereft of any intelligence??
I thought today's news although vague, was relevant enough for a rise back into the .05's at least as it does actually indicate the game is still very much on.
Hopefully this is the start of a rich news period as we have suffered radio silence for months on end.
Mr T
Every
I received that nonsense in response to my first email before Christmas.
I've since sent further emails primarily in respect of Mankayan. The company denies any work is ongoing currently regarding infrastructure etc Mereley a little planting and road work????
The one-point I am unhappy about is they refer to AIM rules preventing them presenting commentary on Mankayan as the Nomad is concerned itcwill create a false market????
I nearly fell off my chair over this bull. The Directors have proceeded to crash the share price over the past 18 months thus creating a false market!!! The value of the company is now Nil or its value is more or less based on a cash shell!!! at best..
The mentioning of AIM regulation preventing the Directors updating the shareholders quarterly of action or inaction in respect of one of our major assets is quite frankly laughable at best or attemtingvto treat shareholders as if they are stupid!!
I'm continuing with this theme currently on email until I receive a satisfactory reason we as shareholders are not entitled to updates on our asset. It certainly has nothing at all to do with "false markets" whatever they may be that I'm certain of.
Mr T