The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Think we have been sold down because a few of the primary numbers have been adversely altered to what the company had been telling us for a while..that is not to say that we still have a very viable project on our hands but payback is now 19 months and not the 4 months often reiterated..operating costs are higher and as a knock on IRR is reduced somewhat ..still a long term holder but a little disappointed with the numbers..good but not as great as we were built up to expect
LL .. I think NH is only too aware of his abilities and limitations and has said so in interview whereby he said as much..do what you are good at and get others who know better and that is why he was instrumental in getting Keith Muller on board..we have a lot to thank NH for both financially and making important decisions..there are a number of AIM companies whom I would suggest could do with more technical help rather than rely on the ceo to make decisions
I remember NH saying there was no hurry to do a deal on the other 50 % as the queue was probably only going to get longer for it but it will probably happen in the not too distant future. My feeling is there is a little bit of negotiation going on as to how much the Ghanaians take in the way of royalty..I know there was an agreement in place but from reading various articles about mining in Ghana historically they have not benefited as much as a nation as they might/should have done and do not want to make the same mistake again with what could be a huge resource..just a thought
I believe that once the company has published the DFS and received the licence to extract any offer would have to be such a knockout bid , as the reasons to carry on and build the mine and continue exploration is so compelling ..the rewards for shareholders from dividends could far outweigh any mediocre offer which I do not think the company would accept anyway
Not necessarily Mikey as there is often an orphan period for exploration companies after they have made a discovery ..early speculators tend to cash out when the sp has made a big climb and other normally instis come on board for the bigger picture not withstanding there are always risks such as fluctuating commodity prices , funding risks and technical..however I will add that I do not think any of those risks will have much bearing on ALL and when the wider market does sit up and take note then we will be on our way..just a very good time to keep a core and trade the dips imo
I think showing their intention to invest did somewhat contain the price as the sp entry price and possible dilution was not known and held others back from investing and now NH made a reference to them maybe taking a little longer to get the funds together ( if at all ..of course that could be a possibility ) . As far as the ML is concerned I think that is well into the process and we should hear something this quarter