The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Surely the question is, which year will SAVE quote again.
Jezzoo, you come across as a cynical paper lossmaking shareholder here. Am I right?
Whilst I have every sympathy with your plight and psychological knock, it might pay you financially and mentally to adopt a more positive attitude given the strategic change for XTR in Africa recently and give CB the benefit of the doubt (again).
Just saying....
Interesting to see the CFO buys this morning. But the expert naysayers on here know better, of course.
Right. Anyway, these dates are all provisional and educated guesswork, but we'll all be happier when the MOU-5 spud occurs, before the permit extension deadline. That's all I'm concerned with for now.
By the way, on another topic, did PRD hear back from the Irish DoE yet?
So, @Keith, that takes us to around May 21st for MOU-5 spud if all goes to schedule. Jimmy was about right, earlier, then.
Hey, Lucky, are you going continue writing a post a minute of claptrap here?
Waste of space.
Got this E mail response from MR overnight
"Sadly everything takes time and we’re not always in control of how long to get things done. Investor remains committed at that entry price, we’ll get this done. Meantime we continue to work on DFS using both our own cash plus DFC cash.."
Patience, patience...
Nice one, @Keith, on April Fools Day.
I will have to write again to MR to try and tease out an explanation.
In my darkest moments, I fear that the II money hasn't been forthcoming, and that is the reason for the silence from MR.
SeisNav,
Thank you for reproducing your link to the Hydrothermal channels in ARCM's prospect licence areas.
I'm not a geologist so I'm trading gingerly here, trying to understand better the summary opinion you express about the critical importance of Cu-Sc soil sampling etc, in AA's mind. So please bear with me....
I have questions. First, did AA use this soil sampling approach successfully elsewhere in Zambia or thereabouts?
Is this method, that you elevate to the top of the list of being able to delineate a Cu deposit of size, commonly used elsewhere in Cu-prone areas?
What could go wrong , once AA starts to drill? You make it sound as if it will be like picking peas in a pod (not sure if that's quite right, but I think you know what I mean!) . I know you've been invested here for a good few years now, so you have oodles of patience. But one day we all need to see a good return.
ATB.
You're taking the p i s s there, surely.
Can't believe folk are still living in hope OPTI. Just another AIM rubbish company, requiring more PI cash because its underlying model working out. Oh, and it has that scum TW actually being long it, with his single biggest holding, if you can believe that.
Avoid.
Mralien,
I happen to believe that CB has negotiated the best possible financial risk/reward outcome for Manica, and hence for XTR shareholders by this sale.
The option of a £1 re-purchase if the buyer cannot make payments at any time is no different from the abysmal result for shareholders if we had kept our stake in Manica, and it failed to deliver cash flows to make it viable. Further dilutive equity raises would certainly then arise, with no free capital for Cu exploration to top it all. The sp would crater on that scenario, rather than holding up at a £8mn MC. I have NEVER been a fan of the Manica project, and time has proved me right. BR was a way of getting attention away from that costly venture, and that has been mothballed. So now it's up to his home stomping ground in Zambia, back to Cu prospecting in a "hot" address currently.
Very good luck, CB. We need it. He needs it.
"Explorator subsidiary cash received."
Eh? You mean the first down payment, only, or have I missed something? By 2027, yes, if the POG and Manica mine's operating capability both hold up.
Might be a good idea if one of you regulars here communicated this fact to the company!
Back to the Forties tomorrow, lads?
Ah, those were the days.
My observation, from the outside, of PG's managerial style is of someone who is bombastic and like quite a few other PIs on here, wanting to say things to please the crowd, without fact or confirmation.
EG, the 7TCF number. Not in the ITR. Jimmy's post nails it.
Like the throwaway remark about selling up to PE. Er, what? Where did that one come from?
Like the "sell up by the end of Summer 2023" Roast chat throwaway comment. Why say it if you haven't got any reasonable chance of securing a good deal.
I'm afraid PG runs a very small ship, rather more like a boat actually, undermanned and undermanaged, and very vulnerable to the choppy seas and pirates lurking out there. That's my biggest worry about PRD.
Last question, whilst PG was referring to a 7Tcf prize, did he actually state that an amended drilling licence has been procured yet? Seems much more important in the sequence of matters here. No point in projections if someone else can claim the prize one day.
Just goes to show how overvalued and hyped up THX was back at its UK IPO. £130mn for an explorer/developer at that time?
So let's get this right.
A certain ROB thinks PG is being played by the "Big Boys".
We PIs have been played by PG, for placing after placing.
Quite a menage a trois.
And the T&T oil cash flows look back-ended in 2024 onwards now, so goodbye funding for MOU-5. Another placing by mid-year is the question that needs to be asked tonight, but which will be summarily dismissed.