The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's £1.868M in total.
The £1.576M less expenses referred to looks like the amount outstanding for the Cameroon earn-in (£1.56M) so I think this is easily explained.
That leaves 0.293M plus what cash they have already (500K-ish ?). So £800K left for running costs and whatever else is in the pipeline.
Remember a new acquisition was mentioned in the investor call.
I have similar thoughts to hiblue in that AA's direction has lead to a sole focus on Fwiji. Maybe having more data for Fwiji takes them closer to a transaction, compared to having less data for each of 3 targets. Is it possible that the 8,000m plan has been increased and more rigs are operating at Fwiji?
Unwise if I could like your 13:10 post x 10 times I would.
It's all guesswork and like Unwise pointed out we're not considering grades here which if good enough could blow all if these theoretical numbers out the water. It depends on how commercial the targets are considered to be.
It sounds too good to be true to talk about 40p / 45p + I know, but that doesn't mean it won't happen one way or another.
Agreed we shouldn't discuss possible targets but that's a different conversation all together. We're talking about information provided by IFC.
Rooblertwo you'll never know for sure what info others have or haven't received from Tim so best just to decide on whether you believe or not and forget about it.
I can't see how those posting will gain anything by misleading us and they don't need to prove themselves. Some of us appreciate their posts so maybe we should let them carry on without scrutiny?
An extension was mentioned in the original AA RNS.
14th July / Exclusivity Agreement with Anglo American:
"During the exclusivity period, Anglo American will be permitted to conduct a technical review which, if satisfactory, may result in an extension of the exclusivity and the negotiation of a commercial transaction"
It describes an extension as a green light following AA's tech review and therefore should be considered a positive towards concluding a deal, and in no way indicates uncertainty.
It also states an extension 'may' happen which has to be included in any agreement of this magnitude IMO and it doesn't mean that an extension is likely to happen.
I won't be surprised to hear AA news soon personally.
Same from me Dcat many thanks for this research it's truly impressive. Great BB here look like a good bunch with lots ok knowledge.
Hello Westie50 it seems we have the same plan in mind! Exciting times ;o)
Jase86 I'm not sure about all brokers but with HL you don't pay the spread. The shares that are sold from the trading account are put aside to ensure the the same holder can buy them back into their ISA and it usually costs around £50. At least that's how HL explained it to me and my experience to date.
Many would have loaded up here at 1.5 to 2p in April / May (including the placement shares at 1.7p) in time to ride the usual SP lift into the summer and autumn months. Nice profit there and many would have always been planning to sell or de-risk at this point. Surprising with the AA news admittedly.
Of course other forces may be at work here too.
Yes your shares will become active in your trading account. You'll need to transfer them back over to your ISA if that's where you want them, but this is subject to your annual ISA allowance and taxable profits at the time since you're affectively selling and rebuying your shares.
Not AIM
Another recognised exchanged
Agreed Graham
Guys I appreciate there may be history between some of you but individually you all make interesting posts that add value and balance and it's a real shame to see these negative personal comments sour the board.
We should be preparing for good news and celebration here it's a little ironic that the tone of the board has declined somewhat. It would be nice to think your differences can be put to one side or at least filter each other.
Life's too short and wins are too rare. Hopefully we can stick to copper chat and getting wealthy.
I don't expect one of the hottest prospects in Zambia with a high likelihood of multiple tier-1 assets will sell for $260M. I'd be stunned if ARCM would even consider entering an AA exclusivity deal that valued the licenses at such a level.
I'm fairly sure the BoD won't be planning on returning 10p here and whilst it's all speculation I think we should be expecting something much more substantial than that.