The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No problem Pompal.
Everyone is entitled to interpret as much as they like.
But in all honesty. none of us know any more than genuine information than anyone else so that is all it is...interpretations. We're all trying to work out what is going on to validate our investments.
Yet, while we continue to intepret, the BOD continue to surprise us because, let's be honest, almost no one saw firstly JV and then the Japanese interest coming.
So whilst it is all interesting to try and guess what is happening, we could still (and i believe most likely will) be surprised (happily I hope!) at the outcome when this all comes to a conclusion.
Good luck all
I did not make any reference to an RNS so no need to go back to school and read thanks.
What I did read, in addition to the RNS's, was the EGM Circular available to download fro the Eurasia website, which expands upon information given in the RNS's.
The EGM circular is explicit in stating:
"The Rosgeo JV aims to establish a world class PGM district on Kola with the Monchetundra asset as the cornerstone project."
The one thing to note is that, although the company timetable states that the AGM is June each year, last years AGM was actually held later on 18th September, so if the company follow 12months later with an AGM then it's possible that we won't have the AGM until September. Therefore the resolutions may be needed 'for negotiating strength' until then.
Let's hope not.....
Quite possible, none of us know for sure, however the EGM circular is explicit in stating:
"The Rosgeo JV aims to establish a world class PGM district on Kola with the Monchetundra asset as the cornerstone project."
Therefore I cannot see MT being sold as part of 'old EUA' then 'new EUA' moving on with the Rosgeo JV. It's clear to me that MT is all in with the Rosgeo JV.
All interesting theories though, and hopefully it won't be long before we find out.
Personally can't see an RNS before the EGM, but we all have differing views and no one knows more than anyone else. However, I do agree that patterns/behavior/sentiment appear to be shifting. Good times on the way hopefully!
Good luck all genuine invested.
The RNS was quite clear in stipulating that it wasn't simple case of GlobalCo not wanting CDX! The issue at the heart of this problem is that GlobalCo decided not to licence our IP. Two very different things.
"The Company continues to work actively with GlobalCo in relation to development of the antibody, and to negotiate with GlobalCo to determine the exact terms of the licence and GlobalCo's continued involvement in the progression of CDX toward clinical trials."
Despite being extremely concerned right now. I don't blame the company for the bad news reragrding CDX. There were /are 2 parties to a deal and the other decided to differently to that which we wanted. That happens in business.
Sure, it's not panned out as we hoped for currently, but it is now crucial how the HEMO act to deal with the situation. This is how we measure the competence of the management.
At the moment, due to the deafening silence, I feel badly badly let down by the management.
However, the RNS (although vague and poorly worded) DID tell us that a deal regarding the way forward with CDX was being discussed. So although it may not be the original type deal that we all kind of expected, I am hopeful that there is something else going on here, and share the view with some others that we will hear something pretty soon.
CDX is not dead in the water. It does not stop here. Some news IMO has to be almost inevitable.
I simply cannot believe that the management/stakeholders are flippantly allowing the share price to collapse like this, and just carrying on business as usual.
I fully expect that there are serious discussions/maneuvering going on to remedy the situation. So whilst I do not want to crystallize a loss, I am prepared to wait and see what transpires over the next couple of weeks.
Each to their own of course, but hold your nerve.
Whatever decision you take with your holding; do it with a clear head.
Good luck all genuine holders.
Micky, Form.your own opinions, dyor and stop relying upon posts on a BB to make your investment decisions. No need for the language you use either.
It's quite possible that Global are not exceeding their option because they are doing something bigger with the company itself. And maybe that's why the CBR looks like it may be splitting to a separate entity. Who knows, but I think we'll be hearing further development s pretty soon.
My take is that the resolution requiring approval at the EGM is needed for possibly the final piece of the negotiating jigsaw.
My reason for this:
1. EGM is 28th April. so the resolution will/should be approved for May onwards.
Quote from the Official Circular "The authority granted by this resolution will expire on the conclusion of the Company's next annual general meeting".
2. EUA corporate calendar is AGM in June each year. So it is quite possible that this resolution expires within 2months of being passed.
So why the rush for the resolution?
Re: page 7 of the circular:
The Directors are confident that the ABILITY to allot securities and DEMONSTRATE a capacity to develop the Kola PGM and battery metals district independently of other strategic options available to the Company benefits the Company and its Shareholders by improving Eurasia’s NEGOTIATING position.
So, we need the ABILITY to allot shares (if we wanted to) to DEMONSTRATE our capacity to develop the Kola PGM district (incl Monchetundra, see page 9 of the circular) to strengthen our NEGOTIATING position.
Now, I have no idea why this would be as the negotiation of this whole FSP, JV etc etc must be hugely complex, but it all "....benefits the company AND it's shareholders" so that is good enough for me.
IMO the endgame is approaching, and this cannot wait until the next AGM because we need to demonstrate this capability NOW.
As I said before, wither way this goes, it is now completely dersiked for me, so time to forget the bots that are more and more desperate and sound like rank amateurs with their poorly worded playground jibes.
Stick to the facts that we are privy to, and you'll most likely not go far wrong!
Exciting times are ahead!
All IMO. DYOR.
GLA.
A couple of observations from the circular; it says the following:
Page 10 "Formal Sale Process.....Non-binding offers have been received and are being progressed" i.e. the FSP is still on.
Page 9 "...The Rosgeo JV aims to establish a world class PGM district on Kola with the Monchetundra asset as the cornerstone project." i.e. if Monchetundra is being sold, then the JV (and all those lovely huge resources) goes with it.
GLA
Kudos to Halifax.
They advised to send to manual trade to minimise the spread, and managed a buy/sell of 27.05/27.00 resulting in a cost of just £62 (loss of just 230no shares), plus the Bed& Isa fee. Very pleased.
EUA is now a 100% ISA hold for me. Time will tell, but I think that will prove to be a few quid VERY well spent!
Come on EUA, let's have it now!
Good luck all.
This is THE song you need...
Lorde - Precious Metals
https://www.youtube.com/watch?v=-V29gOyaDGk
GLA
Thanks all for your comments and advice.
37mins on hold, but got through to a very helpful lady who advised best course of action to hopefully minimise the spread.
It's all in the system so just got to wait for the outcome.
Fingers crossed th