The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I agree with you, we seen this sale before with directors selling not long ago… and the SP crashing back below 10p months later… what worries me is why sell now when there’s THREE potential bidders!! If we were to get sold (not guaranteed yes) the hassle of offloading shares into the market would not be there (esp at potential lower price) this smells dodgy again for sure… I’m invested here for the same reason as you are but this does not smell right and makes investors weary.
Isn’t the dividend 9cents per year as per below
Consistent with the Company's stated commitment to shareholders, the Board proposes a final dividend of 5 US cents per share (US$58 million). This will bring the total dividend attributed to full year 2021 to 9 US cents per share (US$105 million)
When directors sell one needs to sell as well, 10 years of wait for the gold price to climb and here we are 7.8p gold was at around 1400usd when the SP was this low… yet Shanta is in way better position than it was back then…
What puzzles me is that Gold is at 178x right now, Cey has always followed gold and it seems it has broken away from this pattern and is stuck in the down direction. As usual over invested here and am feeling the pain… when and will this soon turn, looking at the historic pattern this has always lifted in December (except once or twice) right now it seems the opposite…