The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Boffin. Not an amazing RNS by any means, and i can understand why we are down today. But i tend to agree with you, we are three months ahead now, and i think things have definitely turned a corner since especially since the end of December. Probably a decent buying opportunity for many. ATB - Patters
https://www.marketwatch.com/story/antofagasta-copper-market-to-tighten-in-2h-2018-2018-03-13 "The copper market is expected to tighten in the second half of the year and to be in balance or in a slight deficit for the full year. From 2019 the likelihood of the market being in deficit is expected to increase as mine supply continues to be affected by the long-term trend of grade decline and lack of new investment... the few projects that have been approved or are awaiting the final stages of permitting are only expected to come on-stream in the next decade..." "There are an unusually large number of labour negotiations taking place in Chile and Peru during 2018. With the backdrop of stronger copper prices, employee expectations may be raised which could result in some supply disruptions in the region." Patters
I was invested previously here. OK they took some cheap options and some bonus shares, hopefully they learnt a lesson. Anyway, I bought in at 1.30p which I am happy with - let's see where it goes!
It was unacceptable, but they did provide some extra clarity on a recent RNS: "The Company confirms that presently it has no intention of issuing further options to management or staff until the current award period has expired (1 January 2023), other than in the event of exceptional circumstances." I actually bought in today, did my research, and I feel it's a good price and hopefully Ariana have learnt what is necessary to build the SP.
quotes from company website: "Our strategic goal is to grow a reliably-profitable long-term mining business comprised of these �Weatherly-style� mines. Our immediate plans are to continue optimising our flagship Tschudi mine while carefully preparing Otjihase (placed on care and maintenance in 2015) for a resumption of operations on a larger scale than previously, targeting sustainable copper production of 30ktpa in Namibia at costs below US$2/lb. We are strongly supported in these endeavours by our largest shareholder, lender and main offtake partner, Orion Mine Finance. Capital discipline is key. We will build a small profitable mine before we will consider building a bigger mine which might never repay its investment." http://weatherlyplc.com/about-us/business-overview-strategy/
If there is a fund-raising for new investment - it will be to move forward with something positive (i.e. restarting central ops). Just my opinion of course. Orion is already supportive (Berg Aukas & Kitumba consent/approval).