The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That's nearly another £1mill of stock sold, wonder who is picking it up?
PFS on vermelhio due within the next few weeks so bit of a daft time to be selling - from the market presentation "expect it to be well received by the market"
There must be a buyer Woodford appears to have dumped around 1.5mill since the previous notification but his troubles seem to be compounding in the press - with around 60million to potentially offload should he be forced too and a fund-raise due this quarter it's not looking good.
it was Rns'd back in February
"The management are currently engaging a 3 party review of the life of mine plan and are targeting to have an updated plan by end of the second quarter of 2019 with an update to the reserve and resource statement by end of the fourth quarter of 2019"
MM's must be trying to tempt buyers - messing around with the spread to push the price up on no trades.
Bit of nothing some *******s about advising a revolt - nothing of any substance or interest.
PFS on vermelhio later this quarter, "will be well received by the market" towards the upper end of initial assessment.
A "number of milestones will be achieved over the next quarters".
Any good sentiment associated with the stock disappeared some time ago - yes DB has turned things around somewhat and we have learnt a lot of things that were previously kept to the board about rates and dilution etc but we are still just treading water with insufficient capital to carry out essential repairs etc..They need to get the plant running up to 85%.
A lot of investors prefer less of a high stake gamble and the re-negotiation dark cloud has been hanging over for seven months now it needs to be concluded to restore some stability to the whole project.
AAZ now at 161.90 - i was watching that at 39.00 last year - oh well
Could this week be the start of the uptrend and the beginning of the share price recovery.
Gltah
yep those were the final results for 2018 - the interim's are for the period up until June 2019 normally released by end of July
Does anyone know when the interims will be released should have been last week of July?
bed and isa
If you check the previous market releases you will see that this agreement was something that was already worked through with Holzberger at the helm - i assume that it was a question of just going through the motions in order not to trigger a default.
The article in Debtwire mentioned about a very low offer being tabled to the banks to purchase the debt - probably not far off the truth - i can imagine it's been going back and forth between the banks and edwards /candy, maybe there was advice given by HSBC to Candy to continually support with mezzanine loans in which case that gives a bit ore ammo, but on the other hand the increase in gold price sways towards the bank and increased revenue.
At the end of the day it's all just conjecture - there could be a placing, debt for equity swap, the banks could agree to a long term payback over the next five years with a small upfront payment say £10million.
One thing's fir sure as someone previously mentioned Bowden won't take a deal unless it's workable and achievable unlike the previous head holzberger.
Interim's should be out this week.
Should be an interesting week good luck all holders
Was it not just due to dilution in their percentage holding with the new shares issue?
Ray Dalio's piece on paradigm shifts on Linkedin is a very good article with the generalised consensus to buy gold.
https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio - worth a read
Sorry saying that i think it will be sometime next week.