The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Kind of funny that as soon as you posted, 4 buys came in to equal 12 million.
Let us have news before the 12th please or that conference will be meaningless 🙏
He does have a point though. GR and Stark have been throwing dates and words around for months now, acting almost smug at times. And none of those timelines or words have been met.
So at the end of the day, at least to me, if it is not in an RNS, it means nothing.
Roll on some good news this week, I doubt GR wants to fly through hemispheres just to get small sized £9 Budweiser bottles thrown at him. Anyone going to the conference? Registrations close tomorrow I believe.
Medjed, that is actually a plausible explanation, fair enough. Thank you all. Onwards and upwards!
Anyone thinking of going to the conference?
But what does that mean? He's going to use it for long term financing? Why need it if we are producing and selling? Seems like an overkill to me and a contradicting the positve news being released. Of course GR knows things we don't and Canmax might win the vote and put us in trouble but 5 billion to keep aside "just in case" seems a bit excessive? If we can actually produce SC6 wouldn't we rely on a potential new investor? I voted FOR by the way, just trying to get my head around why raise the float so much for "future headroom".
But again, as most of you allude to, if discussions are amicable, if a new deal is struck, if we can produce sc6, if we can sell it in a few months, why raise 5 billion shares? Wouldn't 1 or 2 billion suffice to keep the lights on until first shipment even if it's just for a handful of tonnes? Especially as such positive confirmations would raise the price so the 5 billion may be too much?
Hi Jenkoo, of course Canmax will want more benefits and reassurances for the future, no way they will want a repeat of what has happened, that is totally understandable.
However, if the parties come to a new amicable agreement, does PREM really need to raise 5 billion shares still? Wouldn't that exercise be pointless at this stage? Any thoughts are welcome.
Have a great day all!
Love it! The fact that the relationship with Canmax may continue for the benefit of both parties has injected some new hope in the market, especially for those on the sidelines unsure of the outcome. If next RNS confirms the initial agreement (plus some extra benefits/reassurances for Canmax of course) we will see the high 0.50s and maybe even 0.60s! Let's go PREM!
It is very odd indeed, appreciate PM1 for being on the ball since 7am and catching it. We should see a slow increase as the word spreads.
Acker, so good to see common sense prevailing with Canmax. I am pretty sure they will want a bigger piece of ownership now. Shame that Stark still cannot deliver on any of their targets and promises, they must be sweating bullets.
But glad to hear some positives finally. May even pop in at the conference on the 12th if available.
Elliselblow, very hard to say. I know that us small guys at T212 have a limit of 12 million shares so our impact is fairly small compared to the giants holding 100 million shares here.
Hi Elliselblow, yes that is correct, Telegram group and Whatsapp group.
To be fair I have always received voting emails from T212, they've always been fair.
But we at T212 are "small fries" compared to the big players here and in the telegram group due to the size limit we have. But it's still good to get every vote in.
Great thread everyone, thanks. A bit of an update on Stark works, some update on July 1k tonnes target, some type of breakdown of what the 5 billion shares will be for (sales pitch) and a little bit of cap in hand behaviour. But i agree with those that hinted towards this being an interview where he needs to rebuild some trust and faith into the market. Should be considered a highly strategic interview imo.
Noel in the Telegram group has been trying to keep a tally of the votes made, not sure how reliable it is though, probably not much.
https://ibb.co/mRBHV9L
All resolved, all voted. Good luck to us and hope we get more clarity with the interview.
Unfortunately not possible as of yet but they seem to be working on it. Will wait another few days and chase them again.
https://ibb.co/F0TSkLy
Have not received the T212 email for my voting yet, hopefully this week.
Apologies if this was discussed already, but if we succesfully start producing even just 50% as per Stark promises, would that fact alone not end the FM automatically? Why did the last RNS talk of 14 more weeks of FM? Thanks all and fingers crossed!
A couple of days ago we talked about a lack of trust. With this gesture, the CEO reinstated some trust and belief back into the market. A good step and he definitely gets my votes. Was not expecting 5 billion shares, more like 3, but alright.
Next positive RNS should be "We have grades of SC5.5-6 at Zulu!". A full blown unexpected Zulu RUS would really bring this back up.
I don't think it's much about patience anymore. This is now about trust. Too many missed deadlines, too many fake promises and too little transparency/communication. Until PREM/Stark/Canmax etc rebuild relationships and infuse trust back into the market, this will not go too far.
Seems to be working fine now, I get quotes to buy and sell regularly
Agreed Dr., it's basics of financial agreements. What really surprised me was the speed in which both parties "retreated to their high ground defensive positions", almost as if it were all already planned. And it surprised me that neither GR nor Stark once ever said "oops, apologies to Canmax for the unforeseen issues and delays". Both sides seem stubborn but if you take someone's money you need to expect consequences if you don't deliver what they asked. I'd be at your door on a daily basis. Hopefully common sense will prevail, this whole situation is somewhat surreal.