The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
what!!
lowest cost mine + local grant + local investors + local bank support + backed by the worlds largest asset manager + developed and built well before the average mine time frame + weeks away from commercial production into rising Tungsten price trend.
Reckon it's a hold or buy more IMO.
Oldy The Company said it will need to add additional funding over the next two months.
October and November come after the month of September assuming the Gregorian calendar is deployed by MM.
Also no mention of what is required just that another Spanish investor is in preparation to pony up 2 mil at a huge premium to current SP.
That value could be more or less than whats needed to cover the period before commercial production that appears to be targeted for December or in approximately 8 - 9 weeks time.
A very pleasant 19-20 degrees sunshine for the next week at LP.
Makes sense loads of balanced posting yesterday and then nothing today. Very spooky, but it is Halloween soon.
On a roll today DB, wot happened to the other devil?
All for an mc of 22 mil, cash being spent, but it's adding value by developing knowledge of the resource using the pre-existing concentrator and building a stockpile of preconcentrate, whilst also moving the Jig to design capacity.
More and more pieces of the puzzle are getting filled with one remaining part of the new concentrator awaiting commissioning within weeks not months, at which point the stock pile can used on 2 concentrators not one.
IMO this is why Spanish investors are happy to pay a premium on the current SP, as it's easy proffit for them whilst also supporting the local community.
He's built the cheapest Tungsten mine by a country mile and galvanised local support by receiving the lion share of the grant money for the local region and also recently arranged for local investors to buy 1 mil worth of shares at 0.5p.
He also holds 20% so loads of motivation to see this through.
Nice summary Tro, more bashers = more profit and WOW we've had a shed load on poor little ole WRES.
Also just booking next hol on SGZ profits, thankfully I ignored the most helpful warnings on that one.
Is that from DB or Atilia
At least 20T in July....just saying!!
Good mornin!!
Wot have you been upto?
Yep very pleased and a bit out of the blue so being chicken I ran for the exit.
A very good tip though Tro so owe you big time, where in scunny do I send a crate of cappuccino too?
Also weren't certain peps bad mouthing you on your share picking prowess, some humble to be eaten I reckon.
Hopefully next rerate is for the Wresslers.
Oldy that essay could be shortened to if it works out then those invested make dosh or it doesn’t and they don’t. I reckon we’re going to do just fine and the 1 mil ponied up at 0.5 recently does help to support that view, as successful local businesses in a challenging region are successful for a reason. Just my thoughts, but we’ll soon find out at the next quarterly imo.
PREM seems on the move again, MC not that far off ourselves at 11 mil.
SGZ perfect example of patience and ignoring the potentially non-invested nay sayers.
I'm not sure we'll get one for first ore, as suspect this has already gone through in dribs and drabs and director + more spanish investment is targeting October to November. A few twitter pics of concentrate bags and waving goodbye to Allmineral sometime in December followed by quarterly reporting would be my preference.
Not from the perspective of those recent local investors that ponied up a cool mil at 0.5p. Something tells me they had a "Good look see" before committing their capital.
Yes, commissioning is still ongoing with the Jig and Mill and that's the whole point to make it fail so problems can be rectified by the supplier prior to sign off to confirm it can run to design capacity. First ore is targeted this month, but would you bother telegraphing this?, surely better to just move standard quarterly updates and just bang out a couple of pictures with dirt going in and concentrate moving out.
Could be, just wish them strange trades would go away or at least stop for more than a few days.
Prem doing well for a change.