The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I’m respectfully addressing this post to those who say they maintain contact with the company. When are we likely to have some update? I’ve never known a situation like this when a company seems to have effectively gone into complete news blackout mode for such a long period (when so much good news is apparently anticipated).
Yes, I’ve read possible explanations surrounding on-site security.
Are we talking weeks, months or indeed years? I’m being flippant about years - but you get my drift ….
TIA
The share price is currently decimated in relative terms, nerves & patience are understandably being pushed beyond breaking point for shareholders, and believers in this company. The current state of affairs is shameful imo given the assets in the ground. But, for goodness sakes, could posters please stick to discussing fundamentals and stop these (imo) childish exchanges. It’s extremely tiresome & boring to the readers and off putting to potential new investors.
Gla
I’m still holding my original shares (in the red) and will continue doing so, but won’t be buying more at current levels - even though they appear to be very attractive. If things fall to circa 0.48p as they twice did in recent years, then I’ll be having more. I would also buy more if I could anticipate good news coming around the corner - in whatever form. Gla
Hi 1984, let’s hope things are as you say - a take down. Things could imv be much, much worse if major shareholders were selling (as per the possible TR1s next week which I posted about earlier on today).
I thought there would be a hammer candlestick on Wednesday to mark the bottom of the recent collapse of the SP, but a bullish hammer didn’t quite happen, and it was left to today’s apparent inverted H&S to give further support to a bullish reversal (upturn) of the SP.
It will depend on whether the supposed ‘take down’ has now finished, as to whether the SP is ‘allowed’ to rise again.
It’s enough to do your fruit in !
Hi sean, if I’m recalling correctly (and it is an if) our company have ‘previous’ for not commenting when our SP has collapsed :
1) the 2020 covid collapse (the SP understandably collapsed as the markets wondered if this was the end of the world). I don’t recall a single peep from the company to give an ounce of support to shareholders?
2) the collapse from around 12p (when I first bought into SOLG in autumn 2013) to the floor in late 2015 of around 1.6p ( I recall being around 94% down on my holding at the time). Again, I don’t recall any comment from the company.
I will happily stand corrected on these figures, but overall, I’ve personally very rarely felt that the company was on my side as a small PI. More fool me for holding my shares? NO ! I hold and have held for the assets in the ground we have proven-up.
Maybe I’m naive, but it shouldn’t be like this.
All my humble opinion.
Today’s apparent inverted head & shoulders pattern on the line chart (bullish) might now mark the bottom?
Who knows because who knows what’s driven/driving this current assault on the share price? Maybe it’s simply PI holders selling having been disillusioned or having jitters after our company boss did his presentation? Maybe there will be delayed TR1(s) reported next week showing bigger holders having sold some? These trades can be delayed from being reported by up to 4 working/trading days by my understanding.
But I do wonder if something else is afoot?
As virtually always, us private investors are in the dark :-/
Ps, as I type, I note a late rally towards close @ 10.36p. A blue day at close would be something ….
Looking promising for a bullish hammer candlestick at close today, unless it’s played back down again. The hammer would give a good indication that ‘the bottom’ occurred today and would likely lead to further recovery of the SP over coming days. Fingers crossed !
Hi Bozi. How do you see this playing out then - if you don’t mind me asking? I’ve always valued your opinion even if I’ve often disagreed.
FWIW (nothing) my hopes of decent profits are long gone with this share. The malaise and rot have been ongoing for too long now. I envisage a sale lock stock & barrel around 20 to 30p. There will be rival bids but nowhere near the £1+ mark many LTHs expected.
All that said, it’s easy to be dower on a day like today - and maybe this share will finally deliver the goods one of these days. Won’t hold my breath though :-/
I’m relieved that SolGold is committed to delivering value to its shareholders - don’t scoff - they must be because they said so last Friday in the RNS lol.
Anyone who’s bought & held in the last 6 months is currently underwater as the sp has dropped from around 22p. Not to mention folk who’ve previously bought / topped up higher than that - myself included.
What a crock of ….
That said, I’ve had a very small top up today because it seemed rude not to.
Yes Ray, this share price is a shameful reflection on our management imho. With the copper, silver and gold assets SOLG has, it really shouldn’t have to be like this should it !? I don’t know whether to laugh or cry …..
It shouldn’t hinder your ability to sell your shares as and when, so nothing to worry about in my view.
The share prices on the 2 markets are usually fairly aligned but not always exactly the same.
For example, currently the BOD prices on the London Stock Exchange are 0.7p bid, 0.75p mid price, and 0.8p ask. But on the AQSE they are 0.65p bid, 0.725 mid price, and 0.8p ask.
Hello deckchair. You appear to have bought your shares on the Aquis Stock Exchange (AQSE) as opposed to the London Stock Exchange.
When you search for BOD on the London South East site, you’ll notice that the top one is BOD - which is the London Stock Exchange. But underneath there’s a second one called BOD.GB.PL and that’s the AQSE.
Hope that helps.