The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yep, can buy via ii. Paid 2.1p bring my av down a bit. Spread looks barking mad.
Perhaps it's the value of Mike Pence!
At the time of writing, post the RNS it was up 13%. Now reflecting the news.
AIM is totally bizarre, positive RNSs for some companies leads to a sp drop whilst this RNS, with all it negativity-further cost increases, refinancing etc-results in a tick up. Only goes to show the MMs are just in for themselves. The AIM market is a busted flush and needs a complete overhaul.
I think that is giving false hope here. HE1's share partly tanked due to a rig failure and then recovered after the rig was repaired and free hydrogen/helium was found in the well. Its shares have now settled around the 1.2p mark whilst we wait for the log results to be analysed fully. CPX is an entirely different type of business. I'm surprised we haven't heard the final outcome of the retail offer yet as it closed at 3pm.
Be sensible. EM had this company at his mercy, could have bled it dry and forced admin. CPX needed to settle the outstanding dispute in order to get the placing away. Would anyone have put more money into the co. with the dispute with Tesla unresolved?
It's the spread that's 20%
Unfortunately it's our sterling that's declining. The performance of those who 'run' this company is woeful. No material information for over a year, M Cap less than £9m and cash being spent. Total shambles and not due to global crisis.
Don't forget the Corporate Update 13th March. This company is not out of the woods yet.
If he doesn't at least you'll have a stock to beat him with.
Yep correct. 2.173 shares.
Reasonable assumption that the rig could be held in a separate company but HE1 have said they own it-didn't mention via a subsidiary.
I did exactly that but is difficult to work out from the accounts. Cash at hand, 21 £15m, 22 £5m, 23 £9m. I thought they owned their drill rig but plant and mach only showing as £10k. As they have had 2 raises since the last accounts my guess is £5-10mpa. If they only have 6 staff their wage bill shouldn't be too high!
Up, up and away, in my beautiful (helium or hydrogen filled) balloon. Well I hope so.
1.5414. Te he!
Is it! Live price to sell 1.54.
Does that mean our assets are all a load of Snow White!
A friend of mine is an Administrator, dealing with property assets. They are obliged to get 'market value' so invariably use the auction route as it tests the market and has a high degree of certainty of a quickish sale. It will certainly test the assets figures in the accounts. Not sure what the company owns and what is rented. The Administrator can bring a lease to an end , if needs be.
I have a theory, but only that, as to why they may have gone this route. By announcing a heavily discounted equity raise it might encourage more participants if the SP stays above the dilution price. They had trouble getting all the shares away last time and will be aware that could happen again. They need to raise the max they can irrespective of the damage it does to the SP. I assume they are banking on some 'good' news within the next year and a hope the SP will recover. Somewhat of a gamble if I'm correct, but then we have been in gamble territory for a long time now.
Fortunately graphene does have several uses other than just batteries. Fully agree about Vardar, but a least they can offload this now as the minority shareholders are only interested in BEM's SP performance. I hope that's what will happen. Any money raised from a sale would be better spent in Finland or Sweden.