The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Great, thanks for clearing up the point about the additional 10%. So really should have little if any impact going into todays trading
Hi Guys,
Looking at the reasons provided for Leo's extension is mainly due to the DSO Component being suspended which shouldnt have an impact on us over here. Spodumene production is going ahead as planned.
There is also a change to government stake in the project (10% standard) which i believe is the same as our agreement.
However, the government have the right to increase to a 20% interest and appoint 2 directors on the board.
This is what i am unsure of how it will effect us and whether they will surprise us with the same "proposition".
However, id give up a further 10% stake if it speeds up all the burocracy going forward and we can just crack on with our projections with the security of the administration being passed timely.
Whats everyones opinions on this and have i overlooked anything?
I was just gonna ask when we’d get an update on Leo, thanks 🙏
My opinion is that there will be an extension. I think Hiainan and Kodal are all set and ready to go hence the funds paid up front. This was probably to calm shareholders, demonstrate commitment and allow Kodal to continue to progress in the background until the formalities are complete
I remember when Asher popped up off the back of the last news saying he’d throw in £10k pocket change! Now the poor lads trapped like the rest of you. I can’t believe yous are still commenting and bickering everyday.
Come on FG pull your fig out. What happened to that bloke you brought in to shop the product all over the US? Deals done according to this lot
Prem Lol
Ive been here a long time. I’ll probably get accused of deramping. But I am not confident the deal will get over the line by August. My only reason for this being that they have given i think 7M which I think was an expression of commitment as the deal is likely to take longer
How are you balls deep in Kod and only have a small portion of your portfolio invested?
I don’t really care if you have positive or negative sentiment. Just curious
No need, let them crack on and sort the finance.
I have no sympathy for those without conviction.
Oh and there’s the reason, 80 comments on PREM. GTFOH you cheap cant
Talking utter nonsense. Mako presidential elections aren’t until 2024.
Governments can’t go around revoking contracts as they please. Not that it’s completely impossible for them to rip up the deal and throw every foreign investment out through military force. But you’ve just completely made up this storey in your head to try and create a bit of FUD.
Please go and invest elsewhere
At the end of the day the buck falls on DM if he didn’t chose it he should have said this isn’t what I want. If I’m running a project of this magnitude and don’t have the resource I wouldn’t be giving it the green light.
I don’t want to argue with everyone, what’s done is done. We can move on. As people noted I was accusing the new lady of incompetence last week.
DM spent more time making videos about mud and leaking #Discovery than he did doing his job.
If he’d done his job and secured an adequate drill in the first place we wouldn’t have been in this mess.
Just another corrupt director on the AIM market.
Drillbit, yes you’re probably right. But either way dirty Dave cashed in some fat pay checks, while shareholders got destroyed and I guarantee it wasn’t the big boys that held the bag.
i know i’ve been terribly skeptical of this company over the past few years. which i feel i was within my right to be. but i’d like to apologise to lorna for accusing her of not knowing her **** from her elbow last week