The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'd guess that the Sp is being held back to facilitate some decent sized investors who'll put their money in when they are given news about a successful drill. Or maybe for a, (long awaited) institutional investor who won't move until big profit is guaranteed. Certainly the wide spread is there as a deterrent to buyers and it's doing that job very well.
Less than 4M shares traded out of 1.8B plus, and the individual trades are not impressive either.Little bits of profit being extracted. If you want to make money here you'll need to put some decent dosh in. If I were not heavily invested here already I would know that this is make ones mind up time. You have the cojones or you don't Most don't !!
I am a serious investor and I have a very major investment here. My hope is that all goes well and I will make a packet. I've been here a long time and I think the time is close. That's why I'm surprised at the low level of trading at this point.
Whistler. But by the time the five weeks are up the SP will (probably) be miles higher than it is now, and the opportunity for a substantial profit lost.
Patience is ,indeed, a virtue but remember that the early bird catches the worm!
Not! an almost extreordinary lack of that life blood of that commodity given the good news related to the rigging up and imminent spudding. Does one therefore get the impression that the punters are not willing to invest their money so close to to potential gains or that they have serious doubts about the project? Remember one never makes a killing without putting the dosh in in good time!!
I wasn't the ieast bit surprised. But the MM's couldn't have made a loss in any case. They set the sell and buy prices to ensure that they make a profit. But subsequent , ( and earlier), traders will have been affected by their machinations. That's how they work the market.
Why the MM's and the brokers are. That's why the lunchtime 3.9M trade wasn't reported until after hours. If it had been reported when it was made the effect would have been to create a resurgence in the SP which they didn't want yesterday afternoon.
But it WAS like old times to see a 3.9M trade anyway!
The BOD doesn't appear to be very adept at playing the market. It goes for long periods with no news,( and Aim lives by news ), and then when they get a bit of an uplift they appear to want to squander it.
Remember that these were the director who brought Auctus to heighten the companys profile in the US to no effect whatsoever. But Auctus is still being paid. The truth is that our BOD are not the slickest operators, so one has to hope that the product they are developing will succeed despite some cackhanded management.
There are plenty of fronts on which a savvy BOD here could get profitable attention in the marketplace.
The latest RNS has set the apparent date for any positive action on Paradox back to April, at least ,and Aimers don't stay invested in shares where they need to wait. The mantra is :sell up and come back when the news is positive and clearly so. Simple really! And even simpler for those who made a few quid from last weeks uplift. Only long term holders with large shareholdings, like me, have to make a judgement as to whether to hang in !!