The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I guess some here just post that there’s no point investing in an undervalued company with a world class resource a GSA signed a pipeline to existing facilities, cash in the bank and a free carry because why would the sp for such a company multi bag…..
Hmmmm
Imo
Massive increase in resources here - world class resource
GSA - signed
A pipeline will connect to existing facilities
Development agreement due
This should already be multiples of today’s sp imo - with a potential target range of anything from 6p to 20p
Lots of O&G companies without revenues significantly higher mcap’s
Excellent opportunity imo
So what you’re saying is they increased the short by selling more shares in an attempt to push the sp back below 20p - it didn’t succeed and now they have played their hand and will have to BUY them back & pretty quickly if the update is ok so as not to get squeezed
That about sum it up ?
Imo
Again Crusty - while I accept that there is logic to what you say - there are numerous companies that don’t have all these factors in place that have seen their sp’s rise to multiples of ours.
We can also see a route to the end goal now too - yes it’s again a bit delayed I agree but it’s there non the less
Imo
Because Crusty it’s been an iterative development
Yes, currently no revenue- but also no real expenditure, cash in the bank and a free carry
Why didn’t the sp double or triple immediately- because it just doesn’t- it goes up when least expected or slowly over time. If it were that easy we would all be billionaires
Unfortunately patience is part of it - and yes you can tell me all about patience- but I too have been here for many years
The fact is key matters are now falling into place
GSA - signed
Resources- proved up and then massively upgraded
Pipeline- slow progress but connecting to existing facilities- which is a massive plus
Development agreement- due
I’ll look forward to progressive gains and rewards- you can take whatever view you wish
Atb
Imo
How many other shares have a potential 2000% upside with a resources that are known and increasing significantly ??
Yes it’s taken awhile to get to where we are - we are all aware of that
But things are definitely coming together imo and we keep seeing the evidence of this
If it takes a period of another 18 months for a progressive rerate of say upto 20p then that’s going to be quite an enjoyable period
Imo
I suppose going forwards, there is lots to look forward to here. Things are progressing (slowly- but also quicker than say building out a gold mine for example), we have been working through and ticking off our to do list - GSA signed, massive resource update, drill locations agreed, pipeline planned and connected to pre-existing facilities (big bonus) and financially carried for lots of work to all these massive newly identified resources
Broker says 300% upside- feels like there’s a lot more headroom than that to me
Imo
300% rise would be a mcap of just over £100m which still seems ridiculously low for such a major resource update.
I was in GGP when it rose from sub 1p to over 40p on firming up their resource.
Yes we need to get gas out of the ground- but equally during that rise they had only started proving up - no gold out of the ground
Imo