The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Remember folks only one poster is allowed to gamble ...
Back in with a dabble, half the number of shares I used to own, still a gamble, but changes like this don't just happen without further plans afoot.
"JM is beating the drum…"
He's really not though in any way shape or form.
I'll bet he's busy as balls, but as far as shareholders are concerned he's AWOL. He's hiding which is a million miles away from beating the drum.
I have, I think Musk is having to compete harder with the Chinese.
Aggregate demand is still going up worldwide. Now whether or not that's in part dues to different chemistries I don't know (someone on here will), and I'm sure China is doing a lot of the lifting here but overall EV sales are up and it's projected to stay that way.
I hate linking from my mobile phone so I won't but I'm going off the IEA stats.
Aggregate demand for Evs though probably isn't the biggest issue right now though, so a bit of a diversion. Sorry. Survival is.
I think the best outcome now for shareholders is a buyout good luck.
The EV market isn't diminishing. It's growing world wide rapidly, feel free to respond with facts about aggregate demand daily telegraph pieces about the UK don't count
To paraphrase will smith "you take my name out of your god damn mouth".
I don't exist as far as you're concerned pyscho
Dry your eyes mate
The big question for me now would be how much does the initial contingency impact what is needed.
I assume there'll always be the need for some contingency
But say as an example $180 million is needed how much of that can be paid for out of the existing contingency facilities and how much extra will be needed. This is a vital piece of the puzzle.
I personally wouldn't expect anything in the next week, from the RNS from hell “The Company expects to publish an update by mid Q4-2023 once this review is complete.". To me that's mid November, allowing for the usual slippage end of November wouldn't surprise me at all.
I'd expect the next stage to wrap up quickly after that though.
No,
I'm here because I sold out and want reassurance for my petty ego that I made the right decision.
It's a bit like on deal or no deal where you take the bankers offer early but still stick around to see what you would have one (I'm counting the end of the episode as when the finance is sorted - and it will be)
But you nobody at the company is talking about flooding
They're talking about water *usage* do you know how much water is used in nickel mining?
Do you think they're building a reservoir for poops and giggles, you're exhausting
"To de-risk the operation, the final detailed engineering work has added additional scope items linked to the major equipment packages, made several enhanced design changes from the original engineering study (including changes to the water abstraction pipeline design and water storage reservoir), and has identified the requirement for additional civil works and quantities. Additionally, changes have been required with selected suppliers who have not been able to deliver to the project timeframe, which has added further cost pressures"
If anything though you have highlighted the fa ct that there are gaps in what the company are telling us.
But it's not flooded
How to explain this ...
Nobody is claiming there isn't a problem related to water
Water is used extensively in mining and is a waste product of mining as well.
There is no sign of flooding
There is no report of flooding
At a pinch a redesign (and that's what most of this is about) might be needed with rainy season being a factor, but again ... that's not due to current conditions on the ground which you have been given a satellite image of
They have also been quite clear about work continuing and I can assure you an interruption to construction work due to flooding would be worthy of an RNS in itself and hard to contain from the news given how many people work there.
They use water as part of the mining process and need their own reservoir.
Given your logic Gregg I could say it's down to Aliens or Jeremy's anal warts causing discomfort and then claim I'm right because the RNS doesn't disprove that and if that just so happens to sow seeds of doubt well that's just handy isn't it?
It's called market manipulation.
Because that's not how the burden of proof works.
But just to humour you
I've searched for both 'water' and 'flood' and guess what ...
"If the Construction site is flooded has the work been halted yet"
Source? Otherwise this is dangerous speculation with intent to move the market in your desired direction.
I'm at work so can't engage as fully as I'd like.
Like you I'm currently out, unlikely to come back in (never say never though). Like you I have an absolute right to commentate on this
Your scenario is dependent on all the major shareholders colluding (well that's not unheard of) but also
1) Nobody else wanting a slice of the pie. This is where the Sirius comparisons need taming. Risk /Reward much better
2). All the major shareholders happy to stump up more cash, now according to some of your own posts one is flat ass broke and would vote against themselves being diluted as they can't pony up the cash.
I'm not claiming either of the above to be probable or unorobable , merely possible and I don't consider this a lost cause yet although I can't stress this enough that's dependent on finalisation of costs.
The ball is in play, if many serves quite a few made a fortune in sxx as it went from 3 to 5.p
I don't think this is another sxx for quite a few reasons the most important being
1). The size of the mine and the risks of the technique's used, woodsmith mine is crazy deep
2). The sums involved, they were huge
3). The requirements for state aid
4). The quality of the sales contracts, lots of weird clauses in contracts and in one case sold to what was practically a shell company (the South American sales were dodgy at)
5) And this is really important and what made me sell out the end product. Polyhalite , good in a blend but an unproven market. This is nickel, two types.
So yes there are risks here ( I personally don't like the fact that costs have not been confirmed yet and are at *least* 35% but Sirius this is not