The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I assume that with the 10 day add. That the RMM website may see an update on the bidding process/status at least early next week. It's the least we are owed.
That's the only "official" source I was aware of. Please correct if misunderstood.
Personally I had written this off. The extension made me think that competition was there, despite no formal confirmation of the parties etc, which was obviously positive rather than a perfunctory or unopposed grab?
I still am tbh highly skeptical that existing holders will see anything once the creditors and board take their cut.
But I guess it will be worth checking the company pages next week to see if any more detail is let out.
I hope I am wrong on this one of course.
Huge music fan. As maybe sussed from my moniker ...
Old gig pogoer.... But recently into streaming in attempt to get into century 21....
Revisiting both newer, but also classic tunes.
Tonight playing The TH.... Fear Of Music...
Always loved "Heaven".
Love me playing right now "Heaven, Heaven, is a place where nothing, nothing ever happens".....
I am chilled to it. But it would be agreeable here to get a little move forward as the directors see appropriate...
;-)
Oh well.
Much as predicted a day or so back. AIM, doubly in the current larger environment. Is more and more a trading platform for many. They are generally silent, and don't talk about abstracts like "divis", or valuations 2 years hence...
Personally a 6p odd little rise isn't the time to sell off. But for the 2-8k, and even the 200k quid sellers today (?).... It clearly was time to cash in some chips.
But then again. Suppose, I ain't never yet sussed out this index.... Being brought up on the older investing platforms.
Ho hum.
Agreed.
Progress seems good at the moment on the ground... But you never know what's round the corner technically of course. The SP is gradually bulking the all too dead Marco environment, and general interest in AIM mining explorers/early stage implementors being shot at the moment.
I personally prefer it to slowly gain momentum tbh. It's what about 8.3p old money, and been a long road back to the 10p highs of several years ago. Fast peaks on AIM, especially in the current climate always mean profit taking and fall backs as we all know...
I remember being offered 9.97p at peak to sell a Million. Must be almost 3 years ago now I guess? Decided to sit on hands.... If I had been smart and rebought those on the crash after the deal at what sub 5p.... but yeah, all cosy hindsight hey...
So will be happy if/when it goes to that and beyond, which seems in compass barring black swan, or implementation foul ups I suspect.
Cheers.
@mapp.
Rarely bother to read or comment here now. It is what it is.
But as it's Friday had a quick look and saw your post.
I remember you from when first in here & researching on Aim, 2019 odd (?).
I know you are an old lady then, & with a tendancy for "little poems" of warning....
So sorry if time is catching up now, and your fall hit you. Really am.
I wish you well, you wacky old soul. Some things in life mean far more than many a quid. Best wishes.
Rgrds.
Hi @Lethal.
I think anyone invested in ACP, and bearing in mind the usual AIM "murkiness", plus the general investment poor landscape and sentiment currently....
Understands your frustration mate.
This one has been hamstring by both the above. Plus the inability of the project to provide any useful Comms in my 2.5 years odd investing bits in here.
The underlying assets, plus the seniors buy in and lack of usual lifestyle burn ... Still make me think that summet may/will come of it.
But like a lot of these presently. It's a slog in the current climate ... no doubt.
I have put monies in here at high 4s like suspect you..., low 4s, averaged down in the 3s,2s, and again all over the 1s.
That all amounts to 5 Mill held at 3.61p. that's what about 0.86% of the company I guess?
I intend to wait now, no more adds. To see what the first real RNS Comms looks like in the last 2.5 years. I try and understand that the process is slow, and that aspects have arisen that are beyond control. So I am curious to see how that turns out. When it finally lands.
But equally. I am not one of these retired, share hobby groupies so prevalent on AIM. Prepared to wait, but want a return eventually.... Think that's important.
Anyhow. Back to sleep until something worth discussing. But just to say. We all hope it will be worth it in the end my friend. But for now. We just have to take it with gritted teeth, and trust our time will come, based on the asset value ultimately. But it's tough.
Cheers.
Emmmm.
Generally have no truck at all, with the on every BB quoted..
"MM's R corrupt, out to get me, blah blah..." crowd.
They generally always seem to me make a play, & a profit, on the spread v us guys.
However... If one assumes, the 500k X 2 trades, are buys, & at what, 140.5p odd ?
I do ask myself..... If I was now not without funds, not having bought here from 2p to 9p old.... (Now 40p to 180p).... AVG 101p, but now no ammo ...
Would I, right now get a million shares from the MM types, for a fraction over 140p....... Emmm. Thinky not....
I kinda doubt it, as said...? Anyone with cash of that type in hand..... Feel free to back the system up, and say you have done so... Fair play?
I do think though, that these "buys", while the price stays so very static..... Cannot reflect, in an illiquid share, A true enough picture of what's going on ....
Or does it ,........."Mr Jones"..... With his pencil in his hand...!?
Simple question for FTSE, Nonsense, and all those...... "Word on the Street" types..... That post "rumour stuff".....
In competition with what, why 113, when 15, and a pot to pi*s in will buy it, no comp? Quote a rival bid structure.... Or just desist. A source at least...
Some, maybe not you. Have written off here multiple hundreds of thousands of pounds.....so don't F*CK with Mr Jones!
If we are to believe that we may even get back.. A few thousand pennies.... Please don't presume to so mess people about.
If you are so doing..... then you are worse than the 3 stooges of old, Monkey, Moon and AN other. All varying wierdo, & clearly non working stay at homes....
Facts, or Fact off please.....
I think that that is a real possibility.
Not saying it's exactly the same. But 4 years ago I held BCN. A nice tidy Li setup, - not Ni granted, but still in demand metal potential.
It had a big brother along for the ride I recall (Chinese in that case - Genfang), and within a fairly short timespan they moved in.
I bought there around 30p. Genfang maneuvered, and eventually forced the BOD to agree a sell out around (from memory), about 65p (?) For those still onboard. So yes a decent 100% for sure.
But ... Most all, any stage, investors could see that that one had the potential to go far far higher.
So very much beware the kindly Uncle at the door !
I hope for/believe a buy out will come here, but want it much later. I haven't been in this one for also now 4 years to barely even scrape the all time high (10p) old money. That was hit what, seems yonks ago now when progress was nowt like it is presently of course along the ride.
But do you think these big fish care about us or any of that history...... I thinky not, so beware.....
Cheers.
Personally
But a lot of holders were very
Agree @free.
As we speculated. Maybe today the buyer was full. The seller still hungry, and so......
So despite theories to the contrary, as feared, we took a hit.
I am not too bothered. As there is now a nice buying opp for people at what ... 6.5p old money I guess.
I think it will recover fine in time. Just a question of how much more selling action our friend has for now as to when.
Long game share to see 10p equiv again for now. But then as someone who held a share on the main markets for 36 years end to end (sad but true).... I guess I am used to the waiting.... :-s
Cheers.
Just got in.
Saw @blues post .....
Checked the only seeming Comms, with no RNS now. Rambler website, press releases....
No comment.... Interesting, as am sure a 75% plus carry to wind up the UK arm would have been reported there.
As said earlier, I am not sure that it makes much difference to the bid situation in Canada unfortunately. But I am impressed that with a self declared 20% odd RIG SH membership. This means the same again (!) out there, also showed an ounce or two of commitment, and we fought through the red tape to make a statement too.
Still remain jaundice it will ultimately make a difference. But if you are going to lose sums of money, big or small. You will feel better if those in charge of making poor, or even duplicitous decisions. Feel a bit if pain as well.
Tbh I spoke at length to the Liquidator, and have no axe to grind with him. He's not the man responsible. But it makes me feel better that a small battle of as been won. Even if the war is still likely lost.
Do you think given the timescales and the nature of the sale circumstances there will be bidding competition Bertie. Are you hopeful of funds returning therefore. Or is that highly improbable given the timescale and circumstances. The Liquidators off the record view was that one of the larger creditors would buy it when I chatted with him .....
@Santhi.
Fair enough. Be interesting to see the UK vote outcome. When I spoke to the prospective UK liquidator. He was at pains to point out that the convoluted process to even get a vote registered was not his doing. Simply the archaic Nominee hoops that had to be jumped through... Etc etc.
So be Interesting to see how many Nays actually made it to the ballot box I guess ...
As to the Canadian sale. All logic would suggest to me that the only small chance of a return is if more than one party is interested, and a bidding rivalry occured. Leaving aside any fall back RIG offer. I have great doubts though that there has been time for significant potential players to do the due diligence needed to make anything more than a perfunctory low bid, and to just chance their arm.
As such I am not expecting much hope sadly. But it would be nice to be pleasantly surprised.
Cheers.
Personally, and I am one of those that accepts we have to wait for other parties to move onwards.
Nonetheless, the price collapse is annoying, because of cause when hopefully the go forward news hits here (finally). Then the move upwards from this weak base will simply be making back (clawing back), the ground lost from 6p down for many.
It is what it is. The move on news we hoped from 4p will now have to take place from 1.25p (or where ever the bottom is in the meantime). So investors like myself, and I am sure many others who bought in the 4s,3s,2s, and even now 1s will only then be getting their stakes back. My AVG is 3.77p for example. So will take a while to move into profit for many.
Hey ho. That's investing. One can only hope therefore that once progress finally arrives. That there are plenty of legs above that 6p area. Because I am sure the traders will be itching to sell into any rise from this lovely point, and it will need longer sighted buyers to move on further with any momentum.
Hopefully some news this summer then?
Cheers.
Those outside RIG, that may still also have vested thier share holding weight to the cause of avoiding a cursory, and defensive (BOD wise) wind up of the company.....
Would not take kindly to the RIG bidding to then exclude them from any benefit. Despite our support!
I am sure that's not the RIG aim, being an ordinary SH group they have canvased support from all quarters. Have they not?
But, and in light of this accusations. Would be very interested to have them make that fact known.....
Thanks.
@tau
Cron job ..... Nice, old school Unix scheduler.... Lots of *** and time/dates.....
Remember them well ....
Interesting to "grep" our who transacted this one .... ;-)
Cheers!
Good grief.
What's this?
Sad MF, externalising his lengthy PF...?
For what end...
Pumpert pump pump, dump dump ...
OK Picked.
So the theory is then, rather than a "hidden" buyer necessarily. This buying that's only just above the rock bottom BID, and so showing as sells presently. Is likely just "normal" buyers then. Who without Canaccord (or whomever) dumping. Would likely be pushing the price up gradually otherwise..... But for now are simply (and slowly) chewing up the shares from our large seller, and so the SP is held in limbo.
Ergo. As long as the buyer/s remain (although clearly at present, there isn't that many - given daily volumes). Once the perceived dumping insto clears out. The price may in fact rise not fall.
I hope that's right too. As when the current doldrums lift. It would be nice to see the price moving in a positive way better to reflect the on ground progress, rather than reversing again.
Hi @Free.
A question if I may, & from your dealing experience.
So it seems clear that even though most days in the last month+, the published trade volumes are pretty low. As outlined a week or so. What trades we can see are most all sells at that 1.40 point. E.G. as outlined the other day someone sold £25k, 20k, 7k, 5k etc worth at the 1.40 with nil SP impact.
It doesn't really matter who. Though it may be an insto getting out. Or large invested PI on here, figuring they can get faster gains elsewhere one suspects....
Anyhow. The queries is; given the SP remains limpet like, we all assume that a hidden buyer, is sweeping up at the moment, via an obliging MM the shares being sold.
But why can't we see evidence of these buys printed? Is one to assume that this is all being gathered up outside of the viewable trade areas then.
I know from previous you have worked in these areas. So just wondered if you could outline further out of interest?
As if one then extrapolates, and assumes one this buyer has eaten his fill. The price must drop if our gradual drip drip seller(s) persist?
Cheers.
As someone who generally invests. I have patience to wait usually, plus or minus.
AIM shares test that. I do think, that after bring in here for a couple of years though, and with no real direct news. But with related areas slowly moving on. I hope it won't be too long now before we see some go forward? I have no interest in Comms for Comms sake. But strikes me by the end of the summer something is likely to break, one way or the other.
I thought that having monitored this one rise to 6s. That on the usual no news pull backs, a position built first in the high 4s, then more in the low 4s, mid 3s, 2s, and recently a few more via B&ISA and added in the 1.5s. Could/should all turn out a decent mid to longer term investment?
1.3 and below is of course testing that resolve. However. As I never saw this as a check the SP for a sale daily type of invest (clearly, & unlike some). I will remain with my position for now. But for personal review end of 2023. If there has been no news of any go forward by then. I will look to reassess.
Everyone has hopefully their own review points. Shorter or longer term. That's just mine.
Good luck with whatever yours are.