The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The word bargepole comes to mind until the dust has settled.
Then depending on the cash position it could well be an excellent punt. The resource is massive. If they can master it there will be great rewards. If not it looks like bust unless they can get their wells flowing three fold.
What I never understood was why there was provisional finance being offered if the feasibility study was not up to scratch. The market was possibly totally mislead on Dundas and dare I say a few porkies may have been told. I got out at 9p and counting my lucky stars. I will not reinvest here until the whole board has been replaced.
Corporation Tax is payable on accounting periods using the enacted tax rates applicable in the period. This will cross two tax periods which begin on 1st April and ends 31 March.
The problem is not many of us know how good this is and what is going on. MM's are just treating this as a bulk standard explorer as there is not much else they can do. Just a shame we don't have a pr and ramp Crewe like 88E
It's the concern about the financing bringing this down. It's ok talking to banks etc but that does not guarantee an advancement will be made. Money is tight and MKA does thing by the book and right but that means the project is moving at a snails pace. I am holding but I understand why people are selling.
The RNS promised the financial statements this week. Let's see if they deliver tomorrow which will be a day late as no extension appears to have been applied for. Hopefully some good news about to land. :(
Things were different last year We are now in a terrible bear market. Unless management realise this and deliver the BFS on time, the share price drift has a lot further to go. It is absolutely critical that they stick to their own heavily delayed deadlines or fully update the market by RNS.
Final results for 2021 should be out tomorrow. Be very careful. There could be a suspension as well. I am convinced there is a plan to take this private on the cheap and I fear it is about to happen.