The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I imagine going private must be on the cards soon
I watched with interest the GGP share price today after it confirmed mine finance. I know the MCAP of GGP is higher but it could not hold onto a 10% gain. I think my expectation of seeing 30p here again is pure fantasy. Any other views?
Myles is an expert investor. Most of his holding was sub 10p although I know he bought in at the last placement I suspect he has offloaded in full and is ready to invest again at the next placement. Let's see if my suspicions are right.
I do blame the Board for the slow pace the DFS was completed despite it being fast tracked. It took years and we have still not had the Feasibility study for Poland or the rutile results which where sent off nearly two years ago. The Board are happy to drag things on as long as they get paid.
As regards the mining permit they should have applied months earlier so it would be ready with the DFS.
As regards funding, no one will lend until the know what it covers such as permitted tonnes that can be mined each year.
As regards the Talaxis deal. Clearly the market does not view this favourably as we lost our free carry to production.
I have to say it but the market does blame the Board who have failed to adapt to the global crisis.
A sale is the best option for us to maximise our return. If we go ahead with the projects using external finance and grants we will still need working capital and that means placements. Let's see what happens.
So down it goes with hardly any cash left and God knows how many more milion will be needed in working capital to bring any of the projects to a cash generating stage. The projects are brilliant and the potential is massive but the market knows that they do not have the resources to complete anything without help from partners.
I do struggle to understand the Talaxis deal. With this deal they would fund the whole mine con and give us a risk free share.
Agreed Munch. We need a juicy RNS and now. The market is treating nearly all AIM mining companies as junk and elsewhere alot of my portfolio has crashed as projects are shelved on funding fears. We should be fine here, but the market needs to know this from the bosses by way of an RNS. Imo I am hoping we get bought out at a decent price and let someone else take the risk in developing the mine.
August is always quiet. News flow will start next month.
Good luck mate.
If I was a CEO of a lender thee is no way I would lend here at a favourable rate until flow rates are materially increased and plans show a healthy profit. This reminds me of AAOG with some of the same rampy posters. Go on Art and prove me wrong.