The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It would appear. with the lack of interest in The Kingdom to even get the Committee to meet, that the objective is to have OCP take over this valuable asset for the benefit of the Govt. Naturally, it will mean EML BOD to have compliance with this. Positions in new company , or more likely, handsome 'pay offs'. The cos, basically, share the same adjoining land, and The Kingdom know that being taken to the Intntl Court of Arbitration is a waste of money and time for EML.
A committee meeting, that was due to take place before Xmas, so EML informed us, is now, probably, imminent.
BOD is a shambles, and draw their salaries, pension pot payments, perks, with 2 fingers raised aloft to PI's.
Having credit time lines extended means nothing. There is obviously a financial value to lenders, with no cash leaving their vaults.
Taser.
If there is no profit distribution through divi, what is the point in owning a share. Divis drive long term sp growth. In a chat, the CEO told me the company has no plans to award divis. One day he will learn. One metric for buying shares is P/E ratio. P/E here is not great. If P/E sees low values, a buy indicator, with no prospect of divis, it's a BOD life style company. Many cos have very low p/e, but sp remains stagnant with no divi policy.
It is now, as has already been posted, a Binary Play, for short term players. If EISA drops, there will be a significant up rise in sp, , not to my suggested forecast of 15p, but I can see 8-10p. If this level, or better occurs, I will wait a a day or so for any further upward movement, and then sell, before the obvious fund raise to 'rapidly advance' the project. For the longer term holders, there is considerable risk. I will add further following fund raise, and indeed apply, if open to PI's. This lot have to complete a project, which to date, it has shown a considerable lack of understanding and foresight to complete without further SNAFU.
All IMHO of course.
ps. good to see Alpha is alive and seeing the 'rosy ' side of EML, again. Still the 11 herd members I see.
MJAllan
This is what I have been saying for several years now, both on here and direct to PHE. The most suitable sites for DMG are Waste Recycling/Treatment plants. It already has Class 10 heavy Industrial use, so no problems with planning consent. The feedstock, literally comes through the door. There will be a ready market for the produced H2 when refuse collectors start using FC vehicles. What's not to like. Oh, yes. this BOD placed the building of FOAK in the hands of a 3rd party property developer. I told them what would happen the day it RNS'd the collaboration with Peel. Fools.
Nice to see the that BOD and Broker will have enough cash in the kitty to pay their wages, pension pot, oop expenses for the next 12 months. If The Committee 'plug the plug' on the EISA application in the near future, making an appeal, and then appealing to Intnl Trib Court should safely see them up to the Receivership.
Comp909
Sorry to be a stickler, but 0.0025 in 'old money' is a farthing, the little one with the Robin on it, a 1/4 of an old penny. EQT is trading at 33 Farthings at present, because the 'new' penny is worth 2.4x the old penny., or c8 old pence.
There has been consistent selling after holiday break in the wake of the significant rise the week before Xmas. I would suggest those buys were a punt, hoping for the long awaited Committee Meeting to discus EISA. That meeting, apparently didn't happen, and so those punters now sell. Some way to go before it returns to pre-punt level.
No amount of rainfall ( except Biblical proportions) can alleviate the ongoing, long term water problems in both The Kingdom, and countless other countries Worldwide. Countries, especially Western, even now, do not fully realise the dangers GW poses. Too little, too late. For The Kingdom has to find alternate sources of water, other than rainfall, for a long term fix. Acting now is still problematic for EML. EML has to find it's own solution, and it's not doing that. The 'big crunch' will come when there aint enough cash in the draw to pay their wages. Be aware of a 'false' RNS saying 'good news is imminent' as the basis for a cash raise from PI's. IIs will laugh at it.
The former slim Lady, has gained 80 kilos over the past year, and is already practicing her scales.
So, 'the main players' are still on board. At what price.? What has BOD agreed to get them to remain on board. ? A lot I would proffer. Of course EML had to announce something, since the 'agreement' was ending, and investors would have drawn their own conclusions. With a massive 'sell off'. If 'main players' had refused to extend agreement, and EML announced it ( by AIM RnR, it would have to do it), carnage, again. Of course, EML will not release 'terms of agreement'. It is over a barrel, and being rogered hard.
Over at one of our friendly rivalry cos, a New Broom has been bought and the old incompetent management are out. New CEO, new CFO, new Chair. New Director buys, and sp up nearly 60%. The sentiment has changed, now they have to back it up with decisions. Is that what should happen here, I ask myself.?
Well spotted GW62, and u r 100% correct. Will have to cut down on the Phyllosan
However, the ball is kicked further down the road to a possible default. The clock is ticking. Has the Grim Reaper already picked up his scythe in readiness.?
Mat;
'Countless useless facts about Potash that we're not selling'
We have to produce before a sale can happen.
The clock is ticking on when the $3.5m will run out. the burn rate of $2.5m pa, suggests c70% of 12 months from June last, so c8mths, which is Feb '24. With the lower 'activity' rate of the company, since waiting for approval , they can't be designing infrastructure, (can they.?), I would hope the burn rate is less. So possibly June '24. The authorities must give us a definite' yes' or 'no' well before that time. PDMR's must have worked on the water problem, and offered solutions?
If we don't here anything by Xmas, I believe the game is up. EML going the intnl Court of Arbitration is a loser. 1) The Court , rarely finds against a Govt, 2) The sour taste left will seriously hinder negotiations going forward if appeal is successful.
This is all negative stuff. Trying to be optimistic I find very difficult.
Finally, the Penny has dropped. New CEO, CFO and soon new Chair. The old lot has a track record of failure, the most notable being, placing the biuld of the FOAK in the hands of a third party. Schoolboy stuff.
There are quite a few problems with PHE, but we now have to see what stuff the new leaders are made of. It will not be an overnight transformation, but at least they can hit the ground running. I hope to see a few RNS that show us long suffering investors, that they really are 'on the ball'.
For once, I can say, 'exciting times ahead' - possibly, maybe.
" weeks ago, I had an email xchange with DeSouza. He offered a tel. call, I said it was not necessary. He only contacted me by email after I had left 3 messages on the 'contact form', and in the last mail, said I could wait, and raise my questions at the next AGM. PdS replied the same day.
The bones of the exchange, were, IMO, the Co was a BOD lifestyle company, and It should have a defined Dividend policy, which is the prime mover of sp.
His reply was that there is no divi policy and the company is a growth entity, and resources will be used that way.
It was a pleasant enough exchange, but we agreed to disagree. I sold out.
Good luck all.
Swazers. Like the Fake, living in fantasy land. You are confused, these are facts not insults. So, CP, why did The Fake change his alias. I'm very happy with my alias, used it for years. You only have a name because you peddle your loss making company on BB's. I know you have been reported for this, but no doubt a few lies got you out of trouble. I prefer anonymity, there are some weird people out there who go to extreme levels to satisy grievences when they have been shown for who they are. BTW, CP, where is your mate - sent you to do his bidding. Still kissing the ring .lol. You tell me then CP, why the alias change for the Fake. And dear old Piltick, has to get in on the act, another who showed fealty to The Fake, and again, a limited knowledge of DMG and the mechanics of it. Same as this BOD I think.
Fake. You had my post from yesterday deleted. Wonder why/ lol
Basically, it only asked you to copy and past ( your forte) anything
in my posts which corroborate your accusations. You can't, so you had
the post deleted. And for good measure, it asked you, politely, the
reason for the 'alias' change. ? I suggest someone else, probably on
Telegram, caught you out as well. I also enquired if you managed to
ingratiate yourself with HUI mngmnt as well as PHE.? Do you still use
Dr when contacting both cos.? It is illegal when using a false title
for profit or gain you know. Ahh, maybe thats why you dropped it.
Finally, I'm still living in Copacabana. Too hot at mo though 35dC, so
last week was a week away at a fabulous town in the S of Brasil,
Gramado, Built by Italian, German, Portuguese immigrants, surrounded
by deep valleys, ideal for grapes and wineries, and a chocolate
industry. Only 40k inhabitants, but 2M tourists p a. No street
beggars, no sleeping rough on streets, no crime, a welcome change from
RdJ. Anyone visiting Brasil should put it on their itinerary.
OK Aghmir, EML PDMR's know you very well, so obviously you have raised all of the points this board has posted with management. They would not have told you anything confidential, so post their replies please. And no, this is not a joke. lol
I didn't suggest that you were banned in Telegram group. You still have the same problem - understanding written words and memory lapses. Seek Help. So, you don't use Dr in Telegram, and posting here under another alias. lol. Guilt caught up with you.?. I have a decent enough memory, thanks, and where you are concerned, it is not selective. Remember you saying one of the reasons for delay at Protos was the obtaining of the SPV. You had to back track when I told you a decent Lawyer could get it in one day at Court. And Fake, I still live in Copacabana, another of your false accusations dismissed. If you want confirmation, go on EML board and chat with Kimhappy. She is not an alias of mine which will be one of your comments. So Fake, do you still post dribble on Telegram?, and have you ingratiated yourself with HUI yet, will be a little more difficult not using Fake Dr though. Toodle Pip,