The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Jonjo the EITI currently isn’t linked to any IMF payments for Mali or any country at this moment the report is the initial report for governance which Mali can choose to implement at whatever timeline they like which they are taking positive steps towards
Absolutely none sense on this board today but Jonjo need to correct you on your “facts below” the issues of new mining permits is suspended as per the Mali governments announcement this has no impact on transfers whatsoever the EITI has been around for decades and not many countries actually achieve the standard and this is up to the mali gov in terms of which steps they implement
If you do a bit more research the suspension of permits was primarily in relation to the gold sector whoever as it’s uses the word mining everyone just assumed it’s all
I don’t see any issues here with the transfer of licenses and it’s just a waiting game
I had to respond here with so much misleading information Joey24 both of which are inherited positions with significant problems before BA joined absolutely rubbish comparing 2 companies that are interlinked from nearly 10 years ago and his role in those companies was entirely different .
If your going to post at least give context so people can be informed and well educated rather then do the most basic of checks and badge it as research
Thought I would add a little bit of knowledge here
Having dealt with Business acquisition in the past i have never heard of a rolling long stop date the date is set that both parties believe that all activities will be concluded by - ( there’s a first for everything )
On the 2nd part timings I disagree with a few on here I reckon BA has had this in the pipeline for a while as the new company structure has a number of benefits for investment purposes with no risk at all so without the deal it would still have made sense therefore feeling confident at this point
Always the optimist and all that
Hi
Just on the rules it would be argued that the selling isn’t insider trading as all the current position is currently outlined in publically available RNS with the associated timeline and subsequently all activity at the moment is to support that goal
On the second part the drilling contractor again no big deal if the RNS every time they had a new partnership or worked with a different supplier we would have an RNS Everyday
Hi All,
Happy weekend all
I hope all shareholders do well no matter what share there in we are all in the game to make money.
What are peoples thoughts on the deal timeline think we will be early or right to the wire ?
What are people thoughts on the current drilling campaigns? And does anything have any info our our potential gold assets struggling to find much at the moment
Hi All
Thought I would start a new thread afresh while I am happy for all opinions to be shared there seems to be a lot of unnecessary noise.
There is a lot more news coming a lot closer then 12 months if we are judging this purely on production assets fine but we aren’t there yet
Any resource uplifts , completions of transactions , gold finds will all lift share price beyond this level so I am not sure why we are saying 12 months till news given an RNS timeline currently stating what’s happening
On the ground and aspirational timelines
The security situation is Mali is the same as a lot of other African countries i remember the same scenario in the Dominican where everyone was trying to extract assets companies adapt and adjust to the environments at play.
No share goes in a straight line upwards so expect the rough with the smooth there are plenty of exploration companies out there that are worth a few pennies so not sure why people are saying it’s not possible AIM is mostly sentiment based with the odd unicorn every now and then.
To say the current share price bakes in the deal completion is madnes given the placing and level of investment outstripping our current MCAP I would expect to see a much closer gap if or when it concludes
Hi All
I have rewatched a couple of the most recent interviews today just to make sure I didn’t Miss anything and I did
Put first to highlight some key points below and I may just email OMI myself although Our partners run point I would expect all drilling data to be shared between all parties in a JV there maybe contract clauses on comms outside to us shareholder but Omi should have all the technical data.
2. I see no mention of drilling all areas in Phase 2 i suspect it will be a handful but to a good standard I would much rather prove up one or two then drop holes over 8-9 areas as your just burning cash quicker for little value that you then have to go back to ask for more money
I expect there will be clauses to prevent takeovers especially since they are in active negotiations and a JV partner which again I suspect will run far beyond sept 2023 it’s just what we’ve been told far and to BHavs point we are the majority
3. Rob you talk about them sitting us out not saying it would ever happen but our cash burn is very low and we have years of data on our assets there would be a number of interest parties and we could survive for years with minimal drilling however it’s shareholder value there trying to create so I don’t see this happening.
In the interview Brad refers to a 90 days clause from when we are notified of the Partner intention to take the earn in. Do we know if this refers to dispute resolution ? signing of agreements? Us being allowed to look at other options it’s around 23-25 minutes on the latest video if anyone has an opinion
Hi All
It’s often that I post but thought I would make a New Years resolution to get more involved in the boards with my active environments
So thought I’d provide of an insight and opinion seems to be a fair bit of BOD Bashing here due to timelines , expectations etc personally this is typical behaviour of 95% of AIM shares I don’t think I have even seen an AIM exploration company hit every deadline set so it’s taking the rough with the smooth. ( easy to say when moneys involved)
In terms of the BOD being invested this is an interesting point what do we quantify as enough skin in the game ?and how’s this plays out over the next year remains to be seen
On Colombia as a jurisdiction this doesn’t concern me to much Colombia are actively trying to diversify and encourage investment - even in Phase 2 it would create 100s of local jobs and support 1000s in the supply chain and reducing unemployment rate is high on the gov agenda especially as I would expect we would be showing the relevant authorities long term economic investment in the relevant areas.
In terms of updates I suggest every familiarises themselves with RNS content as a lot of stuff sometimes get lost in forums the timeline they outlined in the previous RNS hasn’t elapsed yet so benefit of the doubt until proven otherwise.
We also need to be mindful the overspend in phase 1 counts as investment in Phase 2 and no one knows the numbers yet so depending on that will depend on how much actually get done which is why imho phase 3 negotiation Are so important as I do expected a shortened phase 2.
Personally i am seeing how this year play this has hits of 40s on effectively speculation and some outstanding results but we now know a lot more and should get the Phase 2 agreement over the line which short term de risk This alot
Happy a great weekend all
Hi Legal
I probably sit on the other side of the fence on the JV front in any negotiations the partner would be talking about the funding levels between each of them so very early days to see it’s off the table at present
The pack posted as early as Monday said there in advanced discussion it wasn’t covered in the previous RNS as that was not it purposes.
I am expecting to see a considerably acceleration of activities on all fronts given the additional capital raised and I suspect this is due to an increased licensing footprint rather then a JV at this point
Aimo but let’s wait and see
Honestly the amount of people coming out with the negative spin because of this placing is unreal. Nobody know what it was undertaken for as its vague as anything
I actually went back into my portfolio to look at all the Junior AIM Minors I have invested in over the past 18months
95% had placing and as always not all where expected and around 70% hit new highs after them
Just wait and see CB doesn’t have to go infront of Stockbox he could just sit behind his desk carrying on as normal so take the positive for now
Just to throw some theories after doing some additional research our funding was for our current campaign not any additional licensing footprints or cost attributed to a JV if we get either of the two.
The Creswick license expansion falls onto Crown Land so I suspect an compensation package will need to be agreed which wouldn’t be cheap. ( again all theory )
If one of the other parties got a contested licence and we wanted to buy it t again wouldn’t be cheap ( Ballarat )
I am unhappy as the rest with the placing however continually complaining about it does not make it go away and yes I am as down as the rest.
Given the first quarter of the year there where more license applications and grants for exploration then then entirety of last year is it any wonder it’s taking an age to get assays with the amount of people drilling
Hi All
Just want to be clear it’s not confirmed he will be interviewing tomorrow unless anyone’s going to tweet stockbox and ask for clarity.
I reserving judgment on it all until I hear what the capital is being used for was all too vague and could be a million and one reasons
AG just to play devils advocate here
We where fully funded on the current campaigns until 2023 ( I think the key word is current )
An expansion to the current footprint like tambo or creswick would require additional funding or ECR if looking at a JV know they will have to contribute to the funding of that which it outside of the program
Again it’s all theory until CB add a little
More clarity on what he plans to do with the cash
Jesellis go on uTube and type in ECR Minerals it s the top video with Alan green links play up when you post them on her
Just my view on the presentation deck it’s a work in progress more content has been added and adjustment made we need to stop crying about updates and just let things take their course.
Until an official RNS is released trying to pick up cryptic clues isn’t going to help anyone
Hi JSellis the sort answer is I no longer hold EUA made my profit (target ) and didn’t like some of the cooperate governance
However back to ECR like I said earlier give CB a break aslong as he is busy drilling the results will
Come take the time to read through the previous RNS even in the last financial account RNS it refers to the program of activity and what’s being focused on now and next.
I think we do need to have some perspective here
We are potentially on prospect 1 of a 5 prospect area to right off an investment based on 1 prospect which isn’t in the most lucrative in the portfolio is premature.
Lessons learned I was in EUA for a long time and RNS information was few and far between but was always of good quality just want I expect here in the early days
Looking at the last RNS most of the previous updates have been on the 12th so let’s wait and see
Hi All
glitter tip you seem overly concerned about the licensing application but do you know what any of the status codes mean?
I am personally in pleased with the progress just on the Creswick piece which is the really the one that everyone seems focused on the regulator will be under pressure to complete the process either way we are 1 of 10 from that time period and the 4th oldest
Just thought I would mention something people may have overlooked ECR tweet talked about HR3 being a 4 drill hole campaign which I can’t find CB referencing previously in terms of size of the initial HR3 campaign
based on a hole taking 2 weeks each reasonable guess we are probably just starting the 4th.
Patience is the key you don’t stop a football game at 70minutes you wait till the game is finished to confirm the results.
Like many have said mining is long term take it from
Someone that’s held EUA which feel like since the dawn of time lots of lows and highs on the journey