The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Would love the info on SIPPs. I moved my company money purchase to a sipp from the rogues who were charging me a fee and losing me money in a rising market 2.5 years ago. Have managed to double my money in that time thanks to the likes of eua and ggp but have been cautious to say the least. I am 70 now and thinking of drawing down this tax year so whatever info you have got please share, I am sure there are loads here who are in the same boat. Just a bit nervous on emailing, sorry.
It’s called banding when they use bricks from 1 pack at a time instead of mixing bricks from different packs. Very common fault but no structural problem. Could also be exacerbated by incnsistent mortar mixes.
How have Advn allowed the ggp share chat to be taken over by imbeciles talking absolute childish rubbish. It beggars belief that grown people could talk such nonsense about anything but ggp.
Anyway this share has tons of potential and should reward the patient in due course, one to hold.
May I congratulate all on what is possibly life changing news for many people. I got in beginning November have traded on occasions just being safe, in hindsight stupid. Originally watched Dmitry interview and felt ok but woke up in the middle of the night convinced it was an elaborate con trick. However sp had dropped so did nothing , thank god.
Anyway all’s well that ends well. This is good for me and my missus who has myeloma, so can draw down off my SIPP to support her and give a good donation to myeloma U.K. and the lilac centre St. Helens. As I said life changing no worries financially if it pans out to say minimum 20p.
At the rate of buy vs sells today the mms will soon run out of shares and either raise the sell price or do another phoney drop to scare the I researched into selling probably accompanied by a dear per onslaught. Hold on tight to your shares.
Would appear that a load of peanut sellers are taking their measly profits thus keeping the sp down for the moment. They will sorely regret their actions today unless they can get into something more instant profit giving.
This will keep appreciating as the news sinks in but there will always be people who are willing to settle for 10% margins rather than holding out for really massive profits that will be realised here, whether that be this week , month or year it is all sitting there. OK it is in the ground but we can and will dig it out if needs be or just sell it still in the ground whatever ! It is there money to be made.
Thank you Mr c for sharing this I am in a similar boat with my wife having myeloma.Instead of us all greedily thinking how we are going to spend our expected gains we should be thinking of donating a small proportion of it to a charity. I am going to give 5% of my gains to myeloma.uk if it does happen. Maybe if more committed to such things Karma will happen and we will all have good luck.
Have finally lost patience with both Vast and Prem. Zimbabwe open for business don’t make us laugh. There has been plenty of opportunities to sign both deals but for for whatever reason they have failed to do so. Even though by all all accounts both companies have had long relationships in Zimbabwe the company reps made statements that led investors to believe that signings were imminent and nw it seems they are not really imminent just wishful thinking whilst the people of Zimbabwe starve and their leaders get fatter. I think the gov are playing games hoping they can get better offers elsewhere and Vast and Prem sit on the subs bench just in case they don’t.
I have divested most of my shareholdings in both and just keeping modest amounts in both it is far too risky to hold big amounts here IMO.
First of all against my better judgement I invested in Prem and still hold a small stake. People should study the Bacanora story before getting too excited re prospects here of multi baggers, after EPO if it ever comes there is a long road of arranging investors, off take agreements, possibly dilution and building process plants unless they are going to shift tonnes of the stuff to be processed elsewhere. Zimbabwe is not a land of milk and honey, values are very different from that which we think are normal, people are seriously poor but their leaders are seriously rich what does that tell you, answers on a postcard.
I am not trying to de ramp as I am invested but go in with your eyes open and study Bacanora, only spend what you can afford to lose.
Roger remember you haven’t lost money or gained money until you sell, something I need to remember myself, but when faced with those red numbers on your platform account it is hard to resist despite your brain telling you that this IS a good investment your heart and missus tell you to sell just in case it totally flops.
Taking the fact that you have sold 1.9m shares you may well be responsible for a good percentage of the losses taking today for an example 240k sells dropped us 1.5 p so roger thanks for that but do I blame you not at all, each to their own. Anyway in my calcs your 100k should be valued at £100k plus within 2 years which may just about get you level. Good luck
Depending upon the terms of the funding I would in my opinion expect the sp to rise back to the circa 50p mark. Then we have an expected 18 month hiatus (not sure whether that includes the procurement process for a construction company which could take 3 to 6 months) whilst the facility is built. Once built BCN start making a profit thus IMO taking the sp up to £1plus.
During this possible 2 year process we could have further development of Zinnwald which once again IMO can only add to the company prospects and sp.
So hold the shares for a LTH prospect buy more when your guts tell you (no one will tell you) that financing is imminent. There are no quick bucks to be made here just long term bucks. The dawn of realisation has finally hit me.
Roger maybe a little optimistic on the use of the company data like cost £4K to produce and £11k sales price producing £7k per t profit let’s add say interest on loans, payback of construction costs, overheads et al at say 75% of gross profit and still using the commonly held multiplier of 7x it still puts us on £214m market cap I.e £1 plus per share.
On the points raised re lithium demand we’ve got loads of the stuff but it’s all stuck in the ground and there it will stay until we get the facility built when that will be who knows. Hopefully we start producing at the right time and it hits the market when demand is properly growing, that will be when electric cars are becoming the norm and not a niche product. But too achieve that the prices of cars will have to reduce significantly so fiesta man can afford them.
The only difference is market cap which was £49m with 120 odd million shares now £62m with 196million shares so increase in market cap but dilution of sp ongoing in my opinion gradually to 25p a share = £49m again. This will carry on till we get funding sorted when it should start rising again. Once we start production market cap should reach 7x the annual profit or there or thereabouts = 7 x £122.5m = 857.5m thus £4.37 per share. Crazy I know but that’s my take.
None of this makes sense market cap circa £50m.... Npv £1.25 bn .....
profit phase 1 = £7k x 17500 = £122.5 M per annum
Phase 2 profit £250M per annum
30 year mine life
Zinnwald to add, All lithium produced already spoken for via Hanwa & Ganfeng.
Am I going mad or missing something.
There is some mystery here