The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good article on China / Iron Ore here.
https://www.afr.com/world/asia/china-s-losing-battle-against-iron-ore-price-controls-20231129-p5enr5
Steaming turd this one. Avoid.
I saw this last night too and it ties in with the recent junior Nguesso meetings with Japan. Back in 2014, Zanaga were pitching themselves to Chinese and Japanese investors. Now they are sole owner of Zanaga, I suspect they have revisited old contacts. 100p a share and Japan can have it.
The problem is another placing could be at 3p. The risk here has gone up big time. And we know the CEO doesn't give a s about dilution.
Well I guess the amount of posters here shows there is interest and perhaps money to be made. I am toying with selling and clawing back the loss elsewhere still myself.
to be fair he tipped it around 16p and it went over 35p. it is the pullback which has been awful. i have written the money off. to be honest i think all of the portfolio is a pile of ****e now. tek is just set up to pay the directors a nice living. shareholders just get diluted and broken promises.
That has to be Zanaga related. I hoped he would name check us but that's still pretty obvious. Cannot believe we are 6p.
The CEO should buy some shares with his OWN money here. Such a shame to see this crazy valuation. I don't believe it is the lack of profitability holding the sp back. Investors would be happy if they thought the 100m value per holding was coming. The CEO is the problem.
I don't want to know how much money I spent on drinks and taxis in those days...
Nguesso is doing his state of the nation speech today. Not impossible we could be mentioned.
His son met with Japan again yesterday. Details are on his twitter account. I see Japan as the outsiders for Zanaga as historically there was interest from a Japanese company in the project.
"This discussion is a continuation of our previous dialogues, initiated during my visit to Japan, and focuses on strengthening our cooperation, particularly on the economic level.
One of the major points of our meeting was my proposal to establish an office of the Japanese agency in Brazzaville, modeled on the model of the one operating in the Democratic Republic of Congo. This initiative is crucial for us because it aims to facilitate and accelerate the completion of large-scale projects on our soil.
We also discussed the importance of quickly finalizing the technical cooperation agreement between our two countries. I insisted on the need to sign this agreement before the end of the year, in order to integrate our joint projects into Japan's annual budget which is generally adopted in March."
Makes sense the AGM has been scheduled for after new is out, so they can take questions.
There use to be a bar under Citypoint called Amber. Roller skating, attractive ladies wearing not much went around the dance floor! A young Veteran had some success there when he was a single man!
The salary and bonus is very poor. You can't pay yourself that with the current market cap. None of the portfolio companies are being valued at more than a few million each. That's total failure. They have raised and spent far more than the current market cap. We were told the target was 100m market cap for each company. Sounds ludicrous at the moment. Personally I don't rate Lucyd and would sell it off to anyone who shows interest. Get cash on the books instead.
MM you didn't enter the share price thread run by ET? What is your sp target?
What a disaster. This was 36p not too long ago. The management team need kicking out ASAP.
Only 4 weeks of work before Christmas now. Update next week I suspect. I share the frustration at the sp, it showed signs of moving and then Shard tranche 2 batted us back down again. I always look for various key words on Google but there is never anything Zanaga specific. Patience is a killer.
Share price is awful. That's the big problem here. My frustration is mounting.