The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Sadly, it looks like this is going the same way as my "other" speculative investments; Petroteq and Tomco. Looks firmly below the 1p mark now and in the continued absence of any tangible progress, the slide to oblivion looks more likely than the shoot for the stars.
Still, I remain in dwindling hope...
If Tomco can achieve the massive funding required with such a small Mcap, I will take my hat off to JP et al. I realise the proposed lending could be asset backed but it's a huge leap of faith from the lenders and I'm sure the terms could be quite onerous.
I guess like always, we'll just have to wait and see. Personally I don't see it happening but I have no intention of selling out at these lows.
With the severe lack of progress over many days/weeks/months/years, I ask myself what is it our leaders actually do on a daily basis. They keep reminding us how hard they are working but I can't help but picture them sitting in their offices, staring out the window, twiddling their thumbs, just waiting for the phone to ring!
It's bewildering to have supposedly been so close to success on so many occasions, yet still nothing delivered. Tick tock, tick tock......
That is a very depressing read 46G and a great indication of our BoD's failure to get ANY project to commercial status. Over a decade of "jam tomorrow" promises, with zip delivered. They really should hang their heads in shame at how a succession of top executives have screwed millions out of the company with little or nothing to show for their (reported) efforts??
This really is like playing the lottery. Every week I wait in anticipation, hoping for news that will be really life-changing but of course continuously being disappointed. However, with every passing week/month, as we hurtle down the (cash) runway, I'm beginning to have more hope of actually winning the lottery, than of QED ever changing my life!
As a "first time investor in the stock market", perhaps you should have chosen a less risky venture?? I hope you are prepared to lose your £2k. It could pay off massively if the company's plans come to fruition, however, us LTSHs have seen too many false dawns to get over-excited anymore.
Good luck! We all need it here....
Sad thing now is, we could get good news, (please!) and with it a 100%+ rise and still be under 2p. This is definitely the most despondent I've been in the last 12 years of holding shares here. A huge turnaround in fortunes required, can they do it????
It would appear HSO and AC OIL decided to submit their approval request based on historic findings and studies rather than producing their own "proof".
Perhaps they did this to save some of their own cash, using funds raised on a successful hearing instead. They need to get drilling with existing permits, if they don't do this with urgency, perhaps it means they are not as committed as we thought?? I would like to think they are reading the riot act to their lawyers for their amateurish incompetence.
Look on the bright side, a 20% drop is much less painful when the SP is crap anyway. A drop from 5p to 4p would have been far more costly in £s that is.
I'm sure our wonderful management team will see this for the minor distraction it is/was and assure us there are bigger fish to fry. The future is so bright, we're going to need sunglasses!
Now where have I heard that before? Hmmm
Pleasantly surprised the SP has remained 1p+, I thought last weeks reported trial inadequacies might have taken us down to 0.8p or thereabouts. I struggle to see who would sell at these prices while we have a lot of potential positive news flow between now and the year end.
However, if we're no further forward by the year end, the option to sell at 1p may no longer be there?
A question for the more technically knowledgeable among us;
Apart from volumes, are there any other differences in the equipment being used for this industrial trial? The initial trial, carried out years ago, seemed to be a great success, or so we were told.
"The Morocco client must think Quadrise are a bunch of amatuers."
And they'd be absolutely right!
Wouldn't surprise me if it was the shares recently bought by the BoD that have been dumped. Yes I know it would be insider trading but based on previous incompetence, they probably wouldn't think they are doing anything wrong!!