Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
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giving a reference timeline upon which people could base their expectations...
it is anticipated that the final approval from safe (state administration of foreign exchange) will be received following a ganfeng board meeting to be held in the coming weeks... bacanora will provide further updates once final approval is received...
reads exactly like an indication of the anticipated minimum timeframe to get safe approvals to me... 2-weeks... ganfeng board meetings do appear to be either the last friday or the last working day of the month... which takes us to friday 30aug... ;)
one things for sure... time will tell...
Couldn't give a monkey's whether you referred to the government's decision or not, since the last two RNSs have. Much as I enjoy and respect your (somewhat self-aggrandising ) insights, it often seems to me worth giving more attention to the actual information from Ganfeng and BCN.
This is like pushing water uphill. I haven't referred to the government decision; I'm talking about Ganfeng's own processes. Please read what I've been saying over the past 24 hours.
it is about the govenment
That's not actually what I said. This has nothing to do with the government; it's about Ganfeng's internal processes. I'm not sure I could have been any clearer.
you think that BCN should have intimate prior understanding of the machinations and timetabling of Chinese government departments? Crikey, maybe they should be in the intelligence business instead
Citizenlane, that's the point; it wasn't clear. The inclusion of the sentence concerning a board meeting, which was not mentioned when the deal signing was announced, may imply further board approval is required, and given their own recent issues, this is not an unreasonable thought.
To answer the question directly, if it is subject to further ratification, the RNS should have said so. Similarly, if it is not, then I can see no reason to mention it at all. It's not as if he was giving a reference timeline upon which people could base their expectations. It was vague and the interpretation, given the track record, could be that it was deliberately so.
not sure the board has gone wrong anywhere in recent months, of course traders love to create uncertainty to make their beer money, but the assets here argue something different and are now all but certain to get to production imho, the way I see it the pending re-rate will be a staging post to application to join main exchange, as PS has indicated, and a different range of investors, dyor
I think where the board went wrong this time was saying it would be concluded by end of July. With a long track record of setting dates and failing to meet them, you would think Secker would of given himself some breathing space. Under sell and over deliver - that's how to win people over, not the other way around. No one would of complained if he said the deal will take two months to close out.
Anyway, look forward to it being confirmed in a couple of weeks and for the share to start gathering some momentum. Expect us to be back up to our old trading range of 70-100 soon after deal completes.
out of interest, what else do you want them to communicate? The RNSs all seem perfectly clear to me. The deal with Gangfeng is all but done, just pending the timing of a board meeting. Yesterday's quotes from Gangfeng in particular cold hardly have offered a more watertight endorsement of the way this is heading. I understand there is a legacy of frustration here from last summer, but to me the board has played its hand extremely well to bring this partnership about.
Agree here with addicknt, but I am still in as the potential is very high. However very frustrated with this share and the way of communication of PS. I see people going crazy as we are at 37p... not sure if I should laugh or cry...
bluegrass, I'm not sure how long you've been following this page, but I'm assuming a fair while? If so, you'd have known that I've been one of the biggest proponents of this share since I first invested and started discussing here in December 2014.
Although, for a long time, there were only about half a dozen or so regular contributors, there was a high level of debate. People were both enthusiastic but also felt able to raise concerns without being accused of being "negative", or "de-ramping"; in other words, just as it should be.
We became frustrated at the lack of progress on funding, the lack of clarity and the failure ever to hit stated time-lines, but this has never distracted from the view that this is a great asset; this remains the case.
As I've said repeatedly, I do think the investment from Ganfeng will go ahead; I also think it's a poor deal, but recognise it was the only one available. It is also the case that a continuing funding gap exists. However, it's beyond me why you think the question I raised yesterday was "negative"...it was simply something based upon what was plain to see in the RNS. It may well be that it's a red herring, as someone said yesterday, and if that's the case, great. Equally, its inclusion must have been deliberate and it's very easy to see why it set thought processes running.
I'm sorry if my posts upset your equilibrium, but these boards exist so that people can discuss companies, warts and all. And long may that remain the case.
I will tell you where they are (The free world investors). Protecting their interests in oil! Trying to eek out the gravy train as long as possible. The west has had it imo. Asia (Mainly China) is going to be the world power in years to come. They are slowly buying up the future. Its a sad state of affairs. But with the likes of Trump complaining about “Windmills giving you cancer”, we dont stand a chance. Watch “new money” on amazon prime for an insight into China. Steve Sugerrand (dont think thats how you spell his name!) and Jim Rogers present it. Guess where their money is going.
Very fair comments today @addinkt - and welcome. In defence of the company I would ask where are all the free-world investors? This resource is massive and should have been financed ages ago. The only ones to (hopefully) front up have been the Chinese. If they got it cheap then so be it. Everybody else has had ample opportunity to get involved. Cannot understand why some of the big carbon fuel companies don't take a slice. All comments both pro and anti are always welcome in a democracy ; )
With double share buys against sells today, the market is starting to pay interest to BCN. One would hope this would lead to a continued rise in the SP prior to signature of the third agreement, following gangfeng’s board meeting. The comments made by gangfeng are very positive
gotta love a public service poster, just providing perspective out of the goodness of his heart
They would have paid a lot of money to get to this point in due diligence etc, the situation is looking very good imho
addicknt - I think your comments are very relevant. I am heavily invested here, but my experience of AIM companies is chequered at best so until the money is on the table its not a done deal. People on these boards think as soon as you invest in a company sceptcism must go out of the window !
I'm not swallowing any information and I am on the whole pretty cynical which is precisely why I am questioning you. You want the company to be straight with investors, but you are not entirely transparent yourself.
You seem to have a very high inflated opinion of yourself. Never mind running down the company you also don't seem adverse to running other posters down.
It was a simple question. Are you invested here or not?
Didn’t you disclose you weren’t a holder in July ?
I am afraid that it is typical that you didn't answer the question put to you, are/were you a politician?
I'm afraid you are typical of many investors on these pages; you assume because someone raises perfectly legitimate questions about a company, the immediate assumption is that the person raising them is "talking down" the investment.
My guess is that you've never served on a board, nor have you worked with a private equity house in terms of assessing investments and then running them? If you had, you'd get what I am saying immediately. It has absolutely nothing to do with "running down" a company; it's all about trying to find out what is the truth.
As small private investors in public companies we are no better than the proverbial mushroom. The information we are fed is hand-picked and tailored. It is distorted and manipulated all of the time. It's a very rare CEO who tells the unvarnished truth. How many times have you seen circumstances when the truth emerges ONLY when the solids hit the fan?
So, my advice (for what it's worth), is always question; always probe; always look for the negatives and don't swallow what you're being told as gospel. Be cynical.
Sadly, todays announcement was very typical of its breed and deserves to be challenged. If you choose not to, so be it.
I second that
Well it would to me and maybe some other people bearing in mind you would be less likely to talk down your own investment unless completely crazy.