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Saint-Tropez,
That’s not my projection, that’s the projection of Omega/Wallbrook. That is what sound investors will follow and keep their investment here.
It is only impatient investors that want to chase quick money that will selling up and going elsewhere.
ST
Yesterday, volume bought was much higher than sold but MMs dropped and kept the SP at this levels.
Today:
Vol. Sold 186,835
Sold Value £74.73k
Vol. Bought 315,429
Bought Value £126.17k
- if we get decent volumes we may clear the placings quicker - MMs will have to raise the SP for this to happen
- a lot of the placings shares held by PIs may have already been sold . If so, the clearing process may not take long at all.
As for the IIs, they'll be selling for big profits. Some will derisk and may hold SP back. lth won't be bothered by all this. More news from the Mologic side is vital. I very much doubt day traders will want to get involved at the minute
I fully expect it to start moving up next week. There will be no further downward pressure and there will be constant newsflow as early as this month. Any selling into a rise will be taken up with new investors on each piece of news.
Personal preference would be for it to stay at 40p for a couple of months as then i can get my holding to the level i would like it to be, but i do expect the tables to start to turn here sooner rather than later.
average weekly volume circa 25/30m
OO shares 7.5m
so without news which previously has raised volume to 40/50m you reckon weeks to sell
not too good at maths
All the information coming from Omega and Wallbrook is that the timescales for business developments are 6 to 12 months.
If you are expecting returns on your investment far quicker than that, that would be a perception that has been made on pure speculation rather than research.
I would expect 12 months from now that the SP will mature. In the meantime there will be positive increments.
Best advice is not to look to see what the SP is doing every few minutes/hours or even days. Think more in terms of weeks now and wait for news.
We did over 3 million in volume yesterday. So using that as metrix I would think the churn will be faster than you think, also no one is going to want to sell stock at a loss so the sells will likely be higher.
ST
That is EXACTLY why the SP is at around 40p and will stay there for a long while. MMs won't move it up no matter how much money goes in. Like i said yesterday, no amount of good news will move this up short to medium term. Peeps will sell. The reason we're at this sp is because some peeps forward sold their placings shares. We wont know what the IIs will decide to do. This share is now firmly with the MMs.
I think that could be very likely at the moment too! They are starting a big testing phase and ODX is perfectly positioned to exploit it.
"I am delighted that we have received approval to sell the Mologic ELISA antibody test in India as this is a key target market. We have an established direct sales team and we believe a reliable and high-performance antibody test will be very attractive to our laboratory customers. India is one of the fastest growing economies in the world and has a population of over 1.3 billion people. Clearly this is an important market for us to target and I look forward to updating shareholders on our commercial traction."
That is when there will be a significant rise north in the SP.
It has to come, just a question of how long we have to wait. I am thinking that news of an order is imminent.
Wouldnt be surprised if we get a nice big order for test from India pretty soon...
as long as its approved at the AGM on July 10.
There will be more Shares in circulation and more cash in the bank. The RNS even tells you how they will spend/allocate that money.
Can I just ask someone in the know- £3 mill raised from private shareholders £8 mil from the big boys- all shares allocated.
Am I right in saying that there are no more millions of shares swamping the market and that these shares have now been paid for and the money is nestled in the bank?
A voice of reason. Thank you!
The current SP is only slightly higher than my first 29p buy when the company was focused on its existing portfolio of products. Now we have COVID, they are part of the consortium and have developed best in class products to combat it. They are funded and ready to move to the next stage with countries and governments as clients.
As far as AIM investments go this one has a lot of promise.