Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Or maybe leftovers from last Julys placing. It will fly sooner then later in my opinion. Yesterday’s RNS was HUGE. GLA
It was very close to 50p at the start of January.
I'm assuming some holders got bored and saw the opportunity to cut their losses and move elsewhere. I get the impression the pandemic brought in lots of new, inexperienced investors who didn't appreciate how long it takes to make progress in drug development/discovery. So maybe that explains it.
This is holding at 22p vert well considering how many sales there are.
Need to get rid of these amd this should head back to 24p
nlondon1234
As a LTH why do you think it's dropped 50% since January when it can attract big contracts like the one yesterday?
I haven't read through the RNS for the year
Was there a placing or has it just slowly drifted down.
Your insight would be appreciated
Neil
I've been in here a while.There are a lot of institutional holders with large holdings here, including some who supported mjority of the last placing and are actual funds, not bucket shops. They will probably be selling down as long term holders they have a lot invested and can't sell down 10-20% in one go if something goes wrong a long the journey. This is definitely a long term investment for aim. It tends to get very little interest apart from on licencing out days.
Just purchased myself Mags... maybe we will agree on a share for once hey!!
yes.
Shearclass - i tend to disagree, i think old holders just got out too soon - and thanks to them new holders been able to buy much lower.
On last 3m euro payment it was 30p, and now we have $14m + $400m future potential
MAGS,when you going to average down?
sorry $1.1+billion. first time in history the order book has been this high.
not just $2m. This will fly soon.
was up 45% and that was a light touch here, now that have $1.1+ order book.
Upfront- Pre-clinical payment is $16M total - surprised some thought it was just $2m only.
C4XD signs exclusive global licence worth up to $402 million1 with AstraZeneca
for the development and commercialisation of NRF2 Activator programme
C4XD is eligible to receive upfront and pre-clinical payments of $16 million, plus development and commercial milestones, and tiered mid-single digit royalties
https://www.c4xdiscovery.com/investors/shareholder-information/
Pretty much all of the shareholders here were paying above current prices. Polar could be adding again. Lombard were at beginning of year at near 40
https://www.c4xdiscovery.com/pipeline/ here you can see how close the next steps are and no doubt further milestone payments.
https://clinicaltrials.gov/ct2/show/NCT04976855?term=INDV-2000&draw=2&rank=2
Here is one which has an estimated primary completion date of end of year so again further milestones possible.
I have asked the company what his holding is.......as per c4xd webpage on investors he is apparently over 23% again despite no new tr1.....if he did partake in last placing at 25....selling down here may not be to clever.
On the milestones - if you look again on the webpage you can see how close it is to going clinical trial so further milestones maybe due very soon. Cash wise i think close to 20m currently and assets close to 20, so current mcap of only 57m is quite low.
It'll more than likely be Richard Griffiths using the liquidity to reduce his 57m holding. The deal value is almost irrelevant given that we have no visibility on what needs to happen to achieve the milestones or what potential timelines are. The upfront is minimal at £2m, what would have been far more impressive is if AZN took an equity stake in C4XD or the upfront was significantly higher.
once that is clear it moves back up.....will keep scaling in, i noted the reaction on share price on last bit of news drop before a nice rise over a week or so
Makes no sense to me at all. There's a very large background seller keeps pumping out 25000s and yesterday 50000s, fed up with the sight of them. Why are they selling now?
£332 million deal and SP is down with market cap currently at £58 million doesn't not sit right. Furthermore 125000 trade at 29p logged at 17:58 yesterday and booked this morning? Crazy
Will build up slowly here. Juts keep buying low and hold.
Games will be played here. This is silly now after 18k+ buy at 29p a/h.
Once MM fishing is done, it will move up and over 30's.
https://twitter.com/rckhlld/status/1597316822466170881?s=61&t=D13t_T0tuGfHeOfI0aWWdg
Last a/f buy at 29p - gaps up tomorrow, to bear trap the suckers.
28-Nov-22 16:39:07 29.96032 63,000 Buy* 18.88k
Who can buy after close here?
Not even stated buying here yet, end of week, 30-40p will do.
End of year/ start as news follows will be good too.
Glad caught this low.
Well done all buyers of minor retail sellers. Respect
Very good for buyers here today form 45% up. They have enough money, institutions paid 25p recently. It was good day to get rid of dead wood here
close on uptick, will be fun now, as they scramble to get back in.
They are not desperate to raise funds currently but I guess if the right investor (s) comes along with interest, then it's always good to have more money to invest in growth, hopefully can raise capital at a premium rather than a discount like previously. IMO, DYOR
There was one fundrisg in July, plus extra money now, so I don't expect another for quite a while...
Good news, it's now the 3rd deal in 5 years. It does demonstrate they have the tech and ability to make good deals. But like previous deals, there has been a pattern, after every deal so far has been followed by a fund raise. The issue with this business model is it relies heavily on upfront payment (2m for this deal)+ milestone payments and then royalty on sales which will takes a long time/many years. Therefore C4x will need to keep raising funds to maintain operations and invest until they have many potential assets in the pipeline. IMO, DYOR.