Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi HC Thanks for mentioning, that I may have been little brave, with my buying. Just got bk from India, after 4 weeks in sun. Have managed to pickup another 10,250 just now. Lets stuff the DHSC and makeup the paper losses, that LTH have been holding. I do hope lth's will make some profit and in PI100 case, at least he gets his investment back. Good luck all, not long to go, b4 the fat lady starts singing.
'I do think this review could be pivotal..as it will set the scene and prob give both sides a feeling for the judge'
Same here, hence a big update when it comes after the 30th April review.
This move is exactly what I've been going on about from months. Clever little traders thought that they'd be no interest here until the dispute was resolved and that sure they'd miss out on the, say, 40-60p first thing on the announcement of good news but get in without muck risk at 08:02... even cleverer folk like P100 predicted 10p before a positive jump if dhsc outcome was good and hence just sit back and relax and jump in when they want.
No in this case the gains are made by stomaching the small risk of being wiped out, the gains are made by our friend Amers and the like who have bought and bought well in advance of this move.
James got lunch ready for his daughter wearing a summer dress .
"Do we collectively feel that the DHSC are using this as a test case to determine whether to go to full trial "
I did post on this last Friday...
"I wonder if the gov will decide on pursuit of the rest of the case in light of that decision - if it should go ncyt way?"
If it were anybody other than gov..i would say very likely. Remember 70% of commefcial litigation cases get sorted before trial
Problem is that it is not coming out of their pocket and what agenda do they have? Is it just about getting money back or showing to be robustly pursuing covid monies spent?
They must know the gist of ncyt's argument because presumably there were many talks For reconciliation even before a court date was applied for?
In addition the particulars of their original claim were amended after ncyt defence and an order from the judge..so it would seem to me that they may have got some feedback that there was an issue
The aspect they want a judgement on ..relates to the full value of the claim. So if it (touch wood) fails do the gov have something more robust to fall back on?
I do think this review could be pivotal..as it will set the scene and prob give both sides a feeling for the judge
Hi neilrich 3 ....to save costs of trial and public funds ...and receive full refund ... Novacyt need this to go court ...reputation of name needs to be cleared ...it's worth more than the money ...genesig clinical ..is sound .... .what do you think will happen if result goes against opinion ...
Gizmo, Should the DHSC believe that Primerdesign have no viable defence, why the application? Surely they'd allow the trial to go ahead, in order to secure their requested refund in full. Not for the DHSC to say there's's no real prospect of success for Primerdesgin, therefore we (the DHSC) shall submit an application for Summary Judgment.
Sorry missed quotation marks on last paragraph :-)
Agreed, It's a 'hail mary pass' from the the DHSC and nothing more, once defeated they will settle in short order.
Will be intresting next week, big buys will mean the big boys feel the same.
In order to defeat an application for summary judgment, the applicant must show that the other party has no real prospect of success. This is a high standard, and the other party only has to demonstrate that its case may succeed at trial.
Hi Amers , no nightmares about the case, I'm confident with what I know, but been bitten on the xxxx by this before 😁
I'm pleased by the latest development, bring it on , we've all waited long enough.
I too think it is pivotal Neil.
Hi Kaeren - My take is Gov are trying to test the waters, as to what Novacyt have to say. This will not go to full trial, as they will have lot more to lose. Our case is solid, now you have good night sleep and no nightmares. I have been away for 4 weeks, the reason for not posting. Minimum £2.50 to £3.50 coming
Seems dhss believe ..primerdesign ltd /... have no viable defence ...
Having considered Friday's announcement, makes little sense at the eleventh hour, have the DHSC backed themselves into a corner? If only we understood which aspect the application concerns, are they attempting to force our hand and accept a reduced settlement. The application shall not consider any evidence in detail.
Part 24 of the Civil Procedure Rules sets the test for summary judgment. It is there for appropriate cases to be disposed of summarily: when there's no real prospect of success.
My best guess, is that this is the formal process that the DHSC has to follow before throwing in the towel, their last throw of the dice.
I feel that Friday was the beginning of the end and I shall be surprised if this dispute now goes the distance, hoping that this shall be settled very quickly following the pre-trial review.
CS , you posted 20/4 13.25...
'It was just the change in wording that was not only a surprise but very welcome.'
It was what they wrote in relation to the application for summary judgement, that took us all by suprise. It was strongly worded and they are confident it will be dismissed.
Now as the burden of proof lies with the DHSC , Novacyt must be feeling very confident to issue that statement.
I expected to see share price volatility until approx a week before the trial commenced.
My question, to which I don't know the answer is..
Do we collectively feel that the DHSC are using this as a test case to determine whether to go to full trial , if it was a minor point, why bother, is it tactical because Ncyt have to respond and therefore they will know before full trial how Novacyt intends to contest the issue in question ?
Furthermore does anyone view this as a critical turning point and potentially think any ruling will be indicative of final outcome or alternatively negotiations to settle to begin in earnest. Whilst I fully appreciate that non of us are aware what the application concerns , there must be a motive behind proceeding in such a fashion.
Not bullying or harassment just not letting people like you and 10PI100 get away with your horrible little agendas………if people read back over your posting history from the start they would see what you are all about
Dinglewolf I've noticed all your posts are relating to harassment and bullying others on this BB . Cut it out okay !
Not a trader a LTH………some very intelligent, well informed and interesting people on the BB and you are 100% not one of them……….your mad ramblings are laughable
And there you go again Dr WBA……..you are extremely random and act like a child………in the beginning you were saying Novacyt was the world’s greatest share………..then it’s an absolute dog and you should have invested in RR……..then it was great again……..back to its rubbish and you will never invest in AIM shares again let alone put more money into Novacyt……..then out the blue you say you’ve invested 50k and Novacyt is fantastic again and going to make billions and your leaving your investment in as its going to be £25……….your a very shady nut job
Dinglewolf , let me correct you. We are not trading , we are investing ! Let's get that right . We know you are a trader.
Calm the fek down WBA…….how your acting and talking now is the reason you got yourself into such a mess investing………nothing is settled or won yet !!……..embarrassing !!
I am sure last 6 months there must be some research done on acquisitions . There must be an eye on a good acquisition and it could come soon after the DHSC case is won.
If the vibes are positive and we get a quick acquisition within the next few months and its a good company with good margins then i would hold most of my shares. I have around 210,000 shares. Remember £130M+ cash is huge for a AIM company
Val.. I don't think anyone is suggesting is not true...and many of us believe ( with the limited knowledge we have) that ncyt have a strong case.
It was just the change in wording that was not only a surprise but very welcome.
Normally ncyt don't seem to care about shareholder sentiment and don't bother with giving any encouraging wording in an rns.
Unfortunately with aim that hits hard.
No news and sp always drifts down.
The rns could have been worded more neutral and I would have bet the gains would have been partially wiped out.
As it is the inevitable drop back was halted and momentum back generated.
With aim ..you need to be bod and CEO to understand and play the game. This attracts sentiment and newbies..
Also enables trading etc.
LR knows the game...and although it won't make a difference long term...he will either bankrupt the company or hopefully make a success of ygen products....at least there will be an interesting ride and opportunity to trade or top slice.
A chance to make back some losses
If we get the cash..and can make some more acquisitions then who knows it might be a share for the future.
It certainly will make me evaluate on a good result rather than diving out asap
Jeeeez man how many Rwd Bulls have you had !!!!
I love your positivity but you need to calm it a bit and keep your feet on the ground .
Figures like that will just make people laugh and maybe not take you seriously anymore
I think hitting £4.21 is acheviable if all goes positivly re Dispute maybe this year
£6 £ 10 in a few years ( who knows ) would you hold the stock to see if it hits £25 ?????