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Media attention, but Russian approval would be catalyst.This is not a very liquid share and not popular among private inveators so small volume is needed to move the price. Having said that despite all of its potential and good assets rise last month could be put down to few well known "p&d" merchants on twitter who were pumping it really hard and due to which this share attracted a lot of speculated money which would not have waited longer than a week or more.It looks like most of that money has gone, results are expected to be good as due to surge in metal prices their holding in Poly has increased in value , "women's viagra" as some people call it would be worth a lot on approval.
Ovoca Bio #OVB – Can’t wait for approval; Pharma spend literally 10’s of millions marketing the awareness and benefits of a new drug on the market to Doctors / Heath officials / pharmacies / pharm buys etc……. This can take years and costs astronomical sums to fully establish a new drug. BP-101 is a marketing dream and we will get this all for free. On approval, just imagine how the media are going to react to the new “Viagra for women” available to be administered in a nasal spray format. Every single aspect of #OVB’s new drug for hypoactive Sexual Desire Disorder will be discussed, dissected, and debated in almost every female TV program, Radio show, Magazine and Tabloid. You just simply cannot buy marketing like this!!!
With #ovb at 15p (Mkt cap 12.23 M) our #Poly shares, cash and zero dept is already covering our mkt cap. These shares are currently so far under the radar, shareholders are getting a risk-free high-profile drug that has already passed stage 3 trials and awaiting approval any day now that truly has the potential to be worth over a billion pounds all for free!!!!
When you allow for their shareholding in POLY and the cash in the balance sheet OVB is currently being valued at less than zero.
It’s absolutely madness when their drug could be worth hundreds of £millions also.
Free bet anyone ?
Nai/DYOR
Guaranteed in September I’d imagine.
Can’t buy any shares at present as I just tried to top up.
After another 50k as can see 40-50p here very soon.
Nai/DYOR
Going through previous interim results date , they can come at any time between end of August until end of September.
so hoping for some news at least. Have a small punt on this.
I have taken a small position now at 16.4, but would add more if stays around current level tomorrow
There is no denying that but there is still a risk besides that , so not risk free investment although current market capital can be justified by its stake in Polymetal.
The Russian approval then it's quickly on to the Australian trial which will see this double from here in my opinion.
Its product awaiting Russian approval could bring some really good rewards , besides that its stake in Polymetal is worth more than its market capital but in my opinion these two factors failed to give share price much needed boost.
If this share is pumped and dumped, then the ones selling today have a lot to learn, I won't deny it happens but this share will only let you dump on the upward trend.
Hard to say, as I said that I reckon few of time may still have some shares to offload.Knowing their antics they may even start pumping it after they buy it back to cause another p&d for quick 10/20%.
Some well known "p&d" faces were pushing it last week and that has resulted in a lot of speculated money getting stuck in this share, think they have dumped and so has the crew that followed their "tip".A few may leave today or tomorrow and that would be an ideal time to buy it.
Davy only MM left at 17p and again won't quote for even 5000 shares, tried for more and they are wanting 17.4p for 25k.
Have a look at their presentation for current liquid assets : )
It’s more than the current market cap so the bio business is in for free : )
Nai/DYOR
Do they still have a holding. Was it 170k sold last year so I guess div income will be negligible. Any holding now would be worth a bit n value and realised to focus on being a Bio-tech.
Polymetal announces that on 25 August 2020 the Board of Directors of the Company resolved to pay an interim dividend of US$ 0.40 per share for the six months ended 30 June 2020
This brings the total dividend declared in 2020 to US$ 1.02 per share, or US$ 481 million in aggregate, and the dividend yield to 5.4% based on the average year-to-date share price.
The dividend will be paid on 25 September 2020
https://www.investegate.co.uk/polymetal--international-plc--poly-/eqs/polymetal--interim-dividend-declaration-of-us--0-40-per-share-and-approval-of-revised-dividend-policy/20200826070503EJYJQ/
Yeah it switched mid afternoon.
Nai/DYOR
can easily buy 100,000 at 18.84p via Hargreaves LansD
Brokers from time to time I might put an order in on phone just to see
Ovb . In Dublin so I’ll might pop over .