Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can can see the multiple sells going through trying to drive the price down when it gathers a head of steam.
@mcgoof your experience is invaluable (no sarcasm) what did you do next did you manage to recover the loss by getting back in?
I was in here some years back along with Physiomics...i think the SP here was .5p i had 5k invested.
I sold them after much dilution for about 1.5k ... then came covid lol
Sorry to see OXB way down in price but until a why emerges I am not stepping back on board. Speaking of which wtf are the Board Members doing to stop this rout in sp?
Shatter
This is more than bots. It has been walked down from £9 and unfortunately shows no sign of stopping.
Any takeover wont be at that high price that's for sure. I had this one in my "established" bio section not early where it could easily fall down so it's even more galling and disappointing compounded by nothing being said by the BOD apart from fatuous uncosted contracts which we now see are very small beer indeed.
Any rumours?
The talk on other sites is that it’s ‘auto bots’ that are selling and this would appear to be borne out by the quantity of small/ tiny sells over the last few months. I agree that possibly one or a number of parties are driving the price lower for whatever reason ? It has always been a very volatile share and the light at the end of the tunnel is getting dimmer and dimmer…
Who can blame them? There doesn't seem to be any light at the end of this particular tunnel. Into the £2 we come?
Who is selling this? The constant sells over a long period I sense a particular II is exiting.
Hi Kern,
All in the same boat. Have lost 20% of my portfolio over the last few weeks. Made a purchase today, the first in months, that being Lloyds. Scary and expensive times ahead. I also thought that Oxb was going to drop below the £3.00 level but lets hope that the market settles .
Hi Shatter
I thought for one moment we were going to fall below £3 and it was beginning to look like a death spiral. Yes when they were finally disclosed the "undisclosed" contracts were not worth very much which is why the market eventually moved against rather than the initial small rise.
I am still in having misjudged my last buy very badly. It's hard to get excited as the company releases very little information and it is hard to be optimistic from the numbers we know but it is still operating and so there is a chance I might get some of my money back.
Sareum hit by what was seen as bad news and lost a third before clawing back a bit so that down from about £4.50 to £1.50 and Angle from £1.50 to about 50p and VAL scraping along at 16p, I am not doing so well in my biotechs/pharmas
Hi Kern,
$5 million a year is a hefty wad of cash to find and that is only the interest. Going to be loss making this year I believe. I hate being pessimistic about Oxb but I was really lucky to get out when I did because unless they land a major contract I can see no upside. Cashburn has got to be, or should be, a major concern so these small ‘undisclosed’ contracts aren’t exciting the market. Hopefully I will be proved wrong..
Shatter
Morning
That's the going rate now even for secured though if they are selling and leasing back what is it secured on?
15% would be nearer unsecured so I don't have a problem with it and it is much longer term so hopefully there is now a financial base to move forward.
SP reacted in the right way but can easily turn and a very long way to go.
At 10.25% I would be more than happy to lend OXB a few quid.
Briefly hit a new low today.. surely the major shareholders must be livid at the recent performance or do they know something we don’t ?
Shatter,
I’m not really sure if k want to buy again . The reason o bought it was because of covid vaccine .
But I won’t re invest untill something else comes up and they get Oxford again .
Metom….great price,eh. Fancy buying back in again? On a serious note the sp is shocking . You did well to get out when you did. Roughly 7p in old money before the consolidation. Scary..
Bloody hell, I sold this at around 10ish and it went up to £15 and now just over £3 !!! Wow
Even if Covid returns that doesn't change much for OXB because everyone still uses Pfizer! Only 3rd world countries still use AZ. They should have also invested in developing mRNA vaccine manufacturing capacity, as it would have been significantly cheaper and more profitable than taking over Homology. I don't mind if they go under though, certain people needs their ego's popped there.
I experienced 3 takes over but prior SP was dropped to 2012 level
this SP drop is only on 128 transactions
GLA
Today's paper, Fri 23rd Sept
HOSPITAL admissions with coronavirus in England have jumped 17 per cent in a week and are now rising significantly for the first time since July, latest figures show, amid fears of a new wave.
NHS statistics show that 718 people were admitted to English hospitals on Sept 19, a large increase compared to the previous week when daily admissions did not rise above 586 and fell as low as 476. It is the first time there has been a significant rise in admissions since numbers began to fall in July.
Another bad day at the office. Can’t even blame this on shorters. Where and when is the turning point ? Is this merely seen as a vaccine manufacturer, by the market, but with nothing to manufacture. Need a miracle..
Hard to see where this will stop let alone turn around. Having looked at the Interims again good news is well hidden if there at all. The much vaunted undisclosed projects are peanuts, which is why they probably didn't put a monetary value on them at the time and the Covid boost has disappeared leaving us with what?
A few on here, including me, have said about the negative aspects of sale and lease back as it looks as a method to improve cashflow and potentially to keep the lights on.
After 18 years of being in OXB it is disheartening and indeed sad that it has come to this.
Oxb has tested the £4.00 on 2 or 3 occasions which is concerning. The recently disclosed “undisclosed” revenues would appear to be suspiciously small. Why all the secrecy ? Perhaps not worth mentioning! Less than a year ago this was close to £16 but there doesn’t seem to be a turning point on the horizon..
Had a huge shock this morning when checking before opening and saw that OXB was down 95% at 218.
Obviously one of those false, rogue sp that occur sometimes before the bell but the sad thing was I was quite prepared to believe it.
Onward and hopefully upward.