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The Company is in advanced negotiations to sell these assets and expects to update shareholders as to progress early in 2019. I wonder what will come of this. Expect update early January. I think minimum 5mil which would take cash closer to 20mil. I wait eagerly.
Full credit to you for sitting it out and keeping the board going on your own for the last few weeks Scott. I assume you’ve averaged down whilst Peter has been suppressing the share price? Been a lot of shares taken off the table between 6-7p and people will want 100%+ from that level no problem. Exciting place to be now distressed seller has left the building.
Agree with everything said. I think volume may be low across the board this week but come new year: with asset sales and possibly takeover offers at significantly higher share prices (don’t forget this was 30-40p only a few months ago) it’s going to move. I don’t mind waiting a few weeks for the market to catch up.
Should be valued at 10p now!! (assuming good progress is being made) then poss 15 to 17p ps on completion of deals.
This company should be valued atleast twice it's current market cap - just current cash position is significantly higher than market cap which doesn't include their assets/royalties.
An now sitting at 7.5million mcap. Just need to sit tight it needs to move at one point.
Agreed. Must have 15mil in the bank now as burning roughly 300-400k a month. The seller has now fully cleared. Asset sale news early next year. I think they could get 5million for that. I hope there are buyers tomorrow as this could move very quickly.
About 12p seems fair for now.
That's him out. Hopefully move back to cash level
Classic ramper phrase here: '7p paid'
Ridds snapped you av down to 7.84p
Yep. There we go.
Cheerio Peter. Don't let the door hit you.
Now, on to company sale!
Looks like he's basically out, now.
New Year nearly upon us. Must be reaching Kitchen Sink time here?
Showing as sells.
Added twice. With cash at 15mil too cheap
Is that Peter out now. Let the news begin
Current $20m is £16m , they spent $1.3m in 2 months?... they have to reduce that spend though.... hopeful so. The IP and other royalties etc is the question...i.e what price....if £5 or £6m then thats a 16/17p sp...
will pop in then now and again once i have finished selling to see if yout rite. good luck.
You could be correct but I don't see it that way. My opinion is when the assets sale news comes through (depending if it's good) it will hit 15p. And I think it will be fully sold for minimum 20p. Not all the big boys are getting out.
scott cant see why it worth hanging on too as i guess it will only produce s 11 p if your lucky as the big boys seem to be geting out and private investers are taaking their place.
Fair Play. I plan to hold, and look forward to the next news early in q1
have averaged down quite a bit now, and I will be soon out of this with a small loss scott :-)
Haha not our fault you bought in the 20s
This is going nowhere except down the pan
Why are they buying silly amounts of shares? 45 and they have to report it?? Doesn’t make sense? Must be costing more to make the trade!!