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Everyone has a different attitude to risk/ reward Ray, I originally held Just over 60k shares, I now hold 30k and have banked a tidy sum. Great respect to those who are holding for even bigger gains, but I’m very happy how this has turned out so far.
Im hoping that azn are going to buy us out at 3bn, they are raising this amount through bonds and have recently released a statement in relation to concentrating efforts on copd. I’m still holding my original investment and topped up at 202. My investment is by no means massive but a ten bag would be a life changer. I’m going long the possible rewards at buyout far out way the risks in my opinion. It worked on sars and mers has shown promising results on covid 19 (peer review due soon) what are the odds it will work for common lung infections for copd or asthma, very high in my opinion. Good luck to all investors
I always find the rewriting of history on this board rather interesting :)
The post from Trinityman gets more likes than almost any other yet it's rather wonky with a lot of the information.
How could I forget my argument with Nolupus about RM's interview on Jun 19th the day before the big RNS:
https://www.lse.co.uk/ShareChat.asp?ShareTicker=SNG&share=Synairgen&page=559 (in 25 posts per page view)
Still doing alright at the poker too ;)
Rich
I would say that every now and again a share comes along which just has to be all in. Back in 2008 it was TW. Aviva sold their entire holding at 4p. A massive loss but a great opportunity. TW was values at 100m yet its assets were 4bn. It had debt 1bn and property prices were falling. I reckoned that even if the assets were down to 2bn it was a ten bagger. So I bought and continued to buy up to 20p. Within 6 months it was at 50p. That is the time to buy and go all in when you know the market is wrong.
My next investment all in was when GKP were drilling at a site where oil was seeping out of a hill side. Exactly how BP first found oil. I went all in at 17p. The find was staggering and I sold at 123p far too early but a hell of a ride.
Now SNG. A great product for COPDthat's been cooking for some time and about to come good with an extra kicker that covid 19 has arrived and we are well placed to beat everyone to a potential cure. I would be all in but I need some diversity to keep my nest egg safe too.
And don’t forget that, from the Company in the March placing document, things were going well in the (paused) COPD trial:
SNG001 Phase II trial in COPD
Synairgen is now close to completing a Phase II study in COPD patients with confirmed respiratory viral infections and pre-existing significant impairment of lung function. With 109 out of a target 120 participants already dosed, this trial has been paused to minimise the chance of vulnerable patients being exposed to further infection risk and to minimise distraction for respiratory staff in the UK hospitals and GP sites conducting the trial, who will be at the forefront in dealing with patients suffering from COVID-19. The Company is currently exploring ways to adapt the trial to enable patients in the pre-treatment pool to be dosed if they become infected with SARS-CoV-2.
Early data from this double-blind, placebo-controlled trial have demonstrated that the antiviral responses in the lung (assessed using sputum biomarkers) are similar to those observed in the asthma trial, where we saw clinical benefit in lung function.
eva - you missed the point completely. I'm certainly not here for the drama and couldn't care less about earning the likes of people. It's easy to tell people what they want to hear - most of the time it's not popular or right though. I certainly don't do that :p
As for your "buying against acacia"......does that just mean you timed your buys really badly (back in the 70-80p range before it fell to 35pish)? Or are you trying to suggest you were the only member buying down at 35p in the period Acacia started dumping (which quite clearly isn't the case - as I bought in then as remember having to tell many people not to panic about that - on both occasions that they dumped it back down to the 35p level).
I don't give a monkeys if Ghia is 80% here. Your investment strategy seems to be reading what a few people post on a messageboard and then doing something reckless based upon it. That's a very fast way to lose all your money unless you get incredibly lucky. So far you have :p
CityTTrader - I couldn't disagree more. Your post is hindsight trading. Much like Eva's. GKP could easily have had real-world political unrest/violence or countless other problems that could have made it near worthless overnight. Let's not forget it fell thousands of percent from over 3200p to not much over 100p The market wasn't wrong. The market prices in risk. If the risk factors don't happen that doesn't make them wrong. That's not to say that you can't spot opportunities and back them more heavily. I'm not against that myself hence I had my largest position here when it was 6p. However advising people to go all-in on shares like they're sure things is pretty much always dangerously reckless.
I have no idea what you're talking about. g went to just ovve 400p not 3200p. The risk t the time WaS how much oil. Much laTer it became political I was out long before then.
CityTTrader - You're clearly just missing the point. We can move on though - save filling the board with a back and forth.
I hear you loud and clear Rich and I agree with everything you just said. I'm guilty of a lot of it myself.