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RBC RAISES CLINIGEN PRICE TARGET TO 1600 (1400) PENCE - 'TOP PICK'

Just added another £20k to my holding to average up.

https://www.clinigengroup.com/media/1949/clinigen_ar_2019.pdf

What dilution would people accept/be happy with?

It kind of feels like Dragon's Den at the minute. SXX wants £500m for x% of the company.

You clearly haven't been to Chinatown then in London and Manchester.

I have friends in high places at JP Morgan and all are confident that SXX will secure funding. They think that a lot of this is SP manipulation. But they said there is no way JPM would enter into agreements with SXX if there were no assurances over funding.

I saw them going into a Chinese restaurant. But I could be wong!

well if the motley fool said the mine will get finished then it must be true

Things to fill me with optimism
1. The government approved the project. There is no way they would have approved it if SXX had not given assurances over funding. Or at least, there is no way they would have given SXX the go ahead to start drilling a hole in the Moors without funding. Its like me saying I have this amazing project but I am going to have impact the British country side and I have no idea or assurances how I am going to fund. But I'll start drilling and see if funding comes in.
2. The IIs are still here. Ok, citi group are reducing their holding. But that seems normal to me. Wouldn't you if you managed an investment fund - free up resources and then invest them elsewhere. And other IIs are still here.
3. The II interest is significant and valid. If you were one of the IIs you would be helping SXX get this funding over the line.
4. You cant just drill and leave a hole in the Moors

Reasons for pessimism
1. Share price doesn't lie
2. Little talk coming out of the company. Silence is deafening.
3. The rate on the bonds was very favourable and no one took them up.

So how do you explain yesterday's SP rise then?

I understand your point. But its hugely undervalued based on future forecast earnings and growth. Anyway, I dont want to talk about a different share on this forum. I was just saying what I had done. I will get back into SXX but only once good news comes. Of course I will have to average up (if you like) but I need more certainty with my portfolio.

Careful what you say

I'm sad to say that I've sold my SXX holding and put it all in CLIN. Has anyone seen the CLIN price? Great entry point IMO

Great opportunity to top up here. Its rare that it goes down to this level.

Things to fill me with optimism
1. The government approved the project. There is no way they would have approved it if SXX had not given assurances over funding. Or at least, there is no way they would have given SXX the go ahead to start drilling a hole in the Moors without funding. Its like me saying I have this amazing project but I am going to have impact the British country side and I have no idea or assurances how I am going to fund. But I'll start drilling and see if funding comes in.
2. The IIs are still here. Ok, citi group are reducing their holding. But that seems normal to me. Wouldn't you if you managed an investment fund - free up resources and then invest them elsewhere. And other IIs are still here.
3. The II interest is significant and valid. If you were one of the IIs you would be helping SXX get this funding over the line.
4. You cant just drill and leave a hole in the Moors

Reasons for pessimism
1. Share price doesn't lie
2. Little talk coming out of the company. Silence is deafening.
3. The rate on the bonds was very favourable and no one talk them up.

1. Why would the government approve the project if they didnt have assurances over the financing of the project? You would expect that one of the questions in the proposal to be how SXX expects to fund the project. Similarly, to mislead investors in thinking stage 2 financing was probable was wrong. I like many took up the share options when they were issued.

2. Why are the institutional investors still here?

Seems like the perfect share to short as this share is only heading one way by the looks of it.

Unfortunately, Im too emotionally attached. Lost 90% already. Another 10% is not going to affect me

Does anyone want to join me in throwing themselves into the shaft?

Dont mislead investors

You would think that if SXX did go with a strategic partner then the terms and arrangements would be substantially worse than terms that would have been attached to the bond that was canned.