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If it was simply a timing issue then he should have said so - not that they were in a never ending closed period. I am optimistic here but do not have blind faith - actions speaks louder than words so if he regrets not buying then the simple and easy answer is to buy!
I'm no expert in director buying but it sounds implausible that he has been in a closed period for 18 months straight.
Ok - so many are understandably upset that new shares were recently issued via placing. One thing I would say is that drilling has been in progress for over two weeks. Could the CEO have an indication of what early results look like? If so would he give shares away to pals knowing that the SP is likely to tank within weeks?
...But it is what it is. Sentiment will soon shift from being peeved about the placing to being positive in anticipation of drilling results. Markets are fickle what can you say...? this is AIM after all.
Exploration field work underway
Following receipt of exploration funds as announced on 12(th) October 2020, the Company has commenced field activities at the Anzá project. Work programs remain subject to the changing status of the Covid-19 pandemic in the local region, however thus far this has been managed without incident. The following major activities have been completed or are underway:
-- A team of geologists and associated staff (health and safety, security, logistics, camp support etc) have been hired and mobilised to site.
-- Communications and data IT infrastructure have been established to connect the camp to the Company's remote servers and data bases.
-- Drilling contracts have been awarded, legal agreements are being completed and equipment and drilling personnel are about to mobilise.
-- Environmental and community protocols are in place and all necessary communications established.
-- Local staff have been recruited and work has been underway for some days in preparing drill access tracks and drill pads.
-- Contracts for geophysical survey work are being finalised and equipment is being shipped into Colombia.
It is anticipated that one rig should commence operation within a week to 10 days, with a second rig to be mobilised soon after, once operations have commenced safely.
...with drilling about to begin....
Do you think multiple directors would have bought shares prior to a profit warning?
Needless to say I expect a significantly ahead type statement ahead of results possibly just prior to Christmas or early Jan
I understand your sentiment but surely as Seres are valued highly based on a successful phase III trial result the comparison is not valid until DDD also have a successful phase III?
LoL! Mr Sharebel master investor thinks there should only ever be buys in a market and no sells! Any more pearls of wisdom?
P.S.Next time call out a peak - like the recent 20p plus. That would really help investors!
Sharebel - Re:
"Allstar - yawn hey then you need to brush up on your trading tactics and how to analyse markets - good god. Sounds like you simply stick a finger in the air to see which way the wind blows. Wise up. I would hope anyone invested in this share would have the sense to analyse what’s actually happening when they get a price quoted/NT to sell without a quote before they press sell.
And the price to sell now is what exactly?
If you are going to be rude and insulting at least make sure you are right! It appears as though you could brush up on your understanding of market trades!
Twas ever thus!
What's boring is listening to folk go on about MM antics all the time - especially when they are wrong. These people always top up and never sell!
Investors don't fret about every buy/sell every 2 seconds. MM games are irrelevant in the longer term if you buy and hold.
It has been going NT for the past week at much higher prices. For all we know it could be trading at 9p tomorrow then would it have been dumb to sell today? Were those selling at 20p + dumb? Without a crystal ball you cannot determine what is a good/bad price. All we each have is a view.
Are you serious? This is a market! People can buy and sell whenever they want to and at whatever price they wish do do so.
The thing about NCYT is that unlike most (all?) other COVID stocks is that it actually has a product now and that product is massively in demand and despite vaccine availability that demand is likely to continue until the middle of next year at the very least by which time NCYT may have cash worth the current market cap and diagnostics machines installed in many hospitals around the world. On that basis I think by Jan next year the SP is very unlikely to be below today's price. The profits earned from the COVID testing can be invested into R&D and acquisitions. My view is that COVID has been a company maker for NCYT and if you haven't already sold it's probably not worth selling now. Having said that the SP could easily test £5 or below tomorrow however as stated I do not believe the SP will be below today's price in JAN hence my view that if you haven't sold it's probably not worth selling now.
Some good posts today some subtle deramping put in it's place. Obviously speculative at this stage however there potential rewards are significant. Blue sky potential.
LSN's proprietary algorithms process CT images of a patient's liver to assess the nodules along the liver surface. This low cost, low-risk, non-invasive procedure provides physicians with new information that may aid in the staging of CLD and has the potential to become the standard of care for a significant global market.
It appears that you can also sell large amounts at this level...
All else being equal you would think this has to be much higher by the start of drilling
You can buy now. Fill our boots! I can get an online quote for 140k shares