RE: News25 Jul 2020 18:56
Some have said about 'ducks lining up' and I do believe there is merit in this. A few things which I initially had reservations about have been resolved. Firstly, we had a share placing to help strengthen the balance sheet/cash resources at 7p. Secondly, we had the Financial Dir purchasing shares for approx £25,000 at 6.78p or therebouts, we had the naming of the 'global co' as Eli Lilly, the Q&A which was never going to reveal price senstive info, and the granting and take up of options by two directors for 4,400,000 shares at 7p - announced at same time as Eli Lilly reveal. I therefore believe that this is a good investment and I am willing to wait until there are further announcements but I am in no rush because these things take time. Therefore the upside potential is massive and downside risk at these prices fairly low. As investments go I am fairly risk averse with my other company being Centamin Egypt - CEY - Gold, but I have accepted that Hemo is worth the risk of having some investment funds.