The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thats more like it, now we're talking!
Clear runway of funds, strategy of keeping costs down, already drilling in Victoria, additional asset sale of 20 acres of land in Victoria with planning permision application going in for residential property expected to increase appeal for potential buyers.
Best RNS for some time, the market will like this one!
Many months ago I filtered notrex because he is this discussions' fud deramper...every stock forum has one.
And ever since it has been almost as if I only half blocked him due to your constant engagement with his negativity and bringing what he is saying to my, and everyone elses, attention.
So now that things are getting exciting again, with plenty of updates to come in the days/weeks/months, I have no choice but to put you in the green bin alongside your chum, so that I don't have to read the constant bickering and point scoring between you pair of numbskulls!
Here's a tip, put him in the green bin and never look back...that way you...and evryone else, has won!!
This is so oversold its a joke!
Assets value outways the current sp value...without whatever there is in the ground at their licence areas!
The market will find this gem at some point in the not too distant...probably the sale of one of the assets RNS would excite the market and signify intentions to put money in the bank.... NOT at the cost of the shareholder...as goes the mantra.
Still in 'wait and see' mode, but like the contacts these two have!
So after the initial impact of the new board taking control it seems like the market is decidedly 'curious'!
Price has ranged between .2p and .25p for the last 6 weeks or more...just consolidating.
With the assets worth more than the current mcap it is obviously oversold at this stage...technically.
So bringing a bit of spotlight on the company with the new custodians has highlighted the value and potential with 'what we have'.....licenses, machinery, property etc.
The new direction strategy has made the market take notice, with a considerable bounce in volume traded during the consolidation period. Remembering that the fund raise of £580k, two months or so ago, as part of the management changes, was at .175p...with no or minimal fees involved......and the price has stayed above .2p for the majority of that timeframe, which is the low point of the sideways consolidation channel.
And what happens to a consolidation?......it breaks out!
Now can anyone imagine a scenario where ECR Minerals are worth less in 3 months time than they are today.....with the current, very enthusiastic, knowledgeable, connected, experienced and tuned in operators who want to make very decisive and positive moves, in all regards, with the assets at their 'disposal'...so to speak, funds raised without dilution, and pleasing shareholders by completely changing the normal lifestyle protocols of directors who are just on the make.
They seem more moral.
This feels different.
Been watching all day the farcicle attempt to list all buys as sells!
I mean, who are they kidding...they just raise the mid price to be able to list the buys as sells.
Question is...what are they playing at. Any ex-professional traders out there care to enlighten us?
By the way, I proved my obvious theory by buying @0.223p ...along with all the other 'sells' at the same price.
Whats the mindset of these MM's?
Some people might think that its unfathomable why people would sell today.
I think its unfathomable that they don't understand why.
The sellers might 'only' be taking their 20%...30% or whatever, but they are playing it safe...for their own accounts...a profit is a profit if you are a trader.
Just bear in mind, all the speculation of FDA approvals and spectacular results of testing the products...is just speculation. It isn't confirmed yet.
Yes, the upcoming details are 'expected' to be very positive.....but the market doesn't work like that, 'expected'...presumed, anticipated etc. All these descriptions of what WILL occur are just speculation, hope, hype etc.
Its looking pretty good, thats why I have been building a position here, and still hold. But I don't blame sellers for taking profits (as a trader) because thats what they do.
AVCT is not the only 'good potential' share on the market, and successful traders don't put all of their eggs in one basket.
Some on here think that everybody in the world should be holding stock in AVCT...just because they believe in them. They are totally convinced that this share is going to the moon...I've seen it many times over the two decades I've been active..........I've had some great short term successes, some mid term success, and some long term disasters.... believing the hype.
Some believe, and promote the idea that if you sell today you could miss out on life changing moves....utter cobbleros!
The big news of successful testing is already out in the market, on the 19th Sept....hence the frenzy of activity since.
The next 'moves' as far as price sensitive RNS's, will be staged....so anyone selling today will have plenty of opportunities to get back in after further profit taking as the price rises and falls back....its not going to rerate to 10x price overnight at this stage, and anyone pretending it will are just scaremongering to those who don't understand how the market works...trying to get them to adopt the same fan club status they believe in due to their own huge long position.
If it was already 'guarnteed' to go to the moon the sp would be many multiples of todays price!
Its not, thats why sellers are taking profits!
'Not gonna let BIDS fail at any cost it seems.'
The tech is far too well developed to just let it fade in to a black hole.
Irdeto understand how much work has gone in to the development, and how it can be monetised in the 21st century gaming space.
The turnaround starts here!
Still got the Azerion case to be resolved
Ha ha ha ha....thats hilarious!
Where's the frenzied doom mongers now that were frothing at the mouth at Bids imminent demise?
Cambridge....lets be avin you...where are you...ha ha ha.
Plank of the month goes to??
It certainly is all about timing...I bought back in to AVCT again this AM, due to 'another' ascending triangle.
But keep it quiet, I don't want Mr sponge or the other idiot to know.
;-)
Cambridge, let me educate you about Girdz, who's posts I haven't read for a couple of years because of all his repetative bellyaching.
Which leads to my point.
Girds was the ramper in chief back in the day. Then he decided to turn completely against Draper and Bids constantly filling this board with his whining and boohooing about everything.
But here's the thing....he never sold his shares!!
So who's the biggest plank on this BB?
Its like me constantly ramping a share but never buying any!
Illogical would be putting it politely!
Moneysponge is like Victorian school teacher spreading his morality around these sites telling people off for having the audacity to ramp or deramp shares.
He even had a go at Helx back in June when the sp was c2p!
Here's his post....
Helx is like that sour boyfriend that gets cheated on by a bird
She should get a restraining order really
But knows that stalking her and trying to put every other bloke off her is the only thing keeping him going
He's running/motivated purely on bitterness
Fails to see that his ex could be much much happier with someone else
people change
He got with the girl when she was young and immature
now she's blossoming into a fit young woman and other blokes are all over her
he hates it
but not as much as he hates himself
********************************
Wow!
How opinions can change in a few short months!
Cambridge- dear oh dear, it looks like another precious princess has been triggered by my postings....aww bless!
Maybe you should both consider having some anger management therapy before the steam coming out of your ears turns to a full on meltdown!
Just think, neither one of you crystal ball readers has the slightest idea how many shares I hold/held, how many times I've traded some...AND, how many other stocks I've bought, hold/held or traded.
Some of us don't put all of our eggs in one basket.
But carry on hoping that I'm ready to move in to a posh new cardboard box in a stinking gutter somewhere if it makes you feel better.
I might even drive myself there in my 5.0 V8 Jaguar XKR...ha ha ha!
Every share has a discussion forum on the likes of LSE, and almost every post consists of a negative bias, deramping......or a positive bias, ramping. They can't both be right all the time.
So is everyone who gets it wrong, either way, some sort of ruthless wealth killer of other peoples lives. Or are they just backing their own position?
For example- Msponge is a full on ramper of AVCT, and just this year the sp has a high of 188p, and a low of 88p!
So if something someone posted persuaded someone to invest their life savings in to a pension with AVCT shares, then they have been anywhere from 40%-50% down, and might have sold at the lower end after reading another poster saying its heading lower due to the need of a fundraise!
And this example is only one share, with one misled investor!
Its a big market out there. (Thankfully)
See how it works?
Oh dear, seems like Moneysponge was triggered in to todays attack after I responded to a question on his beloved AVCT discussion.
The question by another poster was...
Please explain28 Sep 2023 16:38
Can someone please explain to me why people would be selling now after all this great news ?? serious question !
So I answered by explaing the mindset of traders, and that the excitement regarding the recent positive RNS will now fade with no expected news imminent...and the sp will likely trickle down in the coming weeks etc.
Also I said that proffessional traders will likely be looking for a new home for their funds, while keeping AVCT on their watchlist for a future re-entry!
My post got 10 recommedations as others agreed with me.
I think Mr sponge has also been triggered by my trade on AVCT (bought at 107p and sold two weeks later at 131p) which always irritates the long termers, specially if I explain that my decisions were made via charting patterns.
Just to add, he has no idea of the size of my holdings in Bids over the years, or how many times I've traded in and out.
And finally, as far as todays RNS's, it doesn't read great, although a further £2m in income without Azerion shows that Bids are not dead.
The Azerion fallout has been a major issue for Bids progress, so lets wait and see how the imminent court case goes, which Bids believes they have a valid claim for significant remuneration of unpaid contractual funds as per the original agreement.
The court case was expected to be 'likely' to take place in late Q3 '23.
ps, AVCT volume has dropped off a cliff today, so I will wait for a lower re-entry in the near future after the profit takers exit.
Yeboha, allow me to shine a light in to a corner you may not have considered.
Traders look at short term.
They look at what companies are in the spotlight TODAY...with all the hype and coverage of new announcements of progress and optimistic future projections, for short term profit opportunities.
AVCT is one of those.
But AVCT have also implied that even though they have a great 'product'...the lead in time is going to be months at least for any significant updates, and years to full monetisation.
So why in the world would they invest now, and tie up their hard earned funds, only to have a stagnant share price, up a bit, down a bit, for the foreseeable future, when they could just buy/invest in to another one of the 3000 other stocks on the market that look like they could very likely be ready for a significant move higher? Why have your funds languishing waiting for an undeterminate ammount of time before they go in to profit in the event that they announce a significant price sensitive RNS?
Its not logical...if your goal is to make money on the stock market.
Why not, in AVCT's case, wait until theres some new progressive news to excite the market to get back in?
I didn't buy back in today because everything that was said today was already known to the market..apart form the level of losses.
So when the excitement dies down, and there's an ongoing period of no news...days, weeks etc, do you think that high value traders are just going to leave their money where it is, to be susceptible to any trickle down in the value of their 'investment'? No, they will sell, put their money in to another high chance rise stock, and keep AVCT in their watchlist....for a future entry.
There's a lot of posters, on every share chat, that are in their relative fan clubs.
And they think that everybody thinks like them. That their chosen dream share should be on everybody's radar.
But traders and proffessional investors don't think like that....they think TIMING!
Ok, if your just looking to buy in to something with a 10 year 'Microsoft` type strategy, then fine, go for it.
But if you're a trader actively managing your account, and protecting your funds, then you would just step asside and keep AVCT in your watchlist...for now!
Until the next news flow period....then you buy back in....at who knows how low a price.
Non dilutive funding is only relevant to the share price at the time!
Some '1 code' theorists will believe that an RNS has been logged after the 1 trade at 14:20
Like I said, its in a high hype stage at the moment, with high volumes....a perfect trading target.
I will be buying back in, but not until I see the market reaction to the results.
It might be lower, it might be higher than todays price, but I will be back in when I see a trading entry setup.
Funny how you overlooked this post I made in our chat back on April 5th...
New question5 Apr 2023 17:51
Why do people think the short lived rise at the open was quickly sold in to?
It started like an Elon Musk rocket only to fizzle out before it left the tower!
Take note of how the market reacts...it doesn't lie.
I will take a new position at just below £1...maybe 98p, because I think that will be value...all things considered!
************************
On June 16th it hit a low of 98.3p after a continuous falling trend after that day, and has subsequently been as low as 88p!
You can either read market sentiment and its likely direction, or YOU can't!
By the way, just for clarity for you, I've never hidden the fact that I'm a trader, on any share BB.
In fact there will be some old timers on here who might remember me trading these via the ascending triangle pattern going back a couple of years.
I mention it and it seems to trigger long term investors, like you, to blow a fuse and start firing insults at me.
Its also those who don't do charting, and think its for the birds, or tealeaves....the anti-chartists.
Well it worked both times before, and its worked again this time...profits banked, so there must be something in it!