Member Info for chester18

Tomorrow will be interesting as everyone who has been scaled back finds out how much they haven't spent.

We've seen in the past just how quickly the share price can move upwards, I know this post is very rampy but any solid news in the light of this oversubscribed Open Offer will spark a lot of interest and prospecting in the Scancell story so far.

Really positive feeling here

Chester.

Inanaco

Where's your 'Tick Tock' don't start slacking on us ........ : )

Chester.

Excellent result..... *Significantly Oversubscribed* that just shows how much demand there is out there in the ether. Even modest news will now push the sp higher. Hold on to your hats.....

Chester.......... : )

Hi Stebol

I realise we currently own more of Havieron but you can't borrow against something that is 100% not going to be yours in 12 months. The 30% is ours and if Newcrest want that extra 5% it will cost them top dollar. So I'm just stating exactly what is ours to do a deal on.

Lebugue-Addick I agree it could be SI Capital but GH will have options so if they want to be the backers, their offer will have to be as good as the competition.
SI Capital shouldn't believe its in the bag, that's not good business.

Chester.

Once the MRE is published by Newcrest that will mean GGP can use their 30% as a capital asset and use it to agree a bank loan or go to a venture capitalist.

If we take the MRE as 8.5m ounces and give the gold in the ground a value of $250 an ounce that will mean GGP's 30% will be an asset worth [ 2,500,00 m ounces x $250 = $ 637,500,000 ]. That value can be placed against a loan and GH will already know who he will want to deal with. Lets not rule out the possibility of overtures coming from another mining giant or two.

So current money in the bank is for prospecting and our 30% of the MRE is our VIP ticket to the joint Havieron Mine.

Chester.

So the management at Scancell will now know just how well the OO has been taken up.

My gut feeling is that it will be over subscribed and I hoping we only receive 50% of the excess as this will create substantial demand for the shares. I realise we have been guilty in the past of 'bigging up Scancell and our enthusiasm has not been rewarded. However the stars are aligning now in favour of Scancells science and technology. As Inanaco has said for many years "Scancell are the masters of Binding"....... and strong effective binding is now key to many biological breakthroughs becoming effective cures and treatments in the future.

We have had to be patient with both SCIB1 and MODI1 trials starting but soon we will hear those special three words..........

'First Patient Dosed'

Chester.

Steve Jobs once said "The place where Apple has been standing for the past two decades is exactly where computer technology and the consumer electronics markets are converging. So its not like we're having to cross the river to go somewhere else; the other side of the river is coming to us"

Just substitute Scancell and 'Oncology / Cancer Vaccine Science'.

Chester.

Definitely going to take time. Many who bought the Primary Bid shares probably didn't know who Tissue Regenix were or anything about their history. Even as we move up through 0.45p and 0.55p we will see a large sell off. The company is now funded to grow turnover to the point of realising operating profits and good news will start to flow, but not for months.

What I don't think will happen is that we become a traders best mate by rising sharply and then back tracking, giving the opportunity to sell out and buy back.

What should happen is that we move up establish a new level, stall for while and then move up to a new level.

This will happen when we begin to hear how sales / manufacturing are progressing, updates on development of the new facilities, news on new products, news on new contracts and details of the Global Healthcare company that we have already signed up.

This time next year we should be a lot more confident that TRX are the real deal.

Chester.

Due to one or two claims on here I've contacted my broker who advises me that I will not find out what has been allocated on the excess until after the vote on Tuesday. So he has told me to expect to find out no earlier than Wednesday morning next week.

Chester.

Until the full story is unveiled we are just clutching at straws, so let us all just wait until Tuesday and the Open Offer is past at the General Meeting. We will then have the full facts to debate.

For me an Over Subscribed 'OO' would show just how many private and corporate investors are out there biding their time and wait for the 'Game Changing' data from SCIB1 / Keytruda and later the update from MODI1 early data results. We will see an increasing belief in Scancells IP as the science theory changes into science fact.

AvidiMab is just another possibility with Clogs On.

Covidity is platform nobody would have thought possible until April 2020, a Cancer Vaccine targeted at defeating a Virus was off everybody's radar, life is stranger than fiction.....

Chester.

Hi KJM100K

Thank you for that, it is interesting to know because I was expecting Lombard Odier to take advantage of these even lower prices to add even more shares.

That's why I presumed those types of buys were down to our larger investors and we would see one or more holdings RNS's.

If they have stopped buying it might mean that the MM's can allow the price to fall or rise as they seem fit. There does appear to be a balance at present, so not dropping into the 0.29's and not exceeding 0.33p.

I hold quite a few TRX and would be happy to buy more but funds tied up elsewhere at the moment. So I totally agree with building a position at these prices.

As soon as the company starts to issue positive news the SP will begin the journey back to 1p +.

Chester.

We have the Proactive Investors 'OnetoOne' Event at the end of the month and then, probably, the AGM between the 10th and 15th September.

Two opportunities for Reneuron to big-up the science and drop a nice big fat RNS on a done deal.

We can only hope, I think this heat is getting to me ................ : )

Chester.

Those Black trades are indicating to me that we will see another holdings RNS, probably on Monday.

Chester.

Sorry Ruck our posts crossed..... you have explained correctly.

Chester.

Hi Stakis

If we all receive the excess we have asked for then the odds are that the OO was hugely under Subscribe.

Barclays is a Pool therefore we cannot read anything into the fact that Inanaco has been allocated his excess.

Chester.

Hi Ruck

There is a General Meeting 10.00 am on Tuesday 11th August.

An Announcement of the result of the Open Offer and result of the General Meeting later that day on Tuesday 11th August

8.00 am Wednesday 12th August commencement of dealings in the New Ordinary Shares.

There is no mention of an 'Extraordinary General Meeting' that I can see.

Chester.

TheOldBee, sorry to hear of your difficulty. I was responding to the your overall comment about the SP.
Not done intentionally, but I kind of hijacked your post as I had a 'bee in my bonnet' about the way the share price has got stuck in the low 0.3p range. So you did get your point across .

I hope you do post as and when you can, you have made many good points about TRX during all the twists and turns of the past months. Also, Please do not feel you have to reply to this post.

My best wishes to you for the future

Chester.

Also a successful and over subscribed Open Offer would probably need both Vulpes and Calculus Capital to take part.

Vulpes full Entitlement is 6.161m shares = £ 338,840 after they have just put up £1m in the Placing.

Calculus full Entitlement is 3.909m shares = £ 215,014 but I don't think they took part in the Placing.

So to my way of thinking for it to be Over Subscribed both Vulpes and Calculus need to be fully involved.

Chester.

I've been told by my broker that the funds need to be in place on the 4th August.

Enough for both the Entitlement and to cover the Excess that has been applied for.
If the money is not sat in the account they will only request an Excess to the value of the balance amount in that account.

Chester.

Hi Belerno

I think AfamaMan means once the Open Offer shares hit the market, we know it isn't a Rights Issue.

I am surprised nobody has engaged my question about thew impact of an Over Subscribed OO, this board is sometimes very fickle. Perhaps everyone thinks that Scancell wont shift 36,000,000 shares ?

Chester.