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Anything is possible and why not a 50 bagger, however I would be pleased with anywhere from 2 up to 5 bagger, we are very undervalued at the moment and on good news on an assets sale or our 2 main projects then it could happpen over a session or 2, as which has happened to a few shares on AIM recently. However keeping feet on ground and expecting a continued uptrend from here, if it happens at 5/10% a day I will be very happy. Gold is breaking highs at present and no one knows how high it can go.
Mr_A .....everyone have their reasons to sell and frustration is one of the reasons, I have been there recently and almost pressed the sell button on part of my holding, I did not do so and still retain my full holding. I would not wish to advise you however have a good think over the weekend, just this week an investor on twitter admitted to selling his holding of SNG the day b4 the humungeous rise, very hard to come to terms with I suppose. GL whatever you decide to do.
I also see news landing anytime, indicators and chart look good, fundamentals especially with gold price performing well are good if not excellent, we are definately undervalued and would hope to see in excess of 1p b4 consolidation, then more news, very optimistic from here.
not so much worried about number of shares....most of the time the m/c is what interests me...them/c here is low compared to assets, undervalued imo, however agree would be good to get confirmation of asset sale, cash in the bank at this stage would help sp and overall confidence.
there is plenty of interest in the pharma section, we are only £5m m/c , SNG jumped to £150m m/c this morning, think we should start to rerate from here, maybe pick up this afternoon when we will probably see a continuation in the rise of PDSB across the pond, broken $3 barrier.
expect a few were looking for news to underpin last weeks rise, technically looks good, needs support from the fundamentals side, wont take much to get it to 1p from here. IMO
milnrowmug...... I would expect if another placing were to take place it would be above the last one in march which was at .875p, that was at a discount to the then current share price, a balance has to be made between attracting investors to a funding and doing it as high an sp as possible to maximise amount of funding and not to over dilute the share price. I do not see the need for a placing as last of warrants have taken up the slack for now, possibility of placing may arise if for an aquisition of some sort, don't see that either at present. As current sp has risen over last week there could be some interesting news about to be released that would add to revenue, could be covid related re app, who knows? The share is mostly appealing on a technical level, on my own chart I see targets 0.94p 1.44p 1.91p, the share was flagged up as a buy by BritishBulls this week and recommend to stay long. all this is IMO and recommend people do their own research
dont think placing myself, more likely some news to underpin the start of a decent move, warrants have finished which is a positive and allows sp to run up freely, not saying a further placing may not happen, we are on AIM and most of these junior companies need funds to grow, we are well positioned to grow rapidly. IMO
think it is on peoples radar, just want to be sure seller gone, probably better to take the plunge now and sit it out as this one can move very fast indeed, another decent rns with seller gone and a definite rerate on the cards...IMO
just wondering, could the drop be anything to do with any woodford that shares that maybe went recent fund purchase and have just been dumped, I am a holder and have added on the drop so whatever the reason still see too many positives to worry, any ideas anyone?
CW...I agree big spikes are dangerous, however depends what share and why, we need to remember here that CF has always said he would sell if price was right, we are still undervalued at this levels on what we know is coming, better be in at these levels than wait for revenue confirmation later when sp will be much higher, or we have been taken out b4
well done mate!! sensible way to go forward...GL
Oldtimer as you were asking ..... "still waiting for someone to point out a company to me with zero debt and cash at double their market cap". 'ORM'
quality reply..... obviously different ways of looking at the company.
just to add to previous...... the 2/2.5p share price is a short to medium term view, really need to get through the present crisis b4 throwing too much at the company. IMO DYOR