Not good at all...13 Dec 2018 00:23
Any sign of weakness and the market will punish, we know this and that last placing was very weak.
Unfortunately, it also comes at a time when the market is on a downturn and news is not good. It may not be bad but there is uncertainty regarding timeline/progress and that wont attract any new investment....i would think that most of us are overspent here as it is and even if we had spare money, can you really put it in here because we could be digging that hole deeper for ourselves.
Our bod really need to clarify their exit strategy imho and start acting on it!
Its one thing for them to keep diluting to pay the wages and pensions but if they are happy to keep taking the money with an eye on their options and planning the exit (if there is one in the future) based on whats good for them on a risk free basis...then we could be in for a real bumpy ride and that exit might be at an sp a lot lower than we think it should be.
Stunning news for chk1 or a deal for tyk2 will help for sure but according to them, a deal for tyk2 looks like its well over 2 years away if they can get one (nothing sure there) and what to think of chk1....srra's sp is a mess and has been for several months with no abating, even after they got a new compound that is in a phase 3.....it does beg the question...what is the true status of chk1 and are the hiding some results while countering it with new pre clinical testing, pre clin is why sar and the icr worked on the compounds for over 10 years ffs....worrying to say the least!
I really hope that at the agm, the bod are going to have the guts to come clean with shareholders and say...this is around where we are now and we recognise that shareholders have been here for many years without return...so, we are now putting our focus on the end game and we are commited to that end going forward...no details required, just an indication that they are on it...and getting on with it.
Alas.....let's see but im not confident:)