Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
You don't need a crystal ball to look back. The info is there for you to interpret (or bury your head in the sand)
As for the future....you are speculating on a buyout in 2022. I am speculating on a continuation of the trend don for reasons articulated today.
Your anger posts should be directed to your own self as it is you that chose such a bad value call and spent 10.5 years promoting that bad decision, not me.
Ratcliffewriter
Member Since
27th Sep 2011
You have wasted 10.5 years of your life on this board. If you had invested £10k ion 4April 2012 it would have lost 33% of its value.
That is how bad this is as a value investment.
Basic logic...
£88m market cap is way overvalued as cash is c£30m and declining, progress is painfully slow and news is unlikely to be positive this year.
6p gives a market cap of £49m, much more realistic given the huge risk of another funding call in 2023 at the latest. DYOR
Hasiba...exactly my ooint, Scancell is not a value trade/buy, it is risk speculation.
11p is too risky for some, 6p is less risky obviously but until the Company makes some profit, it is pure speculation on a takeover
The SP has further to fall. It has re-traced all of the gains from Dec 2020 and now looks more likely to go back to the 6p area in the coming weeks. There is no support, no news coming and no reason to buy at a Market Cap of £87m. There is nothing like £87m of value reflected in the current progress, it is much lower than that IMHO.
I suspect the II's will be happy to see 5p, as they can then take part in another discounted offering.
Let's assume the current cash balance is c£30m and in 12 months time there will be no revenue, £15m burn rate and another cash raise to keep the plates spinning.
Scancell is spinning too many plates, it jumps between them to keep them moving but makes very slow progress towards a revenue enhancing deal.
Dalester
You need to understand how the price fluctuates and the difference between SETS and MMs.
Scancell's price on this site reflects the opening positions of Market Makers. If an MM opens his nook at 07:45 at 9p and 11p, that will be the price shown here with a 15 minute delay. As more MM's open their books up to 8am, the price will change.
At 8:15am on this site, you will get a reflection of the 8am open.
Get access to real time data and you wont be confused of find some 'strange' prices.
Pay more attention. Read the 20:21 post and accurately reflect what was said.
That is your trouble WTP. A lack of ability to interpret the written word.
Be more careful before you jump in with big boots, as it often leads to a wrong conclusion.
Scancell historically have been slow and now they are slower. They have been dogged with a lack of real progress for 10 years now and that will not change in the next 10.
I just don't see any value in me buying any more, no matter what the price.
It is hold and hope for a crumb or two. Many might not be around to see the Company produce any significant scientific breakthrough that leads to the income generation people expect.