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while theres still a chnace check out symphony environmental s FDA approval recieved and plas to launch biodegradable antibacterial gloves - could also be very useful for coronavirus and bigger than ncyt as they have no cmpetition on this
just doing a few quick estimates on what i see as fair value
current mcap £6m
projected profit per year in prodution around £10m/year
going on a conservative p/e of 10 i would say value in production around the 80-100p mark with upside if gold increase
explorers tend to run at around 10% value of when they move to producers but in this case we arent exploring a potential asset in the ground we have stockpiles awaiting processing so i would say short term target of 15-20p is reasonable with a move towards 100p over the next 2 years
just basic technical analysis on the charts. when a company announces comething particularly good, or bad for that matter, news - the share responds in fairly repeatable patterns - sharp initial rise, lets say 70% as an example, then fall back on rofit taking as the intial exitement subsides, then the process continues as the price steps up in stgeas often by similar percentage jumps e. leg 2 might also rise by 705 and fall back and this process continues in a band unti fair value is reached with breakout from this band indicating a different shift in price movement. very simplified version but you get the gist - so based on that we look to be heading for a sharprise to around 7p i would say
ive just got a funny feeling it miht be a lot higher
ive tried to jump on board the fast movers for years with mixed success and a lot of time you can look at the morning risers and see the 30-4-%ers and its almost as if PIs review the board at lunchtime and pick one to back and then you can see massive gains in the afternoon with usually a dip at cose as day traders close poisitions. im going to go for 5.8-6p close