Member Info for djia

While I can understand frustration, particularly from holders who have felt stuck for a while since getting in somewhere on the 20p spike, the market is king at a good old knee jerk reaction.

It seems a certainty there will be some form of funded Phase 3 taking place, the drug has a good safety profile, it's not the only asset in the company's portfolio, yet it's priced this morning at a going bust price.

Speculators appear to have blinkers on impatiently selling at a loss, especially when considering other bits of potential newsflow or other partnerships Immupharma are at liberty to form and announce even prior to any second Phase III commencing.

Am a big fan of FFWD and long term holder.

Quick question...

Am I remembering correctly that around £2m was raised a few months ago for "opportunities" and there was a big debate on this forum whether or not it was clear whether it was going to be used for working capital. Then, when no news came of investments, there was focus on a video from Ed where he explained negotiations can become protracted and things can often take far longer than expected, more or less hinting that's why there had been no announcement.

There was never an announcement on the ultimate usage of those funds, was there?

Agreed.
Technical set up today at close looks beautiful. There is a potential lower major support around 2.2p. But indicators have subtly all been reset over the last couple weeks so I'm more inclined to think it will bounce and react to the moving averages it's currently interacting with.
I wonder if yesterday and today's down days suggest a beautiful bullish weekly candle is in the works... Barring great news, maybe a Friday close of only around 3.5-3.7p...but wtfdik.
Add to that Fed day tomorrow (after London close at 7pm GMT), gold waiting for direction from aforementioned Fed, likely to be a continuation of bullish trend with gold over the next weeks, even with potential temporary washouts to wrongfoot and scare weak hands. Plus none of the real stock moving decisions / announcements yet released from ECR.
It's almost as if someone at ECR really understands their charts and are/have been waiting for conditions to align.

Good luck to all who hold.

Disclaimer: Have held ECR since 2016 pre-consolidation days. Since, rode from a low of 0.7p to selling entire holding of 500,000 at 2.45p in July. Rebought on the pullbacks and currently hold 870,000 at an average of 1.89p. Was tempted to sell and rebuy on pullback when break of resistance trend at 4p failed. Didn't expect such significant pullback (yes, maybe to do with warrants and/or impatient holding investors losing nerve not wanting to give up more profit on their still unrealised spring gains). However, to me, the price action of this stock is behaving correctly and in a healthy way for those wanting more upside.

Like Phoenix11 in the "Current market cap 70 millions" thread, I also sold my holding recently. Have bought and sold 3 times since May 2019 between 4.8p and 12p, most recently selling 120k shares on December 29 for 10.6p.

I didn't sell because I don't like the company. I love this company. It is, without doubt, the future.

I sold for a number of reasons. Firstly, based on charts and indicators (although finding short term tops is not so reliable when a new company has very limited historical data). The market cap also concerns me, perhaps maybe there's just a bit too much premium at present. Of course I know, if one of these companies works out, ANIC's % in said company will take the ANIC share price up 5-10 times, at the very least. But, currently, all these companies have little to no revenues, yet significant daily cash burn. So, each company is likely to continue fundraising and diluting for the next year or two and, due to ANIC's relatively small size, there doesn't seem to be a guarantee they will be able to buy in to stop their dilution every time.

Additionally, it's not so long ago they wanted to take the company private and, when they decided against it, I seem to remember something about a 2 year period where they said the placings wouldn't be offered below around 5p. Which, now the price is rising, makes me wonder why they would even consider it a possibility that a placing would ever take place below 5p at some stage in the future... Of course, maybe they were just trying to instil some confidence in to cautious investors.

Alongside that, I saw a video with Jim Mellon, from November 2020, which talks of the current portfolio as $50m but he mentions "with a view to putting a lot more in" and that, by the end of 2021, he's looking at it being $500m.
https://www.youtube.com/watch?v=DM8IDrVtKJc&t=22m33s (at 22m30s)

"Putting a lot more in" suggests to me that he is not expecting the existing portfolio will go up 900% in a year. So, does it mean there's a massive dilution on the cards that would take the price back down sub 10p? If $100m of this additional $450m were to come from new investors, how much would that dilute the share price? Would a placing always be done based on a discount of current share price or based on NAV, if the market has become over-extended? If it were a sizeable consolidation / rights issue larger than the current market cap (in the style that Kenmare Resources did in 2016 that required me to pay much more than the current value of my in-profit shareholding in order to exercise them), would I be able to afford a multiple of the current value of my 120k shareholding in order to take up my rights etc.?

I may well have been excessively over cautious and, if there's a fundraise at 20p or 45p, I'm well aware I'll likely be paying significantly more than what I sold it for.

Good luck all who still hold and I'm sure I will be holder again for much of the company's journey.

Thanks for posting this.

The bit that I, myself, have been thinking and getting a little concerned about, even prior to the AGM is:
"Furthermore the very idea of Glencore, if that’s who it is, acquiring everything at Kun Manie in an offtake will not go down well with “resource nationalism” prone Russians."

Is it not also these "resource nationalism prone Russians" that determine whether the TEO extension gets granted?

Yes, I bought 400000 more this afternoon and, although I've been in AMC since October 2016 and never sold, I have a 2.25p average and eagerly anticipate the next weeks and months.
Although many of the timeframes charts are nicely on the oversold side, especially after this afternoon's dip, and are looking good for some fairly imminent upside, I'd be lying if I said I didn't have quite a few concerns about what's to come and am crossing fingers!

As for today's news, we can only speculate the reasons. Most think this is bad news as AH has been seen as a key figure in turning the company around. However, perhaps there's a potential JV partner that hasn't had great past relations with AH...and this is just part of the jigsaw in order to satisfy some conditions that have been laid down?

Only speculation. Like almost all of us out there, I have no answers.

Out of interest, does anyone know if the powers that be at Amur can take away AH's share options (vested and performance related) if something unpalatable has occurred? Half of them (around 12m) vest "upon the successful completion by the Company of an off-take agreement". Perhaps this issue may also account for some of the delay to announcements we were expecting at the beginning of the month...
Who knows, maybe the TEO was all pretty much ready to go but was conveniently "held up" to allow them to deal with whatever went down at the AGM first...

Good luck to those still holding!

Hi everyone. First post here. Only joined recently when LSE made you have a username to view the forums but have been a long time lurker.

Re. the updated shareholder list, the Director holdings don't seem to have been updated since prior to the October 15th RNS: https://amurminerals.com/content/wp-content/uploads/20201015-Bd-Subscription-RNS.pdf

See top of page 2. Holdings on page 2 are greater than currently listed on the website.

Best wishes to all holders.