The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Do you think there might have been an intent to crash the price with some sort of insider knowledge of the poor Winter performance, in order to pick the company up cheaper down stream...?
I'm shocked how this has gone t1t5 up atm, didn't see it turning in to this sh_1tshow :(
I guess we know now why Polar cashed out at a time when the share price was looking like it should have been going north. I thought it was because Polar had had a slightly choppy time in 2023 but they must have been given a heads-up in intent. This is compounded by the fact that recently Polar chucked a ton of cash at RENX. I'm f'ing furious with this stitch up on REDX, PIs are being sold down the river!
Bobcat, if the seller is Polar again (not saying it is, but we might know soon if a TR-1 gets released) they seem to be dumping REDX and investing in RENX as they recently bought some newly issued shares with RENX. I think both companies are great opportunities but typically I've F'd up in my trades and have lost half my cash (and I mean actually lost as I sold too early and bought way to high on a stock. GLA.
Interesting Silverblade. The Polar angle does intrigue as they were dumping REDX recently (not to be confused with RENX although REDX are a med related company as well). The weird thing was they were dumping a perfectly good company (albeit not a sexy company whose share price dropped) and yet they pumped loads into RENX.
Why? I think because a sale is happening here and that it will be a reasonable offer. Let's wait and see. GLA
The talk of suspension is related to a takeover offer, not the company going pop. RENX has staved off pop by the recent issue. The company needs to now emphasise its attractiveness and we could see some nice meaty offers come in over the next few months. GLA
Good shout Tricky. The recent issue gives them headroom and also stops being a distressed seller - helps them get bet offers as well as once there business starts to ramp this is going to be a very attractive takeover proposition. I bought at 68 like a numpty but confident that this company will have a share price in excess of that by 3Q this year, these are going in the bottom drawer for now. GLA
Potential buyers don't want to wait for this company to go bust as the administrative hurdles, loss of key people and chaos and also regulatory requirements will be a right pain the posterior. They want a going concern that will be a money machine that they can write-off the debts against a tax dodge for their larger empire. OK, I said I won't post till the outcome, but had to square this point away. GLA
MMs are a right P155 take
Jatw - I think there'll be offers over 50p as a few pharmas will see the potential here and also the market ops with the licences. I think we may now see 2 or 3 companies start to take an interest. Not ramping just IMHO, not intending to post again until the company has an offer of acceptance or goes bust.
My issue is, I always buy the f'ing spike and never learn my lesson. I'm holding this to the bitter end now, have bought on the spikes and sold on the dips (yes, the wrong way round as I'm a numpty), so whatever happens I've locked myself in now.
GLA, and may the odds be ever in your favour (cue bloodbath)
The spring is tightening here, I can feel it in my DNA (yeah not very scientific I know) but the runes have landed well for this stock and in the kingdom of the blind the one eyed man is king and so on and so forth. Not suggesting holders are blind, I suggesting they have at least one eye... I'll get my coat...
Yep 2phevs, agreed. Miri are on a reboot, these things take time, impatient PIs are chasing rainbows elsewhere, check in again June and Nov and I'm reasonably confident this will be tickling the toes of 5p+, but DYOR and please FFS don't take my word for it and no I am not ramping. just my ramblings
Couldn't resist, had to buy a few more at this price. My gut is telling me the best is yet to come.