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Just read post from Sunda"nearly 40 percent spread no thanks".
I'd take the 40% spread - they were up 350% at one point today. If you have direct market access you can trade on the other side of the spread but Joe Public would have difficulty selling even if they did manage to buy some.
Spread shown as <3% now.
I wonder what will happen at the open tomorrow.
Could be interesting to watch how this unfolds.
I assure you it is still open. I just clicked the pay button and it is asking me for my debit card details.
The countdown timer has stopped but two mins ago the app still let my enter the page and enter an amount.
When BNC had their offer last week you could not access the page to enter an amount after 8:30 because the offer was fully subscribed.
I have just done it again a few seconds ago at 8.54 and it looks like it is still open.
Not sure if anyone else noticed but prior to 8am standard trading Melody opened at 3.95p. The first tick at 07:46 definitely shows 3.95p.
You can actually see 3.915p at the open if you look at the Intraday chart on the charts tab on this site.
So, opens at almost 4p then closes at 3.5p down 11.39%.
ShareScope actually shows a spike open at 07:45 of 4.3p which would be an 18% drop from the open. Anyone else with pro charts will be able to verify what I say is correct.
I have seen this before prior to a fund raise. It usually means only one thing (your pipes have them and you grow them in your garden).
At least I don't need to ask others what is going on like your good self.
Errm... what's the RNS mean Eh like??
1 Didn't ask for enough money in Sep
2 Giving rubbish discount
3 Death spiral complex funding
4 Wouldn't need a loan if doing well
5 Can buy on open market tomorrow cheaper
Okay, point 5 isn't true yet but it will be...
Heck will freeze over before any long term Melody holders will agree with the undeniable facts of what is happening based on known events.
Lombard invested in Bahamas Petroleum which went down 68% today. Okay, Lombard were selling down recently, but still had a vested interest.
Look at Blackrock investing huge amounts into Novacyt who are down 32% in 2 weeks.
The list goes on...
SureScreen are a private Limited company.
Been in business 25 years. They have been a member of the UK Rapid Antigen Test Consortium since the start.
I feel better after reading your replies (and not just because I've had another beer).
Cheers
Too much beer. I did good with GGP, I am frustrated because I want to do the same with SolGold.
Look, if I worked at GGP as a director on £200k a year I would want to be thorough to maximise the potential and prolong my job. But I'm a shareholder who bought in at 20p several years ago (2016), held during the 10p stint in March, was up 100% when it hit 40p and now I'm breaking even and frustrated.
Many LTHs thought this would get snapped up by a major for maybe 80p or £1 but then Nick decided he wanted to be a gold miner and has been insistent on digging the stuff up which let's be honest is not what a lot of share holders want.
Just had a beer so forgive the rant but I'm sure some others might have similar views. I saw this mornings RNS as saying "lets be thorough just in case and prolong this".
If the RNS had been written in a more upbeat, positive style I might have a different opinion but I guess I don't.
And if there are any really (really) long term holders reading this who used to post on the ii forum I know GPBack nd SexySleuth.
Like ohwhatanight says, hopefully this will be long gone before any PFS is even close to being completed.
But today's RNS, written by a damp squib without passion or conviction made it sound like "don't expect news until the end of the year".
That wouldn't be so bad if it was October, but that's not the sort of thing you want to hear in February.
If an offer did come in, what would people accept?
80p? £1?
And genuinely, how likely do you really think that is to happen?
On 2nd Dec Blackrock had 3.54%.
On 13th Jan they had 2.95%.
How much does Blackrock hold?
Someone below said institutions are buying, not selling.
Why ppl waste their time posting on BBs when they aren't invested (true) and don't understand the market they are spouting about (false).
I told Wilson this was going down at £12 last week. He called me a name and said pop back after the RNS so I did.
It's easy to be an expert in hindsight, but many of my predictions really do occur.
And by the way I do not dislike this company and do not wish its shares to drop in value but I think between £7 and £8 is probably fair value based on its current trading prospects and on its future product pipeline.
When was the last time you had a 30 bagger. I was in here at 40p.
And as for Greggs they were £12 not long ago. Yes l9sd making in the pandemic but still up month on month because of the growth they will see once the pandemic as over (I always Like to pop in to Greggs at Newcastle airport on my way to my villa in Spain).
I did write that 12 months ago and was very pro-Novacyt for 5 more months after that.
Since then, many more testing companies have appeared. But, my main concern investing in testing is that vaccine companies will figure out how to create and distribute vaccines so quickly the "new norm" will be to get vaccinated.
It is not that I am deliberately deramping or changing my tune, but 12 months is a long time in the investing game.
People were saying a vaccine would be at least 18 months away and that was just in July last year. Here we are just 6 months later and millions of people in the UK have already been vaccinated.
If they can do this in less than a year, how good will of vaccines be in another 1 or 2 years?
I acknowledged in my previous post testing will still be required, but there are a lot of testing companies out there and demand will be nowhere near the previous peaks.
.. and often do reply to posts.
Said I would be happy to come back and say I was wrong if these reach £12 again.
Nobody has answered my question. What other products does this company have that they will get million pound orders every week for?
You are all telling me I am wrong, but what other fantastic products does this company have to offer?
Been a holder since June 2019 at 50p. Held through the lows and was pleased to see 67p a few weeks ago. Positive news RNS yesterday.
Re Placing...
They were last 45p on 21 Dec and 24th Nov. On 10th Nov they were 30p.
Looking at the chart I think they could see 40p again within the next few months as production will not happen until 2023.
Of course they might not see 40p again. My dilemma is.. do I subscribe for some more at 45p or see if they drop back down to 40p.
This is a fantastic resource and they will be worth a lot more than this when production starts, but until closer to 2023 short term I am not sure...
Does anyone else think there is likely to be an opportunity to get in cheaper than 45p over the next 12 months?
Yes, they beat market expectations by £200k but lost £1m+ more than they were expected too.