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I do not personally think the other projects that Beowulf are running have any significant value. This is because ore discoveries need to proved up by close spaced drilling which is very expensive. These peripheral projects exist for the purpose of giving the management team something to do for the past few years. When the Kallak deposit is sold off the management team can then focus on these other projects thus allowing them the security of being able to continue to draw a salary.
https://www.spotlightstockmarket.com/sv/bolag/irtrade?InstrumentId=XSAT01000607
https://www.riksdagen.se/sv/kalender/kalenderhandelse/?calendareventid=RDH9C120211210ip
The topic is to be debated in the Swedish Parliament on 10th December
9.8p in Sweden right now. 'Follow the money'.
Congratulation to all you very patient long term holders. I baled out to more fertile pastures last December with a massive loss but now back this week with 560,000.
Where is Eric?
BeContrarian - this is my view why you'll probably still be able able to buy around 175-180p over the next few weeks.
I think the Synairgen share price was 7p pre covid. So it has risen 24 fold and still no income stream. So some expectation is priced in already. As there is no currrent big media coverage (e.g. BBC) talking abut the potential of this treatment the share price isn't likely to rise. Government policy is vaccines and getting everybody to take them - not treatments. When Sajid Javid says the Merck and Pfizer pills are game changers why should the masses believe there is something much better on the horizon? As for a bumpy ride - I don't think so until after the Phase 3 readout then it will be like holding a crocodile by the tail. This company is 92% of my portfolio.
I don't want to rattle on about SNG as it is the wrong board, but I just want to encourage those that are frustrated here to look elsewhere at what is happening in the Covid therapeutic space. Vaccines alone can't prevent Covid deaths when so many people don't want to take a vaccine. No virus that originates from an animal that has ever been eradicated by vaccines. So sadly Covid is here to stay. These pills that Pfizer and Merck have developed could themselves create virus mutations. The co-founder of Synairgen (Stephen Holdgate) was knighted 13 months ago, 3 months after the Phase 2 read out.
Pfizer MC rose £15bn when they announced their pill last week. For Synairgen to reach that MC would mean a share price for Synairgen £75. Their treatment of inhaled interferon is for hospitalised patients and should stop 80% of deaths. My portfolio is 100% Synairgen (my breakeven is 148p). I'll buy back Condor after the Synairgen share price explosion which looks a dead cert to occur after the Phase 3 clinical trial readout.
For those people sitting on big losses I'd like to give you some advice. Go to Youtube and search 'proactive investors richard marsden' . Listen to the 6 x 10 minute interviews that the CEO of Synairgen has done since 20 July 2020. This small biotech company has by far the best therapeutic cure for Covid 19. Also go to the chatboard and focus on the links that people post. The Phase 3 readout is due in about 2 months and then Synairgen should be as famous as BioNtech.
I have had shares in Condor since 2010. My max holding was reaching 420k shares July 2020. I now have none having bailed out around 40p. All that money and more is in Synarigen.