No Dunk there was no intention I just said that a lot of staff had been diverted. What are you even suggesting I was inferring from that?
If you want to be pedantic I have no idea how many but I assume it’s more than one and less than 10. But for a company the size of SNG 2 staff could be seen as a lot, it’s all relative.
The good news is these nursing staff got diverted onto another project and didn’t have to find work elsewhere due to the current lull. Skills retained not lost.
I think people need to chill out the witch hunting is insane!
Doc83 - Yet it’s the winter remark that has been the backbone of the fierce defence on this board.
SSH’s comment ref no commercialisation within 12months was a much more sincere comment and should have set the expectations of the investor accordingly.
It’s no surprise though the positive spin is always more palatable when you are invested in the outcome.
They built two new facilities in quick succession and have acquired businesses that likely came with floor space.
Their latest acquisition in the U.K. is geographically located in Norfolk which is likely a cheaper location to operate than their HQ in Bradford On Avon.
It’s possible some of these factors are behind the decision IMO.
Tommy - &?
Ultimately Pfizer have managed to sell their drug because they know how to navigate the process.
Every time I’m in the states the number of TV adverts I see for PAX is impressive have to hand it to them they know what they are doing.
Mani - “ IMHO RM's behaviour is questionable.”
If you had attended the AGM you would have witnessed the line of questioning around the chairman’s position.
IMO The chairman must go at the next AGM as the length of service of both the chairman and CEO is not in the interest of the shareholders.
As for RM jury is out his next move needs to be progressive.
Mani - I never said I’m always right.
Clearly said I had a theory that theory didn’t pan out.
But importantly I had an investment strategy which is now into its next phase.
Rather than sit and wait for the best I prefer to draw up plans and then let them run their course.
Clearly you don’t and got in a flap when you realised things didn’t align with your assumptions.
There are others here who are happy to bust or flush which again is a perfectly legitimate strategy. At least they have one!
Best get your strategy sorted.
Mani - That bottom drawer comment 12months ago really rattled you didn’t it.
Funnily enough 12months further on the share price is where it is and my comment seems fairly accurate!
Your little panic moment a few weeks ago did make me chuckle. Are you still holding out for your egm?
Fruits - I see 3 stages.
- Get the regulators to agree on what they require
- Align our plan to the regulators
- Execute said plan *requires cash injection however that materialises.
All of the calculated moves you mention and I agree are happening points to the fact they are at phase 1. I strongly believe they are still trying to influence and align the regulators.
If step one was complete RM would be coming to market with a concrete step2.
My comment on the money is that when step 2 is clear step 3 is also clear.
There will be a financial fingerprint on the trading that will be hard to hide that’s the signal to get in or out. Think TFG fixing the end of year accounts late last year. That was very obvious if you knew what you were looking at.
Currently the share is fluctuating with day to day trading nothing is happening. If m&a was inbound no way would the price be allowed to drift during that period for the benefit of both parties.
Think about it.
Similarly no way any M&A would have happened dec/jan during SNG’s and most US BP financial year end, unless the CFO’s have a penchant for stress.
Doc.D - It’s not bad form it’s an opinion which is valid.
Just as much as the clowns that bleet RNS inbound every time SNG attend a conference. That’s their opinion.
As for the spread Dudio get a better broker and don’t deal through online transactions.
Well I'm happy to put my neck out and say no news before tax year ends and sub 8p available before news arrives.
If I'm wrong you'll all be happy but I made enough on the first wave that it doesn't matter if I miss out on seconds. There are plenty of good opportunities for solid returns on the main markets now.
Fruits - I doubt the announcement you are hoping for will come in the next 3months that’s all I’m worried about at the moment.
First sign of the funds being drawn down and I’ll be back in but until they have need for the money they haven’t settled on a route forward.
Tatty - Financing is not SNG’s problem if they had a clear route forward there would be plenty of cash coming forward to support.
They have yet to find the clear route, Brand, Tommy etc inadvertently highlighted that with their posts late Friday.
The situation is vastly different now to 1-2years ago the path SNG have to tread is vastly different.
They need to build momentum with the right partners and regulators. Regroup and go again.
First we need the regulators to settle on what their expectations are.
Then we need to design a trial for SNG to meet them.
Don’t underestimate the importance of UNIVERSAL to inform the regulators and set everything in motion.