Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
They're like vultures that think they've spotted a carcass. They see other vultures circling and so come over and have a look. It is remarkable the number of randoms that have rocked up with an opinion all of a sudden 😂
WatchMaverick, you said it would go down, but now it's going up. Is this a failure of your special powers of insight? Maybe you should do the chartist thing and start caveating your predictions with "it could also go in the other direction (and don't listen to me, I just want some cheap shares from any mugs that might listen to me)".
Or, higher low at 77, up she goes.
Dox anti-cancer properties are a known entity and now precision proven. Granted the picture wrt to pharmacokinetics and how best to deploy precision based pro drugs is being built up as the trials progress, however, there's good reason for the market cap being where it is.
*******amy, it depends entirely on the proposition. if you are a tin pot business trying to prospect for helium with a hand drill, for example, you might have to give away 60% of your business to wonga. however, as i stated before, avacta were able to raise a large amount on favourable terms in much less favourable conditions last time around, and the proposition has only improved since then. so, yes it will probably fall in to their lap when they need to raise, wherever that may be from.
They may raise eventually, but they have stated clearly that they are exploring both dilutive and non-dilutive options. The option they ultimately choose and terms they can leverage will depend on the data they're sitting on and how convincing it is. The HC raise showed us that Avacta were already at that time convincing when you consider the market financial conditions back then and the terms they got.
CTSFO, only 11m shares were traded over 6 days to get the price from 100p to 72p, and the buy volume just today is already 6m+. My point being that there was not a huge dumping to get us from 100 to 72 whereas the buying impulse was quite strong. So, I'd expect us to move back up and establish the usual trading range above 100 before long. Again the relatively small volumes shed in the preceding days demonstrate that this is not a share that the majority are about to give up any time soon.
It’s not just weak hands it is also traders who see the trolls attacking the sentiment and are attempting to take advantage. If you have conviction in the company the best thing to do is keep some in reserve to take advantage yourself.