The silence regarding Agile is a little bewildering, as it would appear there is some urgency required in finding a treatment for the worst effects of Covid. The results from 1/7 RNS would seem to suggest that acceptance into the Agile program would/should have been a formality. There are four reasons that I can think of for the delay:
1) The change of leadership at the Health Ministry has delayed any decision-making. SJ doesn't want to be tainted by any lingering doubts over MH's potential sleaze, and so is treading carefully.
2) Sareum have been asked to contribute to the costs involved in taking SDC-1801 into clinical trials, hence today's RNS (guaranteeing a further 180,000 GBP to be used for precisely that reason, and similar to the last government award, where we were awarded 174,000 GBP but asked to contribute 64,000 GBP to the overall costs). A kind of 'skin-in-the-game' commitment.
3) They're still working on any potential toxicity issues - is it really safe?
4) Sareum have been approached, and a takeover deal is being thrashed out as we speak, hence the radio silence.
There are probably a host of other reasons for the delay, but as each day passes it seems it provides fodder for the MMs to lower the price and flush out weak hands. AIMHO.
Good to see you back on board. I think you timed your purchase perfectly.
GLA. Feel news is imminent...
Morning. Are you an insomniac?
If Sareum's sp is to reach the dizzy heights that some on here are predicting, we need new blood to reinforce the narrative. So let's persuade our new investors/posters to buy/hold for the long term with convincing arguments, and not be too dismissive of those that proffer contrarian views. Let's face it, on paper, Sareum's sp has risen from c.0.25p per share to 9.55p in 14 months. That's one hell of a bull run! If you were new to Sareum, wouldn't you be wary? The trick is to engage new blood and not alienate people from questioning the narrative. Welcome them, convince them - don't belittle them.
A couple of useful analysis videos you may wish to check out:
https://www.youtube.com/watch?v=hh2iifj9AQE
https://www.youtube.com/watch?v=gRS4mCjXdBc
Have been wondering about who our secret investor might be, as well. Stumbled across Richard Griffiths, "founder of ORA Capital Partners Ltd. and Evolution Capital Ltd., he is a businessperson who has been at the head of 6 different companies and currently occupies the position of Chairman of Sarossa Plc, Chairman of Blake Holdings Ltd. (Jersey) and Executive Chairman at ORA Capital Partners Ltd.
In his past career he occupied the position of Chairman for Sarossa Capital Ltd., Chairman for Evolution Capital Ltd. and Executive Chairman for The Evolution Group Plc."
https://www.marketscreener.com/business-leaders/Richard-Ian-Griffiths-05J8QH-E/biography/
According to the link, he is currently invested in no less than 10 healthcare/biotechnology companies and has a net worth of over 300m GBP.
No offense intended, chaps, just trying to inject a little realism. No bowel issues here lol! GLA!
LeMajor, your first sentence, yes, that's worth an RNS!
It would be a total waste of money to RNS something we already know and would hardly affect the sp. It costs Sareum to lodge an RNS, right? To tell us what? Nothing, and in particular nothing price sensitive. Hardly prudent, imo.
Hi Thoth, I respect you and all, but I can't really see the point of an RNS "just to confirm that the preclinical finished on time and is complete, just waiting for analysis", when we already know that "the UKRI-funded Covid-19 research project for SDC-1801 continues on schedule with the experimental phases finishing by the end of June and the data analysis to complete shortly thereafter. The Company will provide a further update once the relevant data are available" (from the RNS dated 15th June). It's simply a waiting game, during which the mms will toy with the sp. Been there, done that, bought the T-shirt. Patience.
https://www.msn.com/en-gb/health/medical/uk-researchers-to-investigate-ivermectin-as-possible-covid-19-treatment/ar-AALkENf?li=BBoPWjQ
Apologies if this article has already been posted. I was drawn to the final 2 paragraphs, in particular: "The taskforce, modelled on the team responsible for the UK’s vaccine programme, is aiming to identify and support research into promising antiviral treatments that can reduce transmission and speed up recovery from Covid-19.
It’s hoped two effective treatments – offered in tablet form – will be made available to the public as early as autumn, providing Britain with “another layer of defence” alongside the vaccines in combating possible future waves and emerging variants, said Sir Patrick Vallance in April." Does anyone know what these two treatments are?
Trapper, if 1956 is the year of your birth, that makes you 65 years old. Retirement age. Yet you continue to wage some pointless war against Riddler, and anyone else who posts on this board. Why? One would think you had better things to do than troll this forum with your inane and, quite frankly, boring comments. You add nothing and achieve even less. If you actually contributed anything of value - in terms of research - I might have some respect for you. But, alas, no. You just poison this forum to such an extent that you deter others from posting. Grow up! Leave us to our delusional belief that PYC will deliver value to its shareholders. Move on to pastures new, and be happy! Enough said.
Sorry to be pedantic, Basil Alderman, but the exact wording was: "The UKRI-funded Covid-19 research project for SDC-1801 continues on schedule with the experimental phases finishing by the end of June and the data analysis to complete shortly thereafter. The Company will provide a further update once the relevant data are available." By my reckoning, we are talking the first week or two of July before we hear news regarding the efficacy (or otherwise) of our SDC-1801 in Covid. That leaves us, as I think Potnak said recently, at the mercy of the mms, as I think we are witnessing currently. I just think we all need to prepare ourselves for the usual shenanigans - even a drop below 5p wouldn't be a surprise (not that long ago we went from 3p to 1.5p in fairly short order), but such a drop would be a massive buying opportunity, imo.
Let's not forget Sareum's latest tweet regarding tofacitinib in patients hospitalized with Covid-19 pneumonia (see https://t.co/gK41kwSnvT). "In this trial, among hospitalized adult patients with Covid-19 pneumonia, tofacitinib led to a lower risk of death or respiratory failure". But why tweet it unless you knew your compound was better (tofacitinib is a JAK1/JAK3 inhibitor vs our SDC-1801, a TYK2/JAK1 inhibitor)? Is the distinction significant?
Blee, I particularly liked: "The 306-year-old company has paid shareholders an 80p dividend, representing a £4billion distribution, annually each year since 2014. The payout is expected to be slashed to between 40p and 50p next year. A reduction to 45p would represent a £1.7 billion cut in the annual dividend pool to about £2.3billion." That 1.7 billion might just be enough to get Tim and John to the negotiating table!
John, try the following:
https://www.edisongroup.com/publication/treading-the-tyk2-trail/29435/
I, for one, love you, Ahfam, especially when you say "many happy returns, chaps"!!
Fadec was continually quoting from an investment report (sorry, I forget the name it) which stated that fair value for Sareum was 1.38p per share, this being when we were at around the 2.40p mark. I guess he missed the boat. I agree he brought balance to the board, if by that you mean he counter-balanced our positivity with his negativity. The main thing that irked me was that one needed a degree in linguistics to decipher his posts, and he insisted on using exclamation marks when there was nothing amusing about what he was saying.
Of course, in bingo, the number 27 can be called in two ways:
1) Duck and a crutch (the number 2 looks like a duck and the number 7 looks like a crutch), or
2) Gateway to Heaven (rhymes with [twenty] seven).
I know which of the two I'd prefer the "27" trade to imply! GLA.
June 9th, 11:18: "More than doubled my money therefore sold my shares today. Good luck to those that are holding for higher gains." The price at the time? 4.125p. Shame you didn't hold on, old thing, as you could have changed your moniker to "classic911"!!