Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Afternoon all
Like many, that the MM's are holding this back. I've also got this feeling in my bones that UK investors waiting for the optimum time / price to invest could be caught out, by US moving swiftly after a UK close.
In any case, not long to get on the register for Accustem shares. As always, DYOR and GLA.
And patents Lanchrishire :-)
If any of our American cousins are reading this group chat and are unsure, I think I'm right in saying:
- Accustem had zero balance sheet value this Summer
- It's been proven 45% better than Oncotype DX, bout by Exact for $2.8 billion
- Post the UK and Italian trials, a US investment firm (Wainwright?) has valued this element of TILS's business at $280 million
- the court hearing this week placed a Company value of £4 million ($5.17 million) for the Accustem spin off
- the shares will be unlised after end of October, with UK listing due Nov / Dec 2020
- the plan is for Nasdaq to follow
- every 2 ADR's is equivalent to 1 share. I guess US investors will be allocated on this London basis (but not been specified)
- As soon as the London listing is approved, US investors can buy more London listed shares
Now, if that doesn't sound like a great deal, please let me know. Also, please feel free to correct if I've typos or got the wrong end of the string.
GLA
Mentioned quite a few times by our good Dr K this evening. He genuinely sounds baffled by the 'games being played on Wall St'.
Also, one American caller seemed particularly excited about formaulab, so over time the hope is that the US healthcare sector will shout from the rooftops about this.
I guess it could be a tough ask for a US investor to wait for unlisted shares in a spin off company, which will only be traded in UK Nov/Dec time, before a 'maybe' Nasdaq launch. That and the market cap is so tiny for them to consider.
Having said that, I believe this is such a wonderful opportunity to get in early on a staggering pipeline of life changing treatments. Not a rainbow chasing trade though.
As always, GLA
Thank you. Listening now.
GLA
Afternoon all
So, just under 2 hrs left of UK trading today.
No RNS yet, so not much new news can be shared in call in this evening.
However, as mentioned considerably recently, the shorts will have to close at some point. I suspect a US afternoon rally at some point, post Uk close.
Fingers crossed for an avalanche of news post AccuStem split
GLA
I believe, previously, a recording was made available on YouTube before being shown in US.
Just checked and nothing available yet. Of course, if market sensitive info an RNS will be expected first. Looks like PR may be about to ramp up pre AccuStem split.
For some reason, I was expecting the BoD to be ramping up updates of the various pipeline projects, pre Accustem split.
Maybe these will be very soon, or maybe they’re under a non disclosure !
GLA
A reminder that you have to hold shares by close of business 27/10 to benefit from ‘free’ shares in spin off.
Times to switch off for a fortnight.
GLA
Okey dokeys prophetus.
Thanks for your sound financial advice. How do I make payment to you for that?
Oh, and while you're at it, please let me where I can earn more than 0.01% than National Savings?
Thanks in advance
GLA
Correct Anca19. Fingers crossed for a spectacular rise for your son
MOG14. So am I.
It’s like watching live sport via a device other than a set top box, with a time delay. This share is definitely one to keep your eye on.
Had to get out of the house and down the pub to enjoy this. Delighted for all holders. Just the start
GLA
Thanks SOS and glad to hear that your nasty paper loss has disappeared.
Short term target of getting back to normal achieved. Next step £2 (or $5.20 across the pond), then who knows how high this can go before end of October. Congrats to all LTHs and welcome to newbies who are getting in at a bargain price.
Any idea on level of shorting position after yesterday?
GLA
So, can't be long 'til US break $4.38 (equiv £1.70) before moving to placing price of $5.20. Been a while and stressful from the £3 highs of mad Friday, but now looking good.
GLA
Equally, the constant fall was on very low daily volume. FOMO is kicking in, coupled with some COVID stocks doing well. Rebalancing of some people’s portfolios
Today feels just like the anticipation of Colin's presentation, then the drop as he started. Fully anticipating a similar rise during the day and finishing 120p +.
1.72 my average. Are the UK finally taking control again? FOMO from holders of other Covid stocks that have soared recently.
GLA
Sneaky suspicion this will shoot up after UK close. Great to see blue days for LTHs.
GLA