PYX Resources: Achieving volume and diversification milestones. Watch the video here.
The share price has consolidated at the 17-18c level and last night Hong Kong Bulls issued a BUY recommendation @ 18c.
What will drive the sp upward in the short-medium term? Probably a combination of 1) EGM news tomorrow, 2) FDA news ?later this month, 3) OTC in the EU 4) Taiwan approval in January and 5) China +/- HK-Macao news in Q1. There could well be other news out of left field which might spark a long overdue recovery rally. We should also benefit from the Juvenescence IPO due next year.
We are running low on cash so the $800,000 Christmas gift from Wanbang will be appreciated. EuroPharma will also contribute with $300,000 in January (from Taiwan approval) and Wanbang will pay $3,200,000 in Q1. That is much needed cash.
The ATO issue has been outstanding for years and can probably be pushed forward again. Our current holding in VXR is valued at AU$3.5 and expected to increase next year and might be sufficient to settle the ATO debt at a later date.
Hopefully DLI will add value for Regent share holders. It is a benefit that DLI is HK based. Zhavoronkov will be a major holder from tomorrow 11 am and should strengthen our management team. It seems like a dynamic group and I look forward to follow their progress in a new field (for me).
Looking at the bullish chart and expected news flow I think we are getting set for another leg up.
Please note: current Market Cap is only $42m, so a lot of upside here (even with DLI dilution). Let's see how the market react tomorrow/Thursday to the EGM news.
Thanks for sharing.
Looks like we are drifting towards support at 14-15c?
Same pattern this morning bignose, just two buys for 30k shares out of a volume of 737k.
Only 2M shares traded today with just 4 buys for a total of 80k shares. This "wave" did not last long..
Young.AI app is down! I received this e.mail from DLI: "Hi there! It is Anthony, Young.ai Product Manager. I would like to inform you about two important things: the access changes and our update schedule. Our web application has been moved to a new address. young.ai ? app.young.ai No need to worry. All data is saved. The functional is the same and will be better with our new release very soon. Due to some upgrade technical reasons, our mobile application is not available now, and users might not be able to log in. But it will not last long, and you can continue using our app with the 1.03 version. It is coming to Apple Store very soon, don't miss it." This is clearly not a good start. Looks like DLI rushed the app through and now it is down.
Lock up is 6 months for DLI majority holders and 12 months for minority holders.
I just wonder if DLI can actually generate any meaningful revenues for Regent Pacific on the short to medium track. Not very impressed by Polina Mamoshina on the recent Master Investor webinar. I think she mentioned something along the lines of the biggest achievement for DLI this year was the Regent Pacific acquisition without even mentioning our company name. It appears "Reason" was also critical of the usefulness of the ageing clocks, that is a worry. The flagged Juvenescence IPO might well spark some investor interest in HK but will DLI be able to generate any tangible income? Another growing concern is lack of funding to support the ongoing FDA work, support DLI research, keep the lights on in the HK office, pay salaries, the outstanding ATO tax bill etc. I guess we will need to raise min. $10m post DLI acquisition? I had a look at the interim report again, we must be running on fumes by now with current burn rate?
BEARISH ENGULFING. HK Bulls now show a sell level of 18.4c after the new bearish engulfing chart pattern.
We are now trading below the upper bollinger band. Given the constant selling pressure and fast stochastic change point
detection I expect we might be closing the gap shortly before we go higher. However, one growing concern for me is funding. We must be running on fumes now and I am not sure how we can pay the ATO bill due next month, fund FDA work as well as keep DL afloat without a capital raising of $10m or so.
Bignose, 3,500,000 was left on the BUY side at and above 18c at close of trading at 16:08 (incl +2,000,000 at 18.3c) - unfilled BUY orders ok.
Holding up well again today with 3,500,000 on BUY side at 18c and above at close (incl +2,000,000 at 18.3c).
KGI Asia frequently noted at front end of BUY side today. Let the good times roll!
Exactly. Holding up very well indeed. UBS very active at the front end of the BUY side today. Yesterday it was Deutsche.
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1118/2020111800288.pdf
BREAKOUT ALERT! Today the share price broke through resistance and closed above the upper Bollinger band.
Chart looking very bullish now fellas.
BULLISH THREE OUTSIDE UP: HK Bulls have just issued a BUY recommendation: "Our system’s recommendation today is to BUY. The BULLISH THREE OUTSIDE UP pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.1520, and our valid average buying price stands now at 0.1560. Market Outlook: Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity"
HEIMDAL
These type of delays are not uncommon on the HKSE. Update next week, not far to go now.
Consolidation and support at 15c, ready for next leg up.
FDA news and DLI confirmation might well see us back around 30c.
Direct link here: https://masterinvestor.co.uk/videos/thought-leadership/
I also registered for the zoom webinar but was a bit disappointed with Polina. I think she is probably more suited for research than than presenting the company. Not fired up. Not charismatic like Jim. We need somebody like Reason to promote the company.
Keith, are you back on the drugs again? lol
Mark my words: "Doubters will soon become believers and believers will become disciples of our chairman Jim Mellon - the great diviner"
The market is finally giving hints of a bullish resurgence. Today a bullish pattern was detected by HK Bulls. Indeed, today was the first time we finished UP in almost 3 weeks. Did you see the 4m BUY order today? Hopefully positive news tomorrow :-)
13c.. unbelievable. At this rate we will be back @ 6c next week.
The UK roll out rally back in NOV 2016 lasted about 12 trading days with a total volume of 3.245B, reaching a peak of 79c on Day 12. After that the sp and volume dropped off.
Day 1: 546M shares traded (high of 51c and closed at 45.5c)
Day 2: 609M (with intraday high of 64c)
Day 3: 250M
Day 4: 120M
Day 5: 139M (reaching a low of 45c)
Day 6: 116M
Then on Day 7 the volume drops off to just 47M - is the rally over?
No, next day (Day 8) the volume picks up to 368M
Day 9: 374M
Day 10: 286M
Day 11: 166M
Day 12: 224M and we reach the high of 79c.
I sold out around 69c and now hold >1,000% of what I held back then.
Difficult to predict the duration/vol/sp of a rally but I feel this one still got legs, time will tell.
Anyway I am not selling out at these low levels. The major sp driver should be confirmation of the US license agreement which might not be that far away now. There could also be a TO offer for FORTACIN out of left field anytime. My hope is to see the sp moving beyond HK$1, I think the potential is there.
The recent move into the longevity sector is also very promising and should continue to spark investor interest in HK and further afield. Dr. Zhavoronkov noted last week that as part of Regent Pacific DLI aim to service the longevity biotechnology industry as well as the health and (life insurance) industries and become the ultimate instrument to hedge the longevity risk. Sounds very exciting. Indeed. DLI is not well funded at the moment (as someone pointed out) but that could well change in the future as Jim was very successful in raising capital for Juvenescence last year. All in all holders should be cheerful :-)