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ITD I would de-risk if I were you. I am overweight on PXC myself but if you piled in a few weeks ago you must be sitting on a good profit, and should de-risk at least partially. It is nuts to have such weighting to a pre-revenue miner.
Even if/when financing lands and price doubles from here I will still say that is a nuts risk to have taken.
Just my tuppence worth like.
I’ve seen a number of dual listings get existing investors all excited that the same price is going to fly as US investors pile in, only for it to fall flat. 4D Pharma springs to mind. If a US investor is that interested there’s nothing to stop them investing already.
The BOD need to follow through with proper marketing and promotion for it to get proper traction and be worthwhile. The significant US nexus of the business does make sense.
Go to ULTP - ticker changed with new name update yesterday
Both, essentially. There is going to be a steady march of 5% days over the next few weeks as the reversal and the news of imminent funding draws in new investors, which will have a snowball effect.
We were always expecting this to move hugely on confirmation of funding. Now the cat is out of the bag I expect a significant rise to at least 30 before the funding news is released. A rare opportunity to fill your boots in the next few weeks.
Agree with Graham, should assume with any AIM company that the directors won't hesitate to stick their nose in the trough whether it's the right thing for SHs or not.. that said, releasing this on a Friday afternoon is all the evidence you need that they know they should be feeling a little sheepish here
Wondered the same thing. Strange.
Delighted to have the opportunity to top up another 68,000. We are much further down the line than the last time I bought at this price.
"Platinum $968.00
Palladium $1 952.89
Rhodium $13 471.90
Gold $1 810.13
Ruth $468.16
Iridium $3 808.45
Tharisa USD $2 394.96
Hope everyone is as stuffed as our coffers at these price levels"
Lovely stuff!
Is anyone seriously expecting 5 major updates between now and xmas? Surely something is afoot here. I have no reason to doubt the science because the board have been giving strong signals when interviewed that the trials are going well and efficacy is good. I have confidence on that front which makes me wonder what's going on at board level - early takeover conversations? I suppose they could actually get quite far before having to make an official communication to the market. Or a leveraged MBO?
What do you guys think, am I in a minority here?
*500m AUD
Ziquarat, with your background, you may want to look at ADV.
Present market cap of £40m, they are about to drill into a proven oil basin this month, that is expected to be producing 20,000bopd with a 95% chance of success. It's a previously producing resource but was stopped 20 yrs ago when the low price of oil made it uneconomical, and they didn't have the tech they have now to unlock it further. Their JV partner, Carnavon, have described it as transformational for themselves and they are valued at £500m, so the potential upside here is staggering.
Highly experienced board, I'm expecting it to get into mid cap territory on good drill results (which is very liekly - this isn't exploration).
Cross-ramp over - I'm invested in both!
@SGF
I had a look at SpectrumX and was put off by two things.
1) HOCL has been around as a disinfectant for decades, and is already sold in the UK as a hand sanitiser for example. So I don't see anything new in what they are doing at all. There are other companies in this space already well ahead of them. Maybe their pill is something magic but that's a total gamble - maybe I would take the bet if I like their track record but:
2) My research of the CEO, he claims to be a serial entrepreneur who sold a telecoms business for millions, I can't find any details of that whatsoever - Companies House shows a couple of companies that did nowt, and a less than flattering tabloid article saying it actually went into liquidation. His LinkedIn doesn't have any employment history before Spectrum X. That is very odd for an entrepreneur who are usually very proud to show off their past record. For that alone I was out, I want to see a track record of success. He clearly is very wealthy, see his instagram full of partying in Ibiza, but I'm not convinced that will translate to delivering for shareholders.
Maybe I'm missing something but I would take advantage of any post-IPO bounce and get out quick.
Sorry very off-topic ! I am much more convinced of ADV's case and am in deep here :)