Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Covgaz are you invested here?
And yet the sp has been rising this.. today surpassing 1.50 albeit a close at 1.45 but still higher than previous close.
Let's see what the next expected results say..week 20th may
Look at the previous RNS results couple's with Junos coments about success plus we will be getting an update on the bex results.
Funding is related to results of bex
Fact 7 of 8 hmr failed mda still alive after 8 months. The survival rate is normally 4 to 6 months!
"...subject to continued clinical success with the BEXMAB trial,.."
AkA if results continue to produce finance is on the table!
Is this meaning they are in talks for a real deal with a big pharma?
"With the Waiver Extension the Company continues to finalize its preparations to secure longer term funding"
You can't develop a drug without money.
Possible fund raise by 11th June? Unless someone big invested?
"subject to terms above being followed and the Company securing subscriptions or guarantees for a public offer in the amount of 10 million euros by 11 June 2024, unless other financing of the same value is secured prior to that"
Oh well.. that never happened :)
It's about time we got a RNS with some great news to push the SP back up. I'm calling one tomorrow morning!
They must already know the results, just preparing the data yo be realised. If it wasn't gonna be good then why announce excellarating talks with the FDA.
Also, I think Faron would prefer to go it alone, there come this far already.. maybe they are looking at a income stream?
However, rally does a small pharma not need the big bucks from a whale..
I'm also invested in millions therapeutics and they have done a deal for 19% of the company to big pharma.
Either way.. Will 2024 be a pivotal year for us shareholders?
Really tempted to buy more at these low prices.. but they it's possible they will do a placing and if its public it could be at a discount...
Gonna wait and see
Anyone know ow what percentage is tradable on the markets ?
Well Timo still believes in the Faron story, I expect as a successful businessman he had some words for Marko and his CFO.
But still he added more.
Plus 3 board members chipping in as well ams
And if the EIC thought faron was a dead duck they wouldn't of paid in either.
Interesting they cut their monthly bill back... I member them taking on staff for marketing bex.. maybe they were too premature for that.
They may well have to get a whale on board, a big pharma may get a cheaper buy in.
Still believe we have setting good here that has the potential for a very good pay day.. I actually bought more at 1.50
My only reservation is that this is a Finnish company. I recall when Nokia were the king of phones but failed to carry their success to the next generation..
When discussing what went wrong one of the top Nokia guys said we should have been I. The board room instead we were too busy having Saunas LOL
We are probably looking at raising money via issuing more shares on Monday..
We all know the score, faron has tried to progress without Co start dilution.. but they need cash.
Either more shares are issued or a big pharma steps in
If there's a share issue at a discount, I'm gonna buy more..
Some big buys today.. where are the shares coming from?
Might see a big jump.over £2 tomorrow.
You can buy faron through trading 212 isa acount now
Bristol Mryers Squib owns azacitidine...
Wonder what they think to the results?!?
Someone has loaded up today
Recent events are just a hicup... Timo hasn't lost faith in Faron. Anyone who bought more on the dip have done themselves a favor.
Pharma shares are always the long game.
They need 35 million.. now we know officially what every knew unofficially that to prove up bex will cost..
I'm in for the long game and bought more on the drop.
"next BEXMAB phase I read out in mid-March with special focus on durability of bexmarilimab efficacy on HMA-failed MDS patients known to have very short life expectancy post HMA failure"
We need something.. even if its a RNS saying we have a solution we are working on and all is well!
We have 4 plus million cash, what's the issue!
Does someone want to takeover the company at such a low SP?
Nokia lost our cause they were in the sauna too long.. was Nokia Finland or Sweden.. all the same from here!
The BOD and big investors aka Timo can't be happy plus the pension funds and euro money grants ect..
We need to ask big questions at the next Q&A
The CEO Trust the CFO to do their Job.. is this why the last CFO left? Did he mess up? Is. The new CFO to blame.. put a head on the block, that normally gives the markets confidence!
I bought more last week after the RNS so I'm invested here!
Also in for the long haul so SP today, doesn't mater if we strike a good deal!
Lastly.. do you get exrea points if you end sentences with a !
"Faron said. It said its total cash and cash equivalents stands at around EUR4.3 million, which it said was enough to cover the company's financing needs until the beginning of April."
So what's the issue?
Well I bought another grands worth..
Can't see faron folding so once this matter is resolved we should rise back up