Member Info for itsgambling

Hi Rabito.
That is one possible.
Another is that holders have been selling equity and buying warrants.
Basically we don't know why, but there has been a ceiling on the sp for some time. (just above / around the 32p warrant price). There has also been a willing accumulator(s) - SG, M&A and maybe others. Net effect has been rangebound sp.
IMO the combination of Q4 start (nearing approval), imminent commercial deal and AMP news about not selling for a year is a perfect storm and the seller won't (and can't) hold this down now any longer.
37p is very very key. Break that and we're off.
IG

There is not much interest in the states, they tend to follow our lead.
I expect the interest to build both here and there as we near commercial deal and approval.
Risk v reward in far beyond anything else on aim. Hence I am happy to have over £100k in here.
IG

Welcome Jay.
Is finally an exciting time to be here. The best thing for me is to see L2 with almost solely MMs (no DMA) on the ASK.
There is very very little volume left available. I expect some games to try and encourage selling but we will be back to the 40s very early this week, possibly today.
And that's just the start.
Bring on the £1 party. I will be the first to buy Ivy and Mr & Mrs Sheltie a beer.
IG

as if to reinforce my post. A tiny 2k (shares) buy and 37p immediately gone. This will move up very fast.
IG

ASK looks super weak. Very little buying and they have recoiled to 37p.
Now that the DMA have eased off (certainly appears the manipulation was related to AMP) the MMs have very few shares available.
The MMs will have to move this up to a level where people are willing to sell. There will be some happy to take 5-10% but not many. That's the problem with the long spell of manipulation. They are mostly left with LTH & iis who have much higher (realistic) targets.
I will not be selling a single share until £1.
IG

Barchart Technical Opinion - Strong buy

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions.
Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.

IG

When we break 37p the next resistance is well over 40p so I expect that's when the herd will arrive.
To build a sizeable holding will be quite expensive now - as AMP are gone, and the LTH & iis are all in here for £1+.
Not many sellers at this silly level. Hence SG started buying some time ago.
Be nice if another ii decides they want 5 or 10% ;-)
IG

Am just trying to keep my feet on the ground mate. The broker targets are over £1 pre approval. So I'm aiming for the same. I hold nearly 350k shares and am going to enjoy the ride after all this wait. IG

Oh, and don't forget that our distressed seller (amp) has confirmed on Friday that they don't need to sell another share for a year :-) IG

Welcome to deal month folks. This is the reason Sandgrove and M&A have recently invested nearly $20 million here. Almost zero downside at this price as we approach nda approval with 95+% COS. And potential short term upside of circa £1 on a global deal. New abs cost around 1bn to develop, ours works, no side effects and lots of potential applications (esp as iclaprim has been shown to collect in the lungs). Imo we will see global buy out by a major for around $350m. IG

All the DMA have moved over to the bid.
The MMs won't have much volume.
Looks very good.
IG

100k on the bid at 34.5.
The big boys have decided it's time.
When we hit 37p the herd will arrive. Unless the big RNS with the commercial deal comes first.
IG

34.45 bid now with volume.
It won't go up in a straight line, but the worm certainly appears to have turned.
I'd be amazed if many LTH would accept a measley 5 or 10% after all this time & potential.
The broker targets are all over £1 - with good reason.
Going to enjoy the next few weeks as we build up to the big RNS about the commercial deal.
IG

Closing shorts causes sp to rise not fall. IG

Just 16k left (showing) on the ask below 35.45!!
This is going to rerate very quickly on very little volume.
After all these years, it's about bl 0000 dy time.
Happy I'm fully loaded with my 350k shares ready for lift-off.
IG

Hi Ian. Can't remember exactly when but he def said several times in presentations that the plan was to make a decision by Q3(ish) about the route to commercialisation. In order to have 6 months to do pre launch stuff and be ready to launch straight after approval. The preferred options are partnerships although a deal with a global major is still very clearly an option.
Note that HABP P3 trial is postponed until funding, which was planned to be achieved via a partnership deal. This is still on hold (ie: still the plan is to fund via this deal). IMO the negotiations are near completion. SandGrove (who have invested millions here) have a strategy to invest in anticipation of significant corportate activity (like deals and buy outs). They expect something big. And soon (hence they used an expensive CFD to invest - this is not a long term investment vehicle)
IG

Hi sji - thanks for pointing that out, I missed the bit that some of the fund raise was recieved after 30 June.
It's unclear to me how much was recieved after, and although $2.6 mill trade & recievables looks positive, it's impoartant to see this in the context of $4.1m trade & other payables under liabilities.
I still see a short term fund raise, hence the statement in the interims that the BOD "are in the process of securing, various sources of funds including issue of additional equity and/or debt".
Obviously a deal in the coming weeks would be transformational, but that's a binary bet.
I'll keep watching from the sidelines for now.
Best of luck to all of you.
IG

Ive been watching closely ready to invest as it's an interesting company. Not sure it's for me at the moment. Best of luck IG

Maybe I'm reading a different document as im seeing no revenue and fund raise coming? "...the group has focused its efforts on the CoalSwitch™ and Forestry and Natural Resources business segments. Neither of these business segments have generated material revenues at the date of signing these interim financial statements" "The Directors have identified, and are in the process of securing, various sources of funds including issue of additional equity and/or debt..." IG

Please can you explain how they have 12 mths cash, as I'm obviously missing something? Looks to me that (after the fund raise) they finished the half year with $260k. Which clearly isn't enough to last much longer than till now? Thanks IG