Member Info for jam2morrow

Yes chillipepper, we can't know for sure, especially if it was worked in stages over a few hours. We should get a holdings RNS for something of that size tho.
Could still be another bid, but, as I say, 97 is a sensible offer

Will force Virgins hand if they're still watching. Interesting that there were a few big buys at 97p - outweighed by one massive after hours sell - but shows some ii's think another bid is possible.
I think 97 is fair tho, maybe i'll watch for a few days before I sell out
BB is quiet tho, that's probably why the profit is in the red - people up here not too keen on communicating

Holdings RNS - JPM increased position a bit; you'd hope they know something more than us

@ The.Italian, We have covered this situation already to some extent - IVY dug up some old RNS's that showed the company could give ' an indication' of what happened in an FDA meeting before the minutes were received. As I recall these were RNSs after the initial New Drug Application. Maybe its different this time tho'.

Imagine you are a big II, holding millions - are you going to be happy holding for a month without a proverbial nod or a wink from the company.

That's why I think if they opt for a communications lockdown there will be plenty of whispers and rumours with the resulting spikes and dips

Well, big for this company. Hopefully somebody organising at the end of the tax year and not selling on inside info. Interesting that both sells seem to have been instant and not 'worked' thru the day, so, not a problem shifting them.

Greg, Its all going to hang on how much info about the 3rd May meeting the company is going to disclose. From the RNS on 26th March they state that: '' the co' expects to provide guidance regarding path forward for iclaprim upon receipt of minutes''
From that I would infer that they are not going to say anything until receipt of minutes. I think that this will mean the share will be traded to the max during this period - we have already seen big spikes on no news.
From the 3rd May the co' will know if there is a path forward and how much financing will be required. Personally I don't see how they can sit on this information for 30 days without giving some sort of indication to the market -we will see.
I'm going to need @30p to get my money back but I can't see that happening before 3rd May. I'm no trader but I think trading to some degree will give the best results

I'm sure there will be a lot of questions at the conference that the presenters ''will not be able to comment on''; but I see this as positive news and the company stepping up and getting on the front foot.

Cut this from Western Australia Lithium magazine/web site.
I think that the Chilean Brine producers make carbonate as a raw product
Article:
Lithium has multiple forms, however the most important forms for manufacturing electric vehicle batteries are Lithium carbonate Li2CO3 and Lithium hydroxide LiOH-H2O.

Battery grade Lithium carbonate is used to make cathode material for lithium batteries, however requires a substantial amount of processing to remove impurities before it meets the required specification. Lithium hydroxide is also used for cathode material, however the hydroxide form can produce the cathode material more efficiently than the carbonate form. Lithium hydroxide decomposes at a lower temperature, reducing production time and energy costs for Chinese cathode producers.

Chinese domestic spot battery-grade lithium carbonate price (min 99.5% Li2CO3) sells for around $20 000 USD per tonne, whereas battery-grade lithium hydroxide monohydrate (min 56.5% LiOH.H2O) spot prices currently fetches around $21 000 USD per tonne. The premium paid for Lithium hydroxide is expected to continue as operators look to reduce costs whilst maximise profitability. However, despite the increase in popularity for Lithium hydroxide, the demand for Lithium carbonate demand is expected to continually rise steadily into 2020.

Hannibal, Fast money, this info is from the wiki page for iclaprim. Is it true? I don't know, but it is there. This is all old news anyway. Remember though that at a molecular level this is exactly the same drug.

Good spot 4M's, maybe there is some good news after all ! i'll be honest though, the way my shares are going, its probably a computer glitch

what sort of timescales are we talking about if another bidder wanted to come in? days rather than weeks? I've no idea on the protocol for this.

Don't think anyones mentioned the 2.6M trade after hours. It could be the last of the Amp $750k, but if it is, you've got to wonder why their lender didn't sell into the spike last week. May be they don't see it as their problem - just show us the money, we don't care how many shares it takes. It would be worse news if another ii has sold. Looks like nasdaq has reacted - 16% down . We could open sharply down tomorrow. Bluddy Hell, got any good news anyone?

as Sid cryptically points out there are at least 3 different lithium products that can be used in batteries. Lithium Chloride as well, i think. Check out the EMH board, they will tell you hydroxide is the way to go . At the moment a lot of Li carbonate is derived from spodumene mined in Australia and that goes into the chinese market. The geology dictates to a great extent which end product is made but there are still decisions to be made for the processing route. There will be a market for both Zinwald and Sonora Lithium, the most important thing, by far, is the finance

Yes fixed at 30M. I think we bought our half for 5M with the promise to spend another 5M on the feasibility study. If/when we default on our option then solarworld can have it for peppercorn 1E; but since solarworld are now bust I assume that right goes to their creditors (don't quote me on that last bit though).
Although Zinwald and Sonora are both Lithium mines they are very different and will produce a different product: Lithium Carbonate and Lithium Flouride which will go into different markets. That is the reasoning behind the spi-off plan

Endion, the exercise prices look good from the price we are now but this share was around 80p for ages and never seemed to move that's why they now seem a little OTT. I think that 130p clause was put in just before we got wind of the Next View finance package so there may have been some rumours of an approach at that time. When I first invested here part of the reason was because of director buys, all around 80p.
The Zinwald option is interesting. I thought it was a bit cheeky including it as an asset because to my mind we won't exercise the option. The option to buy the other half expires in Q3 but it is for 30M euros . We pay 30M euros to gain an asset valued at $150k? don't think so. Or is it we pay 30 to get an asset worth 30.15? It will be interesting to see who gains control of the other half, but I assume it will revert to solarworlds creditors and then be sold on(for less than 30M EUR).
The plan is to spin off Zinwald into its own company. I don't think anything will happen until the option has expired though.
Don't know if I've helped much, I'm afraid a good part of my strategy is gut feeling. Everything depends on finance. We have the asset, but without the finance it stays in the ground. Just recently we've had the buyout whispers as well. All in all, a good time to get in. GL

Nice info Ivy, appreciated. I will infer from those 2 RNS's that there will be news after the initial meeting that will give a good outline of what has happened; and that the true course of the drug and share price will be known from the beginning of May. Thanks

I did ask this question early this morning but it kind of got lost in the stampede:
Does anyone know the communications protocol after the fda meeting? Are Mtfb allowed to release a statement straight away or are they in a comms lockdown until the minutes arrive 30 days later?
Potentially we have a situation where the company knows what they have to do to market the drug but they can't tell anyone for 30 days, they can't talk to loan companies, jv partners, iis?
Can you imagine the sort of ramping , shorting, whispers and rumours that are going to happen? it will be a circus
Lets say its a labelling issue and they can get away with minimum finance. How can they sit on that information for 30 days?
anybody know anything about the protocol here?

''official meeting minutes received typically 30 days after meeting'' What is the communication protocol here. Are we able to notify the market what happened in the meeting straight away or are we effectively on comms lockdown until the official minutes have been received? thoughts/ knowledge anyone?

Amp have to sell $750k worth of mtfb shares in short order as directed by their lender. 2/3 of the sales go to the lender and 1/3 to Amp themselves because they're running on empty. At the moment they've sold in 2 tranches, total of $384k . My guess is that they will sell 2 more and hope that's enough to get them to an FDA response but its not Amps choice when to sell, its their lenders. On 30th sep Amps lender will call in their total loan - $4.1 M. At the moment Amp have about 20M shares left, will be about 16M once the $750 has cleared.
I've got no probs with Amp, They're in the same boat as a lot of us, hoping for a fair wind from the FDA.

quite positive/ neutral, would be my assessment as well. Salaries are still being deferred though by top management and until that flips around and we start paying back we are going to be in the same trading pattern.
Don't worry, market will soon spot good news here and if new contracts are announced this will spike again. Unless you are glued to the screen all the time you will have to set a limit sell to catch that spike though. good luck