If the road is easy, you are probably going the wrong way.1 Dec 2020 17:53
I first invested in Synairgen in March a few days before we featured on Panorama. Excitement was in the air. SNG001 was going to change the world. The share price lifted to almost 80p and I thought I’d picked a winner and picked it early.
Fast forward 3 months and I had lost half my investment on paper. The most alarming thing was not the wave of doom mongers, but when the board fell almost silent.
Having touched 80p synairgen had retraced to 27p at its lowest. I remember thinking to myself, could the market really be that short sighted; that wrong. And in such a short space of time. The answer, unequivocally yes.
I learned on that magic Monday, just how fickle AIM can be.
I stayed with Synairgen then, for the same reasons I will now. Those reasons are:
1. I believe that the science. I won’t waste everyone’s time repeating that which more intelligent people have written before me. However, if you have any doubt, watch Jan’s section of the NIHR presentation from yesterday. (I believe the slides are on Reddit too).
2. I believe that the market wants our product. No one is going to convince me that a vaccine against a virus removes the need for a treatment. There will be those unvaccinated, those unable to be vaccinated and those for whom the vaccine does not work. What’s more, I personally believe the virus will mutate in evolutionary response to the production of a vaccine. I am happy this share works as a covid play with the enormous potential upside of its role as a broad spectrum anti viral.
3. I have grown to believe in RM and SH. While some things have take a little longer than promised, in my eyes RM has always come through. We do not know what has happened behind closed doors and so are simply left with the choice, trust him based on previous performance or do not.
I am in. And I will be until I see evidence to change path. I welcome constructive comments!
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