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The only thing that half tempted me to sell when the SP was going down was the risk of a discounted fundraise.
That risk has now gone. Not interested in hourly movements now - will hold as long as I need to until I get to my target.
The market will eventually take note of the value here.
With the removal of the risk that existed (a placing) I'm plenty happy just to sit and hold now until the market takes note - safe in the knowledge that there's no nasty surprise coming anytime soon.
Cannot last at .14 forever. Worth so much more.
I agree, watched the interview twice now. He does seem to tell us quite clearly what he know today - and the share price is nearly another 40% down from point the interview was made! The market is clearly spooked - for me it's very binary.
If the Force Majeure is enforceable, the company has six months (five remanining) to install the hydrosizer, UV sorters, and fix the bearings., putting the mine at 50% capacity immediately.. and potentially even look at other offtake/JV options in the meantime if CanMax can't be pacified in the interim.
If the FM is unenforceable, then things get messy and time becomes much less of a commodity.
All very interesting, but, for me... we are in the same position we were two days ago, and the SP is now a 1/4 what it was only a three weeks or so ago - £150m or so blown off the mcap!
Overreaction in my opinion - but who knows.
Positive RNS' in the coming days related to the hydrosizer, UV sorters, annual accounts, etc etc... the upside here is now too large to ignore.
I agree, GR sounded quite clear about his CanMax relationship - he made clear he wanted to keep them as a partner, but would not be strongarmed into a deal that wasn't in the shareholders., and didn't seem overly fussed discussing the matter - his body language was quite telling.. he didn't seem particularly flustered. I think he knows that CanMax were becoming difficult, and didn't like the FM being issued.
Also commented that Stark are running the plant, and must do so until the plant runs at a required output levels.
By the way, on the FM, GR said in the StockBox interview that they had seeked legal advice from two sets of attorneys in USA & Canada who both believe a legally enforceable FM has existed since May.
I'm in at these levels - don't forget we also have the yearly accounts expected to be posted by Friday.
A bit more DD required for me this morning, but on the face of it, buying at 1.3p and joining the placees seems like a decent risk/reward strategy
Oversold at this level imho - more like 1.8p fair value from what I can see with the level of dilution.
The circular is on the website.
Just been clearing out my drawers and found two share certificates from the good old days of the Tiziana/Accustem split.
I have a certificate from link group for 1158 shares in Accustem Sciences Limited, and a certificate from Accustem themselves for 57 "book entry" shares.
I think I'm right in saying the only shares with any value are the shares in ACUT? And given that 58 shares is worth about £70, it's hardly worth going through the hassle of getting them into my portfolio.
Can anyone shed any light? It's been a long time.
Hope there's a few of you celebrating tonight - 150p for me would represent fair value based on no further news.
75p hasn't even come close to tempting me (which is rare for me at 120% up)
For clarity, magmanus did call it around the 30p mark.
However they also called it at every stage before then too... As it dropped from the low 100's to 30.
Magnamus, what's your current average SP?
Looks very strong now at 50p
Wouldn't have thought we'll see sub-50 again now.
GL all
At the all the posts from last Friday when the share price was 60-70p .. the sentiment was much the same.. undervalued and due a reversal.
This could catch fire rapidly.
It "feels" like a big rise is coming, just like in Echo a few days ago
When the herd arrive they tend to arrive in their droves...
Diamond hands and all that - but 40p ish represents a massive discount still.
Anyone that got this at 29p yesterday could be looking at life changing gains.