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This could be a big day and the volume seems to be in place to support. Around 2pm yesterday we were still pausing for breath, but really kicking on now. Panic sellers when SP minus 10% day after Fosun news may be kicking themselves; that said still on a knife edge here to an extent and poor retinal update towards end of this month would hit hard. But if next update is good...... I'm holding long and strong.
lack of rise probably linked to the Aussies
Agreed. I said earlier today when SP was 9.5% down and hearts were a-fluttering that we would end up close to level and proved to be the case. A pause before the next leg up.
Familiar pattern and nothing to be too concerned about. This has risen over 400% - profit taking will continue along the way. I expect we get back close to even by the bell; possibly a flat day tomorrow and then we can start to look up again as the week draws to a close. Straight lines etc
it's been a measured rise; up for a couple of days, pause, some sells, then back up again. No crazy spikes of 100% percent with hundreds upon hundreds of bb posts. There is real substance behind the rise. Presentation at 15;30 today is timing gold potentially
The deal will alert other markets to possibilities and the option of a full take over (rather than being obsolete....) remains a more likely scenario
Thanks RB - great to get perspective from all sides (and not just euphoria). The deal is for China only remember, and whilst this is a big market, its not all of the market. Fosun will fully fund in China from now and given their stature and size the chunk of fees due to rene may be large. Mcap still comparatively low here
Pope - 'F break even'.. well, quite! ;)
I suspect I'm now a member of a rapidly expanding 'break even' club (£2.05 ave). Mid February this was 47.5p and I was looking at +400% simply to break even. Madness.
I think now is the time for Freddie to reappear on the board - he can no longer jinx the SP by his appearance; the RNS has seen to that. Also a touch of schadenfreude with regards PurpleAckey who did his best to destroy Freddie and others and a mounted a sustained paid campaign to deramp the share.
The trend is our friend
A remarkable day really. To increase 27% from 121p is quite something given where we were just a couple of weeks ago. No apparent PI frenzy driving this either and there is huge buying going on ( and also some healthy sells to help avoid boom and bust type spike). Where to next Rene?
Shares never go up in a straight line and the fact we paused for breath over the last 2 days without much fall back is highly encouraging. Is this rise solely off the back of encouraging retinal results? Or are there other things happening in the background..... big pharma?
Looks like a spot of profit taking currently. No surprise given gains
consistently towards the top end of the risers board as well at the moment. Bound to be more and more people looking in and realising the potential here. A short media statement by Woody extolling the potential would be a good brucey bonus right now and add another 25%.
This is exciting stuff. 6 weeks ago 47.5p. Surely stake building going on.
Not something you might have said (or dared hope for) as recently as even one month ago drax! And todays rally seems to be continuing. My ave is £2.05 and like you I'm loath to chase bad investments - glimmer of hope here however
I'm sure Freddieboy is watching from the side-lines, perhaps he thinks he will jinx things if he reappears! That fud ackey has gone quiet as well - possibly aiming his poison elsewhere now given all the crap he spouted is proving to be completely wrong. He is totally discredited here. Fact.
Perhaps a growing awareness in the market of RENE's pipeline - triggered by the retinal outputs? Guesswork really, but I'm not complaining!
haha - hopefully they aren't needy and will let this run for a bit!