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So this is turning into another AIM dog.
Not long until we get some numbers to chew on. Clearly NCCL want to get them out asap but need to respect the sensitivities around releasing info whilst negotiations continue with the Moz Gov Authorities.
Not long now though, every day is a day closer. Expect this to rise in to the 8's in anticipation of the tariff numbers agreement.
My view is this is finally the point when the SP moves towards its true value, my resons for this are as follows;
1 - Most Competitive tariff to date submitted. If the previous ones were agreed in principle I'd expect this to be routine.
2 - 3 month allowed for agreement, can't see this given the GOV want to get this cracked on ASAP. expect swift agreement and movement onto PPA
3 - PPA is key milestone for institutional investors. Watch them pile in once the numbers are released. With an already small nr of shares in the market this will rocket.
4 - So far this share has been overly affected by PI's, where as once the II's are here it will not drift back down again.
5 - Once tariff agreed, PPA in place the company agree's subscription fee and historic costs, then banks finance is agreed and boosh this rockets.
In my view if you buy now at the current share price you will see incredible gains consistently going forward.
Good luck
I think we will have tariff agreement and PPA in next few month,
Cant see that until it is agreed, imagine it will be commercially sensitive until then.
Seems Mr Fletcher is buying again in the back ground.
For once one of these AIM companies would deliver on their promises. Time after time after time again they always fail to achieve deadlines no wonder people trade as it is the only way to be certain of banking profit because tomorrow it will be gone. Ffs
This is going to BLOW. best stock on market to buy IMO, short term gains look huge.
where is the news from yesterday?
It said it is for general working capital, which probably means overheads and other administrative procedural costs associated to what they're doing.
Interesting to watch the US pre-open.
Once people see this it will rocket, mid-day RNS at dinner time will catch many out.
What a deal, and it isn't even the main priority for the Company!!
"Under the terms of the License Agreement, Oncologie will receive an exclusive worldwide license to develop and commercialize navicixizumab. Mereo will receive an upfront payment of $4 million with an additional payment of $2 million conditional on a CMC (Chemistry, Manufacturing and Controls) milestone. Oncologie will be responsible for all future research, development and commercialization of navicixizumab. Additionally, Mereo will be eligible to receive up to $300 million in future clinical, regulatory and commercial milestones, tiered royalties ranging from the mid-single-digit to sub-teen percentages on global annual net sales of navicixizumab, as well as a negotiated percentage of sublicensing revenues from certain sublicensees"
Nice
Bottom is in. Pick up a few at this level should pay handsomely when news lands.
I'm baffled, how doesn't the share price go up given the relentless buying?
Can't buy anything at present, so I've set a small limit order, lets see if it can get filled. Not a massive holding for the moment as I'm not 100% confident on the expectations. However it seems possible so just a punt for me. Anyone know of any other similar examples where this situation has occurred?
Suppose (if they get accepted into the HKEX) Its all down to the SP valuation on the HKEX now. ..... the financial guys are bent as a dogs hind leg in HK so hopefully it will open at 20p!!
So you're relying on HKEX floating these at 11p (equivalent) based on current fundamentals?
PE Ratio certainly supports it being undervalued compared to its market sector.
Always best to understand the science behind shate price projections otherwise it's just people shouting BOOM without any real idea what us happening or going to happen.
Has any of the lots of people whom have researched this got any views?