The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I dont want a placing at least not anytime soon!! I’m saying they have done one twice before last FDA decisions and if it does go badly they hve no cash and no ability to raise so they are stuck between a Rock and a hard place really, that’s why I’m saying I’d prefer them to take the risk and not place and just continue not taking a salary
I really do hope the bod don’t do a placing atm, the market is terrible for fundraising for pharma and biotech as seen by the FAB placing last week, no salary and tight financial controls are needed the last thing we need here is a placing after a good bit of positive news flow last few months with the price up 100% from 1.6p
They must have a plan for raising money or not taking a salary, even if they did a small raise now say £500k it wouldn’t be the end of the world, if they are working for free atm I would like to see this continue until the end of the year and then take shares instead of a salary
The worst is yet to come!! Still £30m Mcap, no money, Kobold have obviously sacked Disko off completely or definitively for this year, huge bod salary’s which are absolutely disgraceful, infact I hope they don’t get any funding so the bod don’t get paid, they should be taking their salary as shares with this shocking performance, I’d be stunned if they get a placing away higher than 1.5p
Your right Pokerchips the news was expected and that’s why it was such an easy trade, buy at 2.6 and sell to others much higher it’s not rocket science, given it was a PRE IND meeting it was impossible for them to reject anything so was a risk free trade
Nothing will be happening at Disko this year I think that is clear for all to see! You need to start planning in early March is you want to drill in somewhere like Greenland, I’d be amazed if they get a placing away above 1.5p! The market is shocking for funding atm and everyone knows they are desperate for funds, shocking management and still £30m mcap ridiculous really should be around £10m based on performance
Yes your right Pokerchips it was a Pre IND meeting but an important first step, obviously they have to then go back and submit the actual study protocol for approval which will likely take a couple of months after they have included the guidance from the FDA so hopefully by August a full protocol will be submitted to FDA for approval then hopefully approved later this year
Will be intraday tomorrow or Thursday I assume, will definitely be an rns as they will be applying for orphan drug designation straight after the meeting if it’s positive, exciting at the prospect of having two phase 2/3 trials starting within months, both in multibillion dollar markets and one funded for $25m by our US partner Avion, who really have been very supportive throughout the last 3 years, don’t rule out a takeover by them at some point