Yes you are right Crestex but after the RNS on 1st July, most here including myself anticipated a much quicker flash to bang time for an update on further progress. Hands numb from being sat on for so long!
RE: Is age of Directors becoming significant in relation to potential takeover20 Sep 2021 19:07
Decent observation Ben - CB is also at Jubilee Platinum. Age is less of a barrier these days and I should know!! Good day today with no drop - no “soft signal” mm’s wary of dropping sp. still think there is an iceberg trade in play although volume today was pretty average.
Looking at todays market cap of around £225m it does seem relatively cheap for what is in the pipeline. I can appreciate that the market is awaiting news but market caps are quite subjective at the best of times due to sp fluctuations in both directions. I have already speculated that an iceberg buy might be happening but that is pure conjecture on my part but the sp is reluctant to move up at the moment. I have also concluded that - with the sp at this level - it is unlikely that pi's will be able to buy transformational amounts of shares as that is quite expensive unless you are a HNWI. Conversely, with no news yet, the bigger players and institutions will be barred from buying due to their own investment rules and the lack of news. Bit of an impasse really as it becomes easier for LTH's to sell and take a sizeable chunk out which in turn probably leaves a surplus of shares for the mms. Fascinating watching this at the moment - Sareum are not far from transforming themselves completely.
I think the MMs (if it is them) would argue that they are doing their job and making a market. In recent weeks the soft signal from the mms is “no news” so sp was manipulated downwards. Held up so far today so maybe they are waiting for their market intelligence to signal news or lack of news. Pretty static at the moment. We are very close to news and they know it
I must confess that I thought we would have further news/update well before now. However, after having been in Sareum for over 10years, during which I have been derided, ridiculed and generally ignored by family and friends, a few weeks will not grind me down. They all got in eventually and even at this sp I can be smug and state I have had the last laugh. The icing on the cake would be to have life saving treatments available along with the ability to ease the suffering of individuals and families…Oh! And a further big increase in the sp. Sareum - Healing the world
It looks very positive to me with CB playing his cards close to his chest. It is clear that a well defined strategy is starting to be rolled out by the Board. The placing earlier this year is beginning to make sense. You cannot undiscover gold
Anyone else beginning to think that we have an iceberg trade going on? It is so noticeable that sp has not moved above 7p for quite some time and, when it does get to 7p quickly gets taken down again. It could be that a large buyer wants to stay under the radar. Just a thought with no evidence to support my thinking other than sp behaviour
It may be coincidental Elcap but, as you already know, Sareum used exactly the same phrase for the last HNWI leading to some on here speculating about peers and royalty. I for one would be extremely happy with such a backer. Is the £5m threshold another clue? Not sure if I am Hercule Poirot or Johnny English!!