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I'm thinking that there are a few RF shares left and the mm's have let the shareprice rise this morning before resuming selling and giving the impression that we are running out of steam in order to encourage further selling. Don't be taken in by this. Not long to go though
The research on this board is second to none and is a major confidence boost to those of us believing in the future of Sareum.
Stars and ducks are aligning I feel and, irrespective of market shenanigans, true value will eventually be established. Thank you all for sharing.
Morning Matty - there are proven dealmakers on the Sareum BoD and all Board members are well connected and well respected within the industry. Before a deal can be struck, they have to be able to sit down with something meaningful in order to negotiate. As has been previously mentioned, we are getting ourselves into a really good position. Also, it is worth pointing out that there is an upside to the much maligned "Consolidation". There are very few shares in circulation as a result of consolidation and the sp can be expected to climb quite sharply on increased demand. Good luck
The Risk/Reward pendulum has swung increasingly towards "Reward" during the current trial progress. There is no adverse comments and the RNS news consistently point towards this phase being successful. RF will be out soon unless they exercise their warrants - It will be interesting to see whether they are immediately sold down or held as an investment. Having successfully navigated the financial hurdles, nothing is in the way of positive updates and newsflow. You will have to decide for yourselves in which direction you think the sp will go.
Spot on Bigeasy. IG is attempting to create FUD as he knows that RF selling alone will not feed a short position and needs other sells to take it lower.
Hi number of posts are immaterial - read the content. Recent uber ramping on GCM has been a damp squib to date. It doesn't take a genius to work out that, with RF sustained selling, the sp will drop. But how long for? - not too long I would guess.
It is what it is and RF will be clear soon other than for Warrants. Where will it go once we have clear skies?
IG - who do you work for.. oh hang on… that’s a very large portfolio and lots of your GCM predictions haven’t come to pass.
Fine that you express your opinion but forgive us if we just follow the news and the science. Thanks though
Morning HBD - The final tranche of shares hit the market on Friday but I am quite sure that the market is able to control the sp whilst some remain - I think this is currently the case. The warrants are not an unusual event so I do not think it would put any prospective partner off and nor would this final tranche as everything is enshrined in contract and will not vary. Therefore it is a known liability.
My own opinion is that the safety data requires publication as any would be suitor has a duty of care towards their own shareholders so would be ill-advised to enter into an agreement before the data is published. Just my own opinion of course and I would like to see a "completion of trial" RNS from Sareum with no adverse events identified subject to confirmation and publication
I don't agree Nicely. The open was particularly obvious as is the decline. Yes it is sells from RF shares being trickled through on a forward selling basis I would bet. My point is why open at 38p? I am sure you know as well as I do
It seems that this morning is another prime example of manipulation with the sp being opened at an unrealistic and unsustainable price of around 38p - leaving a significant gap between last nights close and this mornings open. As a result, the MMs have been able to present a declining sp this morning. I suspect they are also forward selling RF shares on a trickle basis. Whatever the case those shares will disappear and the sp will rebound.
We reached 28p before dropping back courtesy of RF and looks like the pattern is repeating itself. Less shares though. Still all good here and we are not that far underwater from last nights close.
Yep - It was overpriced and market cap at that time was unrealistic with no revenue stream and very little cash. However, we are, potentially, getting into a much stronger position. I agree that we should be back up to over £1 but there will be investors selling out on the way up.
All good though and looking forward to news.