Member Info for Lazarus2

It is about time we had a brokers note from PH. Their valuation of £3.04 is looking like no-man’s land. We have moved on since that valuation so it would be interesting to hear their view and an updated valuation (with caveats of course)

All good here Big Bear despite the conditional nature of the deal.

We even retain 10% of each Company just for signing the deal.

The appeal of revenue generation, increased m/c is all worth it IMO and will raise Rockfires profile enormously.

Oh! Don’t forget our other assets also - looking good here at last.

Now, where’s Whitesuitguy

Agreed Anti - I would not be surprised if the City spivs were frozen out by the BoD as they would have wanted a placing at a ridiculously low sp. What we have with RF is definitely necessary and without doubt is the most flexible option around.

You are full of carp Maj. There are an awful lot of buyers - like myself - who see the potential. Of course, we do not all have your inside "knowledge" do we. Neither are we professional short traders who are so professional that they behave like a complete worry wart and bed wetter and have to post negativity in order to reassure themselves. Sad or what!

It simply doesn’t matter Maj - we will continue to buy wherever the sp goes. The key phrase is Long term as opposed to short term. I know you get it but you just don’t acknowledge it.

Yes I get that Mathsprof. I'm afraid it is a case of "you pays your money, you takes your chance". The decision as to when to buy is completely yours and yours alone. I wouldn't be swayed by anyone on a chatboard. A key point is that nobody knows when RF will stop selling. Will they sell all or just slice 50%? Personally, I will add as and when and not sweat about the sp too much. You are absolutely correct in saying that it will not matter much in the long run if we achieve success.

you've dodged my question gunner. but i'll provide you with an answer to your question. the hnwi issue is a complete red herring. they are completely different animals to ordinary investors such as you and i. none of their purchases was notifiable via a tr-1 and they could have sold out at any time and nobody would know. they can offset losses against gains elsewhere so it often suits them to make a loss whereas that would be disastrous for most of us. you and i have absolutely no idea under what circumstances the hnwi's joined us nor as to who may have facilitated these actions.

with regards ph, we have absolutely no idea what may or may not be going on in the background and rightly so. you were also highly critical of the bod and shouting from the rooftops. the directors have quietly bought. if ph negotiate a deal i would imagine your opinion of them might alter. you also referred to the rest of us as gob****es in one post and seem to want "flash to bang" to be very quick. i think this is unrealistic. so apart from the money tree at the bottom of the garden, what would you have done?

Take your point but where else would you both have got funding from? To have a clear cash runway to end of Ph1b in 2024 is a bonus and also provides Sareum with a stronger negotiating position.

In terms of the deal itself - it is very clear that not all of the cash need be drawn down if it is not required. We will have to wait and see.

Generally, interest rates are high and funding is scarce for Companies such as Sareum due to no revenue stream.

I would make no apologies for asking the same question again - where would either of you get funding from and under what terms would you anticipate?

Easy to carp on but as I have often said “There is a large gulf between expectation and reality”

Thanks for the link Basser - PH working behind the scenes and, no doubt, a win for their clients. I have no problem with this personally as it is a win-win situation.

Agreed DrZed - the small tick up is welcome. Also, with this volume, it will be easy to spot the larger balancing sell if it is to come.

I think it was at 90p at the time of the transaction then was dropped an hour or so later

It won't raise the sp due to time of trade and the spread at that time. It's taken them a while to fill it. Still some good buying going on though.

Decent point Siennaj. I also happen to think that drops such as we have seen are orchestrated due to the fact that we oiks cannot be allowed to walk away with the prize money. Imagine if all 70m shares were in our grubby mitts and a T/O dropped at £20 per share. £1.4bn would be taken straight out of the Citys coffers. Hence shaking out as many of us as they can, as cheaply as they can, in order to control the money. Such an event would really damage Brokers collective wealth as, by law, they have to retain sufficient liquid assets to cover client investments. They have limited liability at the moment as the sp is low so not a problem to them.

Every day that passes sees us de-risk further. Parts2/3 of Ph1a is now underway after the successful recruitment phase. I have no doubt that RF will be selling but each day that passes takes a chunk out of their current position and moves us ever closer to a more realistic sp.

As a wider point, a lot of the AIM has been decimated this year. The old adage of “ Sell in May and go away. Come back again on St. Legers day” seems very apt and also indicates the cyclical nature of the stock market. St Legers Day is this month so who knows. We may see a decent uplift.

J’ave it!! Courtesy of jean smith a l’angleterre

And all for a Market Cap of just over £50m - irrespective of market mechanics!

Full ask just paid

It might pay a few on here to look back over the trading history and the route to T/O experienced by Sierra Oncology. I am struck by some uncanny parallels between Sareum and Sierra Oncology. Capital raise, plunging sp, etc: then the bigger boys started to buy in - presumably on leaked info in relation to GSK, and the rest is history. Nobody can forecast what will happen with Sareum or, how long it would take. Interesting comparison though.

It was just so obvious from the conversations you were having with yourself. So obvious that the FUD was aimed at a concerted attack. I don't do sp predictions as its a mugs game (20p-30p) but I can pick up on manipulation and insider dealing.

The drop, as predicted last night.