Member Info for Leisurely

It’s 500 patients across all trials

So cash & inventory of £23m by my calculation leaving £22m value on future profits to get current market value. It does look like Ukraine production is slowly dwindling (as someone already pointed out) but even so, if market prices and caped stick around current level (a big if) then that’s £3.5m additional cash each quarter. That’s assuming production levels remain (unlikely given the trend). Not sure which way the shares will go to be honest.

Uk price * 8 * GBPUSD FX RATE = Us price

Roughly, they should stay in line.

Many stocks have been suffering the last few days so not really a shock this has gone down. Part of the drop may be due to the hint ceo gave that the merger could also be a good time to raise funds - that’d be a share dilution.

Well this is looking like an all too familiar story. Who says history doesn’t repeat itself.

Yes, dddd are issuing new shares to cover this. Effectively about one sixth share dilution on merger (in return dddd get the $14m cash balance in LOAC).

Has anyone worked out why this wasn’t traded on ASX during the last Oz business day (17th)? I read the RNS as it being suspended until the earlier of 17th or a deal being announced - well, the 17th trading day has passed in Oz but see no evidence of trading activity.

The directors aren’t buying shares. They are paying themselves in shares because the company has no money. It’s different.

I don’t get the complete cynicism you guys have. I’m up 50% over the last couple of months and I’m expecting to bag it and get out. It seems a reasonable company now with potentially good returns if they expand production a little further. There appears a lot of history and you’ve lost a lot but many here will be new and making money and with a medium term exit plan of only a few months they should do well. As long as other investors see your comments in the context of not successfully setting a stop loss historically then they won’t be put off investing short term.

Sorry $30 isn’t the starting point for cash flow positive. The aspiration if they increase production volumes is to get it down to $30. It is currently $40.

Actually, the $40 was the baseline for all-in production and admin costs on current production levels. So the $800k isn’t increased revenue it’s fairer to say it is increased profit before tax.

Things ticking along as expected; that’s what I take from the update. It’s still pretty early days for x518 and likely 3 years from market if all goes well. I’m staying with it though as there are many opportunities being followed. But don’t get over excited folks from this one rns.

Could be on the back of MVR announcing today a 50% increase in Napster listeners in 2020.

The disparity between the aim and Warsaw prices is bordering on market abuse. It really needs an RNS from the company to provide an explanation or to state they are unaware of any reason.

These appear to be the 55m warrants they subscribed to at 2p in rns on 27 Feb 2017.

They’ve said Q1. Just don’t think about it.

I’d have thought a short bit that’d mean they’re two weeks late reporting on short interest tracker.

I’m guessing the rise is following the PNPL rise yesterday.

Cant read the article but interesting that 98% voted for one of the three to join the board. At that level the main shareholders on the board already plus ceo can’t have objected. Implies they made an agreement in advance to keep the chairman in exchange for allowing the appointments to proceed.

I’m invested and personally pleased the fundraise was higher than my average. However there is something I don’t understand about the fundraise.

So a group of investors come to you, as ceo, and effectively say, give us 15% of company and we’ll give you 500k (so at current market value). It shows the investors have confidence in your strategy and business plan and that’s a good thing.

However, as ceo, you already have a business plan which didn’t include the need to have 500k right now. Your business plan is something you presumably also have confidence in and if it pans out then the share price will benefit; and when you do need more funding you’ll expect to raise it at a better price than is currently the case; and effectively raise 500k, if you need it, with lower dilution than 15%. So, as ceo, why would you have accepted this offer?