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Agree TIL it would be nice to see a steady increase in positive news flow over the next week or so leading to Admission doc with completed SS Deal.
I would still like to see a partner involved in Niger
Hasn't been a directors buy for 3/4 years. £17k would get them a million at present
At 0.017 heand other directors could buy some shares instead of relying on options , iam sure they have some spare from there renumerations and it would be a welcome sign that may instill some much needed confidence.
Benn on this downward trend now for over 4 weeks, 2 of them since the placing , historically they don't tend to last as long as this (Hemo that is). Difference here we have Positives on our side.
FDA approval and Trials due to start in coming weeks months.
CBR Progressing well (though may be put on back burner to preserve funds for trial.
Probably seeking Grant funding for Trials (possibly upto $3.5m)
High chance we are considering interest of investment or licensing deals .
Its like catching a falling knife to call the bottom i know but main spread bet houses have no open shorts, it is nearly 20% below placing price. Very close to bottom now surely ?
You would notice if someone was buying for a takeover with 1.3B share in circulation.
Well it is showing 1.34b shares in issue so that includes placing shares, those who took part in placing and shorted will have closed there positions and i doubt if they paid 2p in a placing they are now selling at 1.75p so i suspect PI's who are just pi--ed off selling and moving on, saying more buys than sells so lets hope we can clear these sellers quickly and move into the 2's ahead of some much needed positive news. Please
Agree Hiki, was it really a great interview or was he telling people what they want to hear, nothing of substance and covering his a--e re any inplication of rigged placing.
Really hope he can pull a Rabbit out of the hat here and get big Pharma involved asap.
Not sure where increased volume will come from in the near term to give SP a boost.
100% Long on IG and Spreadex, sadly volume has fallen which won't help SP to rise.
If we they are producing and selling less, would we be paying less for the asset ?
RR Hopefully soon
ABUJA, March 8 (Reuters) - Foreign exchange inflows to Nigeria rose to $2.3 billion in February, the central bank said on Friday, fuelled by renewed interest from foreign investors and a rise in overseas remittances.
Africa's largest economy has been experiencing crippling dollar shortages that have pushed its naira currency to record lows in recent weeks and forced the central bank to devalue the naira twice in less than a year.
Central Bank of Nigeria (CBN) spokesperson Hakama Sidi Ali said foreign investors bought at least $1 billion of Nigerian assets last month, bringing total receipts of portfolio inflows to $2.3 billion. That compares with $3.9 billion for the whole of 2023.
CBN data also showed overseas remittances more than quadrupled to $1.3 billion in February, compared with $300 million a month earlier, Sidi Ali said in a statement.
"All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off," CBN Governor Olayemi Cardoso said in the statement.
The CBN's series of measures to boost forex liquidity include limiting how much banks can hold in foreign currency, capping their net open positions at 20% of shareholders' funds, and outlawing street-trading of foreign currency.
Higher forex inflows have continued in March, Sidi Ali said, driven by increased investor interest in short-term sovereign debt after the CBN hiked its key interest rate by 4 percentage points to 22.75%, the highest in around 17 years to tame soaring inflation.
At the CBN's Open Market Operation auction on March 6 when it sold securities worth 1.053 trillion naira, bids from foreign investors accounted for 79% of the total, or $530 million, Sidi Ali said.
All good , lets hope AK and Save haven't just been sitting on there ar--s regarding Niger as we have discussed on here many times we believe absolutely zilch for Niger is attributed in the SP, so positive news here will be a welcome tonic.
Not sure they have actually raised enough money to take them to the end of summer with everything else going on , CBR, CDX Trials late summer.
What do Prevail make of all this , basically a 9 month slip in timeline to what was suggested when they invested.
Not sure what those 12/13 mil trades were not sure they were shorts closing, who knows will we get a TR1 with II or potential takeover player taking 4/5%. I can live in hope.
Have these hit the market yet ?
Don't want to fester over the debacle that was the recent fundraise but surely news regarding actual start of trials must be imminent then surely this should allow some upward momentum in the SP We were over 3/3.5p before the slightest whiff of discouted raise. With FDA approval in the bag, the cash runway clear for several months and trials looming as well as advancement on CBR surely this is worth alot more than 1.8p Been buying last couple of days and will continue to do so at this level
He may not have finished buying yet ?
lets hope save haven't been sat on their ****s in niger as clearly cnpc haven't and we have made some progress since the last company update which seams like an absolute age now. £200m+ upfront payment for 50% share and possibly they even take operatorship. no excuses now as this was our original jewel and many of us have been here since it was all we had.
Genuinely believe the Nigerian govt are on the right path here, remember the £ coming under attack due to the incompetent Gordon Brown. 6 months from now the effect of the refinery will be very positive for the Naira and inflation will hopefully take a sharp turn to the downside the foreign reserve inflows and outflows should dramatically reverse in short time. technically the high inflation should have had a positive effect on gross sales.
Hopeing for a significan Save update in next 10 trading days.
Genuinely hoping for update within next 2 weeks as if it is after this i feel it is more likely to be extended again. If it goes on any longer Petronas will be paying us to take it off their hands ☺