Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Sacking the founder, chief technical office and brains behind the business, as we're about to bring the technology to production and hopefully to sale would be madness.
We don't know the details of how this has come about, so there needs to be time for a proper investigation and some careful consideration of the consequences before any action is taken.
It should be proportionate but not destructive to the business.
We are close to a transformative period, let's not throw the baby out with the bathwater.
Sadly, this has now become a meme stock traders share.
A great opportunity to make a quick 10% in a day if you have time to sit in front of a screen all day.
I don't so as a LTH I'll sit back and wait for Q3 and the inevitable good news and permanent rise that will result.
Stay strong LTHs our day will come, in Lorna we believe.
My 2p.
Firstly, I'm impressed by the BOD and Lorna in particular, a good measured approach, overcoming set backs and getting the job done.
Secondly, over expectation, of price rises, this is not the first drill, with all the trading games this is not going to multi bag until the viability and size of the resource is known. Too many PI's talking of derisking and selling out because they haven't made the quick buck they expected.
Personally, I'm in until either noncommercial or viability established and the big boys/girls move in for buy out or JV.
Bwahaha, I normally don't post on bbs but this is well entertaining. The poor old derampers are in overdrive trying everything to rubbish today's news.
In Lorna speak she's well happy, getting the job done in her own understated way.
Sorry derampers you've got a busy day peeing on this bonfire.
I've been negative on this stock for a long time, in fact quite a lot negative.
I bought in largely based on Thoth's posting, the HNWI's buying in and a chunk of research into what Sareum are hoping to achieve. It's a rocky road for sure, however nothing so far has led me to believe that it won't come good in the end, maybe not for a year or so or maybe tomorrow if a big pharma decides they can't wait.
I see this deal as a pragmatic choice to fund phase 1a and Phase 1b (if necessay), why would a finance company or Sareum's directors do the deal if there wasn't a long term gain. The price might go down in the short term (nothing new there) however, in the long term we are now funded to the point where we will hopefully have a safe working treatment for psoriasis and possibly a lot more other illnesses.
Good luck to the rest of the LTHs, we sit and wait as ever, one day, our day will come, fingers still tightly crossed.
Hi All, trying to work out timescales.
I've read through this:
https://www.anzctr.org.au/Trial/Registration/TrialReview.aspx?id=385555&showHistory=true&isReview=true
It says:
Date of last enrolement - 07/05/2024
Date of last data collection - 04/06/2024
Do we have 11 months wait? Or has the trial already started?
As far as I can work out it's approx 15 days for part 1, then 24 days for part 2.
Then I guess a little while to crunch the data.
737 was never part of GSK's plans. They made it clear what they wanted when they bought Sierra and 737 was never mentioned.
The only people talking about it was this board, likewise a take over, just wishful thinking by some of the dreamers on here.
I took a profit on a mining share and bought another 1300 SAR this morning. 737 has never factored in my thoughts as it doesn't belong to SAR, it was always going to be a nice bit on the side if it happened.
I thought it was a fairly positive RNS.
Got to the bottom, saw shows, traps and learnt the geology. Exactly what you'd expect from an exploratory drill
Now they know what they're dealing with I expect drill 2 out of 4 to be an improvement.
If they've not succeeded by 4 of 4 then it's a failure, time to cut my losses.
Some very funny schadenfreude posts this morning. Especially as the price has bounced back. Crack on keyboard cowboys.
Afternoon all, long term holder and lurked here.
If my memory serves me correctly (not always a sound assumption) Mitchell brought a bigger rig than expected (6") which is ok for appraisal.
If that is the case then maybe they're doing that at the same, which would explain the delay.
Other wild theories are available.
I hope I'm right but anyway happy to hold as I have faith in DM to be doing whatever's best, even moreso as he stands to gain a lot as well if it's all successful.
GLA