RE: Hold your nerves14 Sep 2020 19:55
Shadow- totally agree!
The drop is artificial and has been accentuated by a few factors imo:
A) Gruffalo has been playing games with the share and in effect has weakened the price to suit.
B) people invested as usual with out doing a stitch of research and thought the results (keep in mind until end of June) that revenue was going to be £20m for the first six months of the year and we all knew that wasn't happening. We did however expect an increase in revenue and reduction in losses and we did! But people over look that!
C) people expected the share price to go up to 10p on Friday (it wasn't going to do that, on Friday anyway)
D) Mark Warne was a bit flat in his presentation and was acting cautiously as if this shares was on a serious stock exchange , such as Australia's and didn't provide the showmanship of an AIM CEO and as such people sell.
E) people don't invest in value and have no patience! They would rather chase rainbows in companies with no fundamentals and that are blatantly a lifestyle gig, because the CEO puts on a good show and promises his Mrs for them, knowing full well their promises sound good and will deal with not being able to deliver, later!
F) a lot of AIM people like to invest in sexy promises ("oh, we'll drill some holes and send some rocks off to the assay and you'll be rich in six weeks. Oh and we need £2m please to pay for a couple of holes").
G) People are magpies and would rather buy 20m shares in something shiny, not knowing that some of the more valuable things don't necessarily shine and glitter in the Sun, but ripen and mature with work and time.
Mark did drop some very big hints and if people couldn't be bothered to clock on then it's their loss.
Novartis is just the Start! Then wait and see big "P" and when the royalties start coming in this would then be a several hundred million pound company!
Watch this space!
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