Member Info for mcadder

Just had a scan through this mornings RNS - the grades there for gold and silver overall are excellent. Looks like we could have an awful lot of silver too.

"Average grades of vein material 1.57 g/t Au (range 0.003 - 21.17 g/t Au) and 327 g/t Ag (range 0.8 - 4988 g/t Ag).
· Average grades of altered wall rock 0.04 g/t Au (range 0.009 - 1.094 g/t Au) and 14.8 g/t Ag (range 0.4-103.00 g/t Ag)."

These 2 paragraphs are VERY interesting too in terms of vein material having been found and the fact that this maybe enough to provide a resource estimate....

"Vein material was identified in all but two of the heaps, with median grades of 1.57 g/t Au (with a range of 0.003 - 21.17 g/t Au) and 327 g/t Ag (with a range of 0.8 - 4988 g/t Ag). Altered granite occurs in all but two of the heaps, with median grades of 0.04 g/t Au (with a range of 0.009 - 1.094 g/t Au) and 14.8 g/t Ag (with a range of 0.4-103.00 g/t Ag)."

"These measurements are expected to provide sufficient information for completion of a resource estimate."

Of course it's a good thing I don't understand why anyone would think it's not....

"The options are for seven years and vest immediately with exercise subject to performance conditions being a minimum 50% uplift in the share price."

This post from EarlofAim yesterday highlights why I think we will see decent movement in the SP sooner rather than later. Lot's of near term catalysts to drive this much higher.
When you look at the SP over last 10-12 months since relisting with an 11p IPO there is potential to see this over 11p with the right news flow....

"10p IPO fell due to sellers and now the company is in better place than ipo with huge China deal.
Early Lung cancer detection is a game changer for the world Health let alone only China.
USA next deal coming out then,

NHS, and most likely India.

huge potential here, forget the Derampers making comments on placing.

they want cheaper entry.
Conduit pharmaceutical entered the company, holding 9% on Last Friday."

The reason this probably failed to take off is because of the presence of a certain JR on this bb last night making stupid SP predictions of 16p just because it was that price back in 2006 when there was only a fraction of shares we have today.
JR is a fantasy ramper always jumping on stocks when volume goes up. They are like the kiss of death with every stock they jump onto and probably sold out already. Did the same with ukog claiming the SP would open up on Mon at 11p because of the court ruling in their favour!
They've been ramping 3 other stocks today since boil earlier, complete tit!

But the good thing is if it's not their strategy to trade but hold long, then they clearly see this heading back to at least their now lower average and beyond. Based on their recent buying I suspect their average is now around £1.30-£1.40? So maybe there's a clue there?

I agree I don't think they are trading this either - doesn't seem to be their strategy. From previous RNS's since last August Polygon have steadily increased their position from 5% to over 22% today.

I think they'll keep buying and stop just shy of 30% imo

Yes I replied to you Doc I noticed it had gone too re Polygon

Doc - re my thought's on Polygon I always suspected they were adding since Monday's drop. I fully expect that while this remains below 50p that they are adding more as it's so cheap at the minute, especially given that there is still a bright future for SNG001 with options open to the bod even after Monday's results. The bod know it and Polygon know it...

Amazing how Rational-man can post such irrational tripe after our largest holder just declared adding from 18% to over 22%.

Shall we remember folk that this dived from £1.72p in one morning to initially 10-15p (although hardly anyone got to buy at that level) settling around 24-26p so the drop was way way overdone.

This has a LONG way to go back up and in the coming weeks will be back to 80-100p

They'll not be looking to sell any until after SNG001 is a success and by that time when the SP is north of £2, which would represent a great return for them.
Remember when people were touting £10? £20?
Well even if we were to lower those expectations to just get back to £2 on further positive developments with SNG001 that's still huge upside from this level and still a profit for many in at £1.70p levels

Another massive sign of confidence is that having looked back at all the Holdings RNS's from August 2021 onwards they have steadily increased, and increased and continued to do so.
Back in August they were at 5% and between then and beginning of Feb they had increased to 18%.
Despite the panic on Mon with the trial results they have increased a further 4%+ !
What is clear to me is that they will have sought assurances from the bod being by far the largest shareholders and probably concluded like many of us that there is still a bright future for SNG001.
Who knows, they may continue to add sub 50-60p but one thing's for certain - in the coming weeks this should be back to 80-100p without too much effort!

Great thing as well is that such a large holder like Polygon will likely have been in touch with the company since Mondays update and as a result of that were still happy to add more than 4% !!

Nice Holdings RNS now holding over 22%.

Sign of confidence, confirms what I thought they might have been doing over last couple of days :))

Finally turning here, will finish blue today

"Does Morag still bite fine?"

Attempting to be a joker isn't their strong point either Manifesto. Just another clown with a new account to join the long list of morons

"The math tells me"

No you are just simply telling yourself. We can all decide based on a set of figures what we think the value of a company is but still your conclusion is -

'as good as worthless'. Is that why you're here with a new account and a grand total of 2 posts eh? We can all see through your motives...

MrCosts - When the company have been through all the data I'm sure we'll hear something soon enough

Very sad to see the SP where it is

Bernie - stop being a moron

Before Monday's RNS the company had in excess of £25M in the bank but an Mcap of £350M or a SP of just over £1.72 ish, which meant £325M of the Mcap was attributed to the potential value of SNG001 in particular.
The company still has in excess of £25M in the bank but now an Mcap of just £50M or roughly 25p SP.
Despite Monday's results there is still hope that SNG001 could still be used and we await an update but just £25M of our Mcap is attributed to it right now. Hence there is significant upside potential from current levels

"If these results were tainted by steroids and other medications then there is still hope for Activ-2 as that's focused on pre-hospitalisation.”

Agree 100%

Considerable upside at current prices