Member Info for mcsquares

confirmation of community transmission in the UK

1.50 here we come

Think those interested in buying just played a blinder. With the SP dropping nearly 50%, the price needed to buy has decreased substantially. Hopefully the drop will bring forward an offer and ultimately drag in counter offers. 50p target price looks stretched now. 35p could be the upper limit. (Cheaper now for Samsung to buy out the company rather than mess about with the court case)

Just highlighted the problem with the testing that it is going on. Positive tests maybe for the various strands of different Flu viruses and not Covid 19

On this basis and given that Novacyt 's tests does identify the strand then surely the order book will burst higher soon enough.

https://www.telegraph.co.uk/business/2019/11/30/red-tape-forces-goldman-sachs-stifle-retail-bank-marcus/

Is this the first move by the US banks to capture Metro.

Has JP Morgan's announcement of its intention to enter the UK retail banking market forced Goldman to step it up.

Some craic if a TRI that JP Morgan bought a holding?

Shorters will be reviewing their strategy I think

Schroder
Miton
AXA
et al have one thing in common. None of them want to have this on their list of holdings when the time comes for the quarterly factsheet. 90% down does not look good. Additionally the market cap has fallen to a level that their risk management team will have given the order to dump at any price.

The good news to date is that their has been plenty of interest in picking up the stock that they are selling.

The TR1 notice that I am looking forward too is the one that tells me who has been building the stake

Bad time for bad news but if anything this accelerates the take out. Unfortunately the price wont be £4/5. It will be an opportunistic £3/£3.5

GLA

Ever since Blackrock announced a strategic re-positioning of its investment policy to Socially Responsibly and Sustainable companies, I started building a list of UK companies that will undoubtedly benefit from the direction of travel of the wider asset management industry. With a 5 year view on investment I have selected 10 companies and put £10K in each.

Needless to day BMN is on the list

I suggest most look at their strategy and think future proofing

Could it be possible that the bank facilitated an off market transaction that allowed MW to cover its short (for a nice fee)

I hope Shetty has been refilling his boots like the rest of us.

Quite a few stake building post the spike last week. Large buys are certainly underpinning the post placing price. Steady creep higher in the coming months.

As Oilman Jim rightly alluded to earlier in the week - a placing to raise the £500K to fulfil the companies obligations at Chuditch. That has come to pass and unfortunately the board have tagged extra funds for Peru later in the year.

The Tranche 1 (maximum shares allowed to be issued without GM) will yield the company £735K. With cash at hand the company should have roughly £1m in the pot. Why dilute to such an extent at an awful Level for activities at the end of the year. Why not hold back to late in the summer and see how things go at Chuditch. Maybe positive newsflow will underpin a higher share price and prove less dilutive later in the year. Instead of taking shares in Tranche 2 -take them in Tranche 1 and award a few warrants as a kicker, show confidence in the company that will help elevate the share price

Rather than place for tranche 2 activities now- offer it up for subscription with warrants to investors and make it more inclusive and attractive.

nothing wrong with that as long as most know his position.

Last week he was shouting 3p this is massive, as it slowed down he tempered his enthusiasm and committed to a 1p target.

Once he realised his position was slipping he bailed and either started shorting (which I doubt) or simply wants to promote himself as knowledgeable. As the price slipped and the placing announced, he has been afforded the opportunity to gloat. I assume he now has an entry level that he is looking for and will spend the weekend torturing the rest of the board in the hope of achieving it.

Good luck Shed, I am sure you have a busy weekend ahead throwing out 1 line comments about worthless assets

You are sounding like a broken record with your March placing.

Cash is raised and the assets are currently be viewed as worthless.

At this price post placing the risk/reward is to the upside.

The placing shares have been forward sold post the spike. We are now left with the trading game. Do I see .25p int he short term - yes

You call your price, i'll call mine and the book is open.

floating around this evening encouraging those in the hole to part with the share.

There strategy is self serving and they will be buying them off you - As Big Ask said - they made the money on the way up, the way down and now they are getting ready for the next bounce to .20

These insightful guys only appear after the bad news pushing the sentiment further down - they are bottom traders looking for a trade/

Don't get emotional - just trade like them

Good luck

has quietened down enough today to get a decent buy in. After the volatility of the last week and the huge spike the price with the help of our in-house seller has got back to a level where I am comfortable adding more. Its easier to add when the flippers have given up hope to chase elsewhere.

Good luck

just stated that they have no confidence in the numbers coming out of China

In layman terms and even after last nights revisions they are saying

The figures are multiples of the reported stats and we have people on the inside who are feeding us the correct information.

Need to hear where we are with the regulatory bodies

Sealing up residential buildings and controlling movement of people. Surely this is a month late?

9:36 am: China’s Huanggang to seal apartments as it tightens virus control measures
China’s city of Huanggang, near the epicentre of the outbreak of the coronavirus, said that starting from Friday it would tighten epidemic control measures including sealing residential complexes and only allowing essential vehicles on roads. Food and the delivery of other essential goods will be arranged by designated personnel, the city said in a statement. — Reuters

The spread of this is only beginning

Fishing for traders. I like the new shape of the company and as already stated a steady stream of contracts and revenue announcements should see the Share price track nicely to the 1p level.

Happy holding this one

Chatter about the need for New York to start ordering kits in preparation for the obvious

FDA approval will be a huge catalyst

Maybe now the figures released will wake those responsible for securing tests up.

China figures are still being massaged - hopefully no other countries are doing the same.

Statutory agencies need to start announcing approvals of testing kits to get the public’s confidence

Trajectory is only higher for the share price

Its in the UK and that's enough for demand for test kits to rise exponentially here. Fear and suspicion will grow as the the number of cases confirmed grows.

I am reading commentary on sections of twitter in the drop in diagnosed cases in China. Lets not be fooled by the propaganda. This is due to lack of testing and not some fairytale about control of the disease. The government in the UK need to be upfront and not get into the Chinese cycle of news manipulation. Show the country you are prepared and act quickly