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Is it just me or does it seem like Sareum is the only company in the bio/pharma industry that hasn't had a big rise?! It's crazy especially given the potential that we are told of. Do we think this will see a late rally or have we now missed the covid inflation train for this sector? I have a small holding here and really surprised there hasn't been a significant rise given what we know about potential alone . I imagine it's frustrating alot of long term holders seeing other stocks getting the rises and seeing SAR fairly stationary lackluster in comparison. I'm still confident in a deal but Tim really needs to be getting out there and create some visibility ...I remember seeing how long it took the website to be updated given in the midst of the pandemic and it's not what you would expect for a business who could easily take advantage of the situation to be doing . Hopefully good news comes our way soon...GLA
I have almost 500k shares and quite happy with my entry points.
The past 2 drills I believe I am right to say that both found oil which was not commercially viable which I thought was pretty unfortunate . This block is more profitable and you would have to think that this time they done their research. The whole process has been more shrewd by Bandy this time around and the latest RNS is also positive that they are looking at future projects also. It is worth noting they will need to raise cash for all this as they have done previously near expected drill dates. It's the best time for them to dilute as it won't impact shareholders too much at the higher share price and allows the company to raise funds...to be honest the placing will probably be as important if not more than the drill results themselves.
Once the news drops of the license approval,I imagine shares will get close to 2p and then retreat a little until the next announcement of intention to drill which will be within 2 weeks following license deal. This should bump the share price further up ..
That's how I see it going in the next few weeks but aim stocks have a habit of giving surprises!
I think recent changes to the current status of the license indicates positives that there is some movement going on ...I think it's more of a matter of when and not if. Obviously covid-19 has clearly caused delays but you would think it really has to be anytime soon. The share activity is very static which suggests that alot of people have already taken up positions or not prepared to sell at these levels given the pending news. The spread is still ridiculous but still even now is a great opportunity to buy in when the license news could drop anyday taking the share price to test the 2p levels on confirmation of license alone. As always do your own research and GLA
I also think today was a fairly decent hold as it's easy for a massive retrace once you big a large increase like what happened on Friday and great buying volume today also. Can't see us going lower from here now until license news
We just need the license now which could be any day and bump up the share price significantly . Once this is confirmed I believe we have a fairly short window for drill announcement which an RNS confirming this will again inflate the share price. I've seen it happen so many times before here. It's a great investment opportunity with very minimal risk at these levels . I will say though going on the earlier conversation that there definitely will be a placement at some point but won't happen until after drill announcement but expect dilution if you are holding on for a longer period.
40% increase showing ....still much more to go yet once license is confirmed it's still a multi bagger from these levels. This share historically has been leaky with news . The big buys and/or the strange 100 share sell yesterday and uptick could indicate somebody knows more than we do and it's good news! Either way, I still think it would be crazy to sell at this point . GLA. On news of license there will be more to come so I'm holding for now
That will be it! Already have holdings from low 40's and just taking up position now for the news. Did everyone see the reaction with Mossman energy?
I also use Halifax as a broker and got another top up buy at 49p before though it isn't showing on the trades for some reason yet. I've been on this share for years on and off and has a history of rising on news and great opportunity for a rise here with the license news imminent . At this price it is just cash in bank so massive upside from here