Member Info for NicetoMichu

CMS medical ventures were not buying this morning ? .. as has been discussed already here today

This is very strange stuff in a lot of ways.

The closing price is 16.5p not 18.5p i think ??
(Which is awful and so cheap shares being bought or not still up in the air)

The RNS was released by mtph at 4.04 pm

Yet the big fall to 15p seems a half an hour before that on the intra day chart.. if I've got that right..

I first thought that fall was something to do with the .0167 block price that Linkfund noted as their average price but it seems rumour of this letter got out this afternoon to cause the fall..

Mtph released the RNS in reaction to a rumour dragging down share price.. but the response was being drafted all through today I guess..as the letter was received last night..
(and dated 5th June)

for that letter to be sent /arrive at this time of huge transfers of share ownerships here is very strange..

and for Linkfund to notify sell out completely just before the RNS is strange too..

and the basis of Secura bio case seems extremely weak too.. (to the extent that I even wonder if the letter isn't even actually from them.. but instead some fraudulent third party proporting to be them )

There are A LOT of strange things going on here altogether.. I'm taken aback by all this not least the hit to my p&L .. so far … but it may rally somewhat tomorrow

damn...I'm down a bunch of money too .. its back at 18/19 p now.. I think I get whats happening here now.. i'll message after market closes ..sorry if anything I posted was misleading... it defo. wasnt intentional

oh my goodness.. no... I don't believe this

this is a traders stock I'd agree Andrew.. but not a traders dream, til now at least, i'd offer.. but maybe it will as you say be a traders dream at some stage in the future ..assuming Mr Colin Bird stops hogging all the dreaming here sometime...

there are a lot of moving parts here .. and continually more as we go if Mr Bird continues his quest for world domination of copper.. and that makes predicting anything here hard.. and traders may shy away from such randomness/unpredictability..

The most predicable thing here to me: Mr Colin Bird is chasing the cuffn' big dream.. and how that plays out nobody, including perhaps Mr Colin Bird himself, has a - Mr - Dicky Bird...

thanks Viveka, You're the top man here imho..
(and I even include versus Haso in that :-)...speaking of... if this goes past 27p i'll guess he'll be back.. to teach us all how to make money ..what a treat that would be..)

is the seller gone ?... or gone to lunch ?

many twists and turns to come here yet no doubt... and you certainly can't be sure of anything in terms of s/p movements in any timeframes here, I'd offer .. good news on the low hanging Manica 'ard rock progress could come soon and help this rally for eg .. or any news in coming weeks that makes Fairbride 'ard seem more likely to go live on time could help this rally well from here .. but this could indeed fall further too ....fairbride 'ard looking less likely to be on time for eg .. and what you especially wouldn't want is this to move on down to the 1p area and around that time the one and only Mr Colin Bird do a discounted raise for funding the copper mines progression....

Generally, I hope to build out to at least a medium sized position here over the next 6 months but currently feel in no rush in doing that.. but that feeling could change quickly...I also feel there's a small chance I could even get my average price down here in that process...that would certainly encourage me to buy back more again here .. but I hope for the rest of you long sufferers that I don't get to bring my average down here..

(I'm now well up in my total betting journey here and so expect to see this xtr 'journey' differently going forward.. indeed I feel I can enjoy the Mr Colin Bird entertainment value fully for the first time now.. btw I have my worries on other stocks don't fear.. eg getting smashed on a Nigerian focused Oiler that is my biggest bet.. so AIM remains a cesspit for me, lest you think I'm getting too smug.. )

alas the selling has kicked in now.. a pity.. I guessed as much yesterday and sold a third of my holding at a bit over 1p..banking some profits in this game through trading can be important .. I might sell one more small tranche too as my b/e is in early .80's

Generally, I like to play the trading game for a chuck of my holding in stocks like this.. but I always keep a core holding alongside too that's not traded.. and I'd now be very keen to add back here while bringing my average down.. so under .80p and I'm a buyer again..

For longtermers here recent movements either way is just noise I guess and you're just waiting/looking for that big RNS.. (October -2020- remains my guessed date for it)

Sliverknight, Mtph will survive for at least another year plus and maybe/probaly much longer if it wants to.. it could even rebirth itself successfully from here if for eg Dr Reddy's like its delivery technology.. and/or MTD 201 is taken forward by/with a partner.. and/or MTX101 progresses well in latest trails ... etc... but it may want to sell itself entirely asap for the right price.. which should be fine by you too as its not going to chose to do an outright sale for anything like the current 23p.. (all imho)

There are large seller(s) and large buyer(s) in play here recently.. especially very recently... hence the gyratory up and down movements and meaningful volume going through.I thought the buyers would have won out by now and this share rallied higher already.. but alas not so far at least.. obviously if its a case of plenty further large selling including keeping selling at whatever price this s/p can of course go further down from here too.. very hopefully that's not the case though.

Ps; Viveka ..after another look through those 8.3's just now, I do now believe Armistice took part in the latest raise here.. 651,,000 ADR's taken up ?...and still they sold heavily around that time and after that raise participation, including maybe last week and this week too .. from their original holdings at least... (may of course be other size seller(s) recently too.. could be all sorts.. eg Spreadex client(s) dumping CFD shares they recently bought or other PI's who from those 8.3's bought in good size in May /June ..Woodford Blackrock holding even.. etc.,. need more 8.3 RNs's to see ) ALL THIS IS BEST GUESStimates on my part ..and apols. if way off and happy to stand corrected etc..

Indeed Viveka.. and I've miss your posts since the last one

So these holding RNS's today confirm that the biggest two holders are not doing the selling recently.. but there is a lot of selling.. and it doesn't seem to have finished yesterday, even including those big prints .. and in fairness a lot of buying too, thankfully

I keenly await the next RNS's to help me figure things out better..I've had a look at all the 8.3's posted and am pretty confused still alas..

but my GUESStimate is Armistice have been selling heavily... and I was expecting them to be out of ammo even end last week.. as in recent RNS a fair few days back they were showing under 1% of co. left....but maybe that was one of their funds only and they had more in another fund and they're selling that out in recent days? (9.8 per cent of co. held by them pre latest raise but that would be diluted down decently by this latest raise , if they didn't participate in it.. I'm guessing they didn't but have a slight question mark on that guess ?)

If it's not Armistice still selling, it could be either the latest raise participants dumping - - why already and at a loss - or Woodford shares dumping..is what comes to my mind as possible additional size sellers?

alternatively, its neither CMS or A&B selling or buying.. both just restating their existing position as a revised per cent of total shares in issue, after the recent raise here pushed the total shares in issue decently up

Following on from buyhighsellos fine post.. I'm now wondering if maybe in the background that $15.8m was agreed between Save management and the Nigerian Gov. as the minimum amount payable from o/s debts by Calabar to Save.l required or achievable at this June 2020 time.. and the notice of non payment is helpful to the Nigerian government to allow them prioritise payment of this amount over other o/s invoices the government is generally liable for ( ie they say they can't have that World Bank Partial Risk guarantee invoked as there would be serious macro implications for the country if it was and so this $15.8 must be paid as a highest priority thing immediately ) And whatever other amounts are owed and overdue to Save.l from Calabar will be addressed at later date(s)

the $65 m for an overall total o/s from months along the lines of March to Sept 2019 - i'd have to check the exact dates but I'm in the ball park there - Zengas.. so while I get 4 month lag on this notice.. I'm not so clear on 4 month lag on that notice..

...and they haven't invoked the guarantee off the back of those 2019 o/s debts so far..

Including good buying activity this afternoon, I'd have hoped for a good rally.. but every little helps I guess..

I'm still left wondering if more meaningful selling still to come .. I very much hope not, of course..

although it now dawns on me longshort could be including the $65m o/s from 2019 in that $100m mentioned number below.. that was o/s 6 months ago too.. albeit it was for invoices from a period earlier in 2019 ... $100m altogether o/s possible in that context I'd accept could be tallied with known overall figures banked

interesting find Porsche fund .. thanks... and raises questions for sure.. .. one of which is why only request repayment for Jan specifically at end of May.. if anything o/s for Feb/March/April - 30 days credit seems to be the terms to Calibar from this article - why not include request for those too ?

Also we know save.l have been paid 'a lot' generally across all debtors in early part of this year already, from what they've already told us pretty recently on banked monies.. tallying amounts banked already with the $100m could be o/s longshort refers to below would be very hard to do for eg ?

that's some sale for one sale alright CAR3Y .. ouch.. but to have a buyer to take that on - MM are only middlemen for such big transactions after all - is encouraging, at least..

maybe it is seller out.. but can't tell that clearly for a while yet i'd offer

such occurrences are generally an II that has made up their mind to dump a while back and is just selling as much as it can at whatever price. over whatever timeframes it takes... Remember what L&G - I think - did here back in the day to smash this s/p down to approx. 5p - ? I think - old money

(My guess is someone in here for MTD201 only has thrown in the towel now that's on hold. Although, for such very big size, those Woodford in Blackrocks ? hands could be a possibility too .. RNS's will tell soon )

Well TimmyT, I'd have been with you on US open helping this s/p today.. but it's amazingly gone further down around US open ....

I've been involved in mtph for years now and so it takes a lot to shock me here .. but 10% down as I type from already very low s//p levels has me shocked here..

There's clearly an aggressive seller whatever type out there..

a shame as today's RNS shows a bunch of potential to be... it's a free hit with a big hitter, that has a chance of making good money for mtph in due course.. they're not going to trial mtph delivery solutions unless they believe there's genuine potential in them at least ...

For all we know AK might be handling this company operationally well or very well... and debtors might be paying bills owing to SAVE appropriately too.. indeed from financial info. recently released on banked revenues and production levels actually achieved/taken up the afore statement are potentially very reasonable ones in my mind.

Granted, what we do need is more transparency so we fully understand the current picture

And Macro stuff is still a worry, but a lot less so now than even a month ago I'd offer, hence why many O&G'ers are rallying well recently for eg

To me that soon upcoming financial update will go a long way towards giving comprehensive transparency here and the video conference AGM will help somewhat more at least too.

And now we have to have a separate meeting specifically to present the audited accounts, we will get more transparency again than we might otherwise have on those too then.

Generally, the financial position here is the same today as it was on Friday.. and so todays s/p movement is borne out of frustration and negative guesswork more than factual information imho.. that said, absolutely any holders entitlement to sell as and when they see fit, of course.