Member Info for NicetoMichu

I like the Snake Pass to M1 metaphor a lot Andrew. And if Mr Colin Bird's previous history here is anything to go by the journey to 5p might be along the following lines:

Leave A57 / Snake Road / Snake Pass towards Hurst Road
3.9 mi
Pass through 3 roundabouts, remaining on A5
4.1 m
At roundabout, take 3rd exit on to M67 towards M'cr Airport / Manchester / Oldham / Stockport / M67
4.8 mi
Keep straight on to A57
364 ft
At roundabout, take 2nd exit
3.8 mi
At roundabout, take 3rd exit on to A6 / Ardwick Green South towards City centre / Liverpool / Salford / A6
0.6 mi
Bear left on to B6469 / Fairfield Street
0.1 mi
Arrive at B6469 / Fairfield Street
The last intersection is Cobourg Street
M1

agree that progress is likely slowly being made, and if cost cutting is implanted as previously outlined they could give a decent year end financial update in a few weeks imho.. but at such fine margins on a small turnover business one contract loss and or target miss can make things look regressive quickly again.. or, glass half full, one left field good contract win on top of retaining / growing existing contracts and this could re rate strongly.. generally It's very lowly priced now imho and therefore I'm going to keep holding and hoping (eg down side from sub .10p unlikely to be large even if struggles/placing later this year and this could go much higher on some further new business wins.. place your bets or not and takes your chances or not )

(it's loss making and has 10m 'debt' to pay down as of last accounts.. and that debt accumulated in short order, and more might be accumulated this year etc... also pipeline contracts have to be delivered profitably and with minimal bad debts.. previous history would say that's far from a given.. the margins in this game are tiny and excellent efficiency is a prerequisite to survival not to mind success )

I expect ruyi have been and continue seeding such ideas.. and hopefully, altogether, efficiencies implementations will be successful... then ruyi will complete on this deal, no doubt.. and quickly into the future this will likely be worth many pence.. here's hoping..

Nice that Paul Curtis is buying good size here now.. my guess is in the medium term he'll do - very - well here.. and him having more bullets to fire since his order today is only 75% filled is nice to hear too... Also my guess is he has more bullets in his pocket too.. and they might come in handy as this can go lower from here, again and again...etc... eg if we're in September and still awaiting completion my guess is it will be meaningfully lower than 13.5 p then.. so I'm holding off topping up at this time..but hopefully it completes very soon and roars back up. Good luck to all fellow holders.. the race is long .

as luck would have it, luck is not here to make friends :-)
(good calls this week in fairness to him though.. 4p is of course possible here, but unlikely imho.. I happily stand by my earlier call of this not going back under 3.75p whatever... i'd likely top up at 4.3p now if it went there.. hopefully it doesn't)

Many twists and turns to come here yet, I expect.. I have topped up a small amount just now and would add a tranche or two more on any further s/p weakness... this can of course get decent sales momentum going this year - maybe even it has somewhat already done so this year, we'll find out soon enough - and the s/p would quickly move way way back up off the back. Good luck to all fellow holders, especially Noel/Teddy. Here's hoping !

this s/p action is turning form bad to sad now, alas.. a very tricky s/p situation unfortunately becoming more and more tricky by the week .....Until this deal completes the CEO has to focus extremely hard on keeping existing II's calm and also pitching for new II money to bolster here ahead of completion...any sort of meaningful further dumping without a decent sized buyer in the wings, could be very painful indeed, even from here... I wish I'd not bet on this In the first place, in truth.. but i'm hanging in there for the medium term now.. and I'm so far down now I may have to average down at some point to have a chance of a comeback 'in due course'.. but, sadly, I'm still not ready to average down here yet.

The company has not made a nett profit for years now and it may well not do in this financial year either, is my latest best guess .. also look at the latest balance sheet: debt - which was cleared down through raises not that long ago - is back up to meaningful levels again already - now hopefully the restructuring costs will go down markedly from here, granted... and there is a good order book.. but from that same balance sheet bad debts might be an issue too.. finally, the CEO leaving is most likely for poor performance reasons imho.. eg from reading previous RNS's the restructuring exercises likely did not go to even near plan last year is my best guess .. sure the co. could now be turning around .. but bottom line will take time to show that, even if it is..

balance is important on a bb and Luck counts in his own inimitable way is providing balance here imho.. but - towards more balance again - teaboytalk's post just now is a good one imho ( and I'm meaningfully long TRIN too and think it's far too low on fundamentals now.. but as the man says, AIm is a law onto itself and a traders market)

pyo88 accumulating heavily today, perhaps :-) He might let a few go at 2p?

With the 'ard rock mining now signed up for and on the way soon and with alluvial revenue likely rising off the back of higher throughput there is much room for this s/p to uptick imho.. a couple of years back, I started buying this at 2.8p a in anticipation of what's now, at last, starting to happen and thought I was getting a bargain then..

Luck Counts did make a good call on being very careful here when this rushed up to 6 odd p a few days back, in fairness, and his target entry of 5p at that time might well prove to be a good call too, in fairness .. and he ramps - eg Amer - as well as deramps on sundry other boards so he's not a paid deramper is my best guess.

In my mind there was/is still selling from one or both of the two II's that were selling down recently.. and with strong buying volume to sell into this week I'd guess they have - very - few bullets left now.. very hopefully.. and very hopefully no other existing II holder unwinding too... this remains a very tricky/dangerous stock imho .. and, again, for hard core players only imho.. (ps I'd add more at under 4.5p and not sell any below 7p)

''Without the deal we are looking at substantially less but still a lot higher than we are today.''

That's a big assumption in my mind Adam. But everyone is of course entitled to their opinion.

As I feel/guess this deal will complete eventually, I am open to topping up decently here on any further weakness.. if I felt/guessed the deal was unlikely to complete eventually I wouldn't be open to such top ups. ( that said, my position is currently less than half my previous peak position here and is unlikely to be grown back to previous peak, showing I do feel the deal is somewhat less likely to complete now than I felt a year ago for eg )

back down we go indeed, oh well...the company did give us some good news at least in fairness.. more good news in coming months is all i'm looking for.. if the market refuses to re rate this from such very low levels still then so be it.. it'll be my bad for betting on a dog.. and, especially on AIM, once gained, it's hard for a dog to lose that tag, in fairness .. and this was turned into a mongrel by disgraceful previous mis management imho... but it can be turned around, hopefully..

This could easily be the first drug mtph brings to market.. ahead of the big ticket MTD201 and maybe even late in 2020 ..
while estimated market size of $100m is small by comparison to MTD201 market size it's still a very big opportunity for a small co. like mtph and it could long dominate with this treatment in this very uncrowded market.. and, most importantly, such brain cancer in children is tragic and if mtph could help here it would be a beautiful thing

at last some good news from Mtph !
hopefully this bucks up the s/p somewhat.. if some decent buying were to get started the trading herd might arrive and add more fuel... these shares are tightly held at such low price levels and smallish buying volumes can quickly have a meaningful effect on the s/p ..

...In anticipation ? As this s/p remains low on a grand scheme of things, imho.. why not? It would be nice for the long suffering, including, of course, me

Your guess may well be as good as experienced players imho peepto… as it's a game of much chance imho... but to try and be a little helpful, but probably not a lot, granted:
It won't hit a pound by year end imho.. and it won't hit 50p by year end imho.. and I'd be surprised - but not extremely so - if it hit 25p by year end...
ps: Never forget : ''It's Nigeria''

lekoil punk is.. have ben involved here for a few years now and seen much farce in wide variety of guises in this name... not least this going deep down into 3's p last week.... and the manor of II's dumping here a farce too imho.. Including way over sold and the crackerjack RNS today I'm thinking/hoping 10p to 15p range is readily doable here in the short term.. and more again in medium term, hopefully... and at this moment in time, I'm expecting/hoping not to sell and of mine in single figures... here's to plenty more fun to come here this week.. and beyond..

I've counted them again and again and again now and I can categorically confirm there are four zeros after the two in jointhe dots last paragraph below.. that said, the reason I still really rate the guy is that he didn't say which year end immediately after the 20000 bpd...