Member Info for Pickuzawinnah

I get exactly what you mean about the stagnation while in a no-news lull. Though I would temper that with buying interest at what is still seen as a low price. So I think it'll bounce around in a broad channel for a while. It doesn't appear to be a "trader's share", so thankfully doesn't seem to have attracted the quick buck brigade (yet !) which should afford us some stability.

Anyway, it's delivered exactly what I wanted so far, the new management seems to be "on it" and I think we'll be smiling in 2022.

Dang it. I posted a reply, shandy. But it was from my mobile and it didn't actually get posted. Gnnnn.
Anyway, it was along the lines of thinking about the sales team effectiveness. Early days maybe 5 or 6 of them will make sales (hit the right person with the right message and convince them to start prescribing Accrufer). These early adopters will negotiate a lower price in return for providing references and case-studies.
But those activities will enable the next 10-12 salespeople to make inroads. And the sales really start to pick up.
Within a year I think that £2.5M burn-rate will be down to £1M a month, and we'll soon after hit the transition point where incoming profit exceeds the cash burn.
They'll most likely manage costs by retaining the services of the most effective 25 salespeople, or may increase the team further depending on their effective load (ie: the number of clients that can be professionally served by each salesperson).

I'm loathed to predict a share price (gotten it wrong too many times) but I can see very good returns - double or maybe even triple - in a year's time, on positive early sales results. I'll be happy with that action.

@shandy (and everyone else, of course !) - what's encouraging to me is that they did state the intent to have all 30 salespeople in place by the end of June. They have met that intent. Exactly what you want to hear as an investor.
That kind of reassurance builds investor confidence, which is the one thing STX has been lacking for the last two years.

IMO, we might sit in a channel now for a couple of months around the mid 50s, until the first quarterly sales results land.
Mind you, I said that a fortnight ago and we have been up to 60 and down to 51 in that time. So maybe mid-50s is the anchor-point but with a large up/down swing.

Hi all. It's behind a paywall. So if you happen to subscribe to the Telegraph then you're in.
But this is the "teaser" paragraph to an article headlined: "Sunak weighs investing pensions into start-ups to drive recovery":
"The Treasury is in talks to allow pension pots worth billions of pounds to be invested in start-ups, infrastructure and green energy projects to help drive the economic recovery...."

Talks might lead to nothing. But you'd imagine EQT could be well placed if this gets the green light in a few months.

What iceman said. BOIL has been in limbo for ages but the perfect storm is brewing which may (MAY!) make this many multiples over a short-medium term. I think I've said before that my opinion is that any buy below 0.15p will look like an absolute bargain in a year's time if the key political decisions go our way over the next year.

I've seen a few (GGP, EUA) go insane and envied the people who had the foresight to get in during that long flat sub-1p period. That could be us right now with BOIL. It might not, mind you. But worth getting a foothold. Especially at 0.08 !!

Okay it's Tymers for you to go in the green bin of doom.
I've done well enough with my investments and not about to debate that with a complete idiot stranger in front of a small audience. Seven recommends on my post. Zero on yours. And the fact you couldn't resist using "fella" confirms 100% that you are just trying to antagonise people for some weird reason. Seek help. Financial and mental.
Don't worry about replying because I won't see it. But I will see others' reactions with detached amusement.

Heal(ium) the World.

mike drop.

I made a similar point yesterday, I think Prae; if it was negative they wouldn't publicise the flight.

Then again, it was probably always on the agenda - drill, first samples after 7-10 days, and then get out to Tanzania to oversee analyses first-hand so you can be there IN CASE it's time to celebrate with the workers.

I remain optimistic (if slightly jittery after Trek didn't finish his post with the usual "£5".

Enjoy the weekend, everyone.

You want to pull some arbitrary dates out that suit your purposes, Tymers ? Okay, how about this:
1 year about it was 0.11p. That's a 700% rise in 1 year.
Or, you want to just pluck a 2-week period out ? How about Oct 5th 2020 to Oct 19th when the price went up 400%.

Seriously, just don't. It makes you look amateur and very weak.
And stop with the "fella" BS. It doesn't make you either friendly or tough.

@Almostdone - I assume your request is of the share price. Not the mudslinging.

Always foolish to offer predictions (but then, I am a fool - just not a Motley one). However, I think we may see a few weeks of bouncing as traders give and take (though the spread is wide at the mo), maybe shooting upward on another site/plant, but then to fall a little as profits taken. But establishing new support lines at 1.8 +/- 0.2p
Then a couple of positives will light the blue touch-paper and we'll be up followed by up.

Probably wishful thinking on my part, but I still feel confident that we'll be around 3-4p by year end and then a solid platform for growing in 2022.

Good luck all.

Just an FYI in case you've only used LSE as your measure, but the UFO SP was up 4.4% today, to go with the 5% yesterday.
Anyway, I'll just park here for a while and watch the squabbling from a distance.

What's interesting is that it got tweeted. Let's face it our dear CEO is not Elon Musk; no-one's going to publicise his flight to Tanzania. So you have to ask what's the motivation behind the tweet ?
Yes, the trip MAY be because they've encountered problems. But that, to me, would be something you'd brush under the carpet until you know whether the solution requires an RNS.
Circumstantial it may be, but this evidence suggests there's a reason for the trip to Tanzania and a reason to tweet about it.

Yeah, hold on a minute HH. It's that society-fuelled demand that means natural resources are in demand, which fuels our retirement (future or current).
It's like Catch22 was a documentary.

Anyway, back to UFO . . .

I suspect only the very tiny minority of younger people can afford to invest with spare cash. Sadly so many are mired in debt anyway - whether student loans or as a result of 0-hours contracts eroding any steady income, etc - that they're doing what it takes to be able to increase their wealth. The older folk amongst us have had 30+ years to build some savings, or draw capital out of a home sale, or whatever. Again, we're in the tiny minority; unfortunately there are very many more who wonder how they'll make it to the end of the month payday.

But I like your theory; the frantic attitude of some posters could be based on having to make loan payments for an investment that's 20% down.

Hello Seagulls ! Nice to see you here as well as HE1. Good entry point, I think. I got in the low 3s after which there was a placing followed by a disappointing explorer's RNS. You'll have done your research like a proper grown up, so you don't need any guidance from me other than to say that having their own drill seems to be the differentiator here. It's enabling them to just crack on and commit to further exploration without too much additional cost. Muchos cash, so fully funded.

Anyway, good to see you here.

If it helps, Doucer (and others) I'm in exactly the same boat. I'm in at 0.11p but for not too much cash. I've used the phrase "squirrel's nut" before; it's just buried and forgotten. Either it comes good (10% chance that the reward is a mega multi-bag) or it doesn't (40% chance of losing 60% of my money). That's a great risk/reward ratio.
And I will top up if we fly past 0.15p, but no sense in averaging down at this point. Because if it flies then you'll still be quids-in even at a higher top-up level.

I can imagine the seller's broker getting a call at lunchtime: "What are you crazy ? You're still selling ?! Did you see the RNS this morning ?! Stop selling now !"

And utter twaddle, tenpins.
For a start, you're talking about a government which has had its corrupt pants shown many times in the last year.
And secondly, how exactly - lay it out, show your workings please - are the directors lining their pockets ?
On page 87 of the Annual Report 202, the Directors salaries are laid out. Eight people for a total of £919,000. That's less than £120,000 per director. THere are share payments totalling £1.1M which reflects a share price that had moved from .5p to 3p within a year.

Yes I do wonder why you're here, CB.
It's simple, binary stuff. Either you believe the SP will go up (in which case buy/hold) or you believe it will go down (sell).
You are clearly annoyed at the performance (caught on the spike ?) and so vocally critical. Fair enough. I have felt your pain more than once (RMS, ODX) and I do like a critical view, when it brings evidence (yours seems to be mainly about the performance of the SP rather than any evidence of a weak business strategy, or unforeseen competitors, etc).

What I question is why you've nothing better to do with your time - if/when you sell - than to log on to LSE, seek out the EQT board and then chirrup away on a share you have no involvement with. I mean that's just weird. That's like leaving school and then hanging around the school gates to heckle the teachers.

FWIW, I share your frustration at the current SP which I'd have expected would have held around 2.2-2.4p on the assumption that by now we'd have signed two new contracts. But Italy sounds like it can generate revenue more quickly, with Croatia soon to follow. Add another brand new plant/site, and we're starting to move.

Right, so let's just summarise this CB - you state that you're planning to sell your shares in EQT.
But you also plan to spend some of your time each day on the board here for . . . what ? To pick arguments ? Gloat on red days that you were right ? (oooh, well done). Vanish, or act in contrary on blue days ?

Really, you ought to take a look at yourself and ask why you think it's a good use of your time.
And don't suggest that it's so you can "warn those who may be fooled by rampers". Every share has its rampers, its derampers, and its LTHs who don't care about the daily adjustments.

What a very odd behaviour.