Member Info for R1CHARDO

@ Dowely - In my opinion it would be the lowest share price which shareholders would accept and vote the sale through. We peaked at 38p but a 50% increase from where we are today would get the support the Bod needs. Not guess work at all, just reasoned thinking IMO. Others won't aagree and that's fine with me. I hope I am wrong.
GLA
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@ M135i - I posted on 6th October that I thought the SP would stay around 33p based on a market cap of £1Bn (3,032 million shares inc options and defered) until there was real news. 6 weeks later I'm not far out*
Like you over the last week or so it's difficult to see an alternative view that this isn't going to sell for megabucks. I don't believe the accumulation theories. If the market genuinely thought the company is worth more the SP would have risen.
I hold c. £100,000 and do believe we will have a sale, but only at a 50% premium. I really do hope I'm wrong though.
GLA
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* The board vigilantes instantly labeled me as a deramper and buried my post with endless boring posts requoting old RNSs

Hi Ian
Please may I have another guess - 27th November 2020. NN board meeting on the 26th "to approve the internal document". I believe that is The Sale Agreement. Rather than risk leaks into the following week EUA releases the RNS on Friday.
It's a longshot but ties in with DLAPiper timescales.
As to price 50% over average SP over last 4 weeks so a dissappointing 45p based on EUA's last RNS.
I hope I am wrong, but there has to be a reason why the SP is being so tightly held down.
GLA
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2. Content of the notice
on holding a meeting of the issuer's board of directors and its agenda
1. Date of adoption by the chairman of the issuer's board of directors of the decision to hold a meeting of the issuer's board of directors: 20.11 .2020.
2. Date of the meeting of the issuer's board of directors: 26.11.2020.
3. Agenda of the meeting of the issuer's board of directors:
1. On approval of the internal document of the Company.

I wonder what this internal docment is? Something to do with the funding of the deal? Might be interesting.
As usual - apologies to the board's vigilantes if this doesn't suit your agendas.
GLA
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@sonofpurchase What happened to 'bladeywatkins' your profile after PATT? Only lasted an hour or so after I exposed it on the NEX board? Did you pull it or was it LSE?
It's not a good look having a new profile every week. Who are you running away from?
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@ RMR 1969 - Looking at the RNSs EUA first stopped mentioning NN on 25th August the flanks update. This also coincided with a longer last paragraph about RNS and personal data. Subsequent RNSs follow the same wordings.
I noticed it at the time and put it down to the NOMAD doing some housekeeping. Personally I was surprised that NN was ever mentioned as presumably they are competitors and could refuse to process EUA's offtake?
Apologies if this post offends the Board's vigilantes. They can no doubt bury it under monotonous cut and pastes of out of date RNS extracts.
GLA
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@ Mincho
Decades ago a friend advised me to sell shares in a Company I worked for on the advice "Get comfortable then get rich".
I took his advice, sold out and bought a house on the seafront in West Sussex. The shares went up about 30% then came the 1987 Black Monday Stock Market Crash. This hit the Company very hard and the shares never recovered. The price of the house also significantly dropped at that time but doubled after 10 years. My next house trebled in ten years.
Unlike shares, you can live in your house and enjoy it with your family. Borrow against it.
That advice worked very well for me over three decades ago...
The very best of luck whatever you decide.
GLA
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34 pence + 1 NN share for every 20 EUA shares and a special dividend of 6 pence for each EUA share.

From Bidstats today. Tanner seems to be a wholesaler of US products but the following may be of interest if not posted before. Quotes from the tender process:
"There are genuine reasons for extreme urgency: the global demand for rapid antigen detection tests based on lateral flow technology (lateral flow devices, LFD) has recently significantly increased. The availability of products has reduced with potential stock now subject to rapid purchase deadlines. Also, two major announcements have further increased global interest and focus on these tests. On September 28, WHO announced its partnership to procure 120M LFD, mainly for low and middle-income countries and President Trump announced the distribution of 150M LFDs in the US.

C. Constrained supply of validated products. This increase in demand is set against constrained supply. Some raw materials required to manufacture LFD are only globally available in a limited number and can suffer supply chain disruptions. While many potential LFD suppliers exist, PHE Porton Down validation has, over recent weeks, revealed that many of these suppliers do not have viable products. There are currently only a very small number of global developers of validated products. Many of these are small companies which are currently scaling manufacture."

If AVCT had been eliminated by Porton Down this would have been RNSed.
Apologies if this post doesn't suit this Board's Vigilantes Agendas
GLALTH
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Please note further to my post of 10.58 "bladeywatkins" has already deleted all his posts!
Obviously the guy has serious issues!
GLA
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Board vigilantes please forgive this offtopic post, but looking at the NEX board our friend "purchaseatthetop" whose posts have all been deleted appears to have re-appeared as "Bladeywatkins". New profile set up yesterday. Same shares mentioned that PATT was touting. Even mentions CINE. See NEX for details.
If he appears here be warned it is most likely the same P RATT.
GLA
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@ Bladeywatkins Welcome to LSE. I see you joined yesterday.
It's really weird that you are touting the same shares as a previous poster "purchaseatthetop" who seems to have deleted his contraversial profile on here on the same day.
Uncanny IMO. It appears you were both were in CINE and lost thousands....
PATT claims to have an MBA and "helicopter" vision. Have you as well?

@ AgentB readers of The Daily Telegraph are hardly representative of the general public! Just old people with right wing views and unable to brace new technology. The fact that they are in the high risk group of Covid infection just makes their viewpoint more sad.
Good spot though. Thanks.
GLA
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@Ragsrob that's helpful as HL online site appears to offer me the facility to trade MNOD but not in a SIPP or ISA.
I believe MNOD is an OTC (Over the Counter) share so not eligible under UK regulations to be held in a tax wrapper like a SIPP or ISA.
Anyway useful information thanks all.GLA
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thanks Tiddlor and kopfkissen. The £20k ISA limit is a real issue.
I hold my EUA shares in a SIPP. I agree with kop/Mrred that selling the MNOD shares would trigger the CGT and if these shares can't be put into a tax wrapper then CGT would be payable. Not the end of the world I guess but not something I had previously considered.
Tiddlor thanks for restarting the thread as only noise before...
GLA
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Does anyone here hold MNOD (Norsk Nickel) shares? I tried to buy a small holding this morning but the current regulations appear to prevent you holding them in a SIPP or ISA.
This could be a concern if NN is the pontential buyer and the deal, or part of the deal, is done in shares and we receive X shares in NN for Y shares in EUA.
Does anyone know how the future sale of these NN shares would be treated for English CGT? Would the whole gain be subject to CGT?
Presumably this would apply to any foreign purchaser but IMO NN is the obvious suitor but came in with a low ball offer, hence the FSP to try to drive the price up.
Apologies to the Board's Viligantes if this post upsets your agenda but these are genuine questions.
DYOR GLA
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The DM article sounds exactly like my understanding of Avacta's LFT. Fits with what Dr Smith has described regarding saliva, pregnancy type, pilot quantities and timescales.
The article is muddled with regard to other test types but read it very carefully....
The downside is the DM is not usually considered a believable source of technical information.
DYOR GLA
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@mac4671
You make a fair point but another tactic is to discredit them. As someone posted earlier if you filter tham you can't refute their nonsense.
I very rarely post anyway but take this opportunity to personally thank you for all your informative posts on EUA. I have found them very helpful.
GLA
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@Pratt
Read your posting history. You topped up at NEX at 150p!
You claim to have been in finance yet you buy into companies which were obvious basket cases.....
Nothing in your posting history suggests any investment expertise whatsoever.
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@ PatT or sholud I say Pratt?
My two easy questions to you are:
1) why should anyone take notice of someone who has lost money at CINE?
2) why should anyone take notice of someone who has lost money at NEX?
In fact looking at your posting history you appear to lose money whenever you invest.
Good luck with your SIPP as I suspect you are going to be a poor pensioner...
R