Member Info for RichTheNewbie

The powers that be don’t need to drive it down. They’re already getting their billions of shares in the deals announced. Be happy. The powers that be are now on your side.

RuSirius - How long have I been invested in "this dog"? A good 30 hours or so.......:)
Prior to that though, I did once hold somewhere around the best part of a decade ago, for a little while.
As I'm not jaded by having held periods when the share price fell, I don't agree with your view that the BoD are "trashing the SP", or that people buying in are "mugs".
All this whinging about city boys, pump and dumps, is just hot air.
Many of us avoided buying into this, despite the potential, because the road to production is rarely a completely bump-free one.
Personally I don't consider anyone buying now to be a "mug". I think buying in now gives me a very good chance of a very good profit.
All I see is a lot of moaning because of unrealistic expectations for a plain sailing route to production in a giant project that required massive amounts of funding!
It was always going to be a long and winding road to get to this stage and it's a reason to be cheerful that they're actually getting this giant amount of funding rather than not.

That's what everyone was saying yesterday.....yet it's risen....

Imo:
What is being overestimated, by many, is people's desire to sell at the lows (some might but I don't think many are).
What is being underestimated, by many, is all the large pool of investors who weren't prepared to take the risk of holding SXX up until this point due to financing risk, which is largely gone now.
Therefore, instead of it falling, it's been rising, because those of us who want in now, and weren't already holding, need to buy now, or wait for a better price then buy. The chance of a much better price is minimal imo, and could easily go plenty higher, and there's much more headroom on the upside.
Hence, I imagine you've got a significant chunk of investors buying in now, to inititate a position, with always the possibility of adding more if there was any dip.

Just curious if my maths is right.....(yes I'm that bored at work).
Does that mean you had a holding of 250,000. Sold about 11,500 now and are buying back the 11,500 in the open offer? Netting you £200ish.

I'd try never advise anyone what to do specifically.
There's no guarantees with anything.
However whether this goes on to rise nicely, or not, it's certainly not uncommon to have these periods of disillusion in resource stocks between discovery and the pushing of the button on the build to production (and that's why you'll find many many similar diagrams to this mining value curve / life cycle).

Most miners broadly follow the same pattern along these lines:
http://www.usfunds.com/media/images/investor-alert/_2014/2014-08-08/COMM-Life-Cycle-of-a-Mine-08082014-lg.gif

Many things influence how closely they follow it but in the broadest possible terms this will likely be no different. The scale of the project simply means the middle section has been longer but the salient point is this is now moving into the final third of the value curve.

My bet therefore is we're at the entry point labelled on that graph, and as I bought in yesterday morning, my money is where my mouth is ;)

That really doesn't change anything ;)

God there's a lot of these utter nonsense posts today. Like this post saying this is a share for mugs. I suppose that's because you posted you lost 1500 yesterday. Are you the mug you describe?

I've seen plenty of experienced investors putting money into this today. Ones who are most certainly no mugs and some dealing in very sizeable amounts.

Nothing is guaranteed with shares but to simply say this is a share for mugs makes me think you're the mug and moaning because you lost some money.

Took a position here this morning. Looks like a decent punt to me at these prices.

Haven't held a position in this for the best part of a decade.
Thought I'd dip my toe back in now.

You do get some weird trading on AIM.
Someone sold 612 shares then shortly after there's 494 shares bought back.
Which is £79.68 and £67.68.
Ie it looks like someone has paid £12 to sell and rebuy the very tiniest stake!
Bizarre.

Pharmaxis is up about 20% in the past two days (on higher than usual volume). Could be getting interesting ;)

Mental note. Don't check on your shares at 3am after a night drinking at the football.

Don't be disheartened. If AIM is anything to go by you may well get another chance. ;)
Frankly, I wanted to raise my position further, but I err on the prudent side these days, and doing so would have meant an excessive amount of extra money and risk on the low side compared to the potential reward (because my position is already large). So I'm just sitting out (as well as rolling my positions longer if it's falling).
That sounds ridiculous to me, in many ways, as I think most investors wouldn't be selling even at 25p. Or we would have done already. So it's simply up to the short term traders and market makers. The latter do like some banter :) Shame they don't join in on here sometimes!

Think you'll need the block seller (if they exist) to resume to get that now.
If they've finished that looks doubtful, at present, as the buying looks like it's steadily pushing this up naturally again.
However this is AIM and you never know in this world of smoke and mirrors ;)

They also know how to read this board, and take the mickey properly, by raising the spread even more from 8% to 12% :p

They really know how to make it appealing with a full 8% spread ;)

FYI - Pharmaxis released a presentation a couple of days ago: http://www.pharmaxis.com.au/assets/Documents/pdf/02019/ASX/2019-04-01-Investor-Presentation.pdf

Only real relevant bit to SNG is the partnering process is still described as H1 so no change there - ie still on track for a deal in this quarter.

Generic bullet points below...

Competitive profile:
- Novel target and mechanism of action
- Once daily oral drug
- Best in class drug with high level inhibition of LOXL2 enzyme for 24 hour from one dose
- Only known drug in clinical development to inhibit LOXL3
- Place of LOXL2 at end of the fibrotic cascade provides opportunity to treat various fibrotic diseases and use in combination with other Pharma pipeline drugs

I had the same thought earlier SamJSung.
In fact I was Googling this exact thing.
I found nothing conclusive but Woodford have indeed been unloading lots of unlisted stocks and also transferring things to one of their other funds.
I could quite imagine they'd reduced exposure, and freed up some capital, from some of these smaller more illiquid stocks, if only for appearances sake.
If that's correct, whilst frustrating, it does present opportunity, as artificial share-price suppression, due to this sort of thing, tends to resolve itself nicely once they're done and it's back to normality where small amounts of buying can move things up quickly again.
Part of the reason I took a little more today. At the end of the day they won't just dump forever with no regard to price as it's counter-productive. So I'd prefer to take advantage before it/this turns.

Added a bit more on the spreads - just before old desti does ;)