Member Info for sasa43

It wouldn't surprise me that an opportunistic bid for the company might be tabled.
There are many 'hedgies' stuffed with cash looking for a home, a good / reliable home, for their funds in these conditions and they often take advantage of mkt routs like this to pounce. Their main targets are cash - strapped firms but the opposite applies here, so a very high premium would need to be paid for acquiring such a successful outfit like us.

Until we get a full years figs. to hand it's difficult to value our equity currently but any bid would necessarily be substantially higher than todays paltry / unjustifiable sp level.

Also, of course, several big pharmas could well be looking at us (No 1 in the field of testing with their 'gold standard' products / continuing innovation / burgeoning cash pile, alongside all the other positives, etc.,) to add to their covid coverage plans and I'm sure that GM will be well aware of NCYT's vulnerability in this respect. Just sayin'... sasa.

No need to feel 'awkward' about doing that, dj; it's an expedient decision given what you've outlined and it's your cash to husband as best as you can, anyway...

Have been in that position myself in times past - I've shrunk the No: of my portfolio hldgs by 50% since Covid got underway with my remaining positions I judge to be the most resilient investments in these testing circumstances which certainly includes HZM, I have to say...

Good luck to you - sasa.

Agreed, zeratul - these fantastic drill results at Wedge (between 'Zone 8' and Russett South) lends increasing credibility to PUR's 7 kilometre long gold trend and with the drill barely half way down 'zone 8' which made Goldcorp, at depth, even more prolific gold results should be seen soon.

In a previous vid. it was hoped that the terrain which turned Goldcorp into a multi - billion enterprise a few kms away, would run under PUR's property, too, so exciting times should lie ahead in addition to the impressive Wedge results out today - sasa.

Hi gwm - I've heard of Yamana Gold but never followed it; seems a decent 'goldie' from what the MoS reckons.

Wheaton Precious Metals is another North American Co seeking a London listing shortly - it's a streaming / royalty operation with a good record in this field (not a miner, so no worries over development 'surprises' etc.,) but neither yields as good as POLY, so I prefer to stick with something I know a bit more about. Dunno whether that helps? - sasa.

Roger that, Craig - if you look at their website, concentrate on their 'zone 8' drilling progress; they're very excited about that area. The latest drilling results update is overdue (probably covid delay related) but all have been very impressive so far and with a low AISC of $787 per oz, I'd expect the sp to regain their recent 'high' very soon - sasa.

Hi Sparticus - I agree with your 'stick and hold' policy here (and generally so with one's holdings) although so far, it's not paid off for all the LTHs yet but, under the new management / latest developments / improving outlook for nickel, etc., it should do quite soon - I hope!

The TEO, scheduled for early December, should provide an updated resource (inc. the withheld 2018 drilling results / reserves / NPV for us to conjure with for starters; beyond that, confirmation that the off take agreement has been converted to a 'binding' deal which AH has alluded to, should add more 'grist to the mill' as we move into next year - sasa.

Hi Craig - similar involvements for me with other, initially attractive, 'goldies', like FRES , CEY and HGM, too.

Over time, I relinquished those in favour of POLY and PUR, 'cos FRES continues with various prod. probs, CEY as well (also never liked the 50% involvement with the Egyptian Govt.) and HGM has now been acquired on the cheap by a group of oligarchs, unfortunately.

POLY continues to fare better than most and provides a useful yield, too but its jurisdiction isn't helpful in the minds of many; hence the 'pairing' with the up and coming Canadian miner, PUR (first gold pour this December, btw) - worth a look, if you fancy a very promising producer, imv, in a friendly / safe mining country.

When the upturn in AU gathers momentum again, I'd expect both to do better than most with POLY's 'Russian' domicile being largely forgotten, given the rare 'FTSE 100' status it enjoys - that's my present take on positioning right now, fwiw. GL, anyway - sasa

Hi brookr - I agree with Wilson's comment that you should garner more info. on alternatives in this sector from the respective bbs covering them and always DYOR before getting involved.

For me, I've not come across a more appealing situation than this one after considerable DD myself and help on here from several better informed posters than me.

I've done the same with Synairgen and have that as my 'second string' in this space, fwiw, as they both suit my personal circumstances / positioning but know nothing about the others, so GL with your researches there - sasa.

Agreed Craig - once the gold push re-starts, the domestic funds will naturally flock firstly towards either POLY or FRES being the only two 'goldies' in the FTSE 100 currently; given the continuing disappointments with the latter, POLY is the obvious beneficiary here, after their latest Q3 figs.

Back up to £20 ps and beyond, looks well set for POLY now, I'd say - sasa.

Hi Oriens - yes it might well have been your suggestion which chimed with my thoughts here. Seems quite logical to me, given NCYT are now actively looking for an attractive acquisition or two with their fast growing cash pile.

Such a move would gainfully widen their offering beyond testing if a major pharma doesn't see the same opportunity first - a reliable treatment for covid, if spotted early, is rare at present and SNG seems to have just that.

As for a vaccine, well, sadly, that looks to be some way off yet... sasa.

Good for you, earth; investing rather than spending is commendable at your age and so you deserve your reward for enterprise.

I tend to agree with NovaSight's comments, effectively that 'it's never wrong to take a good profit' but NCYT's stellar sp growth, in such a short time, is very much the exception in this game and I've been investing for over 50 years now.

What I look for in an attractive proposition is threefold - 1) strong management 2) healthy balance sheet and 3) a valuable asset, either with a moat around it or a decent 'first mover' advantage - we have all these attributes here right now.

Coincidentally, I hold SNG as well, as it appears to meet my criteria, too and I suspect that it'll really get going shortly (especially if the phase 111 trial outcome is successful, which I anticipate) - how much higher might these two 'bug fighters' go? No idea but for now, they appear to be the best prospects on the mkt right now, imv.

Someone recently suggested that NCYT might make an offer for Synairgen at some point (making for a test and treatment combo + COPD to ensure longevity in this fast changing climate) - who knows? It's certainly very exciting, anyway, so GL - sasa.

'reins' would have been better re: AH's involvement now! - sasa.

Hi Shadow - I haven't fallen in love with this share over the past decade, rather more been shackled to it! I do agree with many, though, that things finally look to be improving on several fronts, especially now that AH has taken over the reigns.

I make the current NPV being around 80p ps on today's Ni price, fwiw - yes, the nickel price isn't relevant right now but it sure will be before too long, so you might want to add that 'plus' to your list of encouragements / pleasant thoughts. ATB - sasa.

Hi gwm - no, I haven't seen any youtube vid. suggesting that gold will crash after the US election.

Why would its appeal suddenly dissipate with both candidates advocating more & more electronic money creation, especially Biden if he wins? Gold is the immutable unit of exchange and reliably offsets the decline of fiat money; it that stops / interest rates suddenly rise, then it could well retreat v a stronger US$ but do you really see that happening in this chaotic / debt riddled world we're all in today? I don't - sasa.

the Ni price ticking up a bit at $7.15 per lb - it all helps - sasa.

Hi dj - can't disagree with that; personally, I prefer HZM over the short / medium term, as they're considerably more advanced than AMC at this stage, as you say and, once their funding package is confirmed with, possibly minimal equity issuance or none at all, I'd expect Horizonte to move sharply higher in consequence.

With AMC, there's a lot going on there now under the new management, so it's a lot more interesting than hitherto. I also agree that being in Russia is a 'no, no' for many investors and understandably so but I'm not so concerned about that, myself (e.g. POLY has been amongst the best performers of my quality 'goldies' ) so I'm not too bothered; as long as it keeps performing, I can live with that. ATB - sasa.

Hi James - you're wrong on your last quip about Glencore not knowing about Kuhn Manie; they certainly do, believe me - I've been in AMC for over 10 years now ( a tortuous journey so far, admittedly) and been in HZM for only 10 months - was put onto this one by a well respected poster on here.

Comparing them isn't the point, really - they both have their merits currently with the positive Ni price outlook being the major influence over both of them, so I hold both - sasa.

Agreed, Brent - it's like the old mkt joke - ' I don't know what they do but just buy 'em' or in this case, 'just sell ' em' - farcical.

He should be sacked if he's not up to the job of researching beforehand what he opines about - sasa.

This is AIM, Flabby - few Instos are permitted to buy such under researched shs - their sps are driven by RNS's until they manage to migrate to the main mkt - few do but Serica's aspiration is to do that when the time is right - that's official, btw.

Their next 'big deal' might well signal the promotion move - meanwhile, the overt value on offer today is very compelling, imv and with a reliable 3% yield in today's conditions it's not to be sniffed at, either, imv - I have a large holding in this, too, as do many others on here to my knowledge, so you're not alone on that score - sasa.

Echo that, Manuel, re: the biggest grins after all this time! - sasa.