Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
and Luton I think one of the directors at a past AGM made that very point about the tendency for share prices to fall after consolidation. Could have been TM, more likely it was Harper from memory. I think we'd be better off staying as we are. If the products are worth investing in, serious investors will buy whether we're at 0.8p or 80p. S
and further, this has been discussed at AGMs in the past (at least 2 of the one I attended) and as CFP says it isn't cost free and they seemed at least luke warm to it. On of the attendees had maintained that the price and number of shares in issue was a reason larger investor avoided Sareum. I think we have bigger priorities to spend our precious cash on right now, namely TYK2.
Barring any unforeseen issues and assuming the AGM will be in December, I am planning to attend. I have been to 8 AGMs including a couple in Cambridge in the early days. I always find them to be useful and would urge any Sareum holders to find the time to attend. S
Hi belhus. In my experience Sareum's directors (specifically Tim and John, I don't know Mr Parker) have been always been very professional, have always stayed comfortably within the regulations and are men of integrity. Indeed, it has been a common complaint over the years how tight lipped they are: with investors and the boards craving more information. In recent months they do appear to have slightly shifted their approach to information dissemination with more tweets quite deliberately aimed at highlighting the potential value of TYK2. What they have rather less control over is what brokers say to their clients and how they possibly fluff it up. As for these so called SVS trades, I think whilst some might be related to the placing, some are simply market purchases. At present I can buy at 0.7990 and sell at 0.7830 so I don't think the 0.7830 trades are betters offers, they are in fact sells. I hope that helps belhus and Aber. S
It could be that if they are trading ahead of admission the brokers have got permission to trade on a conditional basis. A bit like with an IPO when a grey market or "when issued" market is established before the first day of trading. Certain conditions have to be reached eg liquidity for the exchange to allow it. and settlement can only occur on the first day the shares are officially admitted. I think! S
So it looks as if the placing has had a very good take up. One contact suggested to me this morning that it was actually oversubscribed but that they were happy to take around £800k net. It also looks as if one investor took up nearly half of the offer.
So from here the outlook looks quite promising. Funded until at least mid 2019, CHK1 milestones which could be multiples of our current bank balance due probably before the end of Q1, possibly sooner and TYK2 now on the shelves or being negotiated over. The way forward and upwards for Sareum now looks clearer to me. Hold and tempted to add a few more...
S
I DID NOT say it was a notifiable holder. They have a decent existing holding. That suggests to me (though I course I cannot confirm it) that they are not fast money and are adding to an existing substantial investment. The trade was done at mid. NOT reported as a sell. People must try to ignore the buy and sell indicators on some of these sites as they only relate to the current spread. S
Lots of hand wringing over this. I have spoken to someone who knows what happened. It is a broker to broker transfer. Related to the placing where, for example, a client has 2 accounts with different brokers but wishes to hold the shares with the broker who is not directly handling the placing. Stock exchange rules are such that this transfer needs to take place at the prevailing mid price ( 70-75 was the open price on 26th, thus 72.5 the rate shown on the trade at 08.01.20 ) and must be a listed trade. Although there is no change in beneficial ownership on the shares it is done to avoid money laundering and to keep auditable records.
I hope that helps.
S
you all know which button to press...
otherwise stay long and take profit when it rises.
as far as i am concerned, today gets an inevitable event out of the way and leaves us clear to focus on developing a profitable TYK2 exit strategy. As Thoth suggested some weeks ago this might even be the last time they need to fund as we could have CHK1 income or be sold before any further funding needs are due.
Constantly moaning about Parker, share options or lack of information suggests to me that Sareum is probably not the share for you. As I do not expect these things to change anytime soon...
I knew what you meant but there are many people reading these boards who might have been misled by that sentence "some of these directors want money for just showing up these days and he got 10m for just signing on."
He actually has 16,545,455 share options. If the share price doubled to 1.5p those shares would be worth net GBP 65k to him. Hardly a massive sum.
As for what he has presided over. Since he joined we [with CRT and ICR] have licensed CHK1 to Sierra and received a milestone with the potential for more in coming months, nominated two TYK compounds and seen the market cap rise from GBP 16.1mn to GBP 21.9mn. Not what I would call a massive failure, unless you thought he was brought in to sell the company for GBP1bn?
I am not father SAR, though I have been invested almost from the beginning in 2005, attended many AGMs both in Cambridge and London, participated in placings, bought and sold many, many shares, currently hold a good chunk of stock and have reported my views on this board and the other place [as Ackkers] for many years.
On the placing agent, it would appear that they have not used the in house broker [I can't confirm though I know at least one subscriber who did not go through Hybridan] which is interesting. It could have been due to the expenses, it could be for other reasons. Time will no doubt tell.
S
Thoth. One of my friends who has been a named holder in the past lived in Singapore for many years, now lives somewhere else but it's possible he holds through that house. I have not checked with him. S
Hybridan? There is nothing unusual in this. Plus if you wanted to participate you could have approached them. I have participated in placings in the past. As for the hand wringing over the discount, the discount is reasonable for Sareum and good for AIM. HNWIs would not have been dopey enough to pay the going rate, they would have demanded a discount to fund the company. that's why they are HNWIs!!! They don't give it away!
stunts, the july wife purchase at 0.82, conspiracies, nonsense. the next poster will be saying they have seen Parker on a grassy knoll. It's simple maths. Before the placing we had enough cash until the end of March. We now have enough until the end of next year and that assumes no tax credit and no milestone from CHK1. Would you rather have had the news of a) "we have run out of cash and are bankrupt" or b) we have done a placing and are funded for 2019? Now to me a) is bad news and b) is good. But for the doomsayers I'll concede that b) is less bad. OK?
well i personally know one of the placing subscribers and he has no intention of selling them on Nov 8, 9th or 10th. the placing was an opportunity to add to his existing investment at a good price. we are now funded until at least the middle of next year and if we get a sierra milestone between now and then, the placing will pale into insignificance as the milestone would likely be 4 or 5 times the size.
this is totally normal. it must be said that compared with previous placings, which for those new have been almost annual events for Sareum, the reaction has been more positive today. i suspect this is down largely to the fact that it has been so well anticipated though it may also reflect the belief that the funds have a very clear purpose: the progression of our two TYK2 compounds to a saleable state for a very decent value ( as suggested in Tim's accompanying statement this morning,"These new funds, added to our current cash, will enable us to advance these studies and build up the evidence required to facilitate a licensing agreement at an OPTIMAL value.” S
it is good news as it is the only issue overhanging the price. Now it's gone. As for options, i don't care how many they have as they only have value if they get the share price up a lot. Anyone would think you were one of those wishy washy socialists." Can't stand it when the rich get richer except me". Why then buy Sareum if your not in it to get rich too?!