Sadly WRES will remain at this lowly level until Atlas has finished, Blackrock/future financing sorted and production problems fully resolved. IMHO that means for the rest of this year, at least. I sincerely hope that LTH’s eventually see some kind of reward. Have a good weekend all!
Potnak, I fear that Momo was the wrong horse to be backed by Sierra but they ha nothing else that had progressed to that stage of development. I feel that SRA 737 will prevail, but just wish they would get on with it, rather than Dillying around.
Andy, fully agree, it’s a good report unlike the shocking extract on this website. If only they had advised of this report and posted the link, the PR picture and perception would have been much better.
Actually, it’s poorly managed and communicated by Sareum. LSE only release what they are given by the company. So in my mind the info and the way it was written and disseminated was poor PR, SIMPLES! In addition it is normal to release such news under the RNS tab, even though it isn’t!
When the dust settles and this charade is over the SP will recover. It looks like some people got mugged into selling their shares this morning but the truth will out. No real volume sold so damage is limited. Note that nothing has changed, all lights are on go!
If it’s not an RNS as has been outlined on this BB earlier, I concur that some investors have needlessly sold (been robbed as you said)! Unbelievable the fact that situations like this can be so misleading, that is market abuse. I think Sareum need to front up now and either deny or substantiate the release of this notice.
It’s not surprising to see the reaction to such a poor RNS, which in my mind, would be better not to have been released. The wording makes it seem desperate with two of our candidates shelved! Everything in the RNS was known to investors, so you have to ask why? This is the worst kind of PR, what is Edison up to? Why didn’t Tim and co take the opportunity to cover this last week at the investor meet, they were asked? As always more questions than answers, but very little has changed!
Thoth, I think that one of the problems for Sierra is that SRA737 is so versatile that many big pharma’s might have a use for it in combination with one of their drugs. I suspect that this may complicate matters, but see no reason for individual on-licensing for each indication. This makes it mind blowing in terms of value, I just wish they would get on with one indication with more to follow.
While the presentation was generally positive, I was totally underwhelmed by the lack of commercial drive to deliver shareholder value. No real answer to the funding issue raised by a couple of investors. Do we envisage some income or do we need to raise money? No real action regarding SRA 737, just the wait and see, just like the last presentation. Sierra continue to expand their applications of SRA 737, surely this constitutes further trials, how about paying up! The poster shown in todays presentation clearly showed promise to tackle several different types of cancer but we are unable to influence its progress. Who on earth negotiated this contract, some commercially inept person, that's for sure! Oh well, let's just wait until H2 for the next update.
GIT, my faith is well and truly shattered, it may be restored by results further down the line. I have lived in the Iberian peninsula and heavy rain in the winter is not unusual, flooding can and does occur but weather is somewhat unpredictable. Perhaps Jesus, God and his mate Moses will come into play! When MM eventually resolves the financing situation and comes clean we can all regain some faith. Waiting for the Q&A session for some answers.
GIT, with a poor Q1 and shipments of 80t this month it is increasingly likely that they will miss their own 800t this year ( as per shard report), and that’s their lower estimate. We still do not understand the full financial implications as MM is hiding the truth from investors. I wish Jesus all the best but fear we will need the intervention of the big G!
Troajan, October? Just when it states to get wet again, marvellous, you couldn’t make this up! Why can’t the run 24/7 in the summer and reduce it during the winter as weather permits? None of this makes any sense until MM provides a thorough explanation, which he never does.
RE: What's your avg price per share?16 Apr 2021 16:52
Watch glass, my wife’s holding was way back and long before consolidation, when shares were worth pennies, not fractions of pennies! Hence my wife’s average pre-consolidation was over 3p, she now does need £3 plus, believe me. I am somewhat more fortunate (if you can call it that) and now need 60p at today’s prices. I am sure that there are many other people in the same position.