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Seems oversold, the RNS suggests the investors who provided the cash will be financing … so this seems like pure panic. Market makers will switch sides soon and push back up once they’ve accumulated enough!
This stock is pony
Agree Mikey... the re-rate is starting. Great volume over 7M traded today in first 90 minutes. Yesterday 23M volume.
Earl I thought you was a reasonable guy, what's with all the negativity?
Just got to ride the waves for the bigger gains. Re-rate in progress here imo!
Not too late to enter… imo we gonna have a multi-day re-rate here. The numbers for this test are huge!
I just wonder how much the NHS will be saving if they buys these tests at mass rather than doing MRI scans. That's just in the UK market.
US market they are already in, and its huge.
The easiest thing to do here is relax and hold. I suspect institutional investors will be buying this up (Usually £50Mcap is their base)
Taking reference to the NHS site, it’s clear that through the current inadequacy of the testing, that regular screening is not current practice. 1 in 8 men are affected my this type of cancer. The NHS spends millions on MRI scans and biopsy’s.
https://www.nhs.uk/conditions/prostate-cancer/psa-testing/
So I have to ask myself, when this test becomes adopted for screening in the UK, and beyond, how much is this product worth?!
Surely this company is a buyout target for a big pharmaceutical company now? It’s certain going to be worth A LOT MORE than today’s valuation. Not often you find an absolute GEM like this in the market. Holding for much much bigger gains.
Also this company isn’t a one trick pony, they are working on a similar pipeline of testing for other types of cancer.
Absolute game changer!
All my opinion not financial advice. GLA.
Very cool website:
94percent.com
Looks like it will be a strong close, suspect 30p+ with a strong opening tomorrow.
Only £35M Mcap here at 20p ....... long way up with this product.
How much is the product worth? £350M ? (10x SP?)
As per Cancer research UK
:Prostate cancer is the the 2nd most common cause of cancer death in males in the UK, accounting for 14% of all cancer deaths in males in the UK (2017-2019).
£100k is peanuts these days
Well said blubay !!!!!!!!!
You can only sell once.... some people will have taken the placing to flip, and that's ok, the market is made of buyers and sellers.
Where are the Diamonds?
I'd say the placing has been pretty much churned through, looking at the volumes from last week.
Nothing left at 0.35. Suspect it will tick back open to 0.4 offer.
It will run as buyers speculate that market makers might have to cover their position if they've forward sold the shares that have not yet been approved at the GM. Imagine what could happen to the SP ....
Was moving up on every buy into the close and well bid, expect it will pop tomorrow! They have no stock!!