Member Info for spike912

And washers comes in as the predictable cliche poster ;) to top the gang off

Only $5.1mil to go lol

Washers, I sold at 7.90, bought back at 5.20. Openly say come 6p I’m out again, or will set stop loss and let it ride for a few weeks Always transparent me ;)

End of the day, we saw how it was impossible to buy under 5p. Imo, this is the bottom. Mcap 12mil?! If people can hold more than 10 minutes there is money to be paid as this price imo. Even if it’s your traders 10/20%

Still NT on Halifax MM have played a blinder, this will probably end up back around 6p Traders delight here for those looking like that, oversold hence constant buying now

Bear, not in volume tho. Small amounts only before NT

Could be strong bounce from these levels imo

Can’t buy People will be taking a punt at these prices Prob be back at 6p end of day

Washers fact is they need cash. Where will they come from? They are in crippling debt

Nevertheless, we accept that, at the date of this report, there is an issue in respect of going concern, which is acknowledged in the financial statements. Can’t spin that!

It’s not ridiculous when you read the accounts just issued!

Going to be gone today sadly. The old 5p placing rumours could be right, who knows but this is in a death spiral which normally means bad news Sub 6p maybe worth a small punt but how they will raise at under 6p is beyond me Bigger issues here than us PIs know imo

Without sounding naive cloud this raise be in case results aren’t what we want? We are all assuming it’s because it’s great news but how many times have we been here with explores raising during the hype as they know they will need the cash as results aren’t looking too good Not saying that’s necessarily the case here, but it’s al alternative view

Dracula I agree totally, they are very long term holders, and politically a good idea to buy, doesn’t mean it was worth £8 tho. That was my point. The market got it wrong back then imo If the logic of £8 was right, we would be double that now. That said, it’s a cracking company, and I will be adding where funds allow, my only concern is cash. I have no concerns whatsoever about the ability of the team and management at Farn, nor the drugs. No doubt in my mind both T and Clev will be company makers in time, and with the bod and expertise we have it’s a phenomenally exciting company. But cash is a concern for me personally added to the very quick rise we had to £1.36p. Maybe we will see a natural retrace to around £1 until further news, who knows. My point wasn’t to discuss who bought what, or the rights or wrongs, I was simply saying imo the company was overvalued at £8 based upon pure fundamentals (hence today’s adjusted price at £1-£1.50)

Zen I wouldn’t but this not what we were discussing ;) Onwards and upwards tomorrow could do with some blue

Zen, I’m not here to prove anyone right or wrong, as I’m sure your not here to prove me wrong ;) but ask yourself if £8 a share was a true reflection of the company. No/minimal trials, no/minimal data. Just hype Hence compare data we have now as opposed to at IPO and the mcap

If you believe pharm companies with pretty much no data and pure expectation, based on no data or significant trials, is worth £8 a share your mad ;) Whilst aim can get things wrong, the IPO and those prices were way off the mark

Zen £8 was massively overvalued here for a pharm of our sort. It should have never been at that price hence we are were are are now at a more realistic value

As a new investor is this bond announcement good or bad? Still researching but a lot to trawl through! Thanks

The settlement arrangements for the acquisition of the remaining 50% of Cornwall Resources Limited, holder of the Redmoor Tin and Tungsten project, have been renegotiated in light of changes to the Company's expected cash flows and we look forward to closing shortly." Sounds to me like it’s more a case of a “delayed completion” can’t see more money being offered. NAE and SML have a very good relationship. Imo it’s simply a bit more time and a new long stop date. If the price is agreed, the price is agreed. I believe (for what it’s worth) NAE know we are a serious buyer, will have the funds, already have skin in the game, and also know that no one is suddenly going to step in an snap it up. They need us like we need them so it’s in both parties interests Likely the date for completion was legally set as 27th and the “renegotiation” is as simple as changing the legal wording to reflect the delay