Member Info for Storey89

It’s from a January RNS

These two lines in the RNS;

research on and evaluation of an additional asset to add to the Company portfolio

"Whilst we are well funded for all existing work streams these additional funds will enable us to plan for follow on studies and more product focussed experiments as we move towards collaborations."

They require a placing for product focussed experiments as we move towards a collaboration. Surely they know what these experiments are or how do you know how much cash you need to raise? Has a 3rd party asked for specific tests relating to their product?

At times I'm amazed many people on these boards make any money. Everyone seems so involved in the day to day movement, even the intra-day movement.

If you like the look of the company, back yourself and close the google ticker window for a few months.

Quick heads up to anyone new to investing or those without experience of large dividends.

You get hit with tax on dividends at a much lower level than capital gains. The share price is 57.5p but if you've got a decent holding a 42.5p dividend and resulting share price of 15p is certainly not the same thing.

Say you buy £10,000 worth now and you're a higher rate tax payer. You'll purchase 17,391 shares (approx.) x dividend payment of 42.5p = £7,391.

You get a £2,000 dividend allowance, however, you'll have to pay 32.5% tax on the remaining £5,391. The result is a dividend worth £5,638.

This means you need £4,362 from the share price after the dividend just to recover your £10,000 investment. £4,362/17,391 shares = 25p to breakeven.

In my opinion there is money to be made here but for those less experienced just be a little careful.

I don't mean any offence to anyone here but Braveheart are an investment company. They're basically a bigger version of us sat on this board as individuals. Most people here are trying to make a few grand yet they seem to be telling the CEO of a company that just returned £18m what he should be doing...

It rare I actually give someone advice but do not sell them before the 11th in you're in at 36p!

For context that 8p valuation is the value of their net cash position and puts no value on any investments they have.

That's exactly what will happen. It's down to you to decide whether that mass sell off will leave the share price above or below 8p (if you buy in at 50p)
My opinion for what it's worth is it will get close, then investors will realise it has left the company with a ridiculous MC and it will rise again.

Well they're giving out £15m in dividends at 42.5p, that means the remaining £3m is worth 8p. Giving a share price today of 50p for their cash reserves which means we have no value allowed in the current share price for their investments.

I sold out about 2 months ago after being here about 2 and a half years. I spent every morning for about 2 weeks terrified of seeing a 1 about that RNS button and ended up buying back in. I think it's got me for life.

Brigade stopping the rise first thing. Wait until 9am and we should start to see her go.

I bought GGP at 2.5p and sold at 10p. At the time I was thinking you can't complain about bagging 4 times. Error.

In for the ride, bought a few weeks ago at 7.8p, watched it slowly tick back down but looking a lot more positive now.

Also, it still amazing how many people invest their hard earner and don't understand the difference between share price and market cap.

Have a look on my twitter @DStorey89

I'll leave it on for 10mins for you to grab the photo.

MM's want this up now, looking good for a run.

Quite even but it's changing very quickly this morning. Looking more positive than negative though.

MM's having a laugh here, 0.035 - 0.040 spread but you can but you can buy at 0.037 and sell at 0.036 so everything shows as a sell.

Up almost 30% this morning with no RNS, ramping on the BB and people getting involved without level 2 visibility.

Plays straight into the traders hands.

It's a fair point and I would share your concern if it wasn't for a couple of things. Sirius had seen the benefit of the product on the share price and it was rising to reflect that, our market cap is £4m. If we we're sat at £60m with the company saying they don't have the funds to continue the drilling programme I'd be concerned. Thankfully that's not the position we're in.

Simonsfuture, it's not on the verge of a rise... put it that way.