The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The market for DEV is not the UK, where career guidance is already embedded in our curriculum and people are employed as specialist career guidance advisors.
The market is the likes of India, China and SE Asia where career guidance is virtually non existent at present.
That is until DEV arrive!
Olderandwiser, it's in the approved prospectus:
blencoweresourcesplc.com/wp-content/uploads/sites/23/2020/03/Blencowe-Resources-Approved-Prospectus-and-Notice-of-Annual-General-Meeting-30-March-2020.pdf
There was testing done on some drill samples prior to Blencowe purchasing the project. The scope of this testing was fairly limited and they achieved something like 93%. The report states that with further grinding / floatation stages a purity of above 94% should be achievable.
This is where SGS in Canada will come into their own in terms of researching the optimal processing techniques to get the maximum flake size and purity.
97% purity sounds encouraging.
I've posted before that I see the biggest risk as not achieving the magic 94% level. Previous testing results were lower than this.
Does anyone know if the call is available to listen to. I had work / homeschooling commitments.
They pretty much told us there wouldn't be a prospectus today given the subscription was dependant on them a) issuing one or b) not issuing one.
But for the recent gains to continue there does need to be confirmation of revenues or it could easily drift back to low teens.
Predictable day more like.
Although I do agree there were bullish signs in the amount of buying when the SP dropped into the 18s, Duff and Co can't buy all the shares.
I think it will drop again over the next few days finding support on the 20 sma at 17.5p. Signs are it'll be back up to test all time highs soon enough though.
I'm not that angry.
Just checked and their twitter account posted only 2 days ago that the JORC would be announced in early Q1.
Monday could well be the day, why else would they arrange a rather short notice conference call.
Great Post Renroc. And to be fair I think Bottmzup was genuinely trying to warn investors of a classic pump and dump trap. However, I personally think RJ, Duff and Akers are way above that, but you never know.
I do think the SP could be in for a sharp pull back on the basis that I don't think a prospectus will arrive on Monday. And even if it does I'm not convinced the revenues from the NISA deal will warrant a near threefold increase in the share price. My thoughts are it will be a Freemium model with no guarantees of sign up to the premium service from individual schools.
Longer term as they broker more deals in India and further afield DEV is a no brainer. But short term I wouldn't be surprised to see this fall back to the 16p level.
I hope I'm wrong and this hits 30p on Monday, but as with any investment you can't ignore the risks.
Been studying the chart for MANO and it looks ripe for a trend reversal.
20 sma is just about the cross above the 50 sma for the first time since July. Definite rounded bottom to the lows. Share price now above the 20, 50 and 100 sma.
Providing Premier Miton have finished selling this could rise quite quickly. First resistance level is likely to be 380p (200sma).
The fundamentals are there and now it looks like the technicals are also bullish for the first time in six months.
Been doing some research into BIDS competitors as for me this is probably the biggest risk to their success. There doesn't appear to be much information regarding who is working with who.
Rapid-fire and Anzu appear to be the only other companies who have worked with the bigger developers. Everyone else seems to be more geared to the simpler mobile phone games.
Anyone able to shed further light on this?
Given how long it's taken BIDS to refine their tech in the test phase, its going to be difficult for new companies to just burst onto the scene. Bigger developers will only work with those they trust which bodes well for BIDS.
Been screening for a new investment for a while and out of the hundreds I must've looked at, BIDS was at the top of the list by some distance. The potential market is clearly huge and with the forecast growth in e-sports, the emergence of dynamic in game advertising has come about at an opportune time. BIDS look to be very well placed to capitalise on this.
Not sure if anyone on here contibutes to the Bidlievers site. If so, thank you. I found it very useful when researching.
I finished accumulating this morning so very nicely timed. Does anyone know when the TU is due? 11th Feb last year so presumably a similar time this year. Fingers crossed the revenue growth in H2 demonstrates what is to come.
Those samples have been at the labs for a fair while now. I find it hard to believe they don't have some results if only preliminary.
I doubt they'd have obtained £500k worth of investment if bad news was on the way.
A positive sign IMO.
So what's the consensus, will we finally get a prospectus or not?
Delayed several times already and ICJL subscription not dependant on one being issued.
Really hope it is otherwise could be quite a pull back without sight of revenue figures for the NISA deal.
Fantastic day for all who are long. Even with the recent rise, P/E is still around 5 so cheap.
Considering that profit has been made despite Covid, and the digital revenues continue to grow, £3+ is the target this year.
Short term it may pull back but previous resistance in the 170s should now provide support and a good top up opportunity.
Now for a beer!
It will be a very positive sign if we hold the recent gains now that most of the country is Tier 4 and stores are closed (again).
Post Xmas trading update due next week. I know my wife has hit the online sale hard as I'm sure others have. If we get a positive update can see 200p shortly.