Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You're right Rosie. We could have more great news next week, or nothing for months. I'm happy to watch this every day (along with many other companies).
Also major, I have to disagree when you say that the people waiting for a low price are being greedy and taking a risk. Uninvested capital is at no risk at all. Many companies each week have their sp shoot up but I'm not losing anything by not being invested in them all. If this share never hits my entry price I'll just look elsewhere. The risk is entirely with the shareholder.
I agree with the sub 20p nicetomichu, on the basis that if the company is no longer for sale then more cash raising/dilution will need to occur. They've got cash to last until the middle of next year but the tests from Dr Reddys and the unnamed pharma could possibly take years before a license deal is even drawn up (if theres one thing ive learned from this its that medical trials take an awful long time!).
Resorting to slander now? At no point have I told anyone to sell, or take any specific action at all, only recommended caution and patience.
If you are going to average down, I'd reccomend waiting for the price to settle. 'Never try to catch a falling knife', as they say... There's a good chance that in the absence of further news this could return to the pre-rns levels (or maybe settle slightly higher). Also I'd say don't average down if it means you're overexposing yourself; this is a pretty risky share. All imo, dyor etc.
The shorters will make a lot of money over in the US, because it's so easy to predict. The sudden rises happen without warning but the sudden drops happen each time afterwards.
The Secura Bio conflict does complicate things a great deal. How can a potential buyer value a company if it may or may not potentially lose one of its most important assets? Plus any ongoing trials with MTX110 could essentially be a huge waste of time and money if Midatech can't nail down that license. I hope they can get that sorted before long.
Nicetomichu, as the other long term sufferer here, I want to buy you a drink! It's been a rough ride over the last year but I've finally escaped (with a profit, not just a minimal loss!). Might buy back in if this sinks back into the 20's though...
They mentioned reporting the voting pattern to the relevant authorities. Does anyone know who this might be? Is there a rule or law against parties acting in concert in such a way?
It sounds like GMS have a loophole, in the sense that if a board becomes too small to function properly they can reappoint board members... Sounds like its business as normal, so Seafox need a plan C now.
It is encouraging. I don't feel I can rest easy until the Secura business is concluded, but it does sound like the company has good prospects even in the absence of Mtx110 (but lets be honest, the company have put piles of shareholders' money into funding it so it would be tragic for it to result in nothing).
Obviously their proof-reader was one of the ones made redundant. At least it sounds like there's some interest in the company. I just hope they get a move on and start making offers, I'm so tired of this company now...
I'm hoping there will be an RNS tomorrow which will explain their motive for wanting two people on the board and what they will say to pursuade shareholders to vote in their favour at the general meeting.
Wonder if having two men on the BoD would allow them to have another go at bidding for the company.
I'm not sure. I'm in the same boat (no pun intended) as you. I thought there would be lots of discussion, especially with the sp drop. I'm interested to see what Seafox do next, their hands are pretty tied at the moment but I'm sure after the placing their chance to takeover GMS for a low price will be over.
So with Blackrock out is that the end of the Woodford saga?
If that were the case, it would be wierdly not too far off them 'selling' MTX110. Probably not the best deal but if they got a fair amount it could open up other options.
No Starbuck, im saying Secura would need to compensate Midatech for the withdrawal of the license. Or at least negotiate something more pleasant than simply snatching it off them.
I'm far from an expert but my guess that this 'good faith' negotiation would be for Secura to terminate the license in a way that benefits Midatech. Perhaps with monetary compensation or such like.
Well if they do have a strong case, I hope they sue the hell out of Secura...
Christ, everytime you start to relax, Midatech drop another bombshell...