Member Info for TopCatz

Morning MrBB and Panda. I agree on both counts. Directors buys and an interview would both be handy. There is the possibility of an entry about 2p off from where we are but it s always a bit of a ballsache to get the perfect entry unless you have DMA. Lots of people can see what I can so there will be orders there so unless you're lucky it will be the dreaded negotiated trade message which I just don't do. Somewhere like here is ok though. Basically you end up paying a bit of a premium but you get in. I've got a lot now so I'm happy to see if that 23.5/24p becomes available. Even if you can't get in if it bounces off that it will be time to pile in if you can.

I still think the market hasn't understood what's happening. Those 3 health insurance contracts and that's how the USA works after all, are big news. More of those please. I think management think the same and that's why they thought it was a good idea to RNS yesterday. They didn't bank on how un-researched and fickle the market is. Seriously, most punters are totally clueless.

Within 6-12 months it will be a completely different outlook here.

GLA

1 did say Friday or Monday. It was in the charts. Hard to fathom how they can align with news but they often do. I'm going to watch how this settles and may dip my toe in on Monday. GL LTHs. You are a very resilient bunch!

Good post Digger and good to err on the side of caution. There is a also a large one off payment of something in the region of £10 million (long termers will know the exact figure) due from china on completion of phase 3 trials. Can someone confirm please. Not guaranteed this year, or at alll but it's there. The market will be mind blowing if it gets off the ground. The market cap is only £58 million and they are on course. The market has got it plain wrong and I've changed my stance now I've slept on it. Topped up yesterday and thought I had enough but i have powder left in the coffers so will add over the next few weeks if sellers want to give them away

Ok. Jammy. He's picked it up off the advfn board which I've read since. There are targets to the downside as well as upside of course but I can't reconcile with anything:)

tp 16p

Jolly. I'm looking at my chart. How do you get that ? Genuine question and not having a pop. We all do what we want anyway :)

I get all that and I get how it reads but we have to remind ourselves of the recent analysis they did and that they highlighted they should have enough for 12 months.
We also have to take into account the frontloading of expenses. They're up and running now. That bit's been ticked off.

That leaves us with 2 outcomes. (3 if you're pessimistic :)).

1. It'll be tight, but they ramp up the sales impressively over the coming months. It sounds like it's literally just started and probably why they've updated earlier than they had to, ie why not wait another month. They did it now because they are happy enough imo.

2. They run out of juice, and no milestone payments come along to save them. In that case I'm pretty sure it's been stated somewhere that they would raise via debt. £10 million against rising sales wouldn't be too difficult. This scenario is the back stop to the preferred outcome.

3. bog standard placement. Never say never but i'd hope not.

I would rudely risk assess this as 55% chance of scenario 2 later in the year. 25% chance that exponential sales curve really kicks in and 20% a placement. They know damn well what that would do so unless they can't raise debt (is that really likely?) if they have to, and it's the only option. I'm guessing we won't see it.

Just my opinion but wtfdik..............................as they say

Best buying opportunities are always going to be on days when everyone's selling but it's tricky Sea.

Don't listen to anyone, including me, just follow your gut. Could go up, down or sideways as always.

I'm very much loving the noises coming out of Guident and Salarius though and have practically forgotten about LUCYD and Belluscura for now but they're progressing too of course !

Nice coverage Bazza.

Fanfare ! :)

Me too. Literally at the same time by the looks of it. I added 10k this morning and another 15k just now. That's me done here with a low average (just over 30p now).

It's been smashed on this RNS even though they're within their targets. The market just wanted more. Totally oversold now so, even though there maybe be slightly lower entries to be had , it shouldn't be much lower and there can't be a limitless supply at this price, makes no sense.

Hopefully we'll be looking back at this day in a few months and remembering what an opportunity it was.

I'm sure there will be a positive interview on the cards and there will be more News. Those contracts with health insurance companies in the states is exactly how this is going to lift off. More of that would be good :)

He still sits on the board so is still involved.
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I'd missed that. Thanks for info CM

Yes CM22

Kind of what I meant by possibly being over critical, but there appears to be a change in wind direction since he's gone, which could amount to fortune and riches for us all. He still owns his 5 (or is it 10) % of the company though I assume so will be rewarded for his input, i'm sure :)

Site is awful today.

Fabulous to hear they are reaching out to the UK and Japan with microsalt. It really looks like it's gaining traction. Hate to be critical when I don't hold all the facts but it looked like this needed Victor to move on before Microsalt does.

So much to look forward to with Guident warming up too.

Great share

Regarding the cash burn. I would imagine a lot of costs are front loaded so will reduce whilst simultaneously earnings increase. They did an analysis (I think it was in the last RNS) that suggested they could/should be ok for 12 months but the worst case scenario was a cash call. They have to cover all the bases so with one eye open there's reason to be optimistic. Can't quite recall but there may be some one offs coming there way too. Disappointing market reaction but once the sellers are out we should see a steady build from here. Hold or top up

Cinnamon, humans and highmark are health insurance companies I assume. That will be the way to go stateside I imagine

Yeah. Not sure what I wa expecting but the key takeaway for me is significant growth in Q3 and Q4. Gives me the impression it's becoming embedded in the system and starting to take off. They've met their guidance targets too so looks like it's all on track

Probably about 'expected' I'd say Stu. It will be on an exponential curve though so as with all these things, a month, by month breakdown would be far easier to assess. If half had that had been in the last 3 months of the financials etc, it would show how fast this is gaining traction.

Also not sure where those financials run up to so will already be out of date so could be much better.

In essence we're still guessing but it looks alright and with Clifford Gross in the back ground you know they will have done their homework on the valuation and timing of the float.

Morning all

Hopefully a good day to consolidate on the excellent Salarius news. Wouldn't take a lot of buying to get this moving North.

'Coiled Spring'

Could March 27th be significant?
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I'd say before that. This Friday or Monday.....................................

Looking good Gheko.

Demand is there. I can dummy sell a large amount so there are orders waiting to be filled imo.

Everything totally on track with yesterday's news :)

within Q1 so anytime over the next 6 weeks.

Time to buy/top up now. It will rise in March in anticipation of the results for sure