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You would expect that to be the case wouldn't you.

Pretty good vote of confidence though isn't it everyone!

Haha sounds about right WG. It does happen regularly though doesn't it?! Shares dropping on good news. Especially when they've had an expectant rise beforehand. I expect this to edge back up. We're looking at £11million plus revenue already this year, with Q3 being "cash generative" for the first time, and the market cap is sat at just £16m!!

Wolf - IMO it's just dropping because people are getting bored and moving their money elsewhere, and because there's low volume the price is dribbling down. There's good support at this level and it climbed to 8p-9p on just an old article being shared and then the RNS confirming that they're in talks multiple potential deals for the coking coal. Nothing really has changed since then except peoples patience. Deals like this take time, but it certainly helps having more than one deal on the table. Now sat at £16m market cap, so considering the potential for an RNS coking deal landing any day now, I've been buying at these levels. Looking forward to hearing more about the gold projects too. GLA.

I was building a decent sized position here yesterday. In my experience, IMO its times like this that are the best time to buy. A company with strong foundations, good products/services and news on the horizon, but with a current low sentiment and lots of people battering it on boards making people panic sell. The share price will turn around, just like it did after the breath test spike and panic selling months last year. I never thought I'd be able get back in this low. There's a lot of people out there that seem to buy on hype when the share prices are inflated, and the always lose out. Just do the opposite.

That's exactly what I've just done Jackunion. Don't wanna miss out on this opportunity!

Oh it's just ticked up as I wrote that post. 42p to buy now and going to negotiated trade on quotes above £5k.

I couldn't watch it live yesterday and it hasn't been uploaded to their website yet, but I'm looking forward to when it's up. I've been building a position all this week with my final lot purchased today. It certainly looks ready for a move up from here IMO. Gotta love buying a share when it's quiet/on the low when you know the potential of what's coming.

Hopefully they'll clarify what kind of test soon, but yeah it could be lft. I'm just guessing really, trying to read in between the lines.

Didn't it say the test has to be done within 3 days? I would have thought that suggested it was an official timed and dated PCR test. I guess we'll find out soon enough.

Ah okay there's an investor presentation on the 23rd.

A great day today for MHC. The share price held up well and looked strong on the finish. IMO we could see another nice day again tomorrow after the announcement from the US. As discussed on the board over the weekend, the market will decide. GLA

Hi Shandypants, what's the significance of the 23rd? I've been looking through the RNS's and can't seem to find a reference to it, so I must have overlooked it. Have they said they're releasing an update then?

Yes Krazy I agree, which comes back around to what you said I guess FF, the market will decide. Apologies I didn't mean to offend. We shall see what happens next week, it will certainly be interesting.

I mean, surely it shouldn't matter what I think, because basing investment decisions from random price predictions on boards is a recipe for distaster, but hopefully you weren't going to do that. But since you've asked, the support is strong at this level. We've had an upbeat after hours RNS indicating that sales exceeded May and Junes, results due on the 29th with an investor presentation expected as well. I personally think there was a lot of panic selling last week. If MHC were expected to sell £1.5m-2m per month/£20m annual revenue long term then the market cap would be over £100m. As it stands it at £16m so I think the PCR news is more than priced in/oversold. As I said in a previous post it was going to NT's on Friday for buys of £500 at 2.2 so I'm expecting a move upwards on Monday and then continued progress after that.

Good luck with that LP...

Are you still invested here LP? I saw a 600k sell at the start of the week and assumed it was you.

No I didn't buy on the high. I've been buying all this week though because IMO it's now way undervalued. £16m market cap with £6m/7/8m+ revenue on the cards. I understand your point that the future product sales are extremely important. Absolutely. But that doesn't mean the results and amount of money we have made are worthless to the company. There are numerous reasons why the results are important and so will lift the share price. I found your comment naive and so assumed an alterior motive. I'm not going to filter as this is what these forums are for discussion, and it's okay to disagree in a respectable manner. Also, there are reports that holidays and flights are up 200% since the announcement, and many people will still need fit-to-fly tests as the RNS stated, so there is still money to be made from PCR tests even if we are all now looking ahead to the new products.

FF - Of course the results at the end of the month matter! Did you by any chance downsize your position here last week and are now regretting after that late RNS? Genuine question, because your posts seem very negative for someone with a supposed vested interest. It's almost as if you want the share price to stay low. I guess we'll find out on Monday and the run up to the 29th how it will effect the share price. I'm expecting a different reaction to you that's for sure.

By the way it was going to negotiated trades on just £500 quotes in the last half hour on Friday. That was even with all the doom and gloom. After that RNS it should be an interesting morning, and the following week. All IMHO of course.

That's not as bad as I thought it would be to be honest. I thought they might scrap them from the start of October. It means we'll get another 6 weeks of PCR test sales from passengers returning from non-red list countries, and still get sales from red listed countries longer term. People will still need fit-to-fly tests as well depending on the country they're flying to.