focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Thanks, I missed that one.
3x850k trades sort of confirms my suspicions.
They must be nearly out.
Top up time next week.
It’s already been signed.
The MOU of November 21 was upgraded to a Royalty Agreement in Feb 22.
I noticed a few chunky trades yesterday in particular and that thought crossed my mind.
I think they shut could have shut up shop for a while when it fell below 2.1p.
Seen it before on various shares.
All systems GO!
September 22, 2023 - 9:01 am
SAN DIEGO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Conduit Pharmaceuticals Limited (“Conduit Pharmaceuticals”), a multi-asset clinical-stage disease-agnostic life science company providing an efficient model for compound development, and Murphy Canyon Acquisition Corp., a special purpose acquisition company (Nasdaq: MURF) (“MURF”), announced today the completion of the previously announced business combination (the “Transaction”).
Conduit expects to commence trading on September 25, 2023, under ticker symbol “CDT” for its common stock on The Nasdaq Global Market and ticker symbol “CDTTW” for its warrants on The Nasdaq Capital Market.
At the debut of trading, there will be a pro forma enterprise value of approximately $720 million. Existing Conduit Pharmaceuticals shareholders will own approximately 90% of the combined company’s common stock issued and outstanding as of the closing.
Immediately prior to completion of the Transaction, MURF closed the previously announced investment by a single institutional investor, which purchased $20.0 million of MURF’s units at a price of $10.00 per unit in a private placement. Each unit consisted of one share of common stock and one warrant to purchase one share of common stock (the “Offering”). The warrants have an exercise price of $11.50, are exercisable after 30 days after the completion of the business combination and expire five years after the completion of the Transaction. Together, the Transaction and the Offering, provide Conduit with approximately $20 million, after giving effect to Murphy Canyon stockholder redemptions and before payment of Transaction and Offering expenses.
The Transaction was completed on September 22, 2023
He said he’s in China next week.
I suspect he’ll only “report back” once his discussions over there are concluded.
Thanks for taking the time to reply to me.
Both of your posts cleared up a few questions that I had.
I’ve been busy the last few days, so apologies for my late reply.
It all seems to be coming together nicely and I look forward to a successful USA trial.
We can certainly agree on the fact that the real movement here will be in proving the test via the trials now that funding is 99% out of the way.
VV
I’d welcome OAPK20 and Neilin’s opinion on this latest RNS.
Tia
VV
If only there was somebody out there who could potentially dump £3m + change into our coffers.
That’d come in handy.
Volumes are light, so we could get a shake as the mms like to do - was 76.4p this morning and now we have hit 79p looks like some sellers are coming into it. Looking at the 77.8-78.2p level to hold.
————/
I thought I’d take this poster off filter, given the number of posts. Anyway, straight back on filter.
For a so-called TA trader, talk of MMs shaking the sp says it all on a SETS traded share.
Back on filter.
“Not sure how long you have been on the LSE, but I started FT trading back in 2008 - 15 years later I am still doing it as a bit of a hobby and not packed it in - tells you its own story tbh. “
A cursory glance at my profile would have negated the need for your question. For the record, being a member of LSE is not a qualification.
I started, somewhat by accident, trading into and out of the dot com bubble. That rise made the recovery from the 2008 financial crisis look like a mere ripple.
15 minutes or 15 years means little, particularly when most of your predictions seem so short term and are often way, way off the mark.
Best that I use the filter facility as I see only one thing…somebody talking their own book.
Have a nice day.
Seems to me that you omitted a whole load of your own inaccurate narrative in your last post.
And please don’t talk about gaps.
As a previous poster suggested, give it a rest.
Trying to understand your post.
How many guesses will you give me?
You’re not droning on about gaps again, surely.
Give it a rest.
Please
VV
@Beadlem.
Can you explain how a treeshake works pls?
I’m 61 and proud of it.
What’s your point?
Do your own research.
I’ll bet your parents are proud of your views of older people.
E
Seek financial advice. Your questions on going concern demonstrate that you need to.
Quite the contrary, girl.
Your SOP is far too sinister.