Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
rxdv
Why are you so angry?
Why do think 'Being here longer than you' means anything at all?
I don't know who you are, not interested to be honest.
Merely voicing an opinion as I have interests in ABDX - which is also a stack.
I don't want to see anyone losing money - it's bad news.
Here's one for you all.
Can you imagine if someone walked on to Dragons Den, and said I have a Biotech firm that I would like you to invest in. The Dragons listen to the pitch and they offer 10% of the Business for £18m valuing the total at £180m.
They ask how much money are you currently making? To which they reply, well, Turnover is nearly £4m and we're losing £18-19m a year in R&D and associated costs. BUT the potential here is massive.
Can you imagine what would happen? Would they be rushing to throw cash at it?
It would certainly make for interesting Television.
But what do I know - I'm just a Scum bag
rxdv
No need to get nasty.
One of the big problems on the BB's with inexperienced investors is that they fall in love with companies - we've all been there.
Ramp? De-Ramp? I'm merely voicing an opinion that you don't want to hear.
There are no forces at work other than yesterday's RNS and the fact that the market cap is still huge. You cannot simply look at the share price and say it was circa £1 last week and now it looks cheap at 70p.
The company valuation went stratospheric when covid hit, and is retracing now.
It still looks expensive IMO.
Any thoughts?
Is it just me, or is everything to do with ABDX/ODX/AVCT a complete sh*t show?
Everything is always stacked against them, in a marketplace that they should have smashed.
My big worry now is that the boat is sailing away. Covid seems to be (thankfully) moving into a more manageable phase, on the back of the Omicron variant, and its milder symptoms.
Yes, we're down to a relatively cheap valuation - especially when you look at the ridiculous valuation of Avacta at over £200m. But, where do we go from here?
Did you know that Warren Buffet will only have a plain McD Burger if he's had a bad day with his P&L?
But, if he's had a great day, he feels he can make the upgrade to a Cheese Burger!
God knows how he's not had a Heart attack eating that crap.
Legend
The bid is an all-share situation - 7 Ince Group for 12 Arden.
When the bid came out in Oct, Ince was trading above 50 pence. Now they're trading around 34 which puts the bid around 20p.
This morning's trade is appalling broking - the average price is 20.25 if you hit the prices at 21 & 20.
Really?
Is it the announcement you were expecting?
No - it's somewhat flakey IMHO - that's why it got smashed on the open.
The reason it opened up is that one of the MM's didn't read the RNS properly - and they got filled.
Welcome aboard Mr gshivers!
Free float is small, Trevor Brown is fully backing the company and putting his money where his mouth is 29.9% is not too shabby right?
The company has turned the corner IMHO and is making solid progress.
If any institutional holders want to top up, or open a new position, then they're going to struggle.