Amarin Share Discussion Threads

[olivercromwell] 24/4/2007 23:31

MM,

thats plenty of cash. any idea what the cash burn is per month? One can only assume that the drug that failed phase II was the flagship drug. Gonna take a look and see what tomorrow brings. The MM's always over-react to such 'damning' news but then they're not pharma experts are they, so is the fall justified or not?

I suppose its a loss of faith in the company and its expertise and astuteness that undermines confidence in a stock price but who are we to argue with the market!

Might have a punt in t'morning.

What other drugs in phase II dude?

Cheers

OliverC

[money mad] 24/4/2007 23:20

29 million dollars btw

Look at the potential market fo r depression 14 billion, parkinsons 5.6 billion.

This could be a great recovery stock. Be interested to see if they make anything more of results after looking in more detail, however, im sure they have been thorough as you wouldnt want to come to market with news like this unless you had to.

MM

[money mad] 24/4/2007 23:13

it says in the rns 29 million as of end of march 2007 -

Any help?

[olivercromwell] 24/4/2007 23:00

MM,

whats the cash balance?

regards

OC

[money mad] 24/4/2007 22:59

also noticed a 5ok buy earlier at 16.14 on lse not huge but there obviously more buyers at this price than sellers.

good luck all

im holding and topping up tomorrow. talking to myself here is not much fun but i have persuaded myself to stay put and top up lol

MM

[money mad] 24/4/2007 22:55

looked at other recent market shockers such as jsp and bfc and they bolted under bad news by 55% ish. They have slim futures / increasing debt / cash flow problems and they still recovered by between 30-50% from their drops.

Amarin has plenty of cash and if you look at its product portfolio it has plenty of other products - yes Miraxion has failed for Huntingdons disease but what about depression and other CNS diseases. We have current trials on these which are promising. Take a look at the website for more products. NO other corp has managed to really make a break through for Huntingdons disease so shouldnt have been a dead cert anyway.

We have the people, we have products in phase 2 trials, we have cash we have been oversold!

DYOR

MM

[money mad] 24/4/2007 22:26

so it finished higher in US than UK finish at 0.83c up a bit. Buys well outweighed sells. Will see what tomorrow brings..........MM

[bozzy_s] 24/4/2007 19:03

At 4.30 (close of UK market) share price in US was 77c. Currently 84c. You holders can check the progress by searching amarin to add to your monitor, and select the nasdaq listing.

[lbo] 24/4/2007 18:42

Another Elan related Failure! You would be better playing the lottery then investing any money with these guys.

I suspect Ian Hunter is hiding under is desk in Goodbodys after putting out this buy note the other day.

Amarin upgraded to "buy"


Friday, April 20, 2007 3:22:21 AM ET
Goodbody Stockbrokers

NEW YORK, April 20 (newratings.com) - Analyst Ian Hunter of Goodbody Stockbrokers upgrades Amarin Corporation (AMRN.NAS) from "add" to "buy." The target price is set to $5.70.

In a research note published yesterday, the analyst mentions that the company's Miraxion is one of the most advanced drugs in a comparatively thin pipeline of drug candidates for addressing Huntington's Disease. In case Miraxion hits its Phase III endpoints and reaches the market, it is expected to generate revenues of more than $80 million in FY08, with sales rising to $243.7 million in FY10, the analysts say.

[money mad] 24/4/2007 17:43

doing bit better in states now

[money mad] 24/4/2007 17:24

a little lets hope it pushes a bit more :-)

I just read some analysis on this situation

3 bullish probability indicators. 2,
2 bullish confirmation indicators. Neutral, short term (1-6 wks)

2 bearish probability indicators. 60%, Bullish
1 bearish confirmation indicators. 40%, Bearish

MM

[patricktrfc] 24/4/2007 17:22

Picking up in the states....

[jarvisd4e] 24/4/2007 16:35

all the board members are shouting "DOH, DOH, DOH" in unison with each other if that's any help mat!

[patricktrfc] 24/4/2007 16:31

Mad




Regards

P

[mr mat] 24/4/2007 16:28

also,of march this year, a lot of shares were purchased by members of the board,at a much higher price than at the moment.i dont think they are gonna be saying" sod this for a game of soldiers,i,m off for a bloody holiday for a month.

[money mad] 24/4/2007 16:26

patrick do you have a link for a website to view this

[money mad] 24/4/2007 16:24

yes if it was info that could destroy the company this is only one bit of this company from what i understand.

Oh well - well see tomorrow

interested in anyone elses comments if your reading this

MM

[patricktrfc] 24/4/2007 16:24

At least we will not have to wait for the open tomorrow to know the price, the main market is the US, which will give a good indication by 9.30 tonight.

Any close above $1.10 would be an excellent pointer.

P

[mr mat] 24/4/2007 16:23

they have a few ongoing clinical trials, at stage 2. the epilepsy,the treatment for depression in women. there web site does make good reading.

[bmw30csl] 24/4/2007 16:22

jarvis, id have to agree.

[jarvisd4e] 24/4/2007 16:19

bad news usually means at least two days of falls followed by dcb.

[money mad] 24/4/2007 16:19

mr mat - reasons? please thanks

[mr mat] 24/4/2007 16:18

fwiw, i believe this will be back up around the pound mark within a few weeks.

[money mad] 24/4/2007 16:17

can anyone who holds please converse with me - im just interested in peoples opinions with facts - not statements like "should go down on wed"

WHy - give me reasons please - bec i cant see any at moment.

MM

[money mad] 24/4/2007 16:15

so far its just MMS marking it down - not many sells at all

but will wait for delayed trades before conclusions are made.

MM