Amryt Pharma Share Discussion Threads

[papillon] 24/10/2017 17:07

AMYT has been in a downtrend since April. Will the downtrend continue? Could we be due a bounce?

I seem to have picked a dog to invest in, unfortunately. WOOF, WOOF! LOL. I'm a masochist! LOL.

An AMYT chart showing volume & 14 day RSI. Make of it what you will.


free stock charts from uk.advfn.com

[papillon] 24/10/2017 16:48

Best of luck, volsung. Who can know where the AMYT share price will bottom? Regarding the MA crosses if the 50 day SMA falls below the 200 day SMA it WILL NOT be a so called "death cross" because the 200 day SMA is still rising.

[volsung] 24/10/2017 16:32

Well good luck papillion. I usually buy with low RSI but don't like the ma crosses. I still have an interest here and may even buy back the shares I sold today if I see a reason to.

[papillon] 24/10/2017 16:27

Well we have dropped below the 20p support. AMYT is definitely unloved! All it needs to a bit of good news, but will we get it before 2018? Who knows? I definitely don't

Wrong time to sell, volsung, IMO. 14 day RSI is well oversold. BUY when it's oversold and SELL when it's overbought according to the RSI. I've had a small top up today sub 20p. After all the BoD bought over 900k of shares between them @ 20p and the largest shareholder (Software AG) significantly increased it's stake in the recent placing. That's bullish IMO. If it falls further I'll have another small top up.

EDITED

[volsung] 24/10/2017 16:11

Sold half of mine. don't like the chart.

[papillon] 24/10/2017 12:03

Couple of small sells gone through at 19.50p. Below the 20p placing price! AMYT is currently UNLOVED. Probably a good time to top up, with further top ups if it goes lower.

[dmk1198] 23/10/2017 22:49

Are we on wrong BB?

[volsung] 23/10/2017 21:31

I thought this was a pharma lol

[jacksonpollack] 23/10/2017 20:34

You seriousely believe that? So all the data worth millions was just thrown away? Behave yourself any and all data is an asset and as such any info on tendrara. The fact that the option was not taken up to take tandrara further is erelivent. All the info on it would still be held by fastnet and all FASTNET assets went into the trust.

[papillon] 23/10/2017 20:29

Yes, Jacksonpollack, the Morocco seismic data held in the bare trust (RNS dated 18/12/15) relates to Foum Assaka and NOT Tendrara as you seem to think. It follows on from the acquisition of Pathfinder (which became the FAST subsiduary, PHVL).

Pathfinder acquisition was announced by FAST on the 18/7/2012



The aquisition of the 3-D seismic data on Foum Assaka was first announced on the 16/10/12



"Initial exploration

The initial exploration period under the Foum Assaka Licence is two and a half years, effective from 1 July 2011 (the "Initial Exploration Period"). During the Initial Exploration Period, KEDM and Pathfinder have agreed to acquire, process and interpret 2,500 km(2) of 3D seismic data, the minimum exploration work programme agreed with ONHYM was for 500 km(2) of 3D seismic data ("Minimum Exploration Work Programme")."

PS. So that sorts out the data held in the bare trust set up by FAST for the benefit of shareholders on the register by the close 16/12/15. It consists of 3-D seismic data pertaining to the Celtic Sea licenses that were held by FASTNET OIL & GAS (IRELAND (FOGI) and Foum Assaka, offshore Morocco, held by PATHFINDER HYDROCARBON VENTURES LTD (PHVL). Both FOGI & PHVL were subsiduaries of FAST.

Unfortunately, Jacksonpollack it doesn't contain any seismic data pertaining to Tendrara.

[papillon] 23/10/2017 20:01

The RNS dated 18/12/15 seems to contradict previous RNS's concerning FAST's Morocco assets. Am I missing something that only a long term FAST shareholder can explain? Did FAST keep control of some seismic data concerning Foum Assaka (offshore Morocco) AFTER SURRENDERING their 12.5% interest in the license (RNS dated 4/9/15)? FAST couldn't have kept any data on Tendrara because they never had an interest in Tendara, apart from an option to farm in, which they never took up?

EDIT: "Did FAST keep control (via their subsiduary PHVL) of some seismic data concerning Foum Assaka (offshore Morocco) AFTER SURRENDERING their 12.5% interest in the license (RNS dated 4/9/15)?"
That, on reflection, seems to be the only logical answer to the question of the Morocco assets mentioned in the RNS dated 18/12/15. Those Morocco assets can't refer to Tendrara because FAST never had a stake in Tendrara so how could they have had any seismic data on it?

[papillon] 23/10/2017 19:29

In fact Jacksonpollack the FAST RNS dated 4/9/15 states that the ONLY REMAINING O&G assets are those in the Celtic Sea, offshore Ireland, so Jacksonpollack I was CORRECT all along! The only assets in the bare trust set up by FAST (RNS dated 18/12/15) are those Celtic Sea assets. THERE ARE NO ASSETS IN MOROCCO IN THAT BARE TRUST. I accept your apology in advance; I do have a good memory after all.



" -- With regards to the Company's existing assets, the Board has decided to:
o Withdraw from its partnership and surrender its 12.5 percent paying interest in the Foum Assaka Licence, Offshore Morocco

o Incur no further substantial expenditure on the Company's Celtic Sea portfolio of licensing options and the Board will continue to examine all options to secure value for shareholders. Options under consideration include spinning the Celtic Sea Assets into a stand-alone entity. This would enable any value creating opportunities from the Celtic Sea Assets to benefit existing shareholders who would become shareholders of the new entity"

PS. If you think the FAST Celtic Sea assets were worthless then don't expect any return from the bare trust. If you thought the bare trust contained any Tendrara data you were WRONG!

[papillon] 23/10/2017 19:13

Unfortunately you are talking complete BOLLACKS as usual, Jacksonpollack. You state "You specifically said no tendrara date put in bare company, which was wrong.". No buddy YOU ARE WRONG and I'm right. The RNS detailing the setting up of the bare trust was dated 18/12/15. However the RNS dated 2/1/15 states that FAST NEVER exercised their option to farm into TENDRARA. The Moroccan data/asset that was placed in the bare trust was the "Foum Assaka Licence", offshore Morocco.

The bare trust set up for FAST shareholders has no Tendrara data (onshore Morocco), but instead data on an offshore Morocco license. I think you owe me an apology. Jacksonpollack.

"RNS Number : 0925B

Fastnet Oil & Gas PLC

02 January 2015

2(nd) January 2015

FASTNET OIL & GAS PLC

("Fastnet" or the "Company")

EXPIRY OF OPTION AGREEMENT TO FARM INTO THE TENDRARA LAKBIR PETROLEUM AGREEMENT ONSHORE MOROCCO

Further to the announcement of 10 December 2014, the board of Fastnet has elected not to exercise the option to farm into the Tendrara Lakbir Licence onshore Morocco. The option expired on 31 December 2014."









EDIT. See my following post. The bare trust set up by FAST contains NO Morocco assets, only Celtic Sea assets because by the 4/9/15 FAST had NO remaining Morocco assets as per RNS dated 4/9/15.

[papillon] 23/10/2017 13:18

I apologise, Jacksonpollack, for not mentioning the Moroccan assets, but you should also apologise to me because you didn't mention the Celtic Sea assets, only Tendrara, in your post 1772 Also I was under the impression that FAST relinquished their interest in Tendrara by not taking up their option which would have taken all, or most, of FAST's cash pile. I'm guessing that the Moroccan assets referred to in that RNS dated 16/12/15 do not include Tendrara, but I accept I could be wrong on that. If I'm right about Tendrara I will take back my apology to you and you can apologise to me instead!

I know next to nothing about the historic O&G assets of the company because I only bought shares in FAST when it was effectively a cash shell trading at a discount to it's cash looking for an RTO, or returning it's cash to investors. Unfortunately they chose the former!

I get the impression that the Celtic Sea assets (3-D seismic) were the main remaining asset of the old FAST company. I believe they spent US$18m on that Celtic Sea seismic. The Celtic Sea licenses were relinquished, but they kept the seismic data. I presume no O&G company is interested in those Celtic Sea licenses and hence no interest in the 3-D seismic. I know nothing about the Moroccan interests mentioned in that RNS.

[jacksonpollack] 23/10/2017 11:28

It is you, papillon, who needs to jog their memory about facts. Pay particular attention to the words Pathfinder Hydrocarbon Ventures Limited ("PHVL") which hold the Celtic Sea and Moroccan oil and gas assets.

Your apology is accepted in advance.

PPS. I have looked at that FAST RNS, and I do have a good memory; one of my few attrributes

Fastnet Hydrocarbons has acquired from the Company, for an aggregate sum of £1, the entire issued share capital of two of Fastnet's subsidiaries being Fastnet Oil & Gas (Ireland) Limited ("FOGI") and Pathfinder Hydrocarbon Ventures Limited ("PHVL") which hold the Celtic Sea and Moroccan oil and gas assets and liabilities respectively. The shares in Fastnet Hydrocarbons have been transferred into a bare trust ("Trust") established for the benefit of shareholders on the register of the Company as at the close of business on 16 December 2015, pro rata to their shareholdings in Fastnet at that date. Cathal Friel has been appointed as director of Fastnet Hydrocarbons.

[papillon] 23/10/2017 10:59

You have your facts wrong, Jacksonpollack! It wasn't Tendrara data! It was 3-D seismic data of the Fastnet (FAST) licenses offshore of Ireland (specifically the Celtic Sea).

That data originally cost FAST a lot of money. It was put into a trust fund for the sole benefit of FAST shareholders on the register on the 15/12/2015. That trust fund was lent £600k by the company. If there was no buying interest in that 3-D seismic data from oil companies by a certain time the trust fund would be wound up and any cash remaining from the £600k would be returned to the company.

Look back at the FAST RNS dated 15/12/2015 for further information.

PS. You have a poor memory for facts, Jacksonpollack!

PPS. I haven't looked at that FAST RNS, but I do have a good memory; one of my few attrributes!

[jacksonpollack] 22/10/2017 19:18

What ever happened about the tendrara data that was supposed to have been put into a company paid for by cathal and which shareholders of fast/amyt were supposed to get free shares in? That seems to have fallen off the radar and died a death

[barnes4] 21/10/2017 21:08

Farstnet!!

[papillon] 21/10/2017 19:43

Look at the long term chart in the header. The AMYT share price is resting on support. It held in August. It held in April. There's a very good chance it will hold now. The 14 day RSI is oversold. Now could be a very good time to add. I'll probably have a small top up sometime next week. I might have to wait before I get a "return" on my investment, but I'm patient.

It often pays to take a contrarian stance and buy when a share is currently unloved and oversold (but, like with AMYT, it has excellent longer term potential) rather than buying after good news has been released and everybody is piling in and the share becomes massively overbought (it could be a good time to sell then!).

[papillon] 21/10/2017 19:22

I'm not the only one to think cryptocurrencies are a bubble waiting to burst, greendragon. That's not to say the value of Bitcoin, the "daddy" of cryptocurrencies, can't go even higher. Bubbles often go on for a very long time. It could double from the current value, or go even higher than that, but ons day it will come crashing down like with all bubbles.

Some people will say that this time it's different; that's what some people always say. I'm sure some said it about the South Sea Company, but they were proved wrong.

[papillon] 20/10/2017 12:16

No I wont be buying any cryptocurrencies, greendragon. They remind me of the Dutch Tulip craze; a massive bubble waiting to burst. Remember this quote: "I made a fortune getting out too soon.” – J.P. Morgan"

Meanwhile the AMYT share price is drifting down to the 20p support. Will it hold? Hopefully the share price will not drop below the 20p support and placing price, though last year the share price dropped well below the 24p placing price. Oh for a crystal ball! LOL.