Aura Renewable Acquisiti... Share Discussion Threads

[chesty1] 27/3/2008 11:26

Well there not getting mine...

[powwow] 27/3/2008 11:23

looks like they want some stock.

[chesty1] 27/3/2008 11:12

Taken from a previous post pow...

What a sad story; all the products are valued at nothing.

????

Ardana chief executive plays down new share-price low as 'irrelevant'


ARDANA plunged to a fresh low of 9p yesterday, valuing the Edinburgh-based pharmaceutical company at roughly its bank balance.

Chief executive Huw Jones insisted last night that the firm, which is seeking a merger with a cash-rich group, was pleased with the progress it was making, and dismissed the share slide, on light trading, as "irrelevant".

Ardana dropped 2p to 9p, the company is now valued at just under £5.9 million, compared with its cash pile of £6.1m last month.

[powwow] 27/3/2008 11:09

no worries got a small amount this time, sounds like they are keen to move all parties on together with either a license option for one or many parties or the sale of the company. Do they have 6 million cash in the bank?

[chesty1] 27/3/2008 11:06

That was my main reason for diving in today...They are telling us it shouldn't have fallen from the 19th of Feb & for the shorters to move on as there's nothing to see here apart from blue.

I will let you know if I top up Pow.

[powwow] 27/3/2008 11:04

based on the below

Given the level of interest in the Company and its products generated by the
Process to date, the Board sees no reason for the significant fall in share
price since the announcement on 19 February 2008.

they are basically saying they feel they are worth at least 27p as it stands. If they also believe they liecensing will generate further revenues which do not exist at the moment, then there's no reason for them to ask for more at this stage

Either they can get a license which will mean they'll be worth more than todays price anyway as its new revenue, or they sell the whole lot.

It all depends what the exist strategy is for the owners/shareholders, they may be happy to settle for 30p as a premium, otherwise they may well go for the license route as that will create new revenue streams.


whats your views?

[powwow] 27/3/2008 10:45

well selling at todays prices would be too low, however it will depend on the companies future ability on earnings and what they feel us fair value. 23p is a good breakout looking at the charts.

[chesty1] 27/3/2008 10:43

To be honest with you powwow I have only been following these since last week & have done soem research over the past of this co....

It has cash in hand but needs to slim down, I hope they don't sell up completely & be a cash shell it would be in there, & shareholders best interest to just sell part of the co & bring the rest of the co forward.

What do you think after taking the plunge today.

[powwow] 27/3/2008 10:38

chesty1 you know much about the company at all if so what do we think they are worth in todays market, basically what would they sell out at.

[chesty1] 27/3/2008 10:35

A close above 20p would do me very nicely & would be more than happy for ARA to form a base here before the next piece of news & push north.

Be lucky to all & I will stop waffling on now, kids at school & missus in work what else is there to do.

(I am no chartist but has this one broken the downward trend line & onto a big break-out).

[chesty1] 27/3/2008 10:25

Well done powwow I feel even though this has risen so much there could be so much more to come....

Who knows but its paying orf at the mo.

Did any1 manage to get in below 10p the other day??

[powwow] 27/3/2008 10:23

got a load, lets see if they get towards possibly 28p based on the latest RNS they just announced.

[chesty1] 27/3/2008 10:22

Oh well you never know pow....BUT imho they are keeping the spread wide to stop people like yourself & me from buying in & walking it up IMHO...

I have taken a gamble at just under 16p & yes it was a gamble BUT at the mo its paying off nicely.

All the best matey & for you I hope it dips to let you in BUT for me I hope it blooming well flies I could do with a riser at the mo.

Be lucky matey & well done to the bottom fishers who got in.

Blimey just been quoted 21.5p to top up...

[powwow] 27/3/2008 10:19

will see what happens.

[chesty1] 27/3/2008 10:17

Lets hope someone wants em powwow I wanna see more blue, this has popped & I hope nobody puts a lid on it just yet.

I feel these have plenty more to go just yet before levelling out, what do you think powwow & what price are you in at, If you don't mind me asking?

[powwow] 27/3/2008 10:14

they are allowing people to buy 20k worth of shares 100,000 shares, where have these shares come from.. existing share holders selling up.

[powwow] 27/3/2008 10:12

they have opened up the limited to 75000 shares, 15k, so they must have just had a chunk of shares given to them.

[chesty1] 27/3/2008 10:05

Online buy limits are low & you can sell plenty.....Walk her up baby.

[chesty1] 27/3/2008 09:55

They still have 6 mill in cash don't they if so then valued at just over 10 mill this has to move up or should I remove me rose tinted glasses. ????

[chesty1] 27/3/2008 09:53

Well after watching these from 5p.....DOH


I am now in for some at an average of 15.75p

Be lucky to all & gutted I haven't added before now.

[imabastard] 27/3/2008 09:44

....wasn't it 30p on Feb 19th ? .... so on this basis .... should roughly double from here ....

[anusol] 27/3/2008 09:34

possible that MMs are going to push price up to shake out some sellers, but follow it up with a similar dramatic share price fall - certainly a pattern Ive seen in many similar situations. So could be a good time to sell if you think its peaked - might need close montioring every minute today.

[dr biotech] 27/3/2008 09:33

I got a few this morning. Just gambling money, about a weeks take home.

This mornings RNS shows that some are interested in the products. I'm not expecting a great deal, but as it dropped to cash value it should only have one way to go.