Aura Renewable Acquisiti... Share Discussion Threads

[a44] 27/3/2008 15:36

Not prepared/interested risking small batches of 7.5K buys.

I suspect by the close of day a large trade will go through, sadly not mine as I was prepared to jump in at 16p

[powwow] 27/3/2008 15:32

a44, yes that's correct.. that's ok if you want 7.5k now but not so good if you want more. 7.5k chunks could be possible.

how do you read that?

[a44] 27/3/2008 15:24

Confirm that now I can only get 7.5K regardless if I do a T+3 or T+20, yet earlier offered 100K at 18.95p

[powwow] 27/3/2008 15:11

but generally they'll do it in their favour, so if they limit the buys, and drop the price they are simply trying to shake out some holders on the way down, while also stopping anyone buying stock at a cheaper price because they want it.. Thats how I read it.

[dr biotech] 27/3/2008 15:10

Of course this lot have promised a deal for some time now, but nothing is forthcoming. Much like the rest of the sector unfortuantely

[powwow] 27/3/2008 15:09

ok,ya yep they can, lucky sods

[ok,yah] 27/3/2008 15:04

market makers can manipulate buy and sell temporarily of course to suit their own ends

[powwow] 27/3/2008 15:02

desperate for stock, allowing 75000 shares to sell but can only buy 7,500

[powwow] 27/3/2008 14:34

funny ole games now you can only buy 7.5k shares but sell plenty again.

[powwow] 27/3/2008 14:08

online limits for buy and sell are equal at the mo.

[powwow] 27/3/2008 14:05

looking at there recent interim management statement they had 6.1 million in the bank at the end of Jan 2008. It looks like there burn rate may be about 1 million a month at a glance worst case scenario so at best end of july they'd look to complete the sale.. I suspect they have 4 million or so in the bank. but will look further into the cash burn.

[a44] 27/3/2008 13:48

Take both of your points but I think I am going to sit on the side for a bit. I recall a statement a while back stating they required funding which is hardly the easiest thing to achieve at present. So I put 2+2 together and assume that licensing or sale are due to funds.

Remember that cash balance is a historical thing, so it might have been £xx at some point but what is it now? Obviously we aren't going to know that but as it is also their year end this month I am willing to bet it is pretty poor.

I am going to watch this one closely and at present I have turned down an entry point of 19.25p and more recently of 18.95p.

I will let you know if I jump in but I guess by the lack of trades you could work this out for yourself.

[powwow] 27/3/2008 13:37

A valid point a44, but in this instance I dont think its an issue. Their market cap was value at less than their cash balance pricing their other activities at zero. As the company has the a future if not alone but with a partner via licences or a merger, then they were and are unvalued at todays price, because there is clearly demand for the product, trails are doing well, and its a matter of time they either sign licences which will see the company onto better fortunes or they'll sell up if they are offered the right price. Eitherway something good will come as I find it hard to believe nothing at all will happen and they would just say right o no licenses and no sell of the company as we lied. One of the many options will come through. They have cash in the bank so they are not going bust, hence they are assessing all the options. They were priced to fail as if they had no money in the bank ad no future, but we do know they have money and have a future.

[chesty1] 27/3/2008 12:53

a44 your bound to be able to buy plenty after a rise like this its just finding a new level of trading at the mo...You can either buy in now thinking its going to settle down higher or wait & see if it trends lower...

I have gone in for some after watching these for the past week & gutted I didn't get in earlier I hope your not in the same boat as I was, next week.

[a44] 27/3/2008 12:47

Anyone know how reliable the directors are, as I am worried given the announcement how easy it is to pick a load up?

Not yet in but being cautious as seen many go this way then al1 offers are off statement, e.g. classic pump & dump.

Today's trades also seem to support this.

[chesty1] 27/3/2008 12:27

Looks like a good un 39 & will watch it. Cheers.

[39rich] 27/3/2008 12:22

If you want sum more advice take a look at ADN

[39rich] 27/3/2008 12:19

Good luck!!

[chesty1] 27/3/2008 12:09

Cheers for the advice 39 & maybe I will when it reaches a lot higher.

[39rich] 27/3/2008 12:08

Don't be greedy take sum profit while you can!!

[chesty1] 27/3/2008 11:46

Its better to have shakes along the way pow rather than one big spike & a pull back....

Nice n steady from here will do me fine for now.

[powwow] 27/3/2008 11:40

up again she goes

[powwow] 27/3/2008 11:29

they are allowing 15,000 shares to sell but were still allowing 100,150,00 shares to buy

[powwow] 27/3/2008 11:28

chesty, yes that's not right.. shorters prob took it down for a bid