Synairgen Share Discussion Threads

[nobbygnome] 26/3/2020 08:13

Can't get a quote online at 46p....MMs not playing the game as usual.

[tidy 2] 26/3/2020 08:07

Strengthen the balance sheet ie allow us to prove the drug for COVID19 alone to prevent us being taken out on the cheap on this drug that already works on many viruses.

[pdt] 26/3/2020 08:00

A couple of thoughts from the Placing news release;

Use of proceeds

COVID-19 clinical trial activity GBP7m
Manufacture of SNG001 drug product and other supply GBP4m
chain considerations
Strengthened balance sheet for potential partnering GBP3m
discussions with regards to the COVID-19, future
pandemic preparedness, and the COPD opportunity,
working capital and fees

So with £4m allocated to manufacture and supply chain considerations does show they are planning ahead. And I would have thought quite a few doses could be available with £4m.

And another thought is that this is not completely a binary bet on success of the Covid trial.

Also from the Placing news;

"Synairgen has recruited 109 of the 120 patients required for its IFN-beta trial in COPD, with data expected in Summer 2020".

So the COPD trial could be positive irrespective of the Covid results. Summer 2020 is not far away. Cash should be okay to end of the year to see that through

And last but not least is LOXL2 may still progress.

All in all I am very positive. Thanks for your work on the thread Nobby!

[ic0gcds00] 26/3/2020 07:59

You sound a bit of a loser, negativityabundant

[d1nga] 26/3/2020 07:58

saw had some good posts previously and provides some balance IMO

[nobbygnome] 26/3/2020 07:55

Yes saw is now also history! Oh the power.....

[tracy_moore] 26/3/2020 07:54

" expecting volatility " LOL, really on the stockmarket in the current climate ? Amazing insight.

[nobbygnome] 26/3/2020 07:53

Shall I ban him?

[blueblood] 26/3/2020 07:52

Stop posting then saw as non holder!

[jev1] 26/3/2020 07:52

Not quite the full story in that Alliance News piece.

It's not just for the trials.


From the RNS:


The net proceeds of the Fundraising will be used:

(i) to fund the COVID-19 clinical trial activity;


(ii) the manufacture of the SNG001 drug product and other supply chain considerations; and


(iii) for general working capital requirements and to strengthen the Company's balance sheet.

_________



Number (ii). Manufacturing the product. In my view, they'd only be doing that if they thought the trial was going to be successful and to meet subsequent demand. :o)

[saw89] 26/3/2020 07:49

Artificial pump to sucker in punters and discounted placing I will wait for it to settle thanks

[blueblood] 26/3/2020 07:48

Buy them back!

[blueblood] 26/3/2020 07:48

Buy them gas saw

[lukead] 26/3/2020 07:46

Saw sold yesterday

[makendon] 26/3/2020 07:44

Spread is currently 10.4 - expecting some volatility

[makendon] 26/3/2020 07:43

That doesn’t make me happy this morning. Why launch the shares at such a low price?

[tracy_moore] 26/3/2020 07:42

sounding awfully desperate saw89 , maybe this isn't the stock for you it is after all over 1pps so out of your sorts league.

[saw89] 26/3/2020 07:37

It depends how many punters got suckered into the fake news pump campaign yesterday. Now the penny has dropped expect a lot to want to make a sharp exit

[lunus1] 26/3/2020 07:35

Morning all. If previous days are anything to go by, red start, blue by lunchtime, a little profit taking but ending up on the day. Good luck guys.

[saw89] 26/3/2020 07:35

Bounced nicely yesterday but honestly can see this dripping down today and tomorrow. It’s hard for anything to hold rises at the moment