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Watching the morning activity and happened to catch what tends to indicate someone with deep pockets is 'accumulating'. Have noticed in the past that the 'big boy's like to buy/sell around 10 AM and 3 PM.
And right around a few minutes to 10, shares traded/minute spiked to 80-100K for a few minute period which is indicative of a big order being placed. It also spiked the May call premiums quite nicely for anyone that likes to sell covered calls for a little extra cash. Could have gotten 70 cents a call on the 10s, $1.10 on the $7.5s..
Was afraid this recent 'deal' was going to draw attention to this one, because again, that deal wouldn't have happened unless the 'partner' saw something they liked.
Which means I have to get serious and start grabbing those additional shares I was planning on getting before June a bit earlier and now, a bit pricier than I had expected to be paying..
disclaimer: own shares, selling covered calls while we waited for June/July to arrive
I have been thinking that as long as they did as well as the PH 2, it was going to be going to the fda for an approval decision.
And on a more serious note, I was kind of hoping the company would have gotten a PH 3 mid point data dump and been able to say, we are 'replicating' the PH 2, let us get this product to market and help people out already.
Then there is their 'other' program thats got my interest as well, although that one is looking like its going to be a few years before a PH has anything to say..
On HYMC, again, I was a liking the chart formation it had in progress as it slid under 40 cents.
I was getting tempted cause one of these days, they will recommence moving ore.
And now with this move? I am looking for it to look for a $ range again unless they say recommencing is being looked at by DAY X.
But for the moment, I am purely in bios. Understand the 'view' that U-23x's could be in demand. But its going to take the small module reactors effort to gain traction. Question is, will the eco-terrorists allow it to happen.
It was around 30000 shares of ANV when the bankruptcy happened. Kids accounts had some shares as well.
In the kids accounts, it was actually hard to sell them because they had 'some', but we had to wait for the price to hit something like 7 or 8 cents if I remember right so that when they were sold off, it could cover the cost of the trade and leave a few dollars 'left'.
And they were sold because of Hycrofts timeline to get the mine into production. Sure as hell wasn't going to dump more money down the rat hole.
Only other thing I care to remember was how some lost a hell of a lot of money according to them when the bankruptcy was declared. I hadn't loaded up like I was planning to once they got closer to commencing mining. But it was a 'lesson learned' with respect to investing in miners. Let them get 'close', let them prove they are likely to get their permit before committing capital in a 'buy and hold' stance vs 'trade the runs' as they give in the early years.
Yes it does, but you still have to combine a fundamental analysis to determine IF the company is giving folks a reason to buy or sell in conjunction with what the chart is showing..
and unfortunately in todays world, its tough to find a chart that can take its time to develop a nice pattern before some damn computer program jumps the pattern 'early' and disrupts it.
Again, sold mine a few years ago after holding them a few to see what happens. Was pretty clear they weren't going to get mining in time to make the warrants worth anything. So rather than let them expire totally worthless, sold them off for 'a little more than' worthless.
Yep, shareholders of ANV got royally screwed by that surprise bankruptcy.. and what was interesting was how fast Hycroft stepped in and took over (almost as it was a 'planned' series of events)..
they gave 'warrants' as compensation for the stealing of shares when they caught folks unawares when ANV filed for bankruptcy. The warrants were frigging worthless. Finally sold what I had for 'something'... rather than trying to exercise them
Yep, one hell of a mess for quite a while after ANV declared bankruptcy. But the 'land' and reserves were what made me keep paying attention to them..
You do realize how MAX PAIN works don't you??
You do realize that the concept behind Max Pain is to make the 'most' calls/puts worthless on OE day?
And for the record, their OPTIMAL Max Pain price is $2.50 today, but anywhere between 2 and 2.50 is in play if you look at their MP chart for todays expiration.
Ya got a link to the 'locked in clause'?? Just curious cause I am aware that there are lockdown periods on some of these. Not aware that it applies in 'all' of these situations.
And yes Sprott is heavily invested in a lot of developers. Great way to make a fortune is to buy 'deep cheap' and let em ride for years to fruitition...
(PS: been involved in the PM sector investing, monitoring for over a decade now, so HYMC is not my first PM rodeo)
and one last comment, if it took place as I think it did, Sprott and AMC are both already sitting on some nice gains.
Fully agree..
It would’ve been nice to get it at .28 tho
Why I had it on my radar cause they do have one heck of an asset there if they can get it going 'properly'.. When they shutdown mining, it was a set up for a nice 'buy in' opp, so yeah, a bit ticked off that this 'run er up' move took place like it did.
But heck it did keep them listed, got them 'compliant' again. And its not hurting them that the price of gold has caught a tail breeze thanks to the war and chaos its creating..
So going to have to see what happens, but have liked this mine since it was ANV.. and it was one hell of a setup for a buy at 29 cents.
be patient and let it bottom out before buying more. This thing was just at sub 50 cents for a reason.
and sprott and amc and hymc scored big points I suspect by getting their positions established and then announcing what they had done. And as is the norm, the market 'fell' over the pump and dump..
But these guys suspended mining operations last Nov for a reason. So until they recommence, they are worth what? A $??
Time will tell, but I suspect a lot of folks are going to realize they have been had by this move up that also helped them keep listed on the NASD..
nothing more than a frigging pump up run. And yeah, I am ticked cause I was watching it off and on, thinking of grabbing some shares down 'low', but then got surprised by the 'NOISE'PR And I would be willing to bet, AMC is one of those 'selling' right now.. maybe even sprott and I wouldn't blame them one bit for taking advantage of those that got suckered in on this move.
Maybe the purpose of the 100 for 100 is to generate a post r/split hit to the share price.
Cause can only figure those with 100 shares will be inclined to take the 24x gains (yeah, expecting a 1-25 as well, they would be foolish not to once they are going to do one)..
Maybe cause a mini sell down in the share price, that the bigger players can take advantage of by buying the dip..
Again, never saw anything like this and you KNOW there is a 'reason' for it happening. Now the question is, beyond grabbing a 100 and selling right away is 'what'..
Projected Market Cap??
with something like 1.7 Billlion shares at 21 cents, market cap of $375 Million (roughly)
Can see them targeting $5 or more/sh to get the institutional players 'interested'..
So would expect to see the max of a 1-25 r/s gets them roughly 68 Million shares at around $5,25.sh. Market cap still $375 Million..
Question is, what is the projected market cap at some point down the road cause its going to take a while to ramp up enough sales to even justify the current market cap let alone something higher.
And yes, question is, post the r/split will it drop? I suspect that IF the big boys like what they see for a future market cap, they will be nibbling not too long after the r/split..
So any guesses? Projections?? Just curious and I will be buying 100 shares tomorrow (LOL)..
disclaimer: own none, but been watching it for a while. Funny as heck to see them say, you can buy $22 worth of shares (100) and be worth $500 the day the r/split kicks in.. Never saw anything like that before..
While good for 'noise', what I especially like is knowing someone 'else' must be liking what they see taking place. For doubt they would commit to an agreement if they didn't.
And on top of it, the 'dollars' involved aren't chump change. Makes me wonder just what the perceived need and the pricing model might be.
Disclaimer: own shares, someone I know took advantage of the pop today to sell some 'pricey' covered calls for this coming OE day on their shares. Too bad it wasn't me as I already have all of my shares under CC's.
The primary reason I have left this one alone despite monitoring it, is the lack of uptick in their EPI offering. Was looking to see if the market would adopt a cheaper alternative to the expensive one that dominated the market. So far, hasn't happened.
And on Zimhi, I suspect the same thing is going to happen. What we use (Narcan) works, is effective. And having been in the bio investing world for some time, its not surprising to see that the 'established' maintains ts position as long as its 'working'. And the new product is going to likely have a heck of a time gaining market share unless it can demonstrate whats 'out there' already is 'ineffective' in comparison.
So yeah, not expecting zhimhi to gain market share any time soon, cause folks get comfortable with something that works, and they are reluctant to change'..
disclaimer: ADMP is a case study in product approval, but that the market isn't interested in (so far) And the share price reflects it. (but that I monitor cause at this price, if something starts to change?? Could be a nice entry price)
Was in ANV before it surprised us and declared bankruptcy, and then became HYMC..
a lot of folks were screwed in a bankruptcy filing that we didn't see coming.
Shares quietly up to 22 Million now.. Hmmm.. must have missed something cause the last time I looked, it was somewhere around 14 Mil..
Institutional ownership isn't too bad at this stage, 1.4% for 'insiders', 15% for institutions. Going to be monitoring to see if the institutional % rises as May approaches
Approaching the 3rd qtr may finally be a reason for a move..
Have to remember, they said something about releasing information on the Ph 3 in the 3rd qtr. So as the 3rd qtr approaches, be my guess that we might finally see some 'interest' from the short termers, speculators who watch bios for these type of events to show up and promote a little demand (given this one isn't a household name, the product isn't going to have a 'well known' market to enter into, not sure how many are even paying attention to this one)..
So own some shares, intend to do some adding for the PH 3 release and hopefully its as good as the PH 2 and they proceed with an NDA..
with what is it only 11-14 Million shares outstanding?? Someone has a target price on this of over $50/sh... but for me, thats ONLY after approval...
But, with the end of the PH 3 now into mid 2022, results maybe 3rd qtr, then some time to submit the NDA??
Not surprised its not really doing anything at the moment for its not something really 'sexy' thats going to catch the markets attention like say a Sava or AVXL (alzheimers)
The bigger issue is IF this CMO doesn't get its act together (reg compliance), it could lose its fDA cert to be a CMO...
But as someone who has done 'supplier' qualifying audits, there are all kinds of 'things' that can go wrong..
The question is, what are the 'issues', and are they in the category of, we can't manufacture anything cause we can't be trusted to put out a quality product..
On the other hand, it could be that CRMD is staying one step ahead of the ambulance chasing so called 'legal' firms by being over cautious to not give them any reason to 'sue' (to line their pockets while claiming to care about the little 'shareholders')
Stock and company are doing well but no one cares.
part of the problem is the damn emotional cycles folks try to create in the Precious Metals sector..
PROMISES that gold and silver are 'going to the moon' for instance only for the 'psych' experiment to fade away and end up leaving folks wondering what happened (wonder for instance how many own physical silver and gold simply because of the hype and hope promoted thinking they were going to score big $s??)
Anyways, agree, AXU is a good buy at the current price... just got to figure out tho what price they can justify if they get a p/e of 10 because the sector isn't finding a lot of love from the market..
My target prices still are $3.50/sh once production gets going seriously and see $5 as a possibility even if the sector is 'out of favor'.. and will adjust as they start to show us what their profits will be..
But damn its been a looooong ride on this one thanks to that year delay in the water permitting..
Been a long ride, and now it appears it will be a bit longer with the news that they just enlisted their last participant..
Won't be surprised if it dips back towards $6 once the effect of the news fades away...
But like many a things, its the 'end game' that matters.
And oft requires a lot more patience than first expected (smile)
some conference today, looks like 'someone' likes what they heard, up 64 cents today.
Damn.. was hoping it would drop to $4 with around a year just to enroll enough folks for the 12 month follow up period that comes next.
Oh well...
disclaimer: have traded the shares a few times, but own none at the moment as I was monitoring the slow slide.. (till it wasn't)
So what sparked this morns activity?? Seeing no news, and vol in the pre wasn't showing a lot of interest taking place...
But just enough to push the price up tho...
never sold 'put' options...
But if I was going to consider it, maybe the Jan 7.5s at $1.95/sh?? Means I could get the shares at $5.6/sh??
But IF the PH 3 goes as anticipated, wouldn't expect that I will be able to make a buy at $7.5... after Dec..
The lack of 'news' or "PR" is forcing me to sell covered calls on the shares I hold.
But the lack of PR/news is also keeping the 'volatility' premium on the calls quite 'low'... But that said, did sell the Aug 10s for 75 cents/sh..
So making a little something as the share price flounders waiting for something to break this 'silence'..
But now have to hope they don't do a data release/dump before Aug so that I can keep the shares...
Have another one (CRMD) that we were expecting to get their FDA approval over with, that was going to be a source for rolling gains into ATMN in anticipation of their PH 3 completion... Think this one has been 'quiet', FDA really screwed CRMD from a Feb approval to a 4th qtr resubmission over issues at their selected drug manufacturer..
and like you, I still own shares, but much less than before because I am waiting for another one to have its fun at the FDA for approval.
Plan is to sell some of that one post approval and start laddering up the share count on ATNM.. Be a nice time to buy some on these pullbacks.
Still selling covered calls on the shares I do hold, with contracts expiring here in May...
Looking to sell another round after that...
Like a few I have been in, demands a lot of patience, at least in this ones case, given what we know already, there should be a reward in the end for holding on..
agree, time to be patient and see how this goes. I fully expect a r/split, just have no idea when.
But if they do one 'early' in order to run a secondary offering to help fund the IDE... I wouldn't expect the share price to hold for the next 2 years...
So going to try and time some trades along the way... following that line of thought that there is a time to 'trade' and a time to 'buy and hold'...
and only with time and hindsight will I know if I got it right..
Good luck...
PS: can see this being approved based on what I have read so far... unless of course the FDA can be corrupted to protect an existing one that could lose sales (smile)
IF I remember something correctly, the R/split is to get the share price up so that the bigger players who like share prices above $5 can 'participate'.
So unless they surprise with an 'early' approval, from a presentation on their website, they indicate:
-11-15 months to complete ENROLLMENT for the IDE
-followed by a 12 month follow-up period for each participant.
which means, they are looking at around 2 years just to complete the IDE IF I am reading the data correctly.
Who knows, maybe the r/split will be followed by a secondary offering to raise cash for the next 2 years to run the IDE... Maybe thats why there seems to be a bit of desperation to get folks to support the vote 'for'.
Disclaimer: broke even on a sale around 80 cents.. cause I didn't like the trend in the share price. Being patient to nibble on a new round, could have had some around 62 cents, but without the US?? Whats a share price target now?? Just curious...
Good to see its still 'chugging' along... selling covered calls on the shares isn't as lucrative as it was towards the end of last year. But going to keep doing it, keep building up a bigger position..
Wondering if they will try for another 'PH 3 readout' in June/July. Give them more data than they had in Dec to 'work with'..
Given how well the PH 2 'worked', doesn't make sense to make them take the PH 3 all the way.. But thats just my 2 cents..
flipped shares when I realized it wasn't going to hold $2.6.. Closed out my covered calls for 'gains' (sold for 12 cents, closed them out for 2 cents)
Bought another round today.. but also asked the question of, IF AXU is the tree in the forest that fell (announces production ramp up, sales), given the state of the PM sector (the forest), will anyone 'care'...
So in at $2.43 this morn, only looking for $3 now for starters.. Who would have thought something that got their permit, got their act together, and is ramping up production would still be $2.40/sh..
PS: new presentation on their website from a March 'conference'..
Only interesting/new part was on the state of their ramp up, with looking like July for reaching max dirt moving/day..
IF I read the stats correctly,
isn't there around 115 Million or so shares outstanding? (market cap $115 Million at a $/sh)
the 2 5% or more holders control around 16 Mil sharess??
management around 8 Million shares??
now I noticed that this just 'authorizes' a r/split, doesn't set a date for it. So suspect the authorization will be for one of those 'IF needed' moments?? Maybe to stay 'listed'??
Given that they are now set up to commence their IDE, looking for a 'timeline' to complete the trial...
still looking for $20-25 IF they get an approval decision (the lack of knowledge on the facility inspection is the wild card in terms of risk)..
anything more is gravy...
and then they will hold a PR and tell us what their plan is for the 'next' phase (sales commencing)
after watching the 'anti-mining' effort ramp up and help drag the share price back down, I sold everything at 20-21 cents. So managed to lock in at least half of the gains I had vs what I had at 28 cents... And I knew the anti-mining enviros would be looking to pull out all the stops to halt this project..
So now, I watch and see what happens. With an election scheduled for Apr 6th (if I got this date right), one has to expect the enviros to be running a full anti-mining propaganda effort. And of course, look to them to TARGET the politicians up there in Greenland as well if they 'dare' to support the mine/permit effort.
Yep, sad to see, but oh so damn predictable.. and if this stays above 10 cents, I will be surprised. And if it goes back under 5 cents, I will likely buy a bunch just to see how the vote works out.. or be watching the news up there with a buy order setup ready to go on election day..
First buys this morn. Was lining them up for a buy when they took off and had their big run up before I was ready.
Still didn't want to pay a $.04 this morn, but it was close enough.. Be nice to see it drop back to 75 cents or so. And I say this simply because if it goes to $3, if it drops back to 75 cents now, only ones that might remember will be those that were looking to make an add.
Like myself.. But if it flatlines here at $.04?? I am ok with that as well and will make my next add as it 'gives'..
Good luck..
115 million shares?? No need for a reverse split...
Nope, let this one get their IDE going, run it thru..
Figure IF they get thru the FDA? $3 for a target price...
And IF they become the standard of care?? Well, going to take it one step at a time..
With the share price of silver in the upper 20's, just need the company to say, we are selling silver and $4 could be in play...
Not holding as many as before.. Selling the monthly covered calls while the PH 3 progresses.
Wondering if there will be another readout in say June/July timeframe (ie, more data points than they had in Dec)..
Plan of attack is to hang onto the ones I have, sell the calls and watch the chart for activity, company for 'news'. Otherwise, we have to ride this to Dec for the end of the PH 3 (scheduled end date)...
oh well, been a long ride, but they are closer... all I can ask for besides that the data is as good or better than the PH 2 results..
Not holding as many as before.. Selling the monthly covered calls while the PH 3 progresses.
Wondering if there will be another readout in say June/July timeframe (ie, more data points than they had in Dec)..
Plan of attack is to hang onto the ones I have, sell the calls and watch the chart for activity, company for 'news'. Otherwise, we have to ride this to Dec for the end of the PH 3 (scheduled end date)...
oh well, been a long ride, but they are closer... all I can ask for besides that the data is as good or better than the PH 2 results..
At the same time, one has to wonder why its not seeing some 'demand' for the shares cause surely folks have to realize, production is supposed to be ramping up...
Course, the problem might be that starting back in Aug 2020, the PM sector started to lose its 'mo-jo' and is having trouble getting traction and breaking the slide its been in..
Or as they say, even if company is about to make its own waves, if its in a sector no one 'wants', will anyone care???
Thats what it feels like with AXU at the moment. Knew that 18 month delay in getting the permit meant AXU wasn't in a position to benefit from the all the euphoria like many other operating miners were able to do..
OH well, lets see if they can stand on their own and break from the pack..
Good luck