Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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
nice move off that $8.3 range buy signal to around $9.4.. See if it continues to fill the 'gap'..
agree it has a 'promising' future ahead of it.
I haven't owned shares for a little bit again while it ran in circles other than a fast trade or two while it was doing so.
But this morn, grabbed positions for the pending next couple of qtrs of expected 'good news' on its production ramp up efforts.
and with the price of silver hovering over $25, with a call for silver to hover around $30 because of the potential shift towards green energy (ie, solar)...
thats an earnings 'multiplier'...
Ok, see where they are by the time they report their Q2 earnings in the 3rd qtr.
Buy signal triggered on ATNM...
added some shares this morn... but going to be a 'long' 6 months min to the next PH 3 POTENTIAL data readout...
Plan to sell calls on the shares tho while I hold them and 'wait'...
and build up the positions
chart is hinting that it may be ready to say enough with the selling already...
At some point, the news of what its doing for itself is bound to override the negative sentiment the PM sector has at the moment.
But expect this negative sentiment will hinder the 'enthusiasm' factor as well..
first target: $3.50 - $4..
a good source for info, I don't post on this site, just read whats being said. Some good sources, a few 'bad eggs'.. have to figure out who you can trust...
https://hotcopper.com.au/asx/ggg/discussion/
yep, go figure when AXU FINALLY gets its collective arse in gear, the sector itself is under pressure...
and the general market is lighting up like its on fire, sucking the oxygen out of the PM sector...
oh but what for IF they had got the damn permit a year earlier and been in production when the PM sector was 'in vogue'...
oh well, still see $4+ just cause of what AXU could do for itself... But $7+ might a bit harder to see...
only hold 3000 shares at the moment after a recent 're-buy' at $2.64... (trading the shares lately rather than riding them up and back down)
Covered Calls
Well now that the possibility that they might have asked for a halt to the PH 3 passed in Dec, the 'value' of the calls has fallen massively.
From getting a $ or more (9 - 15% return) for the calls, the best I could do was get 30 cents for the Feb $10s...
So did unload some of the shares, and moved them into a much more lucrative covered call trade for at least this month..
So since it appears that maybe the next 'timeframe' for things to warm up, might be mid year (another readout on the PH 3 with more enrollment??),
will hold off adding shares back now till I see demand for the shares pick up in the chart...
Way baby bio developments go isn't it.. requires a lot of patience and creativity to make something while the wait takes place..
Agree.. With them set to continue to ramp up production into mid 2021? This is 'the time'...
and interestingly, AXU is one of the 'few' miners that aren't:
-already 'mature' or at full production
-already mature and desperate to buy new mines to try and increase output
-or some developer still a few years away (watch GSV, one I have traded in the past, but am now just watching, last I heard they were talking about a mining permit in around 2 years which would put them into mid at the earliest 2022)
note: another one is MTA, a pure royalty play that only has a few streams on line, but a lot on the 'way'... Maybe the next RGLD?? But can't delay much longer cause its already gained some 'momentum' 'love' from the markets..
disclaimer: own NO precious metal positions... with AXU and MTA my first two options if/when I do take a new round of... and AXU is now looking like it could reach for the $2.40 price range barring a surprise upsurge in PM prices.. for that was quite a hit on Friday
IF biden isn't derailed by 'something' in the next 10 days (far as I know, notice kammi harris has yet to resign her senate seat.. wonder WHY??)
gold down $16, silver 70 cents+, bloomberg saying the dollar is 'stronger' on the news of "trillions' of dollars to combat the WORLD economic crisis...
going to be interesting to see what it does once they announce what THEY are doing in terms of ramping up production... IF the price of the metals is under pressure, will anyone 'care' what AXU is doing..
disclaimer: I am currently out of the PM sector due to the pressure the sector is under, that there are reports folks are dumping the metals for that vapor ware called bitcoin...
don't know IF I will own AXU again, have to fall to around $2.50 for me to 'like' its potential to double.. unless the whole sector heats up again..
Something I was afraid of, just when AXU is ready to have its run, will anyone 'care'..
Good luck..
I have another one CRMD that is set up for an FDA decision date on Feb 28th. Depending on how high that one jumps with its small float (30 Million shares), I am planning on rotating some of those gains out into ATNM...
and on that note, while the one you referenced 'added' shares, my chart is slowly developing a buy signal for me.. I will likely add a little more once the bottom confirms its in at the current level. Cause that big 'gap' from $8.5 to $10.50 is just begging to be 'filled'. And that would be a nice 'bonus' gain relative to where it was..
agree, their downstream developments COULD be the value adders to the 'first up' one...
They got tagged pretty good I suspect because they didn't get an early halt and there might have been some looking to score on the 'possibility' of a binary event. But now slowly putting in a 'low' now, with the question being, where's it going to find support at now that they have to plod their way thru another 'portion' of the PH 3. I have my latest round of covered calls set to expire for another nice monthly 'dividend', but Febs are looking a little 'bleak' in terms of the return. Cause I do intend to sell another round now that we know they are likely to be 'calm', but sure would like to see the $12.5s offering a better price (might do the $10s and hope the share price doesn't ascend back over it till after mid Feb)..
So, it moves forward and I probably shouldn't say this out loud, but I am ok with it doing what its doing, staying 'quiet' in a market that is full of overvalued, overhyped companies just looking for a place to have a share price train wreck...
Silver miners in general are catching some wind, seeing folks saying 'silver' will be the PM winner in 2021 vs gold...
Helps that they are now on the verge of seriously ramping up their mining operations.
Well its the 'game changing' therapy that got my attention in the first place, and why I am sticking around...
Yep, the 'early' halt potential was there, but at the same time, would have been more surprised if it had been halted than to continue to completion.
Guess I should have sold the $15s for Jan instead of the 17.5s 'just in case' (smile)...
but have to admit, I do like the $65 target price over my $20 one...
cause my approach with this one is, I don't see a buyout anytime soon, or at least till they convince MDT that its a workable unit worthy of passing the FDA trials.
further, since it just a run up, its still unknown where the lows are at. So I am not in a hurry to make a buy until it confirms the selling is over.
Further, given I don't see a lot of reasons forthcoming other than a 'surprise' buyout in the near term, I will let this bottom out, and let the chart using my setup, tell me if there is a growing demand for the shares. Which I MAY try to get in on...
Heres a question for you.. Why did you ride this back down with out locking in gains and then reloading lower?? I used to do this before I figured out a few times the hard way, that in the early stages it was better for me to take what it gave till the company EARNED my trust that it was going to do what I was interested in them for..
and further, one of the reasons I am posting now is to reply to a question such as yours...
and further, there are multiple ways to invest.. if they work for folks, good for them.. and there are times to own, times to sell.. we each choose which works best for us. Right now, I don't care what happens to the share price, be it up or down, cause I have a 'plan' in place. If it works out, even better. Good luck.
Wow.. how many times do I have to say it, my intent is to monitor this companys 'development' and watch its chart for a hint that something might be developing in terms of market interest.
I rarely buy and hold something this far out. Too many fund raising events, possibly even reverse splits, and of course, run ups like the on they just had that pullback, take away a % of the gains that COULD have been taken, locked in (this is in reference to someone who just said, it was just up a 100%. To which I say, who cares what it did if you didn't take advantage of it)
So I am going to monitor the boards, see if I can find out who is a valuable source of information vs cheerleading. And eventually, I expect I will make a trade or two along the way, till I either take a buy and hold position or say, nope, don't think so.. Too early to say which one it will end up being..
There, can't say it any simpler terms..
Ever hear of the adage, don't try to catch a falling knife??
Instead, wait till its safely on the floor??
disclaimer: Doing what I thought it would. Now unless they release something to stimulate another round of buying, the question remaining for the near term is, at what share price is that 'floor' going to be..
been 18 months since the water permit was first 'expected'..
Be nice to see their next words are, dirt HAS been moved, and the first silver has been poured. With the next words after that being, we are now mining in the 2 other mines and production is ramping up..
while the price of silver is still 'hot'...
disclaimer: only own 1/10th of AXU now that I once did after taking what it gave and waiting for it to settle down (which it did, so I am in lower than I sold at. A good thing). But the PM miners have been under pressure since Aug.. and the sector might find it hard unless sentiment changes to find folks that 'even care' now....
reduced my expectations for the moment to $3.5..
had em for less than 24 hours cause I didn't have time to do my research before it took off, and sold caused I didn't know enough to justify holding, plus I expected it to pullback (and it is less than I sold at)..
and I don't mind being patient, paying a little extra to participate.. and judging by what I have learned, I am going to guess, I can continue to be patient and look to see where it bases at on the chart first...
and if I am wrong, and it bases higher, well it is what it is.. and I will make a decision at that price..
and note: I agree, if they can get this to the FDA for consideration, the holders should make some money cause the price will rise into the submission and approval timeline...
its called 'research'... (smile)
haven't seen much on this board worthy of just pushing the 'I believe button' so far...
ah, its not the warrants that are 'valuable' as their exercise prices are pittance, and many of them according to the Edgar docs have were already exercised.
But see in Aug 2019, they got Aspire to commit to buying up to $35 Million of the common shares as Titan requests them to do till June 2022..
kind of interesting, with what 81 Million shares as of Sept 2020 (a lot of dilution from the 40 Million in Sept 2019), wonder what % of the company Aspire will own if they buy the full $35 Million...
but see your point, they do have some additional funding in place on to of the milestone payments..
This filing shows $24/25 Million as of the end of Sept 2020?? So yeah, they didn't 'tell me' about the other $40 Million or so the need and (another 20 Mil in milestones?) they 'already have' on hand (someplace??)
https://www.sec.gov/Archives/edgar/data/840551/000115752320001548/a52337324.htm
Assets
Current Assets:
Cash and cash equivalents
$
24,675,913
$
814,492
Amounts receivable
51,574
84,097
Deposits
10
481,400
481,400
Prepaid expense
730,923
369,453
Total Current Assets
$
25,939,810
$
1,749,442
a little OT, but possibly relevant... and as a disclaimer: I am still researching Titan for its 'prospects & potential' and the possible speed bumps it might encounter. Cause I do like the idea, but informed helps me make better decisions.. So just tossing this out, see what kind of comments if any it generates..
Titan CEO implied around 2 years before they see starting the pre-clinic phase of testing...
MDT is saying 2 years and they could be FDA approved. Around the time Titan would be ready to start its pre-clinical??
https://www.massdevice.com/medtronic-finally-unveils-its-new-robot-assisted-surgery-system/
Medtronic plans to launch the Hugo system in undisclosed places outside the U.S. early the next year, allowing the company to start gathering clinical data, White said. CE Mark and U.S. IDE submissions will follow later in the year, with a goal of achieving U.S. 510(k) clearance in about two years.
and while Hugo seems to be similar to the ISRG Da Vinci, could it do what Titan is looking to do??
kind of thinking if ISRG and MDT can do a variety of procedures with one unit...
while there could be 'room' for a single procedure unit such as Titan is working on (first effort is for a specific procedure, realizing there would be actions taken to expand the usage)
has me wondering... how many DIFFERENT surgical systems will the health care system be willing to 'support'?? IF MDT gets theirs thru the FDA for example, will there be room for more? Or an unfilled niche to fill? I just don't know, but have to ponder/ask..
Titan CEO says they need $85 Million to bring the device to the FDA. MDT is giving them $31 Mil... leaves them $55 Mil short... No??
So whats next?? Secondaries? A r/split and a secondary?? MDT steps up some more?
(side note: wonder how much 'bargaining leverage' Titan had since they were in pretty poor shape from the looks of things. Guessing MDT got the better end of the deal(?) given how these things tend to go when one party is desperate for money)
https://www.medicaldevice-network.com/deals-analysis/medtronic-titan/
Titan has been through the wringer lately, which could go some way towards explaining why Medtronic has decided to license its technologies bit by bit, subject to the meeting of various conditions, rather than paying up outright. The company ended 2019 having made a loss of nearly $42m, with only $1.3m left in cash, having suspended the development of its single-port robotic surgery system and losing nearly half of its stock value. In February, Titan CEO David McNally said the company needed to raise $85m to finish developing its Sport robot-assisted surgery device and pursue US Food and Drug Administration (FDA) clearance. In May, the company said it had raised nearly $5m in recent months.
And what is this HUGO project MDT is working on, as it appears its the reason for the IP licensing?? Have to look if the robots are 'complementary' to each others 'intent...
https://www.massdevice.com/medtronic-turns-to-titan-medical-as-it-makes-robot-assisted-surgery-play/
Under the agreement, both companies can develop robot-assisted surgical systems in their respective businesses, while Titan will receive a series of payments that reach $31 million in return for Medtronic’s license for the technologies.
yeah, sadly, there is a good time to buy into something and a not so good time...
there should be a warning that comes with each baby bio IPO/listing that pops up if someone attempts to buy the shares within so much time post offering that goes:
WARNING: We expect it to take X YEARS before we are at the stage where we could commence out PH 3 or medical device clinical trial, that will take x years in of itself to complete. We recommend that if you are interested in our stock, that you only 'trade' it, not buy and hold it cause between now and the commencement of the PH 3, we expect the following to occur:
-our share price to fall from this ridiculous, unjustified IPO price, which of course, benefits us, not you
-we expect to be doing secondaries to raise cash, this could involve printing millions of new shares that at some point if large enough, could
-result in at least one reverse split, which if large enough, could mean you never break even on your initial position.
Course this will never happen or all those IPO shares would just sit there until the price fell into the cellar.. which of course, would be a hell of lot better starting point for anyone thinking of buying and holding..
Nah, perfectly happy with my position on this one...
Whats your issue??
I am 'done' owning any for the moment.
interesting 'market open' pattern that appears to be repeating itself..
Noticing that on the open, its been getting 'hit'.. but manages to recover most if not all by the end of the day.
So went back and looked at the chart for the prior 20 trading days and around 13 of the last 17 show this pattern of drop on the open, and recover thru out the day...
also notice that they now list 13.5 Million shares, up from the 11 Million or so post the r/split..
but on a bigger chart picture, from the Sept low of around $8 after the r/split, it is above the r/split price of around $10/sh...
so all in all its 'holding its ground' for the moment...
but just thought I would mention it, cause again this morn, it opened up with a drop on the open...
wonder, did they have an ATM authorized... too frigging much going on to remember all the details anymore (smile)
Going thru their website this morn...
and after reading thru some of the items on there, the CEOs 2020 letter and I am a wondering if this has a lot more potential than I had realized. My primary interest has been on their PH 3 and its potential to 'make things' better for those needing a BMT..
But their AWE program... was aware of it, but reading some of the write ups this morn..
and it was the CEOs letter... really 'upbeat' about where they have gotten to now...
going to keep selling the calls on a monthly basis... and do some deeper digging and paying attention to those PH 1s as they wrap up, something I tend to gloss over other than the aspect of whether or not they passed and any reasons to be concerned the PH2s might not make it..
Belize
you keep questioning the cheerleaders 'beliefs' and you are going to get the same 'treatment' a few others who decided to be 'real' are getting..
But you are correct, read it the same way you did..
and the hell of it is, while it may not fall much more (and I seriously doubt once folks realize they are looking at 2+ years and a secondary or two take place, that it holds up even here)..
I doubt that the view that it "IS GOING TO $2/sh" is going to find a hard thing to accomplish anytime soon..
IBB and XBI
these two big bio sector controlling ETFs have had one heck of a run since the beginning of Nov..
Due for a 'correction/pause/basing move' already...
Only concern is, while ATNM hasn't really been 'pulled' along with them during this ride, if the sector takes a hit/pullback, whats ATNM going to do.. down 30 cents or so as I type..