PEB-Pacific Edge

[Greekwatchdog]

As a patient holder, the news release and price action are welcome.

But I'm also tipping a clip around the ear from the market overseers, since a 15%+ intraday rise today suggests that this should've been a market news release rather than shareholder email and (presumably) press release, and furthermore should've been marked as price-sensitive.

Yeah, maybe. To be honest other reports with this sort of data haven't received this sort of price reaction. I think its more to do with that the commentary on last weeks update was very positive.

This just supports and we could be seeing alot of investors position themselves ahead of the 20th with a number not prepared to sell.

[bulltrap]

Yeah, maybe. To be honest other reports with this sort of data haven't received this sort of price reaction. I think its more to do with that the commentary on last weeks update was very positive.

This just supports and we could be seeing alot of investors position themselves ahead of the 20th with a number not prepared to sell.

Could be too, and to be fair, I think they used to do more market announcements at this level and may've got told off for spamming.

It's hard to get the balance right, but you could argue that if it's worth saying anything in the public domain, the market should be CC'ed in. And seeing the detail what comes out every time a junior miner picks its nose, the bar is set very high for TMI.

[Greekwatchdog]

Could be too, and to be fair, I think they used to do more market announcements at this level and may've got told off for spamming.

It's hard to get the balance right, but you could argue that if it's worth saying anything in the public domain, the market should be CC'ed in. And seeing the detail what comes out every time a junior miner picks its nose, the bar is set very high for TMI.

I agree. I personally think these sort of annoucements should be put on NZX for all investors whether thay are a holder or have on their watch list.

That way they cover there back side and don't get told off.

[Habitz]

Pick a number for close of trade... my pick 22 cents each

[Greekwatchdog]

I think $0.25 but also understand that there are those investors out there who will sell some if not all their holding during trading heading towards 20th Feb.  ie similar trading like yesterday.

After all who wouldn't trim/sell if you bought in or average around $0.10??

I am holding

[Habitz]

Quite right. For a share which was valued over $1 it's been a painful experience for many, but good for those who bought at approx 5 to 10 cents. No justice yet, the risk is still there.

[LoungeLizard]

https://www.nzx.com/announcements/467094

As PEB said, although the final decision won't be made at the meeting, "The opinions expressed during the meeting...are expected to have an influence over the language Novitas uses in any draft Local Coverage Determination (LCD).
In other words, investors will probably know which way the wind is blowing on 20th. Not long now!

[Pierre]

https://www.nzx.com/announcements/467094

As PEB said, although the final decision won't be made at the meeting, "The opinions expressed during the meeting...are expected to have an influence over the language Novitas uses in any draft Local Coverage Determination (LCD).
In other words, investors will probably know which way the wind is blowing on 20th. Not long now!

I'm pretty sure we know which way the wind is blowing. Hopefully, on the 20th, we will find out if it's a gentle breeze or a force 10 gale.

[Habitz]

I consulted the Chatgpt guru about prospects for a good outcome. Came back with:
Positive LCD – Full Coverage for Triage (and maybe Triage Plus) up to 50 percent chance and 0.75 – $1.10 shareprice
Partial Coverage / Restrictive LCD up to 30 percent, company still viable, shareprice 0.35 – $0.60
And the option none of us want 0.10 – $0.20 shareprice, that's by far the least risk and only a small loss of value if correct.

Need I say but this is purely speculation and shouldn't be relied upon

[LoungeLizard]

Seems like the market likes those odds. SP up 7.5% to 22c this morning.

Debate on the other channel about the prospects of a cap raise or whether they have tapped up a major investor (ANZ?) to get them through to when a new LCD comes in force. Some conjecture as well as to whether they are looking at getting a US partner onboard or even listing on the Nasdaq.

All speculation of course, but that's half the fun.

If the meeting goes well and there's strong indication that there will be a favourable decision, then maybe that will be the time to do a capital raise ie when the SP is elevated and there's a buzz about the company?

[seaweed]

Lol. Just bought in this morning. Have been thinking about it for last couple months. Now it is FOMO. Last time I bought in at 83c and sold them the next day for 81c about 4 years ago. Luckily only lost $380. It is all a bit of fun with play money. 

[LoungeLizard]

Lol. Just bought in this morning. Have been thinking about it for last couple months. Now it is FOMO. Last time I bought in at 83c and sold them the next day for 81c about 4 years ago. Luckily only lost $380. It is all a bit of fun with play money. 

Yeah, that's the way to view it, Seaweed - throw some spare cash at it and roll the dice. A few of us have gone deeper than is wise, but it looks as though PEB might - might - be one of those stocks that favours the brave.
All looking good though - now up nearly 15% on the day. And this is just on the back of speculation that a favourable decision is just around the corner. Goodness knows what the SP will do if/when that decision is made. SP will double pretty much straight away is my view.   

[Pierre]

Big day on Friday for PEB and holders with the Novitas Contractor Advisory Committee meeting scheduled to kick off in the US at noon NZT.

The shares will go into a trading halt before the meeting starts until 10am Monday, so Friday morning is the last opportunity to take a punt on everything sounding positive at the meeting and the gold rush potentially starting on Monday.

The actual decision on Medicare coverage will be some months away but  the tone of submissions at the meeting is sure to provide a pretty good indication of the likely outcome.

Fingers crossed.

[LoungeLizard]

Agree that the tone of the meeting and the questions and opinions expressed will probably provide a strong indicator of what the eventual decision will be. PEB have said as much and hence the trading halt.

All the best to fellow long suffering shareholders.

[Pierre]

Here's the link to register for the Novitas webinar:


https://fcso.webex.com/weblink/register/red3f833b75a2f3922d04ada5d71a6aee