Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Brilliant thank fully back in really appreciate your fantastic response
Thanks for this Trytobuylow (hope this doesn't get lost in the noise!
Revenue for H2 213m per trading update 29 Jan & cash at YE £91.8m.
Someone found a download of transactions >£25k from a FOI request with DHSC up to November showing the following. They say that dates relate to payment but my belief is the reference is a sales invoice date because of precise matching with contract date & what it says about raising invoices as follows - apology for formatting in advance;
Total
NHS Frimley Park Apr 50,520
NHS Frimley Park May 155,770
Jun -
DHSC download Jul 9,943,730
Aug 6,535,267
Sep 1,286,239
Oct 33,322,822
Nov 92,374,175
Dec o/s
0 143,668,524
28 Sep contract 125,696,997
Expect Dec circa 24,303,003
RNS - indicative value 150,000,000
Page 7 of DHSC contract says
Invoices will be raised on a twice-monthly basis on the 15th of each
month (or the first Business Day thereafter) and the last Business Day
of each month for Goods and Services which have been delivered in
the previous two weeks
& about payment (same page):
Following the first two invoices, payment should be made by electronic
transfer no later than 30 days from the date of invoice
• All Goods are subject to VAT where applicable.
but IMO (often wrong) clause included in case VAT is due on some services (perhaps training?) but test kits & machines likely to be exempt on basis of emergency ruling at the time (by EU & taken up in uk).
So - last transaction in download was dated 29 Nov (I assume as invoice date) so Dec sales would be invoiced 13 Dec & 27 Dec. There could be an accrual of deliveries 28-31 Dec invoiced on 10 Jan but ignore.
Payment of 29 Nov invoice due after 30 days on 29 Dec so ought to be in the £91.8m figure at the bank but December sales are probably debts collected in Jan (estimate £24m above) + debts due from non DHSC sales in Dec & those from Nov if collected after 30 days say £6m = £30m (but perhaps they could insist on payment in advance for such high demand product)
Latest update says
Novacyt delivered revenue for Q1 2021 of €83.0 million (£72.6 million). Approximately 50% of Q1 revenue was driven by sales to the DHSC, predominately PROmate™. The remaining c.50% of Q1 revenue was driven by continued growth of international sales and expansion of the Company's private sector testing operations
If PROmate all delivered at least 30 days before 31 March & debt was collected so £36m banked + say £20m of the non DHSC sales. As a rough guess lets say all costs for the sales were paid but are only 30% of sales = £(27)m
the bank would have gone from 92+ debts at YE £30 - costs Q1 (27) + PROmate to DHSC 36m + Non DHSC Q1 sales collected in Q1 say 2/3rd of 36 = 24 : circa 155 : call it at £130m at least.
I contribute this from my workings which may be wrong, DYOR but recognising this BB is not an environment to put more.
GL
Hi. If you cannot do your own research you should not be investing.
If you do some research then maybe you can share it. There is around 120 million pounds of cash in the bank here and 400k of revenue per day. That's 36 million over the first quarter divided by 3 and divided by 30.
If you read novacyt.insider you may attempt to put a value on it.is with this pandemic getting out of control. But if you cannot think for yourself maybe more credibility is required
Deedo general consensus is it appears 23mil has not been paid, beware of exceptionally bitter(green boxes to me) posters who have suddenly turned into wise sages on here,
Poor people of India Delhi running out of oxygen Japan declaring state of emergency yet you get clowns on here deramping a share that can help identify and isolate.
To allow me to do my own research can anyone tell me please how much is at stake if British government renege on paying anything for qtr4 kit and renewables supplied to NCYT and included in cash position at year end
I am not in anyway saying this is possible or likely I simply want to know value if anyone has this figure pkease thanks