George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Courtesy brummy_git over at ADVFN:
https://www.youtube.com/watch?v=hOsXNm-r3LQ
Worth watching. I feel this has been a big reset and looking forward to results going forward!
Well, clearly something going on!!
A real investor making a genuine punt + FOMO?; or just pump&dump?; or insider info leaked to analysts, friends&family? TBC, only time will tell.
However, if you believe in the new strategic focus and that they can execute then the share is clearly hugely undervalued, especially if you look at the prospects for high margin revenue.
There seems to have a small relly in a few small caps incl ONC on AIM....could be inflation related with the sharp drop from recent readings (4.6%)
Seems unlikely to be random. Over the last few weeks we have not seen more than 3-4 trades a day. 10 folding that today. Guessing investors know about something
Insider info - news coming?
Or just speculation?
Feels random.
Nice little boost there for the struggling SP. 22% from nearly nothing makes it nearly something. Lets keep going. 22 trades with highest trade at 14k....seems like it doesnt take much to move the needle here.
No doubt they will need to rationalise it all. Reflect the revamped strategy and provide some forward looking statements. We may learn a nice thing or two from commercial successes. Last TU was more than 6months ago...
Would be nice to get the annual results out of the way!!! It's going to be a car crash, but I'm positive about the future given the strategic reset.
Just watched the recording. Like you mentioned there seems to be a lot of untapped potential for ImmunoInsights. Slim competition and a big addressable market especially when the Big Pharmas/and Biopharmas etc are seeing value of such antibody profiling services during the CRO cycles. I think that this address to the investors was important to win back some confidence and I thank Martin for delivering the message to the investors that a more predictable growth and revenue is needed an this is being implemented now too. I hope this also means that we can get some guidance in the coming reports on what to expect. You see these days, much of what is being invested is based on future growth. And without any reliable prediction or forecast all this goes out the window. Hence why ONC trades at these levels. Growth is baked in to the current SP at the most conservative level...
Looking forward to the year ahead with this business.
Thanks Doc....I will review the recording too when I get a chance today. It all sounds so promising. Oh how I wish today was my first day to know ONC. What an SP indeed. Similar to yourself I was bought in with Early-CDT, first but around the ECLS study. I think that is why the asset sale was a bit of a punch to the gut. But it seems like we should be on the up soon again.
You can watch a recording on the Investor meet Company website. I have just done the same, had to be somewhere else yesterday.
In anutshell: unique IP with little competition, technology ripe for exploitation, a credible team and strategy, including renewed commercial focus/approach and new focus areas, like diabetes and neuroscience. Potentially a lot more value to be realised. They can actually potentially do a hell of a lot more than I thought, having originally bought in due to EarlyCDT only.
Now we need solid financial progress going forward. Past financial performance leaves a lot to be desired, but that's also why the share price is so low. They will also be looking to create more stable, recurring income streams, which is good for stability and investor nerves in particular!!
Has anyone here joined the investor meet yesterday? I was going to but ended up on a flight at the same time. Would be curious to hear what people thought.
No RNS with results today(yet), so I would conclude this is only an intro of new team and the new/adjusted strategic direction. That's OK, I think. Results will not be great, I am almost certain of that, but already baked into the sp.
Expect results tomorrow then? Otherwise wtf is the point!
Usual caveats
Trek
...on 25 october is a very good thing and will hopefully build trust in the new team & strategy! (See RNS for details)
Difficult to say, could also reach 10p until we start seeing financial progress tbh. Almost random until we have more news. Having said that, most investors, including the large investors, are holding on to their shares; very thin trading.
I am also very optimistic.
The large investors are no doubt waiting patiently for a corporate takeover/exit. They paid a lot more for their shares than the current price, so lowball offers should be rejected.
I am actually for once super optimistic. Think we must have hit the bottom.
https://www. v o x markets.co.uk/articles/oncimmune-shifts-strategy-to-accelerate-commercial-expansion-871f174/
I agree, everything sounds very sensible. If they are at 20-30% capacity then I would be more than happy, as I think they have been running at a lot less during the first half of the financial year.
I like the clarity and focus. This is all about ramping up the numbers.
The proof is in the pudding - let's see the numbers.
It may be another year before we see real, significant progress, but that's OK! The share price will then follow suit!!
Sorry....CAPEX reduced due to sale of assets to Biodesix and Freenome whilst longer term revenue secured at least for next couple of years. OPEX I think overall down due tonlower overheads. Not sure how the employee salaries play into this number as many expensive new hires incl execs but also terminated contracts. More sales improves bottom line as more lab capacity used. I feel it is currently heavily under capacity (probably around 20-30%)?
Interesting updates. You can tell that the leadership team is focussing on establishing sales structures that cater for different customer segments but as it looks all gearing to supporting long term partnerships, becoming an essential partner in CRO cycles and generating revenue through existing and new long term MSAs. CAPEX significantly reduced as the upfront lift of establishing a competent sales team in US and UK was done over the last couple of years and with that getting these key account MSA's signed. Hopefully we can see demand picking up and and lab facilities being used at higher capacity.
New strategy means some more from the old guard are leaving and the focus seems clearly on generating long term sustainable revenue and doing more of the above.
I suppose this years number will be a bit skewed again because of the Onc Ltd. Balances being included still. Will be interesting to read in the coming weeks/months.
Looks like MG is still getting stuck in.
At least he hasn’t now done a runner!
Finance results will include EarlyCDT lung revs and should also show the early cdt lung final sale income from May.
So cash and debt should look more favourable.
Should, should!
Let’s see!
If it does balance out then I would expect SP to reset to 30’s pdq.
This market is punishing debt due to rates. If we can show a debt free glidepath from new revs then this will rerate significantly. If not then single figs are possible.
I sold in 20’s and bought back again in teens. Just a small position now though.
Hope this does well both for holders and ONC. I am quietly confident they will turn it around.
Usual caveats
Trek
100%. There is probably a lot of stuff going on in the background.
1. On boarding - getting familiar with ONC business
2. Connecting with existing customers and building relationships
3. Introducing other exec relationships to ONC.
4. Defining sales strategy and building supportive business development and sales execution strategy
5. Establish roadmap for sales, lab capacity, digitalisation etc.
6. Crush it
But you are so right - it's time we hear something. It has been quite a number of mo ths since meaningful trade updates were delivered. Perhaps some information was muddied by the sale of ONC non core assets (Oncimmune Ltd.).
But I will be cup half full today. They are working out a brilliant pitch to the investor group that will have us frothing from the mouth. I do think that Martin brings the credentials both in Corporate Finance and Biopharma . I hope he uses his CF experience not for an immediate takeover case ^^. Like you mentioned though I also think it would be nonsensical at this stage especially after already selling a big chunk of the business for peanuts.
R00st3r, H2 FY2023 ended 31 August, so I think you are right, it will take a few months before we hear something on the financial results. However, the CEO needs to update the market in more broad, strategic and trading terms, soon!! Unless they just want the sp to drift to NIL!! Maybe it's a strategy, although I cannot see any benefit of it. I would like to think the new team is working hard in the background, coming up with a plan to rebuild confidence in the company. The IP is solid (fact) plus there is plenty of capacity to do samples (fact), so this is merely a commercial exploitation question = sales!
According to the AIM rules companies are obliged to report annual financial within 6 months of the end of the fiscal year. No holding my breath. With CFO gone and new Head of Finance I am sure this could stretch out another month or two.
Ref selling the business, it's a risk, but would be highly illogical. The business has cash to operate for a while, which means everything is up for grabs, so why sell for pennies in the pound vs the time and money invested. I feel that's pretty unlikely, but we need comms on strategies to get the capacity utilised, as it should be a high margin business based on the current infrastructure. It's all plausible and doable in my view. Good time to buy in/add shares. We do need to hear from the new CEO though. Silence will not cut the mustard!! Honeymoon coming to an end.