Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Ricardo2019 - Yes I believe, Liberum are the house broker.
Ah, they are: https://liberum.com/news/liberum-acts-as-nominated-adviser-broker-and-sole-bookrunner-on-the-aim-ipo-of-sourcebio-international-plc-raising-35m/
Usual caveats apply to house broker reports then.
Great potential expansion of the business.Bit of a muted sp reaction.I’m just thinking if sbi were Gdr we’d be up 50 percent today at least.However always great to have a few irons n different fires.
Are they a house broker for SBI?
Liberum see scope for upgrades after today's news per this new article on Proactive:
Https://www.proactiveinvestors.co.uk/companies/news/942818/sourcebio-international-to-expand-us-covid-19-testing-services-942818.html
Extract:
"Analysts at Liberum said that this announcement offers scope for upgrades as we move through the year.
"The signing of a deal with a high street pharmacy chain in January and the more recent deal for Mitie’s Mobile testing units have raised our confidence in SourceBio’s ability to meet our 2021 forecasts that call for a quadrupling of underlying earnings (EBITDA)," they commented."
Hi Regulator. I'm talking about SBI's already existing San Diego facilities, which are to be expanded - obviously they will now kit this out!
Anyway, as you say this should be very good news. Testing for COVID-19 will be necessary for some considerable time imho.
"especially since the facilities are already there"
Not quite how I read the RNS. They have the space but have to develop the facilities.
Other than the short delay to get the facilities up to scratch this should be good news - and timely, as it looks as though the US could be heading for another wave.
This news should revive things nicely - expansion into the USA to carry out PCR testing in the next quarter in the same way as in the UK...
5,000 samples per day should bring in some very decent cash flow, especially since the facilities are already there and SBI can simply replicate what's already been achieved in the UK:
Https://uk.advfn.com/stock-market/london/sourcebio-SBI/share-news/SourceBio-International-PLC-US-expansion-of-COVID/84481983