Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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My bad Vegas. I missed Avacta’s latest updated LFT spreadsheet.
Apologies for the duff info all.
Deramping a bit there zoom, my calculations are they've spent 7,528,347.34 so 2,421,652.66 left
Thank you @Zoom0001.
Zoom: Simply Wall St website gives this view on Avacta’s cash position:
“ Stable Cash Runway: AVCT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AVCT has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 13.7% each year.”
@5RINGS, they set 10 million aside for LFT development. So far, they’ve spent 7,528,362.68, so 2,471,637.32 remains.
Helpful?
Lot of idle clowns too.
Thought you had some sound points in earlier post. Bye.
Carlsberg333, is it possible your Scientist hasn’t quite understood how PreCision works? Yes it’s a drug delivery mechanism but it doesn’t involve nano particles or cage effects which offer a different approach to drug delivery. Both aim to achieve the same end result ie carry the drug to the tumour while reducing adverse side effects. Could be your scientist mistakenly thinks AVA6k falls into the nano category .
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4087095/
I’m a Googlexpert. You should really check for yourself!
How much money was raised for LFD development and of that amount what is left to date?
He’s genuinely funny.
'.....makes your willy fall off, your arms shrink and you go blind so you only find out when you **** all over yourself.'
Sounds like one of the more regrettable (but fortunately temporary) outcomes of wilder days when knocking back outrageous quantities of raw scrumpy in my distant youth - LoL!!
What is the matter with people I have asked a genuine question I live in Cambridge not far from whiittlesford
Where they are based
Black, we are fully funded til 2023, but unless the LG deal, Daewoong deal or Point come up with some revenue or we licence AVA6000 then at some point we will need more funding. Post AVA6000 initial data makes absolutely the most sense. The SP will be strong, they can raise enough to get us through trials and to a point of revenue. So far 50m has lasted around 1.5 years. By 2023 it’ll be 2.5. If they were to raise another 25m or so then that would probably see us to major revenue. I’m hoping that’s done at a SP in the £2 region. IMO that depends on how good initial data is and how the market reacts. Again there is a phenomenal amount of guesswork going on here. We need to see the annual report and AVA initial data. These two RNS are incredibly important so we can work out where we all are. Top side would be still enough funding for 12 months and AVA data amazing. Downside would be Als blown it all in the whaler and AVA makes your willy fall off, your arms shrink and you go blind so you only find out when you **** all over yourself.
Sound like a big cheese
lol
I hold 70000 shares
Carlsberk, check again, your not a holder.
Jarlsberg are you RxDav?
Good evening
I am a holder and positive about the future
I spoke with a scientist who works for Cancer Research uk and she has not heard of Avacta or AVA 6000.
I then explained the basics of what they have developed.
Her response was this is called a cage effect and well known.
Can anyone explain what the difference is
Thanks
£5 a share..... Simples
Eejit
Blackcat noone knows anything here even AS doesn't know what will happen. It's a gamble but the odds improve as progress is made and hopefully this will be a winner. I hope for you and all of us who have bought into this story that this turns into a huge success not to forget the benefit to real suffering people
Crowfoot. Agree totally with your musings and although us lth have suffered several disappointments and curveballs, some through dodgy doings, Avacta as an entity has gone from strength to strength with some very good personnel appointments and product lines and i am certain wi continue to do so. A 3 day roadshow with nothing at all would be just hollow so i am on the side of new news of some description. FC & GLA
Does it need to raise money?
Come on GSK, put us all out of our misery. £5 a share should do it. Keep the IP in the UK and get everything developed and commercialised as soon as possible. Great result for shareholders, the UK and humanity. Simples.
Crowfoot - I hope they make a success of the LFT. But AS has been clever using words like, ‘we believe’ in the past. Only to be shut down. The beauty of this roadshow is that he should get called out on it. Especially the arrangement with Medusa.
CE marking for self test… surely you can do something with that? I hope somebody asks him.
Again, here’s to hoping.