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Meant 2020 end of year results issued in June 2021 which is when the H2 2021 timescale was referred to.
That's not correct since last years results update it was H2 2021 then pushed back to end of 2021, then Q1 2022 then during summer 2022 and finally by the end of summer 2022.
Delays were due to semi conducter shortages, supplier delays, covid restrictions impacting test engineer availability and the the request from the FDA for additional data.
I suppose from the end of 2021 6months of covid delays plus the FDA delays takes us to the end of summer 2022 timeframe. All frustrating I know but it is what it is and the new date of end of summer 2022 has been clearly communicated which is why I'm expecting end of October at the latest (not withstanding any new unforseen delays).
iWantThatOne. If you accept that AVO's original forecast was by the end of Summer then an extra six months does take us into Spring 2023 and, given the BoD's historical unreliability, possibly later.
Meldrew, Covid started early 2020 and we’ve been reasonably comfortably living with it for almost a year now. The Board clearly did not mean it will take another six months from now!
Yes I did note that and took it to mean from their end of last year timescale of which 6 months has been and gone so they couldn't even get that question correct after the event. Also noted they are working 3 shifts and going as fast as they can to get to 230MeV, so I assume this is a 24hr (3x8hr shifts) project at present. They also said last fund raise was sufficient to get them to 230MeV and a further raise would not happen until this milestone is achieved.
I appreciate this is from the avo bod so how long is a piece of string comes to mind but as more and more pieces of the puzzle are completed there will come a time when even they can accurately predict how long it will take for the last piece.
I'm still hopeful end of October at the latest and any sooner is a bonus. They obviously don't know so give a timescale with several interpretations. The alternative of giving the worst case scenario is probably not an option but you'd think the investors handing over the money would be given a more precise picture of progress and know what is going on far more than we do.
As I've said before though from these low levels if it is completed soon the value of what they have achieved is worth much more and although unfortunately we don't get warrants we have been able to buy lower than the 25p fund raises.
Vanilla, At their last presentation, AVO said that Covid had delayed their plans by around 6 months. So I wouldn't get your hopes up about anything much happening before next Spring.
Absolutely Bimini but having given this more thought I think they might be working to a timeframe window where 230MeV could happen any time between the end of August to the end of October which is conveniently encapsulated within the term Summer. I can't see any other reason for being so wishy washy vague considering all that has gone on in the past. A little optimistic perhaps but if correct we may hear good news before the end of this month although a more realistic view would be as mentioned already on this board end of September. LTH's here will be very deserving of seeing this finally being switched on and if it is in the next few weeks enjoy reading the RNS headlined '230MeV achieved ahead of schedule'.
Hi pekingduck...I do believe your appraisal of the market potential of a fully functional proton machine is accurate...this has been clear for over 2 years and AVO and their presentations and market proposers have beaten this drum during this time....sticking to a deadline of the ever expanding date of a the machine operating at 230MEV (end of summer....see previous postings) is now the critical factor as doubt over AVO's ability to meet this target are being challenged as demonstrated by the fall in the sp. YES if they meet the target date excellent BUT if another delay/excuse comes out then the confidence in the BOD will drop to NIL and the sp will drop below the £0.20...they have got to provide confidence and info to the market on progress to instill confidence....we all want it work but over the years investors have been mislead/underinformed and project timelines have been a disaster.