Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Very interesting what you said about shareholder activism, would you like to send me a Google email using my username and adding the current four digit year before the squiggly A symbol? It would be very good for some of us to see if we can get together the necessary 5% to call a meeting.
Hi guys been away on holiday and missed the conversation regarding machine and treatment room.
I can confirm from the presentation at Daresbury which I attended, they had a fully operational machine that they were constantly testing for different measurements and readings.
The treatment room does have the robotic chair in situ but the room itself was far from patient ready, to be honest thinking back it seemed lacking in preparation for the the installation. A comparison would be when you have started decorating the lounge with everything stripped back and the wife walks in with a new expensive light fitting and she says can you put that up to see what it looks like, loves it and won't let you take it down or if I put it up it ain't coming back down.
Sorry second quote is from 29 February 2024.
The date of that "last major investment of 80 million" RNS is also worth noting - 23 October 2023, some four and a half months ago.
Then on 9 Jan 2024 they posted:
"As part of the envisaged transaction (the "Financing Transaction"), inter alia, it is also expected that the Company would be required to restructure its financial liabilities with a view to providing a long-term financing solution for the Company to continue as a going concern. The Financing Transaction would also be subject to, amongst other things, approval by shareholders of the Company and consent from certain other stakeholders of the Company."
Then on 9 Jan 2024 they posted:
" Discussions with the Investor on the Proposed Financing Transaction have, since 1 February 2024, continued to make progress and the Investor has re-confirmed their continued commitment to the Proposed Financing Transaction. However there have been further delays encountered with the Proposed Financing Transaction and the initial tranche of funding has, as at the date of this announcement, not been received."
The real giveaway that this finance is nowhere near is: "The Financing Transaction would also be subject to, amongst other things, approval by shareholders of the Company and consent from certain other stakeholders of the Company."
This is basically a rehash of the recapitalisation and funding plan announced on 17 July 2023.
"The last major investment of 80 million"
Iwant, I suggest that you read the RNS a little more carefully.
The points to note are "non-binding" and "envisaged".
Hence they do not have an $80m loan, they merely hopeful of getting one.
"The Company has recently signed a non-binding term sheet with a third-party (the "Investor"). Under this envisaged transaction (the "Financing Transaction"), the Investor is expected to provide funding of up to c.$80 million which is intended to meet the Company's cashflow requirements through to the European certification of the LIGHT System."
There are certainly former employees of AVO and ADAM here who know exactly what is going on.
The last major investment of 80 million until the breakthrough is certainly not just for a few small cosmetic works. The last phase is always the most critical and always underestimated.
But that was no different with Medaustron, on the contrary.
I don't think there will be much news until the end of March, because that's when the question of ADAM's survival comes up. Perhaps the delay is even because of that.
In an RNS dated 18 Jan 2023 about future deliverables AVO said:
“Completion of building (for first patients in Daresbury) and approval for patient treatment in accordance with UHB guidance and requirements:
For patient use, the Daresbury site is required to comply with cancer treatment facilities, including planning and design. The Company and UHB have designed the building together in compliance with the relevant specifications. The Company requires the acceptance of the patient care space by UHB prior to use.”
The treatment room built so far is not yet adequate for UHB’s needs.
I'm a believer, then again I was a beleiver in Monitse and contactless payments and UKOG with the 'Gatwick Gusher' Not to mention NCYT and Avo.
I believe because I cannot see they will scupper the ship for a 'ha'porth of tar' The major shareholders know that sucess brings massive rewards, failure - NOTHING!
Well Basil,
There is no doubting your prowess with ChatGTP and your forensic break down of the narrative from the June 2022 video.
In looking at your many posts, you are clearly an authority above mine
So tell me, have you seen the 'light', are you a believer?
00:02:39.959
investigation plan and first patient
00:02:42.239
treatment in conjunction with University
00:02:44.160
Hospital Birmingham
00:02:46.200
we've installed a state-of-the-art
00:02:48.239
robotic patient positioner for aligning
00:02:50.760
patients in the upright position in the
00:02:52.620
treatment chair also a CT Imaging
00:02:55.500
subsystem an x-ray Imaging subsystem and
00:02:58.680
Computing software and Hardware to
00:03:00.840
ensure accurate placement Imaging and
00:03:03.420
image processing of patients
00:03:05.700
light runs on an advanced Suite of
00:03:08.280
medical software the clinical workflow
00:03:10.980
starts with patient admission intake
00:03:13.379
appointments and creating images for
00:03:15.420
treatment planning the treatment plan is
00:03:18.000
verified approved and delivered to the
00:03:20.040
patient typically over multiple sessions
00:03:22.640
using this software Physicians are
00:03:25.140
supported throughout every step of the
00:03:26.940
process ensuring that patients can be
00:03:29.340
safely and accurately treated using a
00:03:31.860
beam that's been fully optimized and
00:03:34.080
tailored to their needs
00:00:13.759
begins in the northwest of England at
00:00:16.500
the Desiree laboratory of the UK's
00:00:18.660
Science and Technology facilities
00:00:20.220
Council where we've set up our
00:00:22.140
manufacturing site for the assembly and
00:00:24.240
integration of our modular light system
00:00:28.019
a hall has been built to house the
00:00:30.359
accelerators which form the Beating
00:00:32.279
Heart of the light system
00:00:34.380
because avo's light system uses linear
00:00:36.840
acceleration there's a considerable
00:00:38.820
reduction in the shielding that's
00:00:40.379
required and no need for absorbers to
00:00:42.719
handle stray excess radiation found with
00:00:45.420
Legacy cyclotron systems
00:00:47.579
this is a major advantage of the system
00:00:49.559
making it far easier and more affordable
00:00:52.140
to install
00:00:54.059
everything starts at our proton source
00:00:56.460
using a system called Equus known for
00:00:59.340
its robustness stable operation and long
00:01:02.219
lifetime
00:01:03.660
from there the protons starts their
00:01:05.939
Journey along a gallery of accelerators
00:01:07.860
moving as a 200 Hertz pulsed beam
00:01:10.619
through the CERN developed RFQ and
00:01:13.439
various accelerating modules called
00:01:15.380
scdtls and ccls accelerating up to a
00:01:19.140
maximum of 230 Mev
00:01:21.979
avo's linear accelerator is now fully
00:01:25.020
constructed and operating at a maximum
00:01:27.360
power of 230 Mev The energy needed to
00:01:31.320
treat deep-seated tumors this makes the
00:01:34.439
light system the only proton linear
00:01:36.479
accelerator to have achieved this feat
00:01:39.900
the accelerator is driven by four iots
00:01:42.720
and 13 klystrons all supplying RF power
00:01:46.439
to the accelerators and is called kept
00:01:49.079
under vacuum and monitored by beam
00:01:51.180
Diagnostics
00:01:52.799
DC supplies in the system Drive magnets
00:01:55.500
which control the position of the beam
00:01:57.479
and a full control system keeps the
00:01:59.759
entire system working optimally the
00:02:02.520
accelerator is driven from a control
00:02:04.020
room where our specialist operators
00:02:06.119
accelerate and steer the proton beam
00:02:08.699
there are over 250 front-end Control
00:02:12.180
software instances newly developed to
00:02:14.940
accelerate steer and monitor the proton
00:02:17.580
beam it utilizes 20 Gigabytes per day of
00:02:20.940
data capture in beam optimization and
00:02:23.040
control and delivers a proton pulse at
00:02:25.440
your energy of choice every five
00:02:27.480
milliseconds
00:02:29.280
the patient treatment itself which is
00:02:31.620
the final goal takes place in the
00:02:33.840
treatment room at the end of the
00:02:35.160
accelerator
00:02:36.420
this has also been built at daresbury
00:02:38.280
where we'll
Video states that patient room is installed and state of art positioning chair installed with all relevant soft ware in place 2.38/3.46
Linear accelerator is fully constructedand operating at max power of 230 Mev 1.25/3.46
So close anfd yet so far!
The treatment room was not ready, Basil. Part of the additional funds was to pay for it to be brought up to UHB’s requirements.
Whether the machine has reached full speed (230MeV) is irrelevant.
Before it can be used to treat UK patients it needs to be approved by the MHRA.
Europe and the USA have their own approval bodies.
If any of these bodies had approved the LIGHT machine, it would have been RNS'd immediately. How far it is away from being approved is anybody's guess. The BOD have not even said that they have completed all their own testing, let alone submitted it for approval.
For a system that claims to be ready for patients, there is little, if anything, by way of evidence that the machine has undergone any testing, nor to support the 230MeV claim. Seems you build a world changing device then say nothing
The treatment room is at the end of the accelerators that have acheived 230MeV. Video gives the impression that treatment room has robotic chair installed ready for first patient treatment?
The room may be ready for first patient treatment, but unless I've missed something, the LIGHT machine is not.
Treatment room ready for "first patient treatment in conjunction with University Hospital Birmingham"
Video states it was constructed and was waiting first patient treatment in conjunction with Birmingham hospital (or is it a FAKE)
Did we not set up a fully constructed prototype at Daresbury ? https://www.youtube.com/watch?v=FUkV5UXHHIw
@Basil1717
Yes, knowing where we stand with the investors would certainly bolster confidence. However, future revenues are dependent on a proven working machine. Do we know how close to completion we are of the first system?
Ratification of our investor's intentions would give massive impetus to obtaining first revenues. What SP then?
Winding up orders cut straight to the quick. There's no messing about with court judgements or bailiffs, debt collectors or anything of that sort, if you offer evidence of a debt to the Court and it is not settled or denied by the plaintiffs response within the allowed period (30 days), the WUO gets issued and that's the end of the Company concerned. It's a brutal process and proceedings are indeed swift. The order can only be rescinded if the Company applies to the court for a hearing and can show that it's debts can be paid. Maybe the BoD would stump up the necessary to do this but I doubt it.
Whilst I am sceptical about Bertie8's imminent winding up order, the spirit of what 'he' has said is a definite possibility in the not too distant future. This action is available to anyone with a valid interest and demostratable proof of liability, say, an enforceable court judgement against AVO for a sum of money. Bertie8 would be quite at liberty to approach the High Court to have the judgement enforced by way of collections agencies and/or in the event of the AVO being unable satisfy the debt, a petition to wind up the company raised. I understand that if successful, winding up proceedings are swift.
The company is based in the UK. A winding up petition has started and will be served to Mr Serandour or nailed to harley street door in the coming days. The UK high court will decide whether to liquidate the company to pay the creditors.
The subsidiaries elsewhere are irrelevant here, the parent company has the debt.