Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Meant to add, they placed Acacia shares with investors. Mmmm appetite! Also listen to his sanguine view on takeover.
IBS data in autumn.
Very good interview, to the point.
Thanks for posting the vid Spwcapital.
Trek
Spark
Lol! You do humour me did you read your post... I’m guessing and then you try portraying it as fact with fictional data, ‘£5m and October’.
Actually I can read a balance sheet very well and it’s my view that people investing on AIM should understand the basics so if you have to guess my friendly advise is AIM is not for you.
Trek
“We raised in February so we have done one fund raising already this year. I think as a biotech business you are always looking at the market place you are always looking at investors we are very keen on talking to investors from overseas from US from Asia who have got interests in what we are doing so we keep an eye on the market place and see what’s happening”
So one’s conjectures...
If you keep saving raise money you’ll be right one day.
They raised enough for ‘already this year’ so not again this year but never say never.
It would be remiss not to apply for a grant
It would be completely insular not to keep an eye on the market place
There is shared interest from US and Asia in what they are doing
If they raise there should be shared interest
Now back to the RNS, two readouts with the current funding are promised. That’s what they raised for.
My opinion one successful readout and at this lowly mcap they will be snapped up by those interested parties. Or if the did raise on the back of it it would be at a higher SP.
Directors here have holdings ranging from 5.2 to 7.8% and probably at a higher average than the current SP. We are more than aligned.
Trek
It does mention a Nasdaq listing though as the London markets are unappreciative of Pharma companies and US listings value a company a lot more fairly with bigger investment, and Duncan said that this is a route that is possible going forward!
No mention of delays, Duncan said the asthma clinician’s was repurposed easily to the covid trial and have done a fantastic job, where are you getting your info from Brainspark, because everything you say I can’t get from public information routes?
I'm guessing the IBS and other trials are delayed due to covid 19band only £5M left in the bank. Have you seen their cash burn rate!! Money could run out in October
Brain dead.
Exactly...they are talking to investors now about raising cash. Every rise is being sold into. Prey they raise at 30p rather than wait for 20p
Yes applying for government funding because all business’s throughout the uk are entitled to apply for government funding because of covid.
They've applied for government funding so hopefully that comes through.
Listen from 7.47minutes in, that's where we're a bit cautious.
Happy to hold a small percentage of our portfolio here.
There’s already been a placing this year be stated in the video. Didn’t mention he needs to do another placing this year.
Once we get some positive news we will sharp move up and bring more value to the company.
Just finished listening to Duncan Peyton. Lets hope a potential future fund raise is not through a placing to fund their next stage!
https://www.youtube.com/watch?v=mlL2d0-j2qI