Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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This is a must watch for anyone interested in Kooth - part of a series of videos uploaded from the 19th September UN Brain Capital conference in New York;
https://www.youtube.com/watch?v=68jODbvL878
The whole video is worth watching, but particular call outs are;
At 25 mins it's disclosed that there is a desire to launch Kooth as a state wide service in Kansas & Illinois. Excellent discussion on the current situation & a clear passion to integrate digital services ASAP.
The speaker posted further on this yesterday on Linkedin; https://www.linkedin.com/posts/janesbrown_such-a-pleasure-to-offer-novel-digital-solutions-activity-7118186301169831936-IKVg?
"Such a pleasure to offer novel digital solutions that have the potential to impact so many Kansan kiddos suffering mental health crisis as early as possible. Great partnership from Erin Davis and the entire Kooth Digital Health (North America) team to develop a state wide vision for early mental health needs identification."
Also from 9 mins Aaron Kaufer, Pennsylvania state rep, talks about how it took years to get to the point of signing the Kooth pilot last October & rather than wait to sort out medicare & insurance, they took money from the state general fund to fast track availability so it could be accessed immediately. I can't imagine there will be long to wait for an expanded Penn contract, particularly given that the pilot usage levels were significantly above expectations at 1 in 10 of the available population.
Underpinning a lot of the panel discussion is the California scheme & how it's a shining example of what needs to happen elsewhere. Kooth really do appear to be a cornerstone of mental health revolution which has bipartisan support.
If we weren't in the midst of a raging bear market on AIM then I reckon shares would be trading at >£5, the progress they have made since the 2020 IPO @£2 is huge.
Further good news from Penn a couple of days ago. Interestingly, it's directly in line with the thoughts of the Brain Capital panel video which I shared earlier re. aligning all stakeholders behind a single unified vision;
https://www.governor.pa.gov/newsroom/governor-shapiro-signs-executive-order-streamlining-mental-health-substance-use-disorder-efforts-to-improve-accessibility-across-the-commonwealth/#:~:text=The%20Executive%20Order%20creates%20a,health%20and%20addiction%20care%20services
“Across Pennsylvania, I’ve heard from students, parents, providers, and so many others who have told me about the growing challenges of dealing with mental health challenges and substance use disorder, which are so often intertwined,” said Governor Josh Shapiro. “It’s time we deliver the help so many Pennsylvanians are asking for. This Behavioral Health Council will be led by a seasoned expert, Dr. Christina Finello, who will spearhead the development of an action plan that will transform the health care delivery system to meet the real needs of Pennsylvanians. For the first time, our Commonwealth will have a senior leader in the Governor’s Office whose full-time job is to focus on this specific work and reach across all levels of government to improve our mental health and recovery services.”
"The Council builds on the Governor’s commitment to improving mental health services following major wins in the 2023-2024 budget that increased investments to restore full funding to county mental health programs and created a line item to invest $100 million to fund mental health resources in our schools."
The $100m line item is almost certainly where Kooth's contract will come from, however there is no telling exactly when it will arrive. Sometime in Q4 though, as per the 2nd October investor meet company...
Great stuff as usual Shearclass.
Hopefully Penn will finally sign off on their budget soon and then Kooth contract can be confirmed.
In last Investor Meet, they were very keen to say focus is all on successful delivery of California ahead of 1st January launch. However they have mentioned NY and N.Carolina in the past as targets. And from that Brain conference it’s obvious that they have support in Kansas and Illinois, where they already have offices. They also mentioned that 30 states looking at mental health investment.
Add in the potential to licence out the 18 non-English language versions. Future looks very bright if California is a success and they sound genuinely confident now that it will be.
Cheers Acuere, yes California is key right now. Once that is up and running they can focus on the opportunities elsewhere.
Great to see that BGF are aggressively buying up shares & have near doubled the £3m they took in the July placing. Cannacord have been indiscriminately selling down holdings across LSE shares, presumably due to fund outflows. That overhang is likely to be what caused the pull back from the £3.80 highs - fingers crossed we can exceed those levels before year end & smash them out of the park in 2024.