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AVCT placing has certainly not helped the situation. That said the BoD are the only people with the insight as to the state of funds. The market has been tough for some time and they could have raised higher a few months ago. Im not expecing the next quarter update any time soon as its the company's 12 month year end.
Ipa, I am talking about the value of the company. as a public pre revenue company the only way to measure the value of the company is by its market cap. yes they have assets and intellectual property, but they do not have any revenue stream. so as the share price dwindles to almost nothing, so does the value of the company
Cotec has ordered 3 reactors for the US paid for with their own money... that pretty much tells you they are confident of going commercial in the US in 2025... funding can come from other places than a bucket 'placing' ...There will be interested industry players who could well come in to partner as was the webinar stated plan
We paid £5m for the remaining 51% of HyProMag
Surely we didn't get swindled by a University!
Placing at 5p or below would actually confirm to be the case
This is how laughable it has become (in a painful way)
I am not saying it WONT go lower btw, I am just saying mentioning 4-5p, even if you despise this company, you have to realise that is such a ludicrous, downright insane valuation and even the biggest deramper and non-believers would be piling in at 4p.
If I am Cotec right now I am rubbing my hands.
TraadyL - fair point. guess wouldn't be a quarterly as would be a year end. Tuesday 2nd May 2023 was the 2022. I guess that also included the jan-mar quarter update as well.
But I'd like to state that AVCT is NOTHING like MKA. do we have a Phase 2 clinical trial to fund? No. No we don't.
Yeah, it is nice to see the sudden interest ... there is no reason a re-rate here with the right news does not get us to the mcaps of our REE LSE peers seeing as MKA could well be the one producing commercial REEs first or that matter SVM whose sp is not suffering from the Malawian MDA experience just yet! And whose number one in the world Rutile resource could well be eclipsed by what MKA has next door ....there is value here
Exactly no ph2 clinical trial risk here (that can and often do fail!) but actual proven valuable resources and a patented tech that can economically recover REEs no other rival techs can for the lowest cost and with the least environmental impact with one site ready to go commercial and more to come
One man's de-ramper is another man's truth-speaker. Sure, you do get bad actors on these chat boards (almost always the aggressive language types), but I think most of us are genuine.
And anyone who has been around the AIM block a few times would know such things are entirely possible, even with the good tiddlers. Happens more often than not actually, so hardly likely a 'lucky' finger in the air comment.
It was not me who said 5.5p, but back in late January, when the SP was mid 8's, I said I did not see much support until the 6's and for this reason, had pulled my buy order.
Did I think we would go to the 5's? In truth, I thought even 4's were possible, with continued radio silence from the BOD - although I had hoped for some news before now.
I did not mention 4's then, as I did not want to come across as a FUD spreader.
I do not care anymore, and will not let the bad actors silence or limit my opinions.
Genuine posters can believe what they want of my intentions, or those of anyone else. These chat boards are not for financial advice and IMO nobody would buy or sell off the back of reading stuff here regardless.
I did not sell up and take the loss back then, because, presumably like many still holding now, positive MDA news would likely see the SP rocket in the blink of an eye. And you do not buy these types without giving plenty of scope for sizeable moves to the downside (or upside). High risk. High reward potential.
Anyway, I am not adding during this period, but not selling the small holding either. Same as before. Will take a view when we find out what exactly is going on with the cash runway. News on the MDA would almost feel like sighting a unicorn, but that would turn this ship around rapidly. GLA genuine posters.