Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Yep :makes a change:FF not available in store or online H/B or amazon (Not sure if a good or bad thing)
Great news, although we should have carried out the blood pressure work ourselves before Oslo got in there.
I always wondered how they would have split revenue if the likes of China (by-health) launched a blood pressure product (witch I am confident they will bwtfk).
Only 11.5 million shares as well, bargain.
Covid news also a bonus.
Why do yo think availability is an issue at HB Amazon?
gix
tend to agree, Oslo was a loose end that needed sorting
W$$
Finally an RNS! All looking good. One day this share might take off!
Surprised we’re going to get a trading update !must be something of interest to tell us .
Oh dear, no 0.35 buy in. Strong strong strong strong bu.............y
The Company's Fruitflow+ Omega-3 direct selling business has been operating largely as normal throughout the pandemic, and despite some initial delays in the supply chain a new production run of Fruitflow+ Omega-3 capsules has just been completed thus ensuring continued supply of the product.
The Company will issue a full trading update in due course.
Sphinx, there was a trading update last year in July. This year will probably be cut & paste as usual and it looks as if the finals will be as late as possible. Market reaction to today's RNS as expected. A few more patents to add to the vast collection and paid for by more dilution, (It wasn't exactly expensive was it so it can't be that great!)
Good to see a belated mention of Covid-19 though.
Back to sleep. Nothing to see here.
AIM rules state results have to be issued no later than 6 months after year end, so no later than 30th September.
FFS Colby it’s 9 o’clock do you do any work you lazy git.
Sphincter, I meant back to sleep for Provexis whilst we wait on transformational news (about 5 years late LOL! )
Most the people posting here are in their 80's and have Dementia, no work for them.
An important piece of housekeeping..........I reckon bi-health must be close now and this was a sticking point, so they advised PXS to get it sorted.
The covid news is very belated but welcome nonetheless.
Trading update will be of more interest though..............i'm not expecting fireworks but hopefully steady progress. The company could still do with a bit more impetus (or a rocket up the backside)
Don't you think this update emphasises how much confidentiality Provexis has to respect?
I am certain that there is a lot of work on the Covid subject, but also certain that it just can't be discussed. So we have to suffer the old duffer saying they are doing nothing, whilst the reverse is the case.
Having full ownership of the BP IP is plainly good news. Depending on your point of view, viewing Oslo's share of that IP at 80k at yesterdays's share price could be good or bad. Good because it means next to no dilution to settle it, but bad because, well 80k isn't very much and doesn't exactly value that IP very much I'd caveat that by saying, firstly, I don't know what percentage split of the IP that 80k applies to, and also by saying that if Oslo hang onto those shares and the sp rises, then their return obviously rises too, but there's no way of knowing if they'll do that.
The COVID statement ( excluding the bit about supply issues ) is suitably vague and could mean anything between nothing and a massive opportunity.
With less than seven weeks to go to the publication of the Annual Report, mention of a further trading update is just weird. If there's price sensitive info to be released, then why not release it today ? If it's not price sensitive info then why not wait until you put the report out and include it in a post reporting period section ? Again, it could be anything ranging from positive news on the Bi-Health front to a fund raising, neither of which seem desperately likely in the next six or seven weeks, but wtfdIk.
Plainly we'll find out more by the end of September at the latest.
BB
Alf - judging by the other Covid stocks I’m in, the answer to your question is no.
Your ‘certainty’ on both aspects is unfounded
On what basis do you make that observation?
Perhaps they have just tipped into profit ,hence trading update !
Alliance News) - Provexis PLC on Thursday announced that it will purchase the antihypertensive intellectual property and patents from Inven2 AS and has seen increased demand for its product due Covid-19.
The Berkshire, England-based food technology company said it has agreed to buy the patents from Inven2 for 11.5 million shares in the company, at 0.69 pence each, totalling about GBP79,350.
Provexis shares were up 5.7% at 0.72 pence each on Thursday afternoon in London.
Inven2 is the University of Oslo's technology transfer office.
The intellectual property holds significant value to the Provexis as its main product, Fruitflow, which is a natural extract from tomatoes used to fight cardiovascular disease, was collaboratively researched between the University of Oslo and the company.
Provexis Chief Executive Ian Ford said: "We are delighted to have secured outright ownership of this important blood pressure lowering patent family, and would like to thank the University of Oslo for their support and assistance throughout the collaboration."
Provexis also said that it has experienced increased consumer interest for Fruitflow in light of the Covid-19 pandemic, as consumers look to nutritional interventions to help them fortify the circulatory system against the effects of Covid-19. Fruitflow helps with normal blood flow and circulation whilst Covid-19 can have an adverse effect on circulation.
It's a step forwards having confirmation of the link between the circulatory benefits of Fruitflow against the damage caused by Covid. Someone has to pick up the claim and attach it to a commercial product. Will the first be Provexis with Fruitflow +Omega3 ? If so, then a much larger inventory would be needed, and they talk of supply chain delay in this update. Could current production match a big upturn in demand? hopefully minds are being concentrated around that issue.
Agreed;but why not available on Amazon or HB?