Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Lazygun Just catching up and noticed your message. I'm happy with my figures and we'll see where we are next month when the annual report comes out. I guesstimated to Joe the other day that my year end Dec figure was �17m. By chance, there is a 'Pinned' tweet on my twitter file dated 1st Jan and it has a screenshot of the blogs at that time (which can't be changed) The numbers are clear if you click on the picture ... I had a year end figure of Cash �7m and Equities �8.93m so a total of �15.93m as at 31st December 2018. There's the actual marker of the accuracy within the blog �15.93m as at 31st Dec The twitter link is here: https://twitter.com/162shares I agree with you that ultimately, whether its that figure or a bit lower, in the grand scheme of things we are still very well capitalised but the purpose of this 'marker' is to draw the line against others who have been more challenging. The fact I'm willing to put all my figures and calculations out there for all to see means I must take the challenges with that because there are differing opinions, it's just when they get personal, I can't be arsed arguing. You are not included in that by the way as your earlier post was friendly and offered balance. At least I'm willing to share my tens of hours of research in the public domain which hopefully helps others. I think apart from anything else, the blog has all the links to presentations, interviews and broker notes etc which can be difficult to find so above all else its a reference library for MTR stuff all in one place.
"We'll park it for the results. Have a good one" Great. We wont need to wait long for the results either. Have a good one too.
Im not going here again Joe. I thought we agreed to disagree. If people do go into our posting history they will see you were originally �3+ million short on your estimates due to not correctly tracking GGP/LION/RRR profits. When I pointed this out you agreed there but we still disagreed on the final figure which is fine. I tracked all the figures to the best of my knowledge in 2017 and also cross referenced with other TR1 holders. For reference, the figures in the blog as at 31st December 2017 were around �17m cash and equities holdings. You were saying it was less than that. Lets park this debate in an adult way and revisit it next month when the annual report comes out and will give us the number in B&W. Whilst I can't/won't speak for Bonker, the 'donations' option on his site is because he puts 100's of hours into producing 460+ charts - for free (and many have been requested) and so the option is there to throw a donation rather than having a fee based site. Bit harsh to knock that guys IMO
Evening All. Some great information from the MOD boys this weekend and thanks to all those sharing. I�ve been lucky to talk over the phone to a couple of those that went to the presentation and also had 121�s I always knew this JV land was special but with increasing interpretations of the geology using the best GEO physicians and AEM technology, I never knew it was this good. I am blown away by the potential here and to think MTR are fully capitalised to fund their share of exploration is very reassuring as it avoids dilution for us. What really excites me now is the fact that they have drilled the arse off T3 and learnt so much that it has become the DNA blueprint to study and compare to these 7 domes in the T3 Dome complex. They are scared to death of a takeover at this stage because they know that the SP is worth many multiples of its current value and what�s dawned on me is this.... They have kept this new data/AEM 3D interpretation under wraps until now because it lays bare the brilliant targets in just 1,000km2 of the 12,600km2 area. They only released it at the last possible moment due to concerns of a predator coming in. So, if these targets come in and deliver, the important part to consider is that is doesn�t just mean a new discovery, it actually proves up the technology and their understanding of the geology and therefore the market will increase its confidence of all the other targets they�ve identified and begin to price in the sheer size of resource in the JV area which is mammoth! We�ve said all along the upside here is unknowable and I now think it�s mind blowing. The kind of upside you come across once every decade or so The current MCAPis �25m, so owning 6% of MOD and 30% of the JV project means the upside is literally breathtaking if they deliver. As far as I�m concerned, the whole thesis here has changed and I cannot urge anyone enough to google �MTRBlog� and spend a couple of hours reading it and listening to the presentations/interviews that are all there and in one place. Those who are invested and stay for the rest of the year could well experience life changing increases on their investments. Sorry if this reads as too bullish or ramping but this is a straight bat situation and if you spend the time researching it properly, you will know I�m actually just spelling it out as it is
My blog has been refreshed, updated and simplified in preparation for the transformational period we are now in. Just google MTRBlog Thanks to Bonker for the hard work last night updating it on his site ... cheers!
If you look at this link: http://www.modresources.com.au/announcements/2016 It took 4 weeks from commencing the drill bit (17th Feb 2016) until MOD had a trading halt with the first announcement of a significant copper find on 17th March so timescales are not months. Take a look what happened thereafter in 2016 ... trading halts galore with further results. That was just T3 ... now we are targeting multiple dome targets with 4 rigs so I would say this could get very busy soon with all sorts of RNS announcements
I�m also amazed boohoo but these things seem to happen this way. We know the sum of parts on todays knowns is way north of here in the mid 4s and that is underpinned with real assets at PFS stage plus cash and other liquid assets, so the downside risk has been pretty much nil. We also know the upside is unquantifiable due to the size of the 12600km2 acreage. As MMc says, you would normally have a number of operators sharing that size of land! If they prove district wide potential with another discovery then all bets are off - overnight, it�s net value will multiply. The domal targets they have identified at T3 Dome look compelling to me. Ive just been updating my blog and emailed it to Bonker for publishing later and this is by far the most excited ive been when updating it Now is the time and weve waited very patiently
So ... the 10 drill rigs can finally kick off the T3 Dome campaign ... LTH�s (and Sprott) have waited a year for this and patience has been required. The district potential here is awesome and whilst the rigs turn at all those tasty targets at T3 Dome, the awesome looming T20 Dome is going through the approval process and will be ready to drill in July! I know we've had to be patient and work through the extensive permitting processes, but it has given us the chance to change the shareholder register here. Many traders have got bored out only to be replaced by LTH's. The news that LIM Special Situations fund are buying MOD in the open market doesn�t surprise me. Another example of Private Investors bored out and selling low into the hoover of a big ii fund. Newsflow will be thick and fast from here and on any other topics the BOD are working on. Feedback from the recent investor show was that the BOD have been working all hours on prospective deals etc which presumably will unfold just as the drilling action hots up! We need to keep reminding ourselves that from drilling just 0.1% of their 12,600km2 acreage in the Kalahari Copper Belt, they uncovered a T3 discovery with an expansion case NPV of $400m. These new 7 conductive dome targets identified from the detailed and interpreted AEM survey look really tasty and if any one of them discovers a T3 style discovery then the market will apply district wide potential. MMc (MTR CEO) said recently that with every drill assay, the Majors are plugging the results into their database! Let the action begin! ...
This paragraph was cut short in the first post... There are execution risks (as with all small companies) and it�s down to the execution of the board, but I see much stronger underlying business trends in the making and underpinned by demand for the superior & higher margin superfine product as evidenced by the 2-year sales order with the US OEM.
Some thoughts on yesterdays update. There is clearly a �headline� disappointment with the revenues for Q1 which they say was �weather related� but there are also a number of underlying positive trends that need to be considered here. Firstly, despite the revenue drop, I calculate that the Gross Profit for Q1 will be ahead of Q1 2017 and also it will produce a higher EBITDA than Q1 2017 (although lower. than the recent quarters of Q3 & Q4 2017), but still EBITDA positive at company level, driven by (as the company states) materially higher Canton EBITDA than the same period last year. By way of example: Gross Profit Margins in Q1 2017 were 10% and revenue was $4.5m so Gross Profit would have been $450K We don�t get that breakdown of Gross profit each quarter so looking at the H1 2017 results, margins had increased to 13% and based on revenues of $8.962m, they made a Gross Profit of $1,254m which ties in with their Gross Profit Margin so we know Q1 figures (above) are correct. Coming back to Q1 2018, based on a revenue of $3.5m and a gross margin of 19%, overall Gross Profit will have been $665K, so despite the weather-related setbacks, still ahead of $450K Q1 2017. We know they were EBITDA positive in Q1 2017 (from the Q1 2017 trading update) so assuming most other expenditure in the P&L statement are constant (should be as the main variable costs are within the Gross Profit section) then they will have produced a higher EBITDA than Q1 2017. To support with the working capital requirements, Andrew black recently lent another $500K and also the vintage credits receipt of $190K will help too. That brings us to the future. It�s now becoming clear that margins are trending up particularly in the US as they improve the sales mix and also raise prices due to the quality of the product. These underlying trends are actually very positive and we can see from their commentary that they are focused on growing the core US business, where there is a strong demand for their product. If they manage to obtain a strategic deal/partnership to secure increased sustainable feedstock (especially in the US) then the underlying trends of the business will shine through which will have a sharper, more significant impact. The Canton utilisation was 61% last year, so there is huge scope for ramp up of utilisation. The work �concluding with Simmonds & Co� signals they are closing in on something and also, they see �scope for new partnership arrangements� to facilitate increased supplies of feedstock. For these reasons, I remain invested, topped up some yesterday and will buy more on weakness. There are execution risks (as with all small companies) and it�s down to the execution of the board, but I see much stronger underlying business trends in the making and underpinned by demand for the superior & higher margin superfine product as evidenc
Patience required but on receipt of a Feedstock deal/partnership, the underlying business will, as the board say in the RNS �materially improve the Group EBITDA and cash-flow generation going forward� We are trading at over 15% below net asset value in the balance sheet (after the debt it taken off the net assets) so there is comfort that we have net assets worth more than the current MCAP. Let�s see where the coming weeks take us�.
Unsurprising to see some action here and SP movement. The public 4 week review period ends today for T3 Dome drilling approvals, heralding the start of what most long term holders (incl Sprott) have been waiting for. The district potential here is awesome and whilst the T20 Dome is going through the DEA process, the drill rigs can at last be ramped up at T3 Dome on those highest priority AEM targets. I know we've had to be patient and work through the extensive permitting processes, but it has given us the chance to change the shareholder register here. Many traders have got bored out only to be replaced by LTH's. I can't recall the last time I saw any T20 trades/rollovers either. Newsflow will be thick and fast from here and on any other topics the BOD are working on. Feedback from the recent investor show was that the BOD have been working all hours on prospective deals etc which presumably will unfold just as the drilling action hots up! Let the action begin! .....
The whole point of the blog share investments is to highlight an undervalued company, research it well, identify the real value and then apply usual caveats such as cash, BOD, geopolitical etc and then test those metrics and research against the long term chart. Once an investment is made, the timing is difficult to predict but the reasons the blogs are kept up to date is to ensure the plan is still on course and ensure nothing has changed. The most challenged question I have, is people asking why some haven�t taken off as it�s been a few months since the blog was launched. The whole point is that the ultimate reward on these plays are a more than a doubling of value, so It�s astonishing that people even expect that in such a short space of time. I fully expect it in 2018 with MTR & SDX and the blogs are there to test and re-test that theory as news unfolds. I am also happy having my reputation out there on the line, in full public view as this all unfolds. It�s interesting to hear people today reflect on SDX with a �damn, I wish I held on� I genuinely expect a much bigger reflection with MTR as people look back at 2p and think OMG ... if only. FWIW, I added another 500,000 here the other day and tweeted it real time.
Crazycat ... They have clarified it within the ANN with the founder, CEO and Chairman's comments. This was sub underwritten to gain exposure and they also want more in the future. Question is ... did they also take a chunk of the placing? The 99m shares equates to �2.5m (significant!) so we should see a holdings notice shortly which will tell us what else they took (if they took some placing shares as well) This is excellent news for MOD as it gains another cornerstone investor with noises of supporting them further down the road. Exactly what I have been saying in the blog as the reason they chose to raise following the 121 mining event. It's all about compromise. They attract cornerstone investors at 4.7c in exchange for support further down the road towards funding production
lol
I can�t be bothered entering into this discussion. If you are fed up then why not sell up and move on? I�m very happy with my investment here and so I don�t feel the need to babysit your tantrum. In all the shares I have previously owned and changed my view (because things didn�t turn out as I�d hoped) I simply sold up and moved on rather than whinged on a BB
Nice find Bonker! �Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Wednesday it had increase to 90% its stake in Compa��a Minera Teck Quebrada Blanca, which main asset is the namesake copper mine in Northern Chile. The Vancouver-based miner said the deal, worth $162.5 million, simplifies the ownership of Quebrada Blanca, giving Teck additional flexibility with respect to financing options for the planned expansion of the project, known as �Phase 2� That 90% ownership level I�ve been harping on about sets the scene for financing options ... that�s the model I expect here
Or this link: http://bit.ly/2s9CNmq
Missing words: d i r e c t o r s t a l k
Here�s the evidence, direct from MMc Question/Answer number 5: https://www.*************.net/qa-michael-mcneilly-chief-executive-officer-metal-tiger-plc-lonmtr-2/