Member Info for 28jaczar01

This 4th cohort should be the opportunity to now get a US based site actively involved in the Phase I trial. That will likely bring more of the US based pharma industry eyes onto Avacta in the coming months. Also does no harm if a Nasdaq listing is in the pipeline…..emoji wink.

Very good point just made by @samjrobbo over on Twitter about the “Tolerability”…….

https://twitter.com/samjrobbo

Things look to be moving back in the right direction here based on todays RNS.

Here’s a reminder of the last presentation (dated end June) taken from the OMI website for potential new investors taking a look in here after seeing the recent positive price action. Slide 11 for the Colombia Project lookahead highlights is the key near term game changing driver….

https://wp-orosur-mining-2021.s3.eu-west-2.amazonaws.com/media/2022/06/June-2022.pdf

Currently today in Canada the trading volume for OMI is circa 10 times greater than the average daily volume and the market is still open for 2 more hours. Bodes well.

https://ceo.ca/omi

Solar panel sales boom - main stream media news article:

Solar panel sales boom as energy bills soar https://www.bbc.co.uk/news/business-62524031

The 3.75 million shares trade looks like a sell based on the time/price. Explains the SP drop today. Anyway it’s done now with someone wanting out despite there being plenty of news to look forward to here in H2 2022.

For info…..just checked again on the Serabi website and the Premier Miton holding has now been updated from the previously defined 6.5% value to become the 4.77% value as defined in yesterday RNS.

https://www.serabigold.com/investor-centre/share-structure/

Strange TR-1 content……my understanding was that Premier Miton was already long term holder of 6.5% of SRB stock (this value is still today the defined value on the Serabi website as per link below) and so if this latest RNS is now showing their holding down at 4.8% then they have reduced their position by circa 1.7%.

This could explain the selling pressure we have seen in recent times despite the positive news for Palito operations and Matilda drill results. I hope this RNS reflects that they have now stopped selling and will hold their position at 4.8% going forward.

https://www.serabigold.com/investor-centre/share-structure/

Awful placing price……..it looks to be a bad time in the markets for Companies to be needing funding and with global recession likely looming in the coming months then it’s probably going to be getting worse.

Recommend investors should be actively assessing their portfolios now and looking to offload similar at risk stocks where funding is likely needed by them within the next year or so.

Low price warrants involved……that’s a big time selling overhang catalyst for the foreseeable.

It’s an important success factor to have robust local content / community relations set-ups in place for our Projects. It acts to support with many key aspects such as: ensuring suitably skilled workforce, high levels of staff retention, promoting harmony with local community, etc.

Just spotted this RNS from Eqtec released this morning. Excellent to see Petrofac picking up these type of non O&G projects to enhance their industry diversifications going forward.

https://www.lse.co.uk/rns/EQT/petrofac-selected-for-feed-on-billingham-project-kmdl0hi5jcqhbna.html

I am a strong holder here so this is no de-ramp but from my calculation the June production is down quite a lot (circa 15%) from the April/May production. This to me is surprising considering that they should have been benefitting in June from processing of some Coringa development ore trucked up to Palito:

Q2 production = 8418 ounces
April production (2919 ounces) + May production (2949 ounces) = 5868 ounces
Hence June production = 8418 - 5868 = 2550 ounces

Don’t really like the way that the Serabi RNS has tried to hide this aspect so as to avoid giving reason(s) for the 15% production drop in the past month.

Unlikely to see a rise in the SP today on this basis, in fact probably a small drop.

On budget - tick
On schedule - tick
Tier 1 experienced suppliers - tick

Bodes well…..

Looks to me like they are lining themselves up to “under promise and over deliver” on the 2022 annual copper production. At the half way point they are 6.5% ahead of 2021 production and 2021 full year ended up delivering just over 14000 T. Hence if they can keep on going at the improved rate for remainder of 2022 we should see final annual production at around 15000 T which would beat the top end of their guidance by 1500 T (circa 10%). Bodes well.

Historical seasonality data shows a rising gold price is common situation through the summer months…..if it follows similarly this year then should bode well for Serabi.

https://twitter.com/nautiluscap/status/1545450023420305410/photo/1

@chaebol….your suggestion to fast-track the Canada closure/sale etc could have merit. Argo needs to quickly do the financial analysis with sensitivity checks etc for the various path forward scenarios to determine optimum solution to pursue for Canada and timely implement.

@HGN…..irrespective of the Helios operations, the relatively small 20 MW of Canadian capacity spread over two manned locations and filled with ageing air cooled miners is likely going to be shortly in the situation where it will not be meaningfully contributing positively to Argo’s overall performance as the bitcoin global hashrate likely continues to increase.

Its been over 3 weeks now since the drilling commenced at Red Setter. Would expect to get some news about the visual observations from the initial holes, like we got for Halo…….Hopefully within this week.

Likely it’s already planned by management to wind down their 20 MW capacity Canadian mining operations which are spread over two locations (Baie Comeau and Mirabel) within the next 6 - 12 months, when the Helios 200 MW capacity is scheduled to be fully available & they will have gained in-depth experience with the immersion cooling set-up including overclocking.

Makes good business sense to relocate the older generation air cooled miners currently based in Canada over to Helios where the immersion cooling with overclocking can enhance their efficiency and extend life. This would in turn allow Argo to either sell or lease out for hosting their Canadian facilities and get the associated Ops staff off their direct payroll, in order to reduce the overall Company cost base.