Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Most of these roles have been on the website for several months now, looks like they may have issues recruiting these roles... Many of them specialised. Training up people is one think, but to build and comission a machine like this will require people with some experience not just in general engineering but in accelerator engineering too, I imagine there are very very few of these people and even less of them in the job market.
The current SP reduction is dissapointing for those who have been here for some time... Many of you years now... How much lower Wil it go before some real impactful news... Well that's anyone's guess.
A dissapointingly vauge and hollow update, considering the last update stated it was still possible that we would have a full speed machine by year end, if I recall correctly.
Treatment room installed installed great... Commissioned and signed off... I imagine they would have told us if this was the case.
In the mean time we will have to be consoled by these lukewarm updates that things are moving in the right direction, but at a pace much slower than anticipated.
The RNS states about entering into partnership with suppliers to leverage their installation and testing expertise. I see that there are still several jobs on their website that have been there for months.... Many many months. So they appear to be having some recruitment and retention issues.... Is it the salaries, T&C's, culture.. etc... Who can say but it is worriesome that they are not able to attract and retain the necessary talent to support the activities of this project.
I'm sure they will achieve the objective in a fully functioning machine in 2022.... But I wouldn't like to guess when the first patient will be treated..... There is still a a few milestones to hit before we see some significant and sustained upward SPmovement here.
Bimini - I think your prediction of the next RNS being about further funding is a fair one. I too was a little deflated to see that there was no real commitment in the RNS with regard to timeframes and it was very open. I think what we have to bear in mind that this is a very complex engineering project where a multitude of issues can hold up progress, having said that the company can really no longer be considered a startup, they already appear to have a significant corporate structure in place and a large number of employees. However it's that corporate structure that is draining the coffers, while having a minimal impact on the actual progress of commissioning this machine up to the 250MeV needed for patient treatment. So I think your predication of additional funding requirements has a high chance of coming to fruition.
The latest RNS and the LOI is a positive news, however it is all hinged on obtaining CE marking and reaching 250MeV, and no money will exchange hands until these objectives are achieved, this was very clear in the RNS.
I am confident they will reach these milestone in the project, I just hope that the cash doesn't run out before then. More funding and the resulting dilution is not what LTH want to see.
I have no Idea who, when or how likely that is to happen. I imagine if someone is eyeing up AVO they would wait until they have at least got all the relevant approvals and have some more orders on the books before they would be considered. However I am not a venture capitalist or a financial guru so I really have little insight into how these potential buyouts come to fruition.
Yes Parky your right, Siemens Healthineers bought them, however I continue to use the name Varian because the technology is still Varian and I think they are still under the Varian name at the moment at least.
Potential buy out ... Maybe, I was surprised by this move from Siemens to be honest.
Thanks, Yea that was somewhat hidden, was easy to scroll past thinking it was simply a background image. Ok, so i watched it and I agree the animation is nice and the music dramatic, and there is some small details regarding the energies, but apart from that very little to go on. How do they get the beam from the proton source up to 4MeV? They don't name the technology, apart from generic label like low energy cavities.. etc. From what I can see the project is still in its conception stage.
Hi Spot,
You are welcome, many of us here have been onboard and invested for 3-5 years now, so during that time through research etc, we learned a fair bit about the state of the industry and the technologies . I cannot see a video, if you can post the link for us all, that would be helpful.
The partnership with CNAO, INFN and CERN goes back about 20 years and relates to a synchrotron that was developed from proton and Ion therapy. The fact that INFN are a partner of Linear beam doesn't automatically mean that Linear Beam have access to the same technology and does not mean they have a defacto partnership with CERN and its technologies . AVO's partnership is direct with CERN and part of that partnership is the licensing of the RFQ, which is a vital part of the system. I understand that licensing is an exclusive agreement between AVO-ADAM and CERN. I am sorry you feel my comments were obtuse, however that doesn't change the fact that simply looking at the partners on a company website gives me any insight into the scope of those agreements which underpin those partnerships and a collaboration dating back to the 90's is not a reliable indicator of what ongoing or future agreements would comprise of.
There are several players in the proton therapy game, IBA, Varian, Mevion, all with slightly differing technologies but crucially none of them with the same partnerships or technologies as AVO-ADAM. So in that sense one could state, with a certain level or reasonability, that they have a monopoly on 'some' technology, I never made that assertion.
If you wish to be more informed on the technology, there should be several investor presentations on the AVO website, which describe in non expert terms, the technologies being the LIGHT system.
Apologies for my irksome spelling mistake, I was typing on my phone and as you probably know, these comments are not editable once submitted. I apologise in advance for any further spelling or grammatical errors.
Fishing? Fishing for what precisely? I understand the technology and I don't see much information on the linear beam website that gives me any idea on their proposed system. Look at their partners... Also tells me not slot.. apart from its a spin off in its infancy.
Linear beam have no detail on their accelerating structures, do they have access to the same patented high gradient RFQ? What type of source are they using, are they using klystron powered CDTL's? What energy will they reach with their system? Their website details nothing about their accelerator technology. So I'm not sure how you came to the conclusion they have the same technology as AVO.
Rutherford health are not developers of proton therapy, they are a private provider of oncology services that will offer a proton therapy service in the future, possibly using a competitors machine, I spotted they have a photo of an IBA machine on their website.
I think that there will be several health services waiting in the wings to order this, clearly they will be waiting until the system receives regulatory approval before placing an order. I genuinely believe once this occurs the order will come in and the share price will reflect the market confidence. This is not a get rich quick holding, but I believe if we are willing to hold over the next couple of years then we will do very nicely from it.
I concour with revolutionary's general analysis. There seems to be a lot of focus on Daresbury and this is the setup they will use to obtain relevant certifications.
Also looking at the recruitment it's all heading in the right direction.. just slower than we as shareholders would like... As has been said before this is a slow burner.. but I reckon once things get moving and the certification is there.. we will be looking at a SP of circa £1.50 upwards.. then who knows from there.
Closed my position, 56% loss, not a great introduction to my first time buying shares, but lessons learned. Now I think with the rest I will invest in myself and finishing my degree. I think the pay off will be much greater. I have learned alot and will keep and eye on this stock and maybe will be back in the future when things have have smoothed out
I think the drivers for the SP increase lie in meeting the new timeline and securing better financing... I hope that now that realistic and achievable timeframes have been announced then a long term financial partner my be found.