Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Missed this bit off the bottom… very very promising
Valuation to be refreshed
Far the moment our valuation remains unchanged at 121m or 545p per share but we expect to update this shortly taking into account RUA's new commercialisation agreement. With the drivers of a large market, a shorter time to cash flows but over an extended period, a lowered risk adjustment thanks to the partnership, it is unlikely that our valuation of RUA Vascular’s products will come down.
IG are showing a LTP of 9.75 - how or why would this be?
Have they burned through all the cash since Sept..? There was up to 4.5m (the subscription of 3m below and cash of 1.1m) - over a million a month! And the wording was a lot more positive at that point.
Operational highlights for the period:
· Successful trial results with Volz Holdings and REACH UK registration
o Creating potential to lead to wider adoption by the global filtration industry
o Pipeline of interest is already at an advanced stage
· Joint development agreement with a global wellness company for their first project in the cosmetics market
· New share subscription agreement to raise £2,942,500
o Proceeds to be used primarily to fund its working capital requirements as the Group looks to commercialise its bespoke nanoparticle technology
· Directors continue to purchase shares in the Company
o Confidence in considerable potential of the Group's nanoparticle technology
· Strengthened Board
o New board members enhance commercial expertise and corporate governance
Mark Duffin, Chief Executive Officer commented:
"We are pleased with the recent updates that we have been able to share as a result of the hard work especially during the last 12 months. The REACH UK registration will allow our partner Volz to apply antiviral technology to all their products. This has the potential to lead to wider adoption by the global filtration industry. The first project in our R&D programme that was secured is a testimony to our leadership in the nanotechnology market. Confidentiality and competitive advantage remain our priority during the development stage and we look forward to potentially becoming exclusive partners in the future. The funding arrangements with Lanstead provide further working capital as the Group looks to commercialise its bespoke nanoparticle technology.
"As a result, we are very excited about the future of the business and are confident about the near term prospects of the business."
Net debt is £10.3m and down £1.9m from LY. Cash is £3.2m so in real terms debt is £7m.
That’s likely to continue to improve given the tailwinds in this sector atm. Have been keeping an eye on this for a while and am very happy the current trajectory. GLA
Thinking about the possibility of a rights issue I feel this could be linked back to the IPO and the now fairly obvious and undeniable likelihood that PW and the BoD believed they would raise FAR more than they actually did from the Nasdaq listing which in turn now leaves them with no choice and very little room to maneuver.
They were clearly hoping for a 100m+ if not 120m+
Given the sentiment atm I think anything above 500 would be better than expected.
JMO
I must admit I agree with a lot of what you’ve said. I’ll admit this is the first time in almost a year I’m seriously thinking about selling my holding in ARB. It’s sizeable and currently I’m up over 40% so what do I do. Hold tight and hope for the best because that’s what it feels like I’ll be doing since the strategy feels like it’s starting to unravel… Or sell and put my money into one or more of the other players.
I echo your concern and frustration on this point, the clarity around this is not acceptable and the wording used for the delivery of new miners in Q2 2022 is still ambiguous to say the least - is that at the start or end of Q2 and how many can we expect..?
I’m growing more and more frustrated around this point.
This’ll ultimately come down to what NRW really want which is probably money for another project or enhanced T&Cs on the project. Once this is agreed I’m sure the green light will be given and it’ll be full steam ahead.
My concern would be how long this will take to agree and resolve, what it’ll cost in terms of reduced scope or operational constraints and any lasting or long term environmental impact management post project.
Really do hope we see a positive outcome to this and can we expect the price to rebound as much as it dropped or are we going to see further erosion of the SP.
Not a happy crappy today!
We remain on the radar but somewhat under it…
https://www.tipranks.com/news/article/3-crypto-stocks-gearing-up-for-gains-analysts-say-buy/
Bullish views. Hodling firm, GLA