Member Info for andypa

Has anyone successfully taken up the retail offer. I hold through Barclays and they have confirmed that they will not be offering the ability to take up the offer on their platform, FFS.

My best guess is that the first furnace was specced wrongly....................and may well have led to the 50% scrap rates last year.

SCE specialise in giving the least info possible, so we are left guessing.

Production isn't working......they are outsourcing...........never margin enhancing. Next furnace to arrive is in Q4.

Seeing it is such a complex, difficult process I'm surprised there was anyone to outsource to ?????

I have sold...................lost all faith in management

Last 2 fund raises management has omitted lots of important info.........

Auditors forced the company to omit one of the two furnaces is junk.............now out-sourcing FFS

There is a £3m cost as another furnace will be required in the future................

Never invest in AIM......................

Does anyone have a link to the latest presentation? Thanks

They tried to run before they could walk.

Kept on expanding and spending money when production processes hadn't been sorted, resulting in a high scrap, high cost operation. The last fund raise is the final roll of the dice. If operations don't improve the company will be bankrupt in 6 mths. Very poor management indeed.

I'm guessing that the scrappage problem is around 40% of saleable product. This means that we are loss-making for every sale and probably would still be loss-making even with scrappage at 5-10% as the volumes are too low.

I would guess that we are burning through a £1m mth so cash is now around £3m FFS.

I can't believe that we need more money already after a raise in Nov. Clearly, there has been no significant operational improvement otherwise we would not need a raise. I imagine that pressure from customers to deliver has led to a willingness to continue to run at high scrappage levels.

It would appear that the volume of scrap material produced during production is significantly impacting the company's ability to ramp up profitably. This was supposed to be a high-margin business. What a cluster ........ So now we have production and scrap issues.

Gold has peaked, struggling miner news article, only option!!

The arrogance to think that investors would fall for such nonsense is mind-blowing.

Patels can hedge production at these higher prices to pay for an increased offer.

Don't forget Singida expansion and super pit potential. They must nearly be ready to confirm the order of new equipment to increase production.

Last week I thought the share price was going to zero or there would be a rights issue at 5p. So very happy to have sold my shares today at these prices. As there has been no announcement as to the reason for this rise I would not be surprised if this returns to sub 20p within a few weeks.

I don't believe that the benefits are in doubt, just need to get PCP's requesting the test as a standard part of treatment / best practise. We are going to be added to the KDIGO 2023 Guideline, so that should help.

Everything is taking 18 mths longer that everyone hoped and expenditure should have been slashed 12mths ago to extend the runway. Fingers crossed Renx survives.

The new sales guy stated that the biggest impediment to sales was PCP's identifying suitable patients. I had assumed that a simple algorithm was being used in MS to ID patients and recommend that they come in for testing. ie anyone over x age, x weight, high blood pressure, diabetic etc. All covered by insurance so everyone is a winner and the insurance company saves on much bigger costs down the line.

“ The question many should ask is what would happen if no offers arrive, and the board proposal is then voted down.”

I think that Bidco would increase its offer as it is getting such a good deal.

If Bidco sells WK next year after getting licences approved for c $100m and free cash flow continues to run at $10m per quarter as it currently is, then Bidco get their money back within 2 years................ That is a very very good deal for

them and a very bad deal for us.

"The only acceptable explanation for today’s bid for Shanta by existing shareholders is that they are doing it to spark other bids at a higher level"

I disagree............this feels very much like an inside stitch up.........Interesting that the face and voice of the company Eric did not contribute to the RNS. He may feel he cannot recommend the offer based on his undervalued comments over the last year. I imagine there may be a nice big job waiting for him with ETG.

The reasons in the RNS are ridiculous.............basically, large shareholders can't sell because share is illiquid so want to accept this crap cash offer............

Here is an alternative strategy

Sell WK next year when the licences are granted. Should raise around $100m.

Start buying shares back and start paying 5% divi.

Buy another ball mill for Singida.

Will be generating $10m plus cash a quarter

Everyone is happy

I imagine Bidco will sell WK next year and combined with the free cash flow will more or less get their investment back within 2 years.

Lol, when I saw the headline and share price I had assumed that Shanta were buying something. I was very confused when I first started reading the RNS........

I have never seen a company with good prospects agree to a takeover at such a low premium. What was the point in agreeing to the takeover at all?

At current gold prices Shanta is generating approximately $10m free cash flow a quarter. Why are accepting this offer? It does not make sense?

"included the discussion of their first clinical case where a patient was admitted into the hospital with exacerbation due to cystic fibrosis. XENOVIEW MRI uncovered surprising ventilation defects that were not detected in the patient's chest radiographs, which prompted a specific change in management for the patient."

Mu Health care video - https://youtu.be/iFZ6oml7NhY

A gold price over $2000 means we earn approx $10m a quarter free cash flow. We are trading at approx 4 times FCF. Not many companies can say that. It is worth mentioning that cash flow doesn't increase in a straight line as I know some people were disappointed in the cash position at the end of last quarter.