Member Info for Balanced66

Dug

You are making the same points in nearly every post! It's just cluttering up the board unless you have something new to add.

This is a company that does have sales. £2m last year. Medical centred companies usually have multiples of at least 5-10 times sales. This is not even valued properly on current revenues for the other businesses which the company is seeking to grow as well.

Also FDA master licence. Not many companies can claim to have that.

Https://www.proactiveinvestors.co.uk/companies/news/1042170/creo-medical-device-used-in-world-first-lung-procedure-1042170.html

This does feel like the MM have artificially brought this down to this level. The deal seems to be a very good one and I expect that the share will get a re-rating in due course.

The rampers were coming out with some extraordinary statements not long ago like this will have many millions in cash and it will be able to pay back a big portion of their debts from cash held...Couldn't have been further from the truth.

Attempts were made to control the discussion here and I suspect many of the same crew were in the Telegram group where some were damn right rude and dismissive of opposing opinions. They now must face the reality.

Well Israel is a so called democracy says a lot about your democratic ideals. If it doesn't want the refugees then UK and West shouldn't have colonised their lands and appropriated their wealth and massacred their people during days of empire and the meddling in their lands and affairs that goes on to this very day and under false pretences to start wars. I guess somethings don't change!

The Palestinian people are a Semitic people and native to the land and didn't immigrate from Europe!

I see those with a Zionist agenda are in force here. An occupying power does not have a right to self defence. That's just ludicrous to suggest that those who have been oppressed for more than 70 years must hold back and allow the continued annexation of their land and slaughter of their people.

Most of the civilised world is against the actions of the Israeli state. People often conflate Judaism and Zionism. They are not the same thing. Israel is not a Jewish state! Many Jewish people including those in Israel are against the genocide being currently perpetrated with US and UK complicity. Miriam Margolyes spoke eloquently about this saying she felt ashamed of Israel and to her it seemed as Hitler had won.

A HOL peer spoke in similar terms a few weeks ago but off course it's hard to find that in a Google search as Google takes down such content and censors criticism of Israel.

I guess we get to see who is on the side of humanity and who is not from this genocide against innocent women and children.

The product seems great. However the financial projections have not been provided such as pricing information, volume of sales, next 5 year sales, margins etc. It's possible that the hospitals coming on board have been receiving free product to date to sample and decide on whether to use on an ongoing basis. That may therefore explain the negligible revenues to date?

However, it's not easy to invest in this without any projections on turnover and margins and the road to profitability.

Funding is the key issue at the moment as it will run out of money soon.

Phase 3 trials are expensive and if they can't partner with someone to fund the trials in exchange for a proportion of the future profits then they might need to shelve the trial until funding can be secured at a future date. The FDA approval process is lengthy and time consuming so possibly looking at 12-24 months from when the phase 3 trial starts. However it has much of the ROW to go after so the commercial and marketing data is essential.

This is just really currently valued on cash. No value really given to each of the separate divisions.

Wanted to add to the last post the following point from the latest company RNS:

The mezzanine debt payment on 25 March 2024 brings the total debt (principal and interest) repaid by the Group since September 2020 to US$171.3 million.

Quite extraordinary and testament to the calibre of the management. You will struggle to find other corporate examples like this.

JWB he's a non executive chairman and does not have the power to do what you claim he will do. The CEO is actually Darren Bowden lol. I know he's at Arcm but he is actually a Director and Executive Chairman so able to make the types of decisions you are referring.

The other big difference is that Arcm is an explorer hence the repeated need for rights issues; that is what they do. How do you expect explorers to survive without fund raisings? We are a producer and not only that one that is profitable and spewing out large amounts of cash. Soon to be debt free. No need for a rights issue. Quite the opposite. Lots of options open such as purchasing other mining assets. See the company's announcements for details of their plans and how they plan to use their cash.

I don't think many are paying attention to your posts. I simply wanted to correct your wrong assertions.

JWB does this on other boards as well. Still time to buy JWB you're not late.

Interesting article.

https://www.kitco.com/news/article/2024-04-01/gold-price-hits-new-record-highs-west-loses-price-setting-powers-frank

I've topped up this morning still crazy good value.

This company is likely to struggle if it cannot bring in the sales. Just when you think the sales are coming in there's an RNS about a delay again which is worrying.

That's great. So still worthwhile investing here.

Regards

Hi

I haven't the time at the moment but will look later hopefully. What is the life of mine currently and the wind down and dismantling costs etc?

Cheers.

This one just keeps sucking in money from investors. Several years later and the tailings are still there and no gold processing.

These lifestyle type companies are just a waste of time. Overpaid BOD and no real returns for investors.

I sold out at a loss a few weeks ago. It was only a small holding for me.

I doubt this outfit will be profitable even if they do start producing gold. That'll surely present another opportunity for another placing at that stage as well.

This will need a lot of funding as the rns suggests. So the initial fundraise will not be the last as set out in the rns.

I can't see the 2 companies mentioned just giving the company funds as someone suggested here. It may well be a dilutive fundraise handing over a bigger chunk of the company to them.

Sales are not happening so does anyone want this tech?