Member Info for Balanced66

Hi

I have a few miners so always interested in looking for new situations. This was in the results. An interview is mentioned in the posts below but the results announcement clearly refers to funding.

"Going concern

The interim condensed consolidated financial statements have been prepared on a going concern basis. The Group's assets are not currently generating substantial revenues and therefore an operating loss has been reported. An operating loss is expected in the 12 months subsequent to the date of these financial statements. As a result the Group will need to raise funding to provide additional working capital within the next 12 months. The ability of the Group to meet its projected expenditure is dependent on these further equity injections and / or the raising of cash through bank loans or other debt instruments. These conditions necessarily indicate that a material uncertainty exists that may cast significant doubt over the Group's ability to continue as a going concern and therefore their ability to realise their assets and discharge their liabilities in the normal course of business. Whilst acknowledging this material uncertainty, the directors remain confident of raising finance and therefore, the directors consider it appropriate to prepare the interim condensed consolidated financial statements on a going concern basis. The interim condensed consolidated financial statements do not include the adjustments that would result if the Group were unable to continue as a going concern."

Hi Acuere

Stomach churning stuff to lose all the profit on a stock. It's happening on a lot of stocks across the board at the moment and it's a tough investment environment.

I'm not clear why they only sold 25% as Exai looked overvalued in the $20s. I did read that there was a 6 month lock in or something for pre IPO investors and maybe Fipp only got permission to sell 25% earlier than the lock in period?

If there were no restrictions then it could have sold 50-75% or just retained a small stake. It's an early stage investor so doesn't make sense holding on to such big stakes.

Exai is also at early clinical stage with its drug and partnership programs and will at some stage require more funding hopefully not diluting us greatly.

Yes looking forward to news regarding progress on the investments.

As a new groundbreaking product it has sales already and the comments from the Dr are a great endorsement and validation for the tech:

Dr Steve Mamus, a nationally recognized oncologist serving as Medical Director of Oncology / Hematology and founder of the Cancer Center of Sarasota (FL, USA) commented "EpiSwitch CiRT has demonstrated that it can stratify patients in either a high or low response likelihood category with high accuracy. This promises to add real value - both supporting our decision on whether ICI [immune checkpoint inhibitor] therapy is appropriate for a patient and giving us a rational approach to stopping and/or restarting therapy at the right time. We need tools such as EpiSwitch CiRT to provide evidence supporting whether persevering after an irAE (adverse events related to toxicities) is the right call for an individual patient." Read more from Dr Mamus here [7].

Normally a volume weighted average over a number of days before share allocation and Prim may not have elected to take all the CLN as shares.

Here's the link.

https://www.reuters.com/business/london-stock-exchange-proposes-special-listings-private-companies-wsj-2022-01-15/

Talking about unquoted investments, agood development for such companies and another alternative to the JP Jenkins market.

https://www.lse.co.uk/rns/CPH2/admission-to-aim-and-first-day-of-dealings-v8qadgdjiwy6vux.html

https://youtu.be/yKeVlfkIgQ4

https://youtu.be/yKeVlfkIgQ4

RMM looks like a great investment and in a safe jurisdiction.

CaneToad

Have to offer you an apology for my earlier posts. I took the CEO on his statements, probably a bit a naive of me to do so. You seemed to have been on the ball with your workings out and/or was not too far out. It's difficult to work out who to listen to on these chat boards but I now see you as an objective poster.

Remember the recent post from the CEO about UOG being the most undervalued share on Aim or something to that effect. It now seems very rampy.

See today's RNS.

Hi HunSen

There's this note today:

https://www.calvinepartners.com/post/diurnal-group-trading-update-ahead-of-r-d-day?utm_campaign=9b044854-773e-42c6-96c5-0354145c5983&utm_source=so&utm_medium=mail&cid=19ac48a6-4478-4665-a825-118f26f77efd

I think people get your"concerns" now and you don't have to keep repeating the same point over and over again CaneToad. No interest in blind ramping - who is doing that here?

What has the share price strength caught you by surprise?

You are trying to distort in my view. UOG has not yet provided guidance because that will be provided in due course. You make it sound like they have said there is no guidance.

You have not answered the queries I posed - why aren't you putting up a fair assessment on the Steppe Cement board - how can you value that company when there is no update or guidance on production. On Steppe you can actually say there is no guidance:

"We are in the period of lowest sales of the year, and the directors do not believe they presently have sufficient visibility on economic matters to make an accurate prediction on demand for 2022."

CaneToad

You're biased and selective in your interpretation on shares that you hold.

You seem fixated with guidance here but when guidance has not been provided on one of your other shares (Steppe Cement) you state that there is nothing to worry about. By the way the update from Steppe Cement is very poor and worrying yet you say it's a "solid update". Why should anyone pay attention to your comments here and those of your friends trying to always find fault with each production update when you are trying to pump up a poor update elsewhere it shows that you are not posting in good faith imo. Huge decrease in exports as well at Steppe Cement. What is there to like there in the update yet you blindly state it's a solid update and nothing worrying. Lol. Not going well for you there is it! Notice you're trying to put a positive spin on one of your other shares as well Atalaya when the company has provided a troubling update this morning regarding increased energy costs. Don't see you highlighting that there but instead posting what appears to be in desperation on the Atalaya board. So shares that you hold you pump up and those that you appear not to you deramp to buy cheaper imo. Others can see the value here and we will be debt free also by October this year - that's around another £6 million in cashflows to the company. Fundamentals are getting better here all the time.

From STCM LSE board:

"CaneToad

Posts: 2,167

Price: 39.50

No Opinion

Trading UpdateToday 08:38
Unless I'm blind or an idiot (I'm definitely not blind), it was a solid update. I can't spot anything worrying, apart from the minor issue of the attempted coup... but it's seemingly had no impact on the company."

TVG mentioned here:

https://www.theguardian.com/business/2021/dec/11/as-covid-mutates-the-vaccine-makers-are-adapting-too

Nothing comes up for Serabi in Coringa - some other news about another company it seems when searching under- "Chapleau licenças suspensas"

https://www.folhadoprogresso.com.br/trf1-suspende-concessao-de-novas-licencas-ou-autorizacoes-a-empresa-chapleau-exploracao-mineral-que-atua-em-novo-progresso/

Some older news from August 2021 comes up about a suspension of licence for 7 days which would have all been resolved by now.

Company only has to RNS if a material impact on revenues I would assume.

There is no current news of any suspensions that I could find.

Great post Mando and I intend to catch up on more of the webcasts and official company information having recently invested here.

All brokers are positive on the stock except for Numis and their intentions have now been exposed so I doubt they have much credibility left here.

It certainly shows the desperation of some here who claim to be investors/looking to invest here and constantly repeating the same information I'd say they are more worried than us for their positions.

Anyone can see this company is now way undervalued and I'm happy to see the company re-invest for growth; that's how the US companies do it and subsequently take over the world. Unfortunately, there is no vision in the UK like the US and many are very short sighted and too often the focus is on profits very early on in a companies growth trajectory. I don't think Amazon could have become what they have if they had been listed in the UK instead of the US - you would have had commentators saying what's your margin....

Seems other companies may have been tarnished by them as well:

"Within 24 hours, a follow-up was sent out alluding to "misrepresentations of some of the commentary made by the team" in relation to companies including, but not restricted to, THG."

What I don't like is that he seems to come out ok or well in profit from those positions that tank or don't perform while those who have bought following his heavy promotion are left holding the stocks with losses.

It's pretty obvious he is making huge returns based on his statements in his videos where he shows something like 9000% or so profit since 2009 or something like that - some mind boggling returns no doubt helped by his YouTube videos.

TWD an IKA were also fairly recent recommendations.