Member Info for bald_eagle

Sorry Bucolic, NDR has pipped you at the post. Mercurial & Nebulous were good but paradisiacal wins the day (mostly because I had to look it up).

Word of the day: Paradisiacal

KDonkey, I 'm not a total idiot (90% perhaps). Of course I know 'the Joker' is ribbing me. He predicts 108p by April 1st...or a £10m pharma deal payment. It is why everything he says is classed as a Fantasy....because everything he says can be taken with a big pich of salt. He is 'the Joker'...he entertains us but nobody takes him seriously...do they?

"When something leaves a bad taste it’s difficult to believe it may taste like honey second time round and I think this is where you’re at."
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NDR, a taste of honey?!

Perhaps I have caught Covid-19 and lost my sense of smell & taste. But honey isn't the lingering sensation I am getting.

I get the sense that 'someone' is desperate for one last attempt at Mount Everest....no matter what the cost. Perhaps they really do have a game changing 'formulation', in which case FUM will be beating potential partners off with a stick & 'the Jokers' £10m downpayment really will be chickenfeed.

Isn't there a saying about 'something too good to be true'.....but FOMO will keep us coming back for more.

Grade is as important as tonnage for gold production.

The gradual drop in grade over the last few years has been a disappointment...hopefully they can reverse this trend with the new equipment & targeted mining.

NDR, everything in life is a possibility....it's all a question of likelihood.

I could win the lottery...but the chance is slim because I hardly ever buy a ticket.

Will FUM deliver on their promises?...I cannot in all honesty say one way or the other. But I will say that I trust them about as far as I could throw them....which isn't very far (limp wrist & all). I probably lost confidence in FUM when the truth came out about MED2005 in the phase 2 trial, that their claims of 'raprid speed of onset' was bunkum (because the placebo also had a rapid speed of onset). All the additional failure & spin has just cemented my opinion...that there is something a bit fishy about FUM...almost dodgy.

Obviously investors will have a different opinion...but that don't change the facts. And I'm here to remind you of them...no matter how painful that may be.

But iyou always have 'the Joker' or Amanda to polish your egos....next year we'll be millionaiires...ooops, sorry Billionaires!!

"...... although the upfront payment is £10 million."
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Awww, come on Joker. You can do better than £10m....surely you meant £100m!!!
I'll put it down to a typo!!
I need a good laugh & 'the Joker' delivers again!!

The aim should be to get to 850,000 tonnes ASAP....this equates to approx. 45,000 Oz (my guesstimate!!).

Anything above that requires significant investment. But 45,000 Oz would be a good foundation & give them options. May also make the current Market Cap seem cheap.

3 years to get to 70,000 tonnes/month of ore doesn't sound that difficult...but what do I know, next to sweet FA.

9 years to reach 100,000 Oz seems an awfully long time.

As an example, in the past they had a plan (Fantasy) to go from 3,200 Oz/month (42,000 tonnes) in March 2017 to 8,300 Oz/month by Dec 2018. Obviously a fantasy but it may suggest a similar timescale to the new plan...albeit they are limited to an ore processing capacity of 850,000 tonnes per year (without expensive modifications).

I also suspect the previous plans were based on much higher grades...I wonder where all the gold has gone?!

Daisan, agreed. All the future plans depend to some extent on how they perform in the immediate future....can they be relied upon to deliver on their promises?!

They would never be expected to self fund the entire '200,000 Oz' plan...but the longer they can self fund development the better IMO. Also having a bit of a cash reserve for emergency expenditure would 'probably' be wise. It is good to have money to throw at a problem...especially when any delay costs lots of lost revenue.

I must be going slightly senile....in the past I remember forecast grades of +3 g/tonne but now they are targetting +2 g/tonne. Ho hum!! That would have turned 60,000 Oz to 40,000 Oz in one stroke of a pen.

Hopefully +2 g/t is achievable!!

I wonder what those people with crystal balls are predicting the September results will contain:

- A deal with a pharma partner is announced for EU with an upfront payment of £2m
- The patent office have indicated that MED3000 patent is 'in the post'
- The FDA have agreed to a very limited 6 month trial....100 patients, postal trial, no placebo required
- The MED3000 mode of action has been verified in the lab by Prof D. Ralph and should lead to strong IP
- EMA have accepted the technical file and no more data is required

OR

- None of the above....even one of the above would be major news IMO.

PS Are crystal balls available on the NHS?....I expect you can get them in Turkey.

Spike, you are the voice of reason. The more people talk about 'big numbers' the more I begin to think it must be possible or they wouldn't be talking about it. But you have brought us back to reality.

I suspect some people are getrting a bit carried away by the proce of gold. But if the gold stuff remains mostly in the ground at Altyn then it 'possibly' has less of an impact on them. Spot price of gold goes up & down....god only knows what it will be in 2-3 years.If they can guarantee it will be $10,000 per oz then that would be 'nice'.

As pointed out...Altyn plans to make steady progress with what they have at the moment...but to become a 'big player' (whatever that is) then serious money will have to be invested a few years down the line. Hopefully they have stored up enough cash in the meantime to achieve that....if they cannot make money at $2000 per oz then they need to pack up & do something else.

It cracks me up £10 per share...giving a market cap of 'only' £2.45 billion. Chickenfeed.

NDR, another well balanced post (IMO). This is becoming a habit. You seem to have a handle of the risks & rewards of FUM.

But I repeat myself quite often that FUM ain't for widpws & orphans. People who say they are betting the farm on FUM are either very brave or not telling the truth. It is really a trading stock....something I am sure is Amanda's game.

It goes up on very little positive news - recent Cannabidiol & QMS updates foe example. Likewise the SP can be knocked by negative news - FDA trial & possible fundraising (TBC).

NDR, I only say what others are 'probably' thinking. When I point out a risk I either don't know the answer or I am seeking input from people with expert knowledge (eg patents). You get maximum kudos from me (for what it is worth) because you have obviously realised there is a risk and done some research to allay your fears (and you share your research too). Most people on here just rubbish my thoughts as unfounded 'negativity'. You aren't one of them....the echo chamber crowd, who just want to listen to Amanda whisper sweat nothings about £10 per share.

Sometimes I am wrong in my risk analysis...and you & others have proven that there may not be a risk at all. So your analysis has de-risked FUM somewhat (IMO). All genuine shareholders should be happy with that and applaud you.

PS word of the day 'Dubiety'...boy you are on a roll.

What would make an 'excellent' Q3?...just out of interest.

There must be lots of ore stockpiled (albeit at a fairly low grade) and of course the 700 Oz of gold carried over from last quarter. Then the new equipment should be helping to target greater mined ore with increased grade. Everything is pointing to a bumper quarter but more importantly are sustainable production increases over next 12 months.

GCCR, you make me blush. Thank you ever so much for your fine compliments. Not often I am called skilful.

But really I'm just a one-eyed man in the land of the blind...so not much skill involved really.

"This points to the fact that it is possible to gain patents for such devices with no active ingredient. Not sure if this will put your mind at rest."
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NDR, I really must applaud you on your effort (yet again).

BTW my 'mind' is not vexed on this issue....I had forgotten all about the subject until you brought it up. Much more 'conerned' about FUM's cash reserves and the nature of the FDA trial. The September results will have to address these in some form. The market doesn't like uncertainty.

Perhaps a rabbit will be pulled from a hat....just like that!!!

"Without an experts appraisal we will not have complete certainty on the matter."
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Agreed. We just have to wait & see what the patent office say.....but 'apparently' it is going 'nicely'!!

"The patent is following the course for grant nicely. The examiner has had plenty of time to notice what BE is afraid of, but hasn't happen. So far, so good"
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Fancy words but utter hogwash I suspect. "The patent is following the course for grant nicely"...what does that mean? They haven't rejected the patent application yet, so it must be doing OK!

Previously FUM would patent a DErmasys formulation that passed the active ingredient through the skin...they had data to back it up (detectable levels in the blood). But with MED3000 there is no active ingredient and the mode of action is as yet an unproven theory. Will this prevent it from getting a patent? I have no idea.

But they cannot compare MED3000 to CSD500, MED2005 or PET500 patents because they all had active ingredients. MED3000 will have to get its patent on different criteria.

Obviously if Professor Ralph were to verify the modus operandi in the lab then that would enhance any patent application and possibly lead to better IP. But perhaps that's just wishful thinking on my part. Until then we have to 'make do' with a theory cooked up by Mr Barder & Ken during a brainstorming session down the Dog & Duck....a 10 pint session on expenses no doubt!!

NDR, I continually point out the truth (because some people suggest otherwise...including FUM themselves).

- Dermasys isn't patented...it is trademarked.
- MED3000 is a base version of Dermasys (used as the placebo in FM57) and that 'formulation' is in the process of patent application...so patent pending.
- FUM don't currently have any scientific backing for their theory on how MED3000 works (or if they do they haven't told us).

I think that is as far as I have gotten with patents. Although I may have said that most of FUM's patents are probably worthless (e.g. CSD500, MED2005 & PET500 patents).

So the MED3000 'formulation' is patent pending.....although I'm still not sure whether it's correct to say that Dermasys is patent pending too.

Is MED3000 the same as 'Dermasys'?