Member Info for BodRuncie

It seems more like a typo or proof-reading error than anything that "beggars belief", but maybe your belief system is different to mine...

Apart from being on AIM, those companies have little in common with APTA.

I've invested (gambled) in plenty of companies like that, including POLX, but they are nothing like APTA.

Though I am keen to hear more from you if you think there are actual similarities?

Yet another RNS from APTA, announcing yet another deal, with licencing revenue and manufacturing revenue too.

No £££ were announced, so no large upfront payments, but it's yet another revenue stream for APTA. Take a look through their RNS releases from 2025, it's crazy how many of these there are. Some will be huge, others will be smaller, but add them all up and it shows APTA is not only my best performing share of 2025, but will likely also be my best performing share of 2026.

I'd say the odds are greater than 50% that APTA will never need to raise working capital again. Forget about calculating the cash runway now, APTA are on the verge of the transformational step of becoming profitable.

And for a £23m marketcap? This is an absurd disconnect between the risk/reward profile and the share price.

My only worry is that APTA will get bought out before it gets a chance to fully realise its potential for me as an investor.

I see what you did there :)

Oh dear, if you think Zeus are deliberately meddling here to pick up a handful of PIs sales, based on me pointing out that 3 posters on here were wrong to assert that ARV had a 90k net spend, then you are delusional!

I wouldn't make assumptions based on other investors. Most investors are wrong.

The Govt grant doesn't count towards ARV's minimum spending commitments.

*offshore!?

Lol. "off those"

Okay, dollars, but where does the 90k come from?

250k minimum if it's a bust, or 400k if successful.

Something doesn't seem right based offshore numbers alone. Maybe DUKE got a discounted deal, so the £500k gets them to a majority stake holder, but doesn't mean 1/4 of the business is worth £500k?

Or maybe the company is so desperate for cash they have to accept DUKE'S deal?

13.5% yield is pretty sweet though.

@Bonker , how do you get net £90k?

It's a minimum of £400k cash outlay from ARV.

An awful response this morning to the TU.

The headline numbers look great, but the number of times SNX remind the market that FY25 includes a massive one-off deal (which is to be commended of them, that they aren't trying to massage the details), puts a dampener on the whole thing.

They aren't overly bullish about the short-term either. The long-term sounds like it has potential, but that is why there is such a sell-off this morning. PIs bailing out over the opportunity cost of holding a low-yield long-term growth story.

Most likely, these prices will represent a good point for buying, if you don't mind holding for a few years.

I'd agree with all that.

Impatient investors looking for a constant news stream to get the share price back to ATHs are going to be disappointed.

But the company's numbers are improving, and eventually (medium to long term), they will start showing up in places like stocks screens, and will appear on the radar of, for example, Stockopedia.

The PSA device concentrates the helium. No helium is currently being "lost", it's just that the helium that comes out of the ground is at 5% conc. The PSA concentrates it to 75% and that is shipped off instead of the 5% mix.

Obviously the 75% mix is more valuable than the 5% mix, but the cost efficiencies are where the £££ are. No need to pay for storing a ton of 5% helium gas, when you only need to store 1/15th the volume. And no need to pay for haulage of 15 tankers of 5% helium when 1 will do.

The business decision comes into when calculating whether the cost efficiencies are greater than buying a PSA. And, certainly in this case, they are.

Helium can be concentrated to any % really. 95%, 99%, 99.9%. Just depends on how much you're willing to pay to concentrate it, and how much the offtaker is willing to pay for it.

It's a good interview and I'm glad PJN is on our team.

But he's the kind of engineer who is good for the company, not impatient shareholders!

@Smartinvestment

I'd be interested in watching that interview, i don't recall seeing one with him before.

Is it this one?

https://www.deeptechleaders.com/lab-to-market-leadership-podcast/scaling-chemical-startups

Now *that* is a confident chair!

I like the board, their track record, their expertise, their connections, I like the area they're in, I like their "picks & shovels" approach to the rapidly growing AI market.

Successful investors often say that they back the board rather than the business. I think this is one of those cases. Sit back and let them do their thing :)

Definitely a cushy deal for the HNWI, they get 10m warrants just for offering the CLN, whether it's drawn or not.

But as you said, Trek, it anchors us to a floor of 3p, which means there is minimal downside for anyone getting in at these prices.

I agree that the bod seem confident from the meeting. We'll have to see how the disposals proceed, but they didn't give the impression it would be a problem.

The Report states that they haven't breached their covenants:

"Whilst the Company remains fully compliant with its banking covenants, the Board's focus remains on reducing the level of the Company's RCF through successful disposals in the short term."