Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Have read the RNS again and before getting too carried away consider the ambiguity.
Paragraph one says" the company plans to apply both intellectual and financial resources". ie putting money in.
Para two " with the company seeking external funding"
Para three " maximise the impact of our intellectual and financial contribution".
So it is not clear who is putting the up the cash for these SPVs.
The RNS looks like it applies to 301.
Who on this board remembers taking GM to task for going on to another project before one was complete without the finance. Val only raised £1.2 m so where is the cash coming from.
It looks to me like they have thrown it out to see if anybody will come to us when I thought with 201 and 401 we were out looking for partners.
Let's see if they can raise to cash for 401 as stated previously and who has what share of Black Cat before moving on.
Or am I being a wet blanket
Are we to assume this RNS is all about 301. It is the only product in preclinical trials. All the others have passed pre clinical and have passed the safety and tolerability tests. If 201 or 401 were to be used in covid trials they have passed preclinical. Or have I missed something
Last year Monecor bought in and sold again within 3 days. Cant see this moving much until anybody is sure what Monecor are doing. If they have bought for an investor then the price could move but as long as the market think they have bought to cover a spread bet then there are 3m shares could be dumped anytime
Max
Thanks for the reply. It explains to me why we never heard from you previously during the troubles. You were trading Val and are not a long term shareholder. Note also that Val do not have 4 compounds going forward. Genice has been given up and Val wil only have a quarter of 401 along with 201 and 301 so two and a quarter compounds going forward
Been puzzled for a while Max. I note you sprang on this bb on 2nd June this year yet you give the impression you have been here for years as a long term holder and a positive shareholder and positive on this bb. If you are the lth you say you are i cannot believe you were able to stay silent during the turmoil of the last couple of years. Or were you someone else during that time. By the way i see ALGW were up 23% yesterday. Best wishes
I donot underestimate how important 401 could be but now that the CEO of Black Cat and Val are one and the same would it not dispel the conflict of interest by reverting 401 to Val and let them organise the trial and retain their 52% interest
Having read the q and a again there does not appear to be any news about the products anytime soon to push the price up. Dr D said the closest was probably 401 but to answer MaxH earlier post we do not have 4 products on the horizon we only have two and a quarter. 201 301 and when Black Cat get round to sorting out 401 Val will be lucky to have 25% left instead of the 52% as at present. Genice is to be given back or sold hence 2 and a quarter products. Imo the warrants will not be exercised before the price is well over 15p as there would be a risk, if the price rose like last time on speculation, that it may come back down again. So its sit and wait time for news knowing no cash is required any time soon