Member Info for Bridgedogg1

Yes immaterial, but our best guide to what the value might be in absence of any other information. And no, it doesn't depend on whether on not it is making money, it depends on the potential to make money in the future.

We spent £31m outright plus £16m business performance payments. We already had our own small Avacta Diagnostics division. How much have pharma M&A valuations increase in the last year?! Should be worth £50m+. I’m not saying we would sell it, just that it has material value and we get very little news about it.

Our Diagnostics purchases are probably worth around 20p in the current share price yet given no weight at all. Maybe we should just sell it off and focus on therapeutics.

Yep.

We are still one of the largest acreage holders in the Walvis basin.

Https://www.reuters.com/business/energy/namibias-namcor-signs-deal-with-chevron-develop-offshore-block-2024-04-29/

"Diagnostics - Significant progress towards establishing a fully integrated in vitro diagnostics business with first transformational acquisition"

I wonder what happened to that? - after our acquisitions it all went quiet

Probably the seller trying to keep the price up for their big sells

When will SDX be done with this rig?

This should cut through the 50s fairly sharply

The ongoing churn was inevitable but I did think there would be more buying to support the share price. Once this moves into the blue it should rocket but we may have to wait until Wednesday / Thursday IMO

"They have not said anything significantly alarming"

$200m equity refinancing for a $100m company = 80% reduction in value for current shareholders.

The question is whether its enough. Package is $300m, should release £200m, we will still have the debt, its gives a group of bond holders most of the company, they will want all of it I suspect.

$200m additional puts the share price at around 5p. I'll be buying whatever I can when it comes out of suspension.

This board is more about point scoring with people you never met that it is about oil wells in Alaska..

Waiting for a big RNS or two to land here. Largest potential of any small cap O&G on aim and well under priced on the exisiting farm our alone, let alone the others that are coming.

"in discussions with 9 IOCs"

I see 54 posts on a Sunday and think there must be something new out there. Quick check and nothing. Quick read of this board and nothing.

As I'm here - should be a good week ahead. Good luck all holders, this should be the start of the recovery from the placing. Shares have been worked through and we have the funding we need. Management have signaled a strategy, now we just sit back and watch.

Based on the current production has anyone been able to work out when the gold hedge will be met and we switch to market prices?

Shares have already been flipped from 43p to 59p. Should move up to 60p fairly quickly if the results are positive. That will form the new base. Something a bit extra and no telling what this could do.

Worth considering that the placing was marketed in the US (hence the 40 blackout period). I would absolutely love to see mention of a US listing. Pave the way for much higher valuations seen over 10x UK.

‘A number of high quality institutional investors’

I wonder if anything is happening with AffyXell, we have 25% now.

I think the key point is funding sorted. Takes time to work through the extra shares.

The latest fundraise has shown how poor the UK markets are now, we need a US listing asap.

Middle to end of next week and we can start to rerate.

Its seems to me that they have simply tried to ramp up capacity too quickly, rather than doing gradually with step changes in revenues. The assumption that it would all be completed without a hitch was naive at best, and the lack of any kind of margin for financial pressures was poor planning and strategy. Not really sure what they can do from here other than raise the monies as at ridiculously low share price and push ahead. In which case changes at the top would just be disruptive for the time being. IMO