Member Info for chester18

Although we don't know exactly how many of the recent warrants were converted to cash can we presume that there is the possibility that GGP just got between £1 and £3m into the coffers.

Added to what ever money they already had in the bank would that give GGP enough cash to drill Scallywag and get the cores they would need without any need to involve Newcrest?

Chester.

That's why in my earlier post I said I'm excited by the prospects of this rushed MRE still being around 8 - 10 million ounces. That would be a fantastic outcome for NC, GGP and us PI's.

Chester.

Are we not confusing the difference between :

A) Newcrest announcing a 'Maiden Resource Estimate' to enable the release of funds to start the work of the Decline and the Design Plan of the initial mine.

B) The values associated with the 5% that must be bought at a fair market value and the value of GGPs residual 25%.

NC can issue an MRE without having to offer GGP any terms on either the 5% or the 25%.
GH and the board of GGP will probably want to know a defined approximation of the size of the whole Havieron ore resource before they will do a deal.

We may find we have to wait 6 or 12 months extra to be told what the actual gold reserve is and that's when a deal can be done.

Under these circumstances the MRE is more critical for Newcrest than for Greatland Gold because it releases internal funds.
I'm excited by the prospect of that rushed MRE still being 8 to 10 million ounces.

Chester.

Hi B2HS2L

I don't profess to know exactly what is going to happen regarding the financial needs of TRX but I do hope I'm nearer the mark than your vision of a last minute marriage.

I've followed this company for quite a while and the BOD have never struck me as amauters. The fact that they did a deal with MidCap way back last year and set out how they were going to bridge the cash shortfall as they moved ever closer to a breakeven turnover. It all seemed pretty professional to a small time investor like myself.

Why the income forecast began to slide I don't know exactly, I presume from what we have gleaned after the event, that customer pressure to produce more of one product than another skewed the manufacturing output to favour a more difficult and time consuming mix, (plausable).

It's the joy of business, projecting sales figures, budgeting for increased productivity, forecasting which way the wind will blow, sometimes through no fault or lack of diligence by the management things don't go as planned.
'Vision and Reality'.

So MidCap asked them to re-budget and recapitalize the business. We don't know if that felt to be overkill by the BOD or not but the funding is still on the table from MidCap as far as we know.

Let's hope I'm right and there is an RNS at some point next week.

Chester.

Thanks Old Bee,

It's my view that 0.8p a share is an outstanding price for the assets owned by Tissue Regenix. If I had spare funds or could sell another share for any kind of profit I would be buying a few more without a doubt.

I think there is a very good case for seeing an RNS from the company next week. It's not a good time with all the panic selling but a solid "we've got the funding sorted" announcement would bring a plethora of buyer to TRX.

Hold or Stock Up......

Chester.

Yep been here quite a while also, but not with blind loyalty which happens when you put alot of cash into a share. At one point my average was 15.2p and even though I've bought quite a few more shares I still need around 5p to get back what I've put in.

My first buys were in the area of 18p and later at 22p, that was before the large placing to buy CellRight, but even then with such a fantastic asset I was still comfortable.

Tissue Regenix have been a victim of their own success. The products are world beaters but technically difficult to produce. Which is good because if it was easy anybody could do it.

So TRX's future is all about scale, once they have built the manufacturing platforms the revenues could be huge. I am talking about in five years time.

So again it's worth pointing out that once the financial or should we say working capital is sorted the company will grow and grow.

All in my own opinion from the research and understanding I've gathered over time.

Chester.

Hi Sandhopper

Yes I've noticed that problem across the LSE platform. If you would like to see the later trades you can go to
The London Stock Exchange site and put in TRX :
www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B5SGVL29GBGBXASQ1.html

You can choose to view the last 10 or 20 trades.

Hope that helps while the problem persists.

Chester.

Thank you Crumbs,

This is the Scancell board that I have enjoyed in the past. Fantastic finds where Scancells tendrils are quietly at work. Scancells depth of science collusion really is like the skins on an onion, you can keep peeling back the layers to more and more collaborations and amazing developments.

This is a very pivotal year and now that the FDA have finally approved Ichors Trigrid 2 we are only months away from SCIB 1 combo trial. When the Modi 1 trial also gets the nod that will also be a big day.

So much forward momentum can happen this year, I know it's been a long wait but this companys science starts to make the headlines because of positive data it will have been well worth waiting for.

Chester.

At this moment in time the only thing we don't know about Tissue Regenix is where the much needed capital is coming from.

If you believe that the company will agree some kind of finance with MidCap or A.N.Other then it's a stone cold buy.

If you are concerned and think they are going to turn the lights off in May, then cash out and research until you find a better more secure company to invest in.

I'm a glass half full TRX investor and view the current price as an unbelievable bargain. Once the finance is sorted the road ahead is fully mapped out, combinating in a share price back above 20p. That might take 18 months but it will happen.

Chester.

Hi Stu,

A lot of PI's running for cover, mainly scared that they will lose the lot, which is a common human response to uncertainty. Most will sit on their cash itching to get back in so they don't miss out on the uplift from positive news.

Given the time left to the end of April before the cash in the bank runs out I'm expecting an RNS tomorrow or if not the early part of next week. They can't really wait until mid March or beginning of April so in a sensible world they need to sign on the dotted line and announced the agreed finance deal.

Just my opinion but the business facts are there for anyone to see.

Chester.

I watched the video last night so my thanks for putting it on the board.
It was an excellent presentation and to be honest it has taken a hell of a lot of lab time to bring about these amazing stem cell results.
That last question got me thinking about how the future will pan out and basing these thoughts on how other groundbreaking science has progressed this is my take.
The RP programme will progress to encompass early stage suffers, halting the major decline in vision, in essence shoring up the patients own rods and cones. So in ten years it may end up being partially therapeutic.

Interesting point of view but very plausible.

Chester.

Morning Prospero

What if all that doesn't matter to Rene because they already know who wants to do a deal. That data from yesterday is solid deal making stuff. Huge market potential and Rene can't go to market on their own, if fact it's the companys policy to develop platforms and partner the science.

News can't be far away plus there is the Fosun deal that has milestone payments.

Cheer up this is just beginning.

Chester.

I think he did mention 'Grades, nothing seen like before in the region'.
There is a lot of very rich ore zones down there which is where they will head first.

I'm not knocking your enthusiasm but I think currently we are much safer at 12 / 15 million ounces.
Still an amazing result .............

Chester.

At some point a patient will have had both eyes done. Will we see even more benefit and even more letter improvements.

The current results are still only baby steps compared to where Reneuron will be in 5 to 10 years. Pension pot investment without a doubt.

Chester.

The market is unable to react due to all the current concerns but today's RNS is absolutely massive.

We all discussed what it might be like to be offered not only to halt the progression of RP but to actually turn back the clock and let you regain some of your lost vision. At the time back in April / May last year questions were asks on this board about the longevity of the initial results and what if after several months the improvements start to decline, well they haven't so this procedure is going to be a worldwide success.

You can tell from the fact that they now intend opening up the Phase 2a Trial that they already have new targets for the treatment. Deals will happen just a matter of time.

Chester.

If February comes to an end without any news on finance the potential for that news increases daily.

The company has stated that there is enough cash in the bank to operate normally until the end of April so an announcement about funding, in my opinion, has to happen relatively soon.

My guess would be that we hear this week and if not by the end of next week.

Once that's announced the road ahead will be clear and the SP should start to rise.

Chester.

Topped up three times today and manage a cheeky 170k at 4.06p so glad I had the b#$$s to buy. But saying that the gold ain't goin anywhere and Newcrest want it bad.....

Chester.

The gold is going nowhere .........................

Chester.

If a big chunk of the warrants have been sold GGP could have between £1m to £3m cash in the bank.

GH and co are probably seeing what's going to be available to spend, then they have to decide which prospect gets the nod. We are not privy to the behind doors conversations with Newcrest so when they do announce the seasons drilling we can then read between the lines ...... this is such an exciting share to be in, both watching the SP grow and using our combined intellect to suss out what is not being said. Great fun...

Chester.

Glad your back CB

Putting some correct perspective against all the waffle and noise. I'm intrigued to know how they will go about choosing a location to start a decline.
Do you know if there are any good rules or practices they should follow?

Cheers

Chester.