Alistair will surely have known how far along they were (or were not) when he sold those shares . It’s really bad on reflection and should be investigated .
At least Al got out a chunk at 187 whilst maintaining the smoke and mirrors act re: Covid opportunity.
Clearly no need for any further tests ? Shame Avacta missed the boat.
https://murrayuniforms.prod.kulea.marketing/emails/Newsletter-template-3-18-05-2020-10-34-duplicate-19-05-2020-095651-duplicate-24-09-2020-123853-duplicate-28-10-2020-094411-duplicate-3-11-2020-142122-duplicate-5-01-2021-130243-duplicate-14-01-2021-121433?track=2c1f2ba1-b5d8-4460-9f6b-a8c255e01dda
It’s so refreshing to see a BoD and major shareholder actually aligned with all long term shareholders . I guess at 6.6p we could have had a cash injection if Talaxis exercised all of their warrants, but the company really doesn’t need it. They have protected their investment instead and provided stability. Very welcome .
I always said 25p sell a quarter . After 5 long years, it’s nice to see us homing in on it !
I post for record keeping , thus check my entry post back in March . When it was 16p . You never sell on the top but some here seem to have bought then . Enjoy 80p . It’s coming in 4 weeks.
Sold my final holding from the original 16p purchase back in March . With the new, cheap and easy to distribute vaccine now approved, Avacta really have missed the boat . Wish I had got fully out when Alistair dropped a chunk near the peak but made a very good 7/8 bag on this .
Worthy of an RNS surely .
Merry Christmas all .
20p ? Fair value on the Talaxis deal was 26p . The M&I resources have increased by 60% since then and the global market for supply of REE is going to get very “interesting”. I wouldn’t be voting through anything south of 50p and I would imagine most would have similar thoughts, surely ?
I’m not . I just added that I still hold some , for context . I.e. I am not un in invested troll. Just a critical investor .
Oh bore off. 1 post, new account , telling everyone in this community what they can and can’t do . AIM is all about speculation, duh . You make money by trying to guess what happens next .
AVCT have spun a right tale here , no timelines, no updates, no product . People are starting to agree with my view I have held for months now . You can see them slowly selling . I am still in two minds whether to leave the free carry in here ( because why not) or just sell all . But.. that’s my business and my call .
I didn't realise we had the tech for fuel consumption monitoring too?
Nothing, unless you bought them in an equity raise.
because it is still about 5 times my original investment so i would rather not watch it tank ?
i also said it may be the stock of the year, back at 16p - which almost came true, and has already 12 bagged. If you are sitting at a loss on the stock of the year, i would ask yourself some difficult questions.
i did , back when it was in the teens and good value, also after the Covid announcements (that they have clearly failed to deliver on).
Been here since 16p and taken out stake and one bag at £1.50 (20%) of holding . I am still holding the rest, (the placing was a genius move) however have been critical of the BoDs timelines and inability to get a product to market or update us on when this will be . Avacta missed the boat with Zika and they are sadly doing the same with Covid . We could have sold a billion tests, if we had a product in the past few months . We don’t . First time I have genuinely been considering selling the rest today . Sad times, but you have to say the £300m valuation is pretty silly with no sales and no timeline to market . Each to their own - I came here for the cancer treatments, but their performance on the Covid tests had been terrible . If you are sitting on a loss - you should really question if you should be investing . Why would you buy after a 10 bag??
"it's a big hill full of resources, so we don't have to mine it, we can just take the hill down". :-)
i know it is boring, but we appear to have some new investors so useful reading.
- There is an MOU in place for mine funding, which clearly references Songwe (Ref A).
- MKA measured and indicated resources are 20x larger than RBW at 21mt - TREO of 1.4% (Ref B).
- BoD / Partners hold 31% (Ref C) .
- There is going to be a supply squeeze on REE - (Ref D).
- Songwe will be easy to mine. Dr Scott Swinden (Senior Consultant Geologist) (Ref E) - listen from 1 minute.
(Ref A) - https://www.noblegroupholdings.com/wp-content/uploads/2019/12/FINAL-Talaxis-Chinalco-MoU-announcement-Mon-09122019.pdf
(Ref B) - https://twitter.com/flatracingmodel/status/1138009949756383232/photo/1
(Ref C) - https://www.mkango.ca/investors/aim-rule-26/
(Ref D) - https://roskill.com/market-report/rare-earths/
(Ref E) - Youtube - search "Mkango Resources PLC advancing Songwe Hill project in Malawi".