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4 RNS in 4 trading days, ramping lets go

Guidance reduced again. I wonder how much cash there is left after paying for the last deal and funding operating losses the last 3 months?

Story over

Revenue and production keeps falling each quarter....

grimshady, 0300 323 0140

Tell them that you want to speak with someone working on the Early Value Assessment: Genedrive MT-RNR1 ID.
Then you can ask them when the final result will be published. The answer will be at 30th Mar the earliest.

bigAI67, I called NICE. Just pick up the phone and call them.

tkevin, the NICE decision will be announced at earliest on the 30th March, you can check with NICE if you don’t believe me.

BIVDA is an organization funded by Genedrive and similar corps. It’s a lobbyist organisation for GDR and its peers. Its Doris job to write positive things about Genedrive and other BIVDA members.

When they announced the MOU-1 drilling result 6 Jul 2021, the stock fell with 41%. The well was a duster, why are they doing this effort to test an unsuccessful well.

https://investegate.co.uk/predator-o--38-g-hldgs--prd-/rns/mou-1--update/202107060700072425E/

Some PR before raising funding?

Are we fully funded for the MOU-2? Grittiths answer, when need to do a budget before we know......

The call is getting even more comical with Paul Griffiths fantasy thought about possible deal. Lets focus on the mud and lack of funding for now.

This whole thing is very comical analysis of well who has not pentrated the target. Just get to the point who much more money do they need to continue to drill.

From an article covering the event in 2010:
""The stones are roughly valued at about $18 million, according to diamond buyers in London.""

https://www.voanews.com/a/court-orders-return-of-diamonds-seized-by-zimbabwe-mining-minister--84782452/112737.html

They are not yet answering my question on funding, as always not touching the elephant in the room.

When the company raised cash 8th Jun 2022 they wrote the following:

"In the Board's opinion the net proceeds of the Fundraise will, alongside existing cash resources and existing Phase 1 Tendrara Production Concession funding arrangements, be sufficient to continue to advance the Company's projects and meet the Company's present working capital obligations through to April 2023."

Based on this they need more cash before April?

Feels like its a bit of definition of sale to make it look better for 2023.

Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, today announces it has issued and allotted a total of 3,068,421 new ordinary shares of 10 pence each in the Company ("New Ordinary Shares"). The New Ordinary Shares are being issued in settlement of the quarterly principal of £2.75 million and interest repayment of £0.89 million in respect of the Company's unsecured convertible bond, as detailed in Avacta's announcement on 18 October 2022.



After settlement of the quarterly repayment, the principal remaining under the convertible bond will be reduced by £2.75 million to £52.25 million.

Sp28, where is the 177 m shares number coming from?

Furthermore the Afriquia Gaz loan is due by end of 2023, there is no way contract will go for debt financing, when Sound has debt maturing by the end of the year.