Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Their mistake was heading the RNS “Trading Update” when clearly it is a more limited, albeit positive, update on pilots etc. my guess is that they want to complete H1 before giving a more general update. Personally, I am guessing that the interims, when they come out, will be pretty positive and whilst it might have been nice to have more info sooner, I can wait.
I enjoyed watching that and found it very reassuring. If I get the opportunity to raise funds elsewhere I will
be inclined to top up. Two big catalysts for SP growth on the near term horizon as stated. A sale or other corporate transaction, hopefully in the next few months and/or the ending of the overhang from warrants following exercise or expiry in July. It really seems a no brainer. Personally I am content with knowing that the value realised will be great and will leave the speculation as to how great to others. GLA
This is a very good sign in my opinion. This guy looks very well connected and should be a great help in opening doors in various jurisdictions, Governments, and businesses/potential customers. All in my opinion but google him and form your own view.
The merit of this is the fact that after a pilot programme of over a year and a half Involving the Customs authorities, and several competitors, T42 were selected. Shows how well we stack up against competitors and under intense scrutiny. Should help promote wider adoption and further orders.
Finally
Well, in the video linked to the Q1 update, when referring to bringing in additional excavators, the COO said “This has occurred and is contributing to the increased mining volumes”. So I got the impression that this was no longer an ongoing issue. However many they have, it seems to have done the trick, with a record tonnage of ore mined during Q1.
It’s all in the Q1 update and associated video. Primarily:
1) planned maintenance to plant complete (effect of maintenance shown in low volume processed for the quarter);
2) all 5 new excavators finally on site and up and running (demonstrated by the record volumes mined in the quarter;
3) the combination of the above resulting in a lot of stockpiled ore sitting there waiting to be processed with the cost of mining it already accounted for in the Q1 AISC;
4) new oxides being mined in SW to blend with stockpiled ore for processing;
all of which persuades me that Q2 should be much better and maintaining guidance for the year’s production is realistic.
On top of that plenty of news due soon. However, don’t take my word for it. Please DYOR etc.
“They are losing money”
With respect, that is not so. They were losing money in Q1. All the evidence is that they are now back in shape and should be making money again. Personally, whilst I would rather not have seen the sp drop (as I am fully loaded and don’t want to average down more) I am more interested in the now and the future than the past couple of quarters.