Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great news pleased I topped up the last few days!
I am expecting by Friday the Half Year Report with also a Technological Update......this milestone is much too important to miss so I am expecting a positive announcement. This is the first major milestone that has been announced as being on track for the past year and at various AGM's and interviews. GLA
Can anyone explain what the process would for the company potentially to progress in future selling Fortacin OTC?
A little more patience required IMO and very good news seems realistic within a couple of months.
I personally believe that that this is one and the same partner in discussions "The Group is in discussions with a possible marketing and distribution partner to help facilitate the Macau and Hong Kong roll-out." and "Plethora remains in advanced active discussions with a possible commercial partner for the sale of Fortacin™ in the PRC and is in discussions for the other remaining key markets of North America, Latin America and the Asia Pacific regions."
Plus this year further launches in Europe will help accelerate this share...I share the boards enthusiasm and will be buying more. GLA
It does seem highly likely and realistic that the approval in Macau and HK will be a pre requisite of completing the licensing agreement for the PRC.
While this has been a long journey the pieces at least seem to be falling into place and the board do seem "tremendously" excited still by the future prospects:
"With the ongoing commercialisation of Fortacin™ globally in the coming years, our progress with the FDA and ongoing discussions with other possible commercial partners, we remain tremendously excited about the long-term prospects for the Group."
I note in the interim's that a commercial partner for the PRC is much more specific than previously stated in that there does appear to be only ONE partner in advanced negotiations. The PRC is the jewel in the crown IMO and while HK & Macau are very small in their own right I am guessing they could be the key that opens a much larger door...how that will work out I do not know.
"Plethora remains in advanced active discussions with a possible commercial partner for the sale of
Fortacin™ in the PRC and is in discussions for the other remaining key markets of North America,
Latin America and the Asia Pacific regions."
The board seem happy enough....all we want now is more regular news flow and the PRC licensing deal!
"we remain tremendously excited about the long-term prospects for the Group."
"However, preliminary feedback from physicians from Italy,
Germany, Spain, Portugal and France has been very positive about Fortacin™. The initial feedback
from physicians is that Fortacin™ is perceived as something that fills a prescription need and it is a
definite improvement of what is currently available in the market place"
I would be interested how long it took Viagra to ramp up following launch? I also wonder if users in the PRC would be equally embarassed...that licensing deal is going to be the next big milestone IMO
Sales somewhat underwhelming and lower than expected but I guess it is early days:
20,975 canisters sold
"Recordati has informed the Company that the sales of Fortacin™ uptake was lower than expected for the period, with the key issue being the low number of PE patients seeking advice and visiting a specialist
for treatment (with key reasons being given due to the embarrassment and lack of awareness about treatments available for PE)
"For the six months ended 30 June 2018, Plethora made a profit of GBP 2.82 million (or
approximately US$3.88 million) (2017: loss of GBP 1.37 million (or approximately US$1.72
million)), excluding the amortisation cost of an intangible asset, FortacinTM, and the tax credit
in respect of the deferred tax liability."
Really this is a good result!
A loss attributable to shareholders of the Company of US$14.29 million,
which was mainly attributable to: (i) an amortisation charge of US$13.91
million on the intangible asset, being Fortacin
TM
Looks quite encouraging: Seems like breakeven to me!
The Group is pleased to report that it has made significant progress with the Hong Kong
Department of Health - Drug Office and the Macau Government - Health Bureau and has now
acquired a valid import licence to allow for the sale of Fortacin™ in Macau, with the Hong Kong
licence now only subject to public gazetting before its release.
It is quite bazaar, it clearly seems someone is trying to keep very close control over what is written and avoid any information that potentially could unintentionally be accurate or speculative in nature. As I have posted previously it does seem to be compliance monitoring this. If there is any breaking news I guess I could perhaps understand the past deletions and warnings. Lets hope tomorrows results bring more hope for what has been a very long journey.
With all the deleted messages I am more curious than ever and looking forward to the interims this week. Something is clearly making compliance within LSE very nervous. If they are reading this, I hold an FSA control function I have never handled insider information or made misleading statements so I am somewhat concerned by their actions. I would therefore appreciate an email explaining their actions if that is possible.
Can anyone explain why posts are removed when I have never given any information apart from saying that perhaps others may have been speculating too close to the mark
I have had two posts removed...no reason I did not say anything???
Not trying to break up a party but in the meantime try here...https://hotcopper.com.au/threads/regent-pacific-group-ple-vxr.4359252/#.W3LaHi2ZMnM
Could I suggest migrating to a new board? https://hotcopper.com.au/search/322612947/?q=Regent+Pacific&o=relevance&c[title_only]=1&c[visible]=true.
Using current posting ID's? I miss Poms input
Apologies to Jim Mellon for dropping the "n"
I have noted folks were asking what has happened to Jim Mellon, well I have found out he has exited all social media and I do not blame him thinking of it myself. Hopefully the additional time he has saved will be of benefit to the companies he is involved with. This was taken from Master Investor Jim's last piece dated 30th July 2018.
"Getting back to the FANGs, I noted that in the quarter that Facebook just announced, one million people exited its all-embracing arms. I was one of them. I have been talking about the malign effects of social media for some time, so in order to avoid being branded a hypocrite, I have exited social media completely.
And I can tell you it feels great!
Happy Hunting!
Jim Mellon"