Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Agree with pretty much all of that, Shandy.
I could see the guy scanning through (definitely avoiding the tricky q's like why haven't you bought any with your own money, Greg if it's so excellent and you're so pleased, etc).
Shares in bottom drawer here - luckily I have a decent company in my p/f that rewards its investors with capital growth and a progressive dividend. Something we can only dream about here, sadly.
ATB.
Hi BBN,
No, that reply was for handybrownone as I thought the income could be useful/significant, but wasn't being taken into account in his calculations.
Thanks also for your detailed posts. Very useful information.
I was hoping that the 11.4M from China would arrive sometime before end of '24 but it's not really clear at this stage how much the delay will impact the progress.
Best wishes,
Dave.
My reply was based solely on the cash running out in 2024 comment and nothing else.
All those are actualities not maybes, just when in '24 is the variable for China payment. The Korea/Canada approvals with milestones are set for H2 '23 so anytime.
IMHO we will be banking somewhere in the region of £10M from Norgine as they managed £1.5M previous to all these points and no real effort.
Not sure how you come to the conclusion that none of this matters when it could/ should be about another 25 million dollars arriving in 2024 - key year.
That link refers to 2021/2022 - so is therefore 17 months out of date, albeit not great, it had only just fired up at that point! 6-12 months to 'fully bed in' as we have been told with the US.
GM already stated some time ago that he had spoken with the head of Norgine's commercial sales, and as per US strategy were concentrating on Women's Health which has a very large captive audience. Her keen desire to change strategy was also mentioned. That will certainly increase the t/o from $0! We also have New Zealand to factor in + Germany which was last reported as increasing rapidly. The figures for the UK were put up a few weeks ago and were rising higher month on month as word spreads of a greatly efficient treatment available over cheap, oral iron rubbish.
I also reiterate China/Korea and Canada will produce income under the budget line (currently reporting US Rx only).
Your research comment is baffling therefore as it is you producing outdated information.
I've been here since 2016, and you could say I am fairly 'balls deep' myself !!
Can you point out where they have stated that the cash 'runs out' as all I saw was they have enough funds to get to b/e by end of 2024?
There is also no mention of those 3 bullet points I listed earlier, so we don't actually know if they are factored in. I suggest not.
They also launched in Aus/NZ in July 2021, I believe, so your post seems to be a bit skewed on several levels!
'This growth rate is important as cash runs out in 2024 and they have to do it or do a raise or borrow.'
Have you factored into that statement:-
1) China payment of $11.4M due 2024?
2) Norgine revenue, now including expanded territories?
3) Korea and Canada approvals due 2023 with attached milestones?
Shockingly blatant and blase.
Gets away with it, so never stops plying his 'trade'.
Full order book he kept saying here.
What would happen to any of us if we behaved in this fashion I wonder...
Just some clueless, bored shark swimming around trying to get in lower, so he can exit next week with an extra few %.
Rinse and repeat as Yu has constantly attracted them by being consistent and robust afterwards.
It's just part of life's rich tapestry, shandy!
But I do agree with you 100%, as well.
I can only say that it's in his interests to pull the US off. I think he will do it and benefit massively. But, as a side effect, we will finally get some reward for our long suffering patience also!
Not ideal, but better than where we stand today.
GLA.