Member Info for Dibs61

Yes and it is easy to see why, under the new strategy, there will not be an equity raise. They reiterated a cash runway to Q2 2023 based on cash circa £17m @ Sept 2021. A rough calculation equals an approx cash burn therefore of £1m pm. That sounds reasonable to me. The spend will be reduced from last year.

Based on the above the current MC £18m includes approx £14m cash so current assets and IP only valued at barely £4m by the market.

That seems very undervalued to me.

They really believe there is substantial value to be created from exosomes. I have fed back to Investor Meet that they should demonstrate that belief by now buying shares on the open market.

mpd - ‘grades of 2gt at shallow depths over a wide area’

No that’s nothing to get excited about lol…..

I mean it is what it is lol

Let’s see what they’ve got to say.

Truss is very ambitious and is setting herself up as the new Thatcher, the new Iron Lady. She even got the haircut a few weeks ago.

Anyway back to business and some slightly puzzling SP action past day or two. MM’s don’t seem to be sure how to play it.

researcher1 did you pick up your ‘bonus’ stock yesterday?

Ah I see why I couldn't find it on the usual channels - it's a Reach RNS so non regulatory.

Here it is for anyone interested and yes I agree it looks encouraging.

https://conduitycapital.co.uk/wp-content/uploads/2022/01/24012022-Update-regarding-the-proposed-reverse-takeover-of-Smarttech247.pdf

I can't find this RNS could you post a link please?

Putin has already scored a victory. He does not need to invade Ukraine and he does not want to invade Ukraine. This is muscle flexing showing the world Russia is still a world power.

As regards the Fed. Oh yeah sure SteveJones sure they are going to increase their already mammoth debt burden by raising the interest rate on it! You can do all the 'hawkish' you like but its just jaw jaw. Let me ask you if you had a big debt and you could increase the interest rate you pay on it would you?

Mumbo - no not mainly PLC costs. If you check out the Placing RNS last June it sets out their expenditure plans :)

c/f from below i tapped reply by mistake!

£40m cash reduce by say £8m so they probably have at least £32m cash in the bank still.

So, to answer your question. No they absolutely are not short of cash!

robizm1001 - AGL had cash/cash equiv of circa £21m @ end June 2021. Add to that the proceeds of £19m from last Junes placing makes a grand total of £40m cash as at, say, July last year. Not even ANGLE burns £40m cash in seven months!!

Angle are burning cash (going on last years numbers at around about £1m a month so you can reduce that £40m cash I q

I don’t agree on a suggestion of a large longer term seller. Volume has largely been low. Had there been a significant seller we would’ve seen a holdings RNS by now so that’s not the reason. I do agree though with the suggestion that it will likely continue to drift now until we get a significant announcement. But for me news could drop anytime so if you want to be in for that news …..

I have a strong suspicion (re management) that it’s all about the lifestyle up there in that quiet little backwater. It’s a beautiful part of the world to live and bring up your family if you have one. I don’t know how they went about the decision process of appointing’Jag’. I wonder if there even WAS a process? Maybe it was a matter of who puts their hand up? But clearly there was no strategy. No hard thinking. No consideration of creating ANY value for shareholders. Just how can we sustain this little gravy train for ourselves a little bit longer.

Why would the FED raise interest rates thereby increasing the interest they have to pay on their gigantic multi trillion dollar debt? Does seem a little bonkers don't you think?

Action not words. Hawkish blah blah blah.....One wonders when the market will finally see that actions and words are not married up when it comes to the Fed and interest rates.

I think some investor fatigue has now set in. A few have just got tired of waiting and thrown in the towel. And there are a lot of investors sitting on healthy profits at this level I might add. It is certainly trying ones patience but patience it must be.

Surely not long to go now!!!!

Nuclear war!?

pipedreamer - with all due respect that’s a pointless question because nobody knows. Nobody. Just pluck a number out the air. This market is not running on fundamentals it’s running on sentiment. The one thing I can say is that the market when greedy or fearful normally overshoots to the upside or the downside.

Sentiment, as always has taken over here. It seems that investors never learn. The time to buy is when prices are LOW. Like now! But no, you will see numerous posts and comments espousing caution, keep money in cash, it will go lower, Russia will invade and the bottom will collapse etc etc etc. So most will miss out on this opportunity.

My view on Russia FWIW. Putin will NOT invade Ukraine. He doesn’t want to invade Ukraine. This is a muscle flexing show of strength. But the Yankee boys want it. Boy do they want it! Putin does want to influence Ukraine and keep it under their sphere of influence. But there is a whole host of ways he can do it which doesn’t involve Tanks rolling into Kyiv. He has already got a victory of sorts by grabbing the Wests attention and seeing Russias ‘power’. We should also bear in mind that a war in Ukraine is unlikely to be popular in his own country apart from the minority of zealots. Lots of people in Russia have friends and/or family in Ukraine.

The falling SP is linked to two factors here. I would say roughly 67% Ukraine and 33% Gold price.

No invasion and a jaw jaw outcome plus a recovering gold price when FED does not deliver on its own jaw jaw on interest rates means this is going to recover substantially over next few months or even weeks.

Finally, POLY is a very well run company and sells much of the gold it produces to its own domestic market and China. So I can’t see sanctions having much effect (which would only be allied if they invade anyway) Oh and don’t forget the impressive dividend yield here.

So I’m pretty bullish here. Even if no one else is!

If you had 9 trillion dollars worth of debt on your BS would you impose higher interest rates on yourself when trying to service that debt?

The idea that you would raise the rate of interest on that debt burden…..now THATS bonkers!

It’s all talk blah blah by the FED. They CAN’T raise interest rates.

researcher1 - only 90% of your bonus? Have you turned bearish? :D