Member Info for DRB83

Not particularly thrilled that BIll slipped in the 18-24 month comment for shovel ready. Anyone else notice. Was hoping for 12 months

Delaying orders is smart? Not sure about that. We have 6 months I believe to submit our FY21 accounts so this dispute could go on until June and we would still be able to include the resolution in our FY21 accounts. I expect us to be around £105m revenue for FY21 exc DHSC. Let's see

Priority no.1 is business, capitalising on the opportunities that lie before them, staying ahead of the curve in terms of competition.

Updating shareholders is towards the very bottom of the priority list. They will provide what is legally required. Other then that we have to wait.

They don't need PI's, they don't need cash which means they don't need II's so they just don't need the market. They don't need to big up ncyt to the markets, actually probably happy just staying under the radar, sat in a dark corner somewhere not making a noise. However, the business market is something very different, here they want to be high profile (show events, large sales teams, distributor agreements for marketing). This is where ncyt want to be making waves.

Once the dispute is settled and we get II's on board, ncyt will be under more pressure to provide regular updates. Until then, we are but mere mortals in this market. All imo

Let's face it, if it weren't for the dispute these games (if that's what they are) would not be taking place. No dispute, no games. Hopefully it gets resolved in the 2021 accounts

Should I be laughing

More of the later in 2021. I feel it in my bones that 2022 will be the opposite.

I won't be Woody. Expecting a drop to 330 before ending 15% up. That is my finger in the air approach for tomorrow.

With all do respect to PI's, we mean sheeat to the bod. They don't need cash, they don't need II's, they don't need anything from the market. Wait until the dispute is resolved and they need cash to make a mega M&A then you'll see some proper Comms.

Patience Oriens, it's not always easy but news will come when it's ready. If you're confident in the company's potential then all that is required here is patience.

Who in their right mind are selling an oversold, under valued, cash rich, profit making, solid diagnostics company in the middle of the biggest pandemic seen in over 100 years. Traders must be well gone by now. Shorters at these prices are 100% gamblers and need to zot straight back to the strip for their fun.

Nothing sad about it. These gap thingmijigs are one of the umpteen wonders of the universe. Whenever one of my shares gap up I think to myself, oh dear, I'll be seeing you again. Absolutely no sense to it.

I have learnt one thing today. My mind is way too logocal for AIM.

No Woody, we've made it this close so would rather just close the gap now and then crack on.

Ken knows his gaps

Well, I laughed when someone suggested the gap down 330 would close. Thought to myself, not every gap closes. Well it's not closed yet and fully expecting it to now. Let's hope it's a sharp sudden drop in the morning before bouncing hard back into the 4's followed by a meaty RNS in Friday morning shooting us up back above £5. It will be like today never happened.

Time will tell

SNPsig RNS this week?

We're at the end of the 2nd year. That's more than enough to support that claim.

Thanks for reminding me Deanok. Thought it would be worth posting the transaction terms. What's taking so long then?

Transaction Terms



Alien currently has a 51% direct interest in the Project, with the remaining 49% held by Windfield. The Project consists of exploration licence EL47/3953 Brockman and EL47/3954 Han**** licences in the Pilbara region of Western Australia. Pursuant to the SSA with Windfield, Alien will acquire an 80% interest in Windfield, thereby bringing Alien's direct and indirect holding in the Project to 90.2%. Alien has agreed to acquire Windfield on the basis that its sole asset will be the interest in the Project and on a nil net cash basis



1. The Upfront Consideration payable for the transaction is set out below subject to satisfaction of the conditions precedent including Alien conducting legal, financial and operational due diligence on Windfield and being satisfied, in its discretion, with the outcome of that due diligence:

a. £60,000 cash (less any Set Off Amounts);

b. 200,000,000 UFO shares issued at a deemed price of 1.1 pence each ("Deemed Issue Price"); and

c. 50,000,000 share purchase warrants, exercisable at 1.65p to the Deemed Issue Price payable to the advisers to the transaction.

2. Following completion, Alien will appoint 2 directors to the board of Windfield and will be responsible for day-to-day management.

3. Alien will free-carry the shareholder in Windfield (effectively a free carry of 9.8%) until completion of a Bankable Feasibility Study on either the Brockman or Han**** Ranges projects.

4. If, within 24 months of executing the SSA, Alien disposes of its interest in Windfield or Windfield's interest in the Project, the Company will pay the Windfield seller a performance payment in addition to the Upfront Consideration ("Performance Payment").

5. The Performance Payment is calculated by:

a. In the event of a Tenement Sale: 50% of the value uplift attributable to the Projects; or

b. In the event of an IPO/Spin-out event: 50% of the value uplift attributable to Windfield



Windfield's sole asset is the 49% interest in the Project and in the year to 30 June 2020 it reported minimal revenue, a loss before tax of A$191,573 and Net Assets as at 30 June 2020 of A$191,473.

Those days are long gone WBA. Better off spreading our revenue anyway if we've learnt anything from the DHSC debacle.

Just Antarctica to go now then

Hi Dunc, well done for calling the top. Well as you bought in at 410 I'm guessing you now think it's going back up. Which I'm sure you'll call the top again and then buy back in close to the bottom. It's an unbelievable foresight you have lol