Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Have managed to buy a few through FreeTrade this morning.. the chart still isn't updated, and it still shows 7p, but it does go through at market value & my % return has updated. Think the chart is the only thing on there not to be up to date.
Teletubbies - we also have longer than you suggest to find a replacement. The notice period ends on 30th April, but we wouldn't be delisted from AIM until 29th May. That gives 7 weeks. Granted, nothing is guaranteed, but it sounds as though they're fairly positive about achieving it...?
"The Board believes that the appointment of the new Nomad will take place before the WH Ireland notice period expires. However, pursuant to Rule 1 of the AIM Rules for Companies, if a Nomad is not appointed by 7am on 30 April 2020, admission of the Company's shares to trading on AIM will remain suspended, and if a new Nomad is not appointed by 7am on 29 May 2020 admission of the Company's shares to trading on AIM will be cancelled."
Seems fairly sensible to me...
"Many competitor products to the COPD Business are marketed by companies substantially larger than Circassia with far greater financial resources. The market for COPD treatments in the United States is highly competitive and requires significant sustained investment to gain market share. The Board believes that significant investment in sales and marketing would be required to be able to increase Circassia's revenues from the COPD Business to a level where it could potentially become self-sustaining as a business unit. However, as stated above, under any reasonable scenario that the Board has assessed it is highly unlikely that Circassia would be able to refinance the vendor loan and capitalised interest owed to AstraZeneca which as at the Latest Practicable Date amounted to US$149.9 million and is due to be repaid by 2024. The Board has therefore determined that it is in Shareholders' best interests to terminate the Development and Commercialisation Agreement with AstraZeneca and return the rights and assets relating to Tudorza® and Duaklir® to AstraZeneca."
Sounds like they've realised that they're too small to compete in this market, and that they're better off putting all their eggs in one basket. If you're satisfied that they stand to do well on Niox in the long term then seems fairly positive...
"The Directors believe that there is good scope to develop the NIOX® Business further, both geographically and by providing improved customer service and technical support to ensure that users are readily able to maximise use of their devices. Historically, the NIOX® Business has been generated principally from clinical establishments; the Directors believe that scope exists for a more focused approach on CROs and other potential channel partners, including pharmaceutical companies for prescription of whose products a FeNO test may in certain instances be indicated."
If you're expecting a short term return then I think you stand to be disappointed, but I'm keeping this as a medium/long term investment -- not planning to sell any time soon. We may have a turbulent time until Covid-19 is over, but I think we'll see an improvement after that.
Just my opinion though - I'm VERY new to this trading lark so happy to be corrected by people more in the know!
Errmmm...
"In addition to the existing machinery and equipment already owned by the Company as described in the announcement dated 26 November 2019, a lease agreement has been signed with Leasing-Trade in relation to the following:
· Two new Hitachi ZX330LC-5G excavators that have already been shipped and are currently operating at site, and a further Hitachi ZX300LC-5A excavator awaiting shipment;
· A 30 ton Chetra T15 bulldozer arrived on site on 15 March 2020; and
· The lease agreement also provides for the delivery to site during April 2020 of additional 4 Kamaz 20-tonne ore haulage trucks.
A fuel truck, that was purchased by the Company, completes the mobile fleet at site.
New crew shelters for 56 people have arrived and have been installed at the mining site, and the washplant with its associated pumps, generators and other peripherals that were utilised last year is now being serviced for use in this mining season, while mined ore is stockpiled in preparation for enrichment. Both the crew shelters and the mining equipment allow people to operate in social isolation conditions thanks to the open pit mining nature of the project. Eurasia has also purchased and delivered hand sanitisers and other precautions to provide individual protection for its employees. Operations at site therefore currently continue as normal, without any impact from COVID 19. Updates will be provided on this as required."
That's new. And positive.