Member Info for fiscalrascal

The company has an MCAP of nearly half a billion pounds. The average daily trading volume so far in May is c. 700k shares. Today's volume barely half way to that yet. I wouldn't read too much into a few 10k trades!

I don't see any particularly large trades or volumes. Share price more or less just moving in tandem with POG whilst we await next confirmed milestones. Gold now at lower end of its year-to-date range and barring a collapse in gold price I'm viewing this as probably the last chance to buy sub 100p.

AIMHO DYOR etc

I'm reassured to see that Mitsui have confirmed the deal hasn’t completed just because regulatory approvals are taking longer than expected, not because of any problem with the transaction. They still expect it to go through and are working to complete it as soon as possible, so it looks like a standard administrative delay rather than anything concerning.

And the ABSENCE of an RNS from Kistos suggests nothing material has changed and is standard for a short delay.

Current share price looks an absolute steal to me..!?

Agree, many will be disappointed/underwhelmed.

Anyone with a better understanding of trial processes explain why they are continuing to recruit for 1b...is that really the fastest route to phase 3?

Agreed, background concentrations are circa 0.0005%

One question I don't know about is plans to move to AIM. Not sure it matters all that much short term but Trek I think you mentioned asking Nick this question, can you kindly say if he gave any useful info on this?

BW

That's consistent with what Nick Tulloch told me in emails tradedesk, have you also had a discussion?

I also understand latest on revenue includes that : Peyton well continues to generate cash but in fact given ownership only 20% and after deduction of all costs this only works out as approx $400 dollars per month.

Smith and Nilson however are running well with metered amounts just shy of $2000 dollars PER DAY. Cash payments to M3 now end of each month.

Rost well, which of course has vastly higher helium concentration, still on course to be completed THIS MONTH, with production, purification and sales to follow shortly after. And then much more to come in terms of development other wells, horizontal etc etc.

And RTO still on course to complete THIS MONTH.

Nothing new here, all consistent with previous RNS, but so far so good in terms of executing as promised.

Still not generating huge amounts of interest it seems but for me just a case of relax now, limit order set in case any more shares become available in size below 5p and wake me up when September ends!

ADYOR and GLA

Cheshire, C1 et al.

Do please reach out to Nick (Voyager CEO, ECR chariman) eg by emailing nick@voyagerlife.uk

I am a VOY shareholder not an ECR shareholder so I am clearly coming at this from a different angle from you guys but I believe both sets of shareholders deserve clarity.

GLA

Quite right Trek. I have been given firm assurances that there will be no attempt by ECR to invest in or acquire VOY - would be an unacceptable conflict of interest as you say. And they are not claiming that that is the plan, just trying to imply it to excite some interest, which hasn't really worked.

I would think of this as ECR trying to bask in some reflected glory from the success they know VOY is soon to have. The ECR ideas for one day acquiring a similar opportunity to the one VOY already have are much further away. They can imagine that if they do then the 2 companies could one day pool expertise and share some back office efficiencies etc. But for the time being it is for ECR a distant aspiration, being mentioned to excite investors. Whereas VOY are the company sitting pretty and making money. After the VOY share price re-rates the ECR lot would love investors to think 'ooh could be us next'...well maybe...but I know which one I think is the best bet for the foreseeable!!

On Friday I was concerned that a desperate ECR were trying to swoop in and hijack the good thing we’ve got going here.

I now have the advantage of having discussed it with management, who I’m relieved to say have been very responsive - as I suppose they should be after provoking so much speculation.

My personal take on the situation now includes the following important points from a VOY perspective:

First, the VOY/M3 RTO is progressing as planned, with preparation of admission document etc, and no unexpected obstacles. The reason VOY/M3 are already talking (and functioning) as one is precisely because all involved view completion as a mere formality.

Second, there is no prospect of the RTO being derailed or the ownership of VOY being somehow taken (in part or whole) by ECR. Phew.

Yes the spread is huge – but that’s the nature of the beast with aquis and low liquidity (for now). It just means it’s no good for a day trade. It doesn’t matter if you have the patience to wait a couple of months for the share price to shift an order of magnitude. If it wasn’t for this, and for the uncertainty of waiting to see just how much monthly revenue is coming in and how smoothly things progress with the next well then you couldn’t get in at the current valuation!

GLA

You could argue the investment case in Voyager is so compelling (and with the staff crossover/inside info they have, ECR know that better than anyone), how could they possibly resist. But the plot has certainly thickened!

Trek ECR are telegraphing their intention to 'invest' in Voyager. What do you make of that?

Thanks Trek.

On the number of shares in issue - it is currently 43m because this time last year there were 13.9m, then 0.4m issued for amphora acquisition, then recent 28.8m fundraise (in 2 tranches as you say) = 43m. These have all been admitted. The additional 57m do not exist yet and will only be issued (directly to current M3 shareholders) when the RTO completes.

Hard to see it NOT completing since all involved seem happy with the arrangement, the remaining paperwork is hopefully just a formality!?

And once it does, and M3 is officially a listed helium producer with revenues flowing already, soon to be increasingly profitable...well my word the time to get in is surely very soon!

ok on the aim listing question i see that mike ******* posted on x in july about them looking to list on aim, before subsequently being announced as chief development officer on 1st august.

so to trigger the re-rate here we have potential for - completion of rto - confirmation of some revenues : both very likely

and on risk side there are 28m recent placing shares at 3p, 16m warrants at 6p. last placing raised only £864k - will another be required?

overall for me though i hope to collect a few sub 5p over next couple of weeks for the very real possibility it goes to mcap 30 or 40m ie share price 30 to 40p over the next few months.

gla

Am I understanding correctly Voyager doesn't YET own M3 - but the plan is to acquire, by a deadline of 30th September. Number of shares will increase by 57m so at a share price of 4.6p market cap will then be approx £4.6m.

I didn't see anything in the RNSs about moving to AIM? Only that they are preparing re-admission document for aquis - where does the idea of listing on AIM come from?

GLA

Looks rather promising to me

I should have added in addition to the fundamentals looking exceedingly good, the chart now has RSI turning upwards from 30, stochastic turning ready to come out of oversold. Delicious.

Being quoted 13.125 to sell and 13.5 to buy this morning - normal service resumed??
Bid and ask both higher after yesterday's static price action - could it the proverbial 'seller cleared'..? Perhaps we'll see some delayed prints later today.
I re-watched all of the interviews with Michael Frayne (not that there are a huge number) from the last 3 years and have been trying to guage the prices of rutile, ilmenite and zircon - all seem to be doing fantastically well, as one would expect in the general environment for commodities lately.
At an MCAP of c. 25m this seems astonishingly good value to me!!

11th Feb was the last day we had this great a volume.
Quite a hefty amount of shares going through at 13p (I clouding my buys) and the share price not changing...? So presumably there is a large sell (at a lower price) being worked..? Otherwise why would MMs be giving them away at this price, not out of the kindness of their hearts.

Health services are in need of improved cancer diagnostics now more than ever and I see a very good period ahead for ONC, particularly eCDT.
I'm a LTH having first bought in 2018, but have been topping up today as I think the rest of 2021 could be seriously good for oncimmune. There could be a whole lot more contracts and Early CDT lung could even feature in draft NICE guidance in a few months time!