Member Info for G-Man11

It's all a bit vague and having to re submit a new planning application will set us back a long time.

What we need now is to find out how much CfD allotment we are getting. Financial year is starting soon, so we should know by now.

Cash burn is a real threat, so we need to find external funding to expand Meygen.

I was speaking to my mates who are working on the Turbines in Nigg atm. They believe February is when two of the turbines will be back in the water and the third in the summer. They don't believe we will see an expansion at Meygen for another 5 years but I guess that could change if we get substantial funding.

Disappointed in that RNS. They can't even be bothered to tell us what their plan is with Uskmouth, just that they now choosing not to add additional infrastructure.

With planning withdrawn and new planning to be submitted when they decide what they're doing, it's safe to say this project is dead in the water.

Time to focus on the only working part of the company, the tidal division. They'll need a substantial amount of the CfD funding because cash burn is high and we are relying on external financing to keep the lights on.

I'm angry at the board, since Tim left they seem rudderless.

of an update. The company is as good as dead. I've cashed out with a loss (like many others). For those left, I wish you the best of luck.

No need for any abuse guys. I'm sure Ndn knows he is very much disliked on the LSE message board and I'm sure he knows he holds no credibility, despite his recent efforts to be liked.

But no need to stoop to his level. LSE would do well to ban these trolls.

results anytime now. It was spudded on 22/11/21 with a timetable of around 6 weeks until completion of drilling and testing.

It's now 8 weeks gone by. Taking in to consideration some downtime over Xmas and NY, we should have results imminently.

and traders missed the latest news on the oil discovery? I certainly know I did.

I was previously invested here and after a long hiatus, I'm back in today after only catching on to the discovery. Its blown my mind that the market hasn't fully caught on yet and it was a no brainers to buy back in at these levels.

This is transformational to say the least.

Given we are joined in forces with Nova now, I'd anticipate that we see a lions share of the allocated budget.

Meygen needs to start expanding.

I know folk working on the turbines at Nigg. Obviously that will be weather permitting and without any hiccups ofcourse.

What we really need to hear is how much CfD funding will be allocated to us.

I'm fairly certain at least two of the turbines are meant to be going back in around February time and the last one laternin the summer.

I believe a few weeks. I'd imagine they made this decision before now, so we may be well in to that period.

I don't think the majority of investors here understand that this will affect all LFT suppliers.

In addition to this, Alistair said previously that its relatively easy to adapt the test to suit future variants and that it could be achieved within a few weeks.

That being said, it is disappointing and the market will react negatively. Today is when you'll see the usual trolls come out in force.

It's worth remembering that there is an independent investigation in to how the government have dealt with Covid and this investigation will continue for some time.

With mounting pressure over having avoided using British tests, I really think the UK Gov will do a U Turn and we will see Avacta and alike being offered a slice of the cake.

Continuing without UK tests is political suicide.

I can understand why they may have gone 2ith innova at the start, as they needed a collosal supply and for cheap..... but there are more options now.

Toukankahmoon,

Unfortunately Cornish Lithium and Covid19 Diagnostics Tests are completely different.

Sales for professional use won't have an impact on 2021 sales revenue because their strategy was never to sell to the UK. If they do, its a bonus and it would be a poor judgement by Alistair if he completely ruled that out, hence the CTDA application. He's keeping all options open whilst targeting elsewhere.

Missed predictions and missed targets are two different things. Yes, deadlines have been missed but the targets have been met, albeit much slower than predicted.

The good news? We are now manufacturing and selling tests worldwide and can sell them for home use in the UK.

East Side,

I think we will be pleasantly surprised when Avacta do (eventually) give shareholders an update on orders and manufacturing capacity.

The silence has been frustrating and I do feel they could do a better job of keeping us updated. That being said, although painstakingly slowly, Alistair has met every target so far.

Good luck and glad to hear you'll remain invested

I'm reading a lot about marketing on here and those saying how 'amateurish' Medusas website is.

For those familiar with the Biotech industry, you'll know that marketing doesn't follow the 'typical method'.

Most of the marketing will be done through direct networking and LinkedIn will be red hot atm.

I know the CEO of a very well known sporting / events facility in the middle east who were directly contacted by Medusa and they've now placed a substantial order.

I'm sure there's many more out there like that.

Derampers can keep trying, but it won't change what's actually happening.

I'm as disappointed as anyone about the time it's taken to get here and the silence, but I have every confidence that things are finally happening.

Good luck everyone

I've always been a fan of the Uskmouth project but I think they need to change strategy and focus on tidal power. They have an opportunity to lead the way in tidal power.

Uskmouth is going to continue to drag on and unless they can come up with a quick solution to carbon emissions, its never going to happen.

Drobbo,

Go to your trading app and try and buy £5000 and then try and buy £100,000 and you'll see.

all the green boxes seem to have vanished. This is another important example of not listening to these deramping fools. Back under the stone they crawl.

Merry Xmas to the real investors here

Personally, I think the delays are nothing more than the usual governmental red tape. It's out of Avactas hands and I'm sure they're as eager to get the green light as we all are.

Most of us, including me, believed HUA and the desktop review would be done and dusted by now but that's not the case.

I'm sure Medusa and Avacta are pushing for updates themselves. It is disheartening seeing the country run out of tests whilst we are facing a tsunami of cases and we are waiting on the sideline with (arguably) the world's best LFT and can't do anything about it.

Al dodged a bullet by moving away from the UK Gov early on.

I guess if the UK Gov come crawling back now, its on Als terms.

He played a blinder and its all come together at just the right time