Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Who can be arsed to wade through all that stuff?
There are only 2 issues that matter
1) Why Prelea and the Board have been incapable of obtaining proper finance for the company over, 5? years
2) Whether the Zim officials have been flat out lying to Prelea
From Advfn
"One of my grandchildren has just called in after having a LFT for school.
She had a box of tests and a picture on her iPad of the one being used next week.
Todays test was Xiamen Biotime Biotechlologys,Xiamen,China
Next weeks are Orient Gene and i couldn't see the exact manufacturing origin but i guess China .!!!!! £200 for 20 tests !!
What are we doing as a nation ? Makes your blood boil !!!"
https://avacta.com/avacta-expands-rapid-sars-cov-2-antigen-test-manufacturing-capacity
As always, the issue with Vast is financing
The company has to refinance the $5m first priority mortgage over BP by next June
And now an additional $15m in Botswana
= $20m finance to find from non dilution
Judging by Preleas performance to date, the auguries are not good
Good luck and good hunting
There used to be a Bishop Temple
Insider's joke
https://en.wikipedia.org/wiki/William_Temple_(bishop)
The media have been around this misunderstanding track before
https://www.independent.co.uk/life-style/news-of-death-greatly-exaggerated-the-report-on-the-bristol-cancer-help-centre-was-damning-it-was-also-highly-inaccurate-these-expatients-want-the-world-to-be-told-and-they-are-tired-of-waiting-liz-hunt-reports-1504475.html
Myles on supply and demand
'Shipment of Avacta’s AffiDX SARS-CoV-2 LFT began in the first week of August. Pre-orders of the LFT from
early July ensured that the test was sold out several weeks before first shipment. We have been informed that
delivery recommences next week. Whilst the Company has not provided details of production levels to date, we
estimate that it will deliver one to two million tests in August. Currently, the production output is entirely down
to a single manufacturing partner, namely Global Access Health (‘GAH’) (formally called Global Access
Diagnostics). Avacta’s second UK-based manufacturing partner, Abingdon Health, is set to come online in the
next several weeks. We believe that once both GAH and Abingdon are manufacturing the AffiDX LFT at their
contracted full capacity, Avacta’s output will be in the region of four to five million units per month.
Given that demand is indisputably already outstripping supply, we believe that Avacta will also mobilise an
international manufacturer (based in Mainland Europe, in our view) in the coming weeks. [Eight weeks ago,
management stated in a presentation that the tech transfer to said manufacturing partner that was already
underway, would take 6-8 weeks.] This unnamed manufacturer will have the capacity to scale to 30 million units
per month.
Management has stated that gross profit per LFT sold will be in the region of €1 to €2. I
"Lkoks like all the complainers are wannabe traders and gamblers, not well researched investers"
That could be the case of course
Alternatively they could be people who took seriously statements made by the Chief Executive over the past 12 months, including I suspect, some people in the Government
Obviously Brewster is a loss, but I suspect he may have been a ' best practice' man who may have been uncomfortable with the budget constraints.
I sense though that his plans are being followed through
AP stated that Covid travel restrictions made Brewsters work difficult, and that the new guy is very experienced
There is talk of a podcast shortly
The latest RNS says "the first phase of the mine plan provided for mining and development to be conducted by conventional methods (ie without the use of the Aramine drill rig) and this delay in delivery to site has therefore had no impact on the current rate of mining. The implementation of the Aramine drill rig will however accelerate, compared to the mine plan, the necessary mine development into new areas
Shorts closing would cause a RISE in the SP
I always get nervous when left dangling in air following wildly inaccurate statements
Walters stop loss will soon be triggered
As he correctly states, someone else always knows the true reason for the fall
The capitalisation is £15m, with an operating mine stated to be worth £75-£100m
Yes, there may be the occasional £1m placing between now and April
All capital expenditure now is
to increase production
Prelea sold his interests at 22.0. Price now 7.0