George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
I have been watching copl from the sides and got in at 2.9 and now average 2.48..
The acquisitions last year and the reserves discovered alone should place this higher but some of the worst financing I have ever encountered really don’t help the company ..
I have refrained from commenting for a while as presumed there was a rabbit in a hat somewhere . I have been in and out but this is just the death rattle from ABDX in its current formation.
They have not been able to secure firm sales , no matter what service you provide or product you make the aim of the game is income . Why build so much infrastructure without first getting firm orders …hope ?
One of the bigger boys (eg. AVCT objectively) needs to come along and snap up the assets for a steal. The board then need to go back down the food chain to a level where they belong..
Sorry to all LTH by the way
I don’t currently invest but only by sheer chance as I have traded ARB a lot through covid
As it stands the BTC and equivalent is pitiful and leveraged to the eyeballs
The charts if you believe them are pointing to the floor
BTC is bearish and a big dip is again predicted to maybe $14-16k zone
Rigs have been sold curbing expansion (Motley hindsight got this right )
All finance Argo have is high cost stuff
You would hope moving to the Texas desert would have curbed energy costs instead there is an energy crisis and it’s bleeding the company
Re PW - he’s doing the typical vague obv distressed CEO thing now where comms are sketchy
I could go on..
There might be a company there in 18 months after the war and Helios is finished with BTC back above say $30k but IMO this is a carcass of what was promised
One could be overdue
Looking through the last one they mentioned Antibody testing . A full year has passed without this getting progressed . That needs updating or moving on.
I still think there may be more orders to come
I have always stated im sceptical about EUA’s getting approved .
Scant info but seems Anavio are a niche hedge fund in the energy sector , their ‘custodian ‘ (Google it) is the extremely reputable Goldman Sachs / Morgan Stanley
Clearly Arthur has had to go off the ‘high street’ for funding
I would say this favours the company over venture capitalist since there will be less onerous influence exerted
IMO DYOR
Four months now since Vatic stated they had submitted for FFA EUA of the Knowhow test and nearly a year since their trail for it in the US was completed
https://www.clinicaltrials.gov/ct2/show/NCT04733170
We should know soon whether this is happening , Vatic are very quiet and one can only wonder what they are doing on a daily basis ..
FDA EUA whilst it should happen with such a good test for all we know they will ask for more information etc and the whole thing misses a wave
Taiwanese EUA you would think more likely given that Abingdon will have done their due diligence with the customer
A tad worrying we are relying on EUA’s to bring the SP up
It does seem undervalued and certainly versus NYCT’s MCAP in our sector
There is always low volume and big director and institutional investment therefore any sell can dramatically alter the SP
It’s clear now sone PI’s are draining out after the DHSC payment didn’t do much
On the positive side we re fully funded , have a few confirmed contracts , top of the range facilities , capacity like we have never had ..
Covid stocks and the wider market are in a battering storm
My money is on Vatic EUA drags to the point it might not happen or is pointless , Taiwan happens and a few more contacts besides
I will finish by saying I am never right so don’t follow a word I say :-) it’s just an opinion
The ability of the MM to keep this down is remarkable !
Speculatively since it dosent make sense we are 0.75p up on a £9M payment , however they have reasons such as..
- actual cash in the bank whilst committed from contracts has yet to be received
- 2 x EUA orders could mean nothing in the end worse case
- The market as a whole is awful, liquidity is low
- There are willing PIs selling at losses
- Covid stocks are so passé , ‘Covid is over’
Enough factors there for them to work with
How else is this possible
It does go against your belief system when a share can tank the day after an RNS like that
ABDX are predominantly held by institutional holders aren’t they ? Small PI holdings can be meddled with
It’s tough to stomach today but keep holding eventually cash and POs will exceed £25-30M and it would be impossible to keep the SP this low
https://www.cdc.gov.tw/En/Category/ListContent/tov1jahKUv8RGSbvmzLwFg?uaid=WpUcq0Yk6REJJPArJUNzug
Clearly an emergency need for years in Taiwan since they are being rationed , link published 4 days ago
Vatic have gone a tad quiet , presumably they don’t know themselves re FDA EUA
Found this for the Taiwanese EUA
https://covid19.mohw.gov.tw/en/cp-5281-63752-206.html
Some of the usual suspects on there , note it hasn’t been updated since May
One point to counter that
Since the wording says full settlement of £8.9 I am taking that to mean the components surrendered by the DHSC as part of the agreement make up the difference between the £8.9M owed and the cash agreed. Therefore circa £2M can move back onto the balance sheet as stock/ assets as opposed to a 3rd party holding .
Otherwise the components are waste , and we could send them a waste disposable bill instead (tongue in cheek) Seems unlikely. I predict value to this element of the deal.