Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yeah, I have to agree with all of that, but I don't think the game is up by anymeans.
The 'ideal' was to raise money,.pay the loan and have necessary funding to keep the expansion going into next year....its failed, due to a leak and purposeful attack from TW and gang.
A plan B is needed. I still can't see why not scrape the 500k first payment together, buy some breathing space, scale back some of the expansion and let the SP recover.
I exspect and hope this is now what they are thinking.
Aside from this, they could try to get a big firm to come in and do a joint venture with them, or sell a part of one of the business, try and get a better loan to pay the loan.
If any of these things can be put in place in time then the SP will soon get back to where it was a few weeks ago.
Maybe worth pointing out, maybe not but Chris Yates purchased his last batch of shares on the 23rd September.
The 30 day rule will be over come Monday morning....just saying.
Yes!
I know the test never got to market (yet!) but it was neither firms fult Covid suddenly did a massive left field mutation right at the point it was about to be released.
ABDX successfully completed the TT for the test, to spec and ready for mass production.
Yes, of course there is always competitors and others options for Avacta but I would say ABDX must be front runners.
They have worked successfully with each other in the past and both firms head offices are only 30 odd miles apart. It makes life much easier (and cheaper) for the teams to collaborat in person.
AS is a Yorkshire lad himself so think he would like to keep it local if he can.
Time will tell, let's see.
Bit shameful (narrr) that my predicted text goes to Guinness as soon as I type a 'G' after water :)
I say the man with many identies needs an overall known nickname? I, if i may? would like to propose 'police interceptors'... PI for short.
Chanel 5, Monday nights I recommend!
If you are ever feeling low or like I need to do better at work, be a better Dad/husband/son/friend /brother/uncle ect, just watch Police Interceptors! You will see, you are actually a really good person, in a good place.
So,,, what PI makes me think.
Well nothing gives you (well maybe just me...but from experience) more confidence than a 1st post wonder 'I know ****'.....talking lots of ****.
I'm guessing this is our old smell, 1st time Mr waterGuinness was it? 2nd, Gwoods, probably a 3rd/4th that passed us by but haho....oh so, of those not in know this is an (finally admitted after years of posting **** like this) an ex GB employee...unfortunately for him....a **** one, so he lost his job... he's been on a one man..journey?your ****! not me personal exsperiance ever since.
Oh,and... we can see the man's intellectual properties by clearly identifying himself by his chosen user name....just genius Water (hahahaa LOL).genius (also known as Boy!) ..Gwoods....AKA ...twat!
Hi by the way...hope ya good
Yep, if you are betting man (I guess the fact this is a AIM BB that means all of as) ABDX have to be the massive front runners for AVCT's main manufacturer.
It looks like AS (for those not invested this being Avacta's CEO) Is a rather proud Britt, so a Brittish manufacturer would complete the job and, one would then hope (but unfortunately we should not get our hopes up for...recent experience and all) the goverment would then back as big 100% UK made! LFT global power house!
It would also give the Goverment 0% excuse not to....Next health problem/pandemic you çant go Chinese when you have one of these firms in-house!
Developers, manufacturers, distributors. Three, once separate UK firms spread across the country coming together to compete on a global scale! Now ifn that not Levelling up, what Brexit was promised to be and just very Tory **** all in one i dont know what is ...If it doesn't get support well,,, it will be the 3rd/4th/5th nail in the tory coffin....AS is a clear man, he's got a plan and it includes Abingdon on my head be it.
Ducks lined....My good November, all the more confident!
Wymdrum,
Maybe some fair points there but you need to remember the Market valued ABDX at over £100 million less than two years ago....why? Because they have the facilities and expertise to fill very large orders. They had a contact with the goverment for £75 million and that was for just 10 million tests, they are capabl (we think?) Of making 150 million a year, so with a fair wind they can easily get back to that sort of value again.
To be honest I can't see it either but if Avacta did what to make a move I would say now would be their premium time. IF ABDX get a few contacts going their price in a few months would be out of AVCT's reach.
Just thinking a bit more on that.
A company with (let's say) £6million in the bank, recently had £20million (ish) pumped in, tangible asset value? Plus existing business and intellectual property value...what would be a realistic price for said business I wounder?
Yeah agree, it's a definite maybe.
Yeah something like "Deepverge are pleased to announce a Joint Venture partnership with L'Oréal"
Now that would proper screw any shorters over!
Come on, we are all allowed an ideal dream situation right :)
Yes, nice! This could be big for ABDX also!
Just a confirmation that ABDX are AVCT's manufacture of choice and we could be off.
AVCT clearly have big plans to make lots and lots of tests and I think they are the guys that can pull it off.....if they are sticking with ABDX that's a LOT of future pipeline of work coming this way.
Yep, that's what TW does, gets people to pay him so he can use them to manipulate the market....one day he will get his comeuppance! His jail keeper is calling!
Yes, I would say an ideal at this moment would be some sort of Joint Venture (JV) with one of these "Tier 1 skincare corporations or US drugstores"
Split everything down the middle cutting growth costs in half. They need to buy in by paying DVRG at least half the set up costs so far and the value of the databank. A big name would also make the advertising and promotion side much, much easier and cheaper.
You could say over hopeful thinking but a few million£ to be 50/50 in the next big thing and do one over your competitors... you would say a great opportunity for one of the big boys to step in.
"where are the orders"
Well they managed to get £18 millions worth this year #tobigtofailnow
Of course it still value....if I can't pay my gas bill it doesn't make my house worthless.
DVRG has plenty of value its just how to unlock some is the challenge,,,, I'm not kidding myself that it is one, but there will be a way....can they find it?
Well , I think there can't be any question (unsurprisingly)that they do not want to do a 3p raise deal.
The big question is do they have a plan B available and can they get it over the line in time?
To he honest I'm not sure to feel worried or comforted by the lack of news? There is no suger coating that this a bad position for them to be in but they are obviously working on alternative something?....let's hope it comes good....decent bit of news, scrapped raise etc and this should shoot straight back up to 10p ish.
Exactly, if Deepverge were planning or happy to go ahead with a 3p placing then it would have happened already. It has not, which means they must be working towards something else.
Hopefully we will find out what, soon. I will love It so much if it hits TW and his short crew hard!
LoL, The the clever (real obviously) gangster no* 1, A-cor hard mother ****er! Just declared his intensions live to the Internet! Genius!
Best hope something does not now happen to Mr GB, accident or not, because now the police will be knocking on your door first.... do yourself a favour and go to bed....I'm getting seriously embarrassed for you.
Well first off, nice bit of dinner? now we are talking, never like to say no a nice dinner party, I'm veggie, hope that's OK?
Anyways,
I've got 3 amazing kids to put to bed soon so enough of this nonsense for me.
Hn, olive branch to you as you remind me of the first time (been a few since) I lost tons of money (although I didn't air my anger quite so publicly as you) it's hard, I feel for you but offering people like me out on the Internet will not make life any better.
You say I'm some GB paid employee, go through my posts, I have not been sticking up for GB at anytime, im sticking up for the company and what it can do,,,,two very different things.
People need to understand, you/I, all of us that are invested are under a short attack for TW, the guy even admitted it (not in clear words), so put some (not all, GB more than deserves his share to) his way! Without him the SP would be 5/6p and the funding would already be in place.