Member Info for HarChris

Interested parties have access to the data before it’s made public in late 2025.

There is always 'a chance' of funding failing and administration beckoning but it's highly unlikely in Avacta's case, especially at this juncture. So much so the rest of us don't feel the need to discuss it alongside tons of other possible things that could technically happen and therefore have some probability attached but too low to warrant repeated commentary.

Realistically funding will come and it will be one of a few options. Yesterday was the most confident and somewhat definitive Christina sounded in terms of near term partnering options when she said 'more to come in the not too distant future' re licensing alongside numerous other quotes. And if not there will be a rights issue. You're betting on it being that and at a whopping discount to whatever your sell price was yesterday (31p?) and the rest of us are betting on it coming via other sources or, as we are seeing elsewhere, closer to market price with the shares taking off after it's sorted.

And whilst it's true that there is no evidence of any deal Christina is more transparent than many think. In September she made it clear that there was no near term deal to be done, not until further 1b data, whereas now she's talking about the relevant parties seeing the data as it comes through which will be tied to any deal. So there's consistency and it puts us right in 'dealmaking territory' in a way that wasn't true for any of September til about April.

And finally I'm still just as buoyed by Richard Hughes' appointment as I was last week.

Yeah it looks timed with the fitch downgrade, I imagine they saw it as the perfect time to latch on to doubts and uncertainty.

For now the only way to force the shorts to close is Cosmen buying in size, we’ll have to wait and see on that front.

Thanks for that detail… and yeah I agree, the tweet really isn’t the way to go to deal with the silence, it’s really poor on further reflection and the error is the icing on the cake.

I just hope they are still optimistic that pit 1 delivers and they are just trying to get through to that point but comms are truly awful.

It's the latest pour we know that but it was probably from a little while back and they've suddenly felt the pressure to put something out there.

Whether it's over a six week period or eight week period 505 dore ounces is still relatively low, albeit expected given the silence.

In Feb they stated 16.253kg giving 522.

In March they stated 18.629kg giving 598.9 ounces

Here 15.709kg giving 550 ounces.

So yeah you're right, this is the only one they have used a standard ounce conversion for, it should be 505 so I think it's actually a typo! Not sure what's worse. Yeah more likely a typo I think but so very sloppy.

They'll have only entered pit 2 in April, if that, so it's still too early for higher grades to be coming through - the next June pour and beyond is make or break for the company.

My word, I was not expecting to get that sort of info from twitter without any context. Only just seen it too so missed any chance to trade if I wanted to.

Personally I don't reckon that pour has just happened, I imagine it is just the latest and they have decided to put it out there simply to show that operations are continuing and there's nothing serious behind the scenes. Equally though it's clearly not over a one month timeframe as they'd have rns'd that so my guess is a pour sometime in May and probably reflects about six or seven weeks production i.e in no way a record pour.

It ever so slightly gives me comfort but I just don't get why they need to be so secretive and opaque - if even the date of the pour was shared it would have given us something to work with.

I think a small placing might still land next week but as long as it's around current price I'll suck it up and buy into it.

I won't state a figure as I could be well out but at least at a minimum enough to put the funding question completely to bed.

I am of the opinion that the share price is at all time lows just as the JV is about to hit all time interest. It might not seem like it today but I think we could all be looking at a totally different picture by the summer and look back at what an opportunity this was at the time.

We pay our money and take our chances... well at least most of us that is.

I haven't been invested here all that long, only pos- Anglo agreement and closer to when JV was to begin ie 2024. I tried to follow your squabble over the past 24 hours but it's not something I'm particularly knowledgeable on or care about - I'm here mainly for the JV, a deal about as good as I've come across for a tiny small cap like Arcm and especially so now they are valued at just £15m.

And I hope in the meantime there is the chance to sell the Botswana tenure neighbouring MMG to bolster the cash position as well as sentiment whilst we wait for exploration to pick up in Zambia this year.

Most of the replies are coming from you!

I reply to the odd comment if there's anything constructive to add but that's about it, I leave him to talk to himself. Try do the same!

We all know if share price starts rising Wyn will pop on here after and tell us he bought a ton at the bottom!

Remember what a fuss some made on here, over and over again, about failure to get accounts signed off without prior funding? Again and again they squabbled over it.

It was nonsense.

I partially agree although they might know that there’s a major holder exiting and therefore that’s the reason… in that circumstance you wouldn’t usually RNS unless things got extreme (if it had continued lower yesterday).

I agree though, we’re not out of the woods yet.

Going to have to wait for the interims to have a clear understanding of the accounts post NA sale, not too long to wait I guess.

As for today buying has really stepped up last hour or so, hopefully that's the last of the downgrade negative sentiment.

You're missing the point D-Geeman, if a raise goes ahead to effectively cover the Heights payments (+ extend runway) the market is far more likely today to see that as a major positive with SP appreciating well beyond the price in which those shares were issued vs how it might have reacted at the start of the year to such an action.

Apparently so but until we get confirmation via RNS it will remain a technical unknown.

Well let's hope they drilled well into January and it's informative and helps them zone in on what they are looking for - anything that increases the chances of a major discovery this year is a positive.

Well it really depends on the narrative they are able to sell - if it was made crystal clear that management were focused on securing licence deals with 1b data in hand then any amount raised that (i) increased runway well into 2026 and (ii) covered a couple of Heights payments, would be enough for many to buy in/add.

Personally i'd prefer less dilution at such depressed share price but views differ.