Member Info for HarChris

A tiny cash hungry company like this has to take cash when they are offered it and can't run the risk of hoping for some runaway share price first from something like this.

Good management raising £1.5m at the prices they have in the past seven days, it's bought them time now to progress on a number of fronts.

Oooh my £100k bid for that beautiful Ottoman Helmet got pipped to the post!

:)

'The auctioneer is not broadcasting' - is that the same screen for those signed up too?

Can't see the problem with the financing tbh - this was a company fighting for their life not long ago and now has raised £1.5m at a competitive share price?

Https://drouot.com/en/l/33736207-bag-in-t-rex-leather-t-rex-cellular-leather-silver-buckle

But for the record and so as not to disappoint, I wish I had a tenner for each time someone posts or recommends a post that says “I have thought it before, but now it genuinely feels like we will never see 68.50p, or lower, ever again.” It’s why I feel compelled to counter such investment strategies

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You'd have a tenner from me as I said it when it was at 30p, that I don't think we'll ever get a chance like this again to lower our averages / buy in for multiples.

Worth a go at 2.2p, i'm having a punt! Auction at 5pm?

Another monthly update, another steady as she goes and yet absolutely no budging on the share price and no buying appetite. What’s going to change that?

I have no interest in trying to censor anyone but I do find many of your posts dead boring, they read like the HL disclaimers I get warning me to invest at my own risk, tumbleweed that just needs scrolling through to tick the box at the bottom.

We aren't missing that, it's either renegotiation / deferral of that cash to later in 2027 or ECR will have to raise the difference (+ a bit of safety net).

As long as Raglan is contributing by then and Maddens is in production raising around £750k vs perhaps a £9m mcap is not existential.

What matters most is unambiguous progress happening in the run up to November.

ADS - Avacta Derangement Syndrome - we all have it!

In direct competition with ADCs.

Fortunately for those who are losing the faith in AV the investment case has a different flavour to it now. We have SQM working up Lithium Ridge and well into the JV now, likely not too far away from being able to put a true value on it, a value that could dwarf the current market cap of ATM as a group. We have heavy investment into Brandberg West at what sounds like the favourite of Viljoen's assets and with the hottest of commodities which will certainly gain attention if impressive grades keep being revealed (especially tungsten), we have specialists investigating the potential for the lithium at Uis now whilst being backed not just institutionally but governmentally and finally we await an outside decision on Goantagab mining, something that is simply a binary outcome that leaves us as where we were or utterly transformed with access to 11X higher grade tin ore.

All AV really needs to achieve right now is profitability for the tin at Uis with tin at $52k whilst we wait for the above catalysts to play out favourably, even the most pessimistic of folk will struggle to argue the case against that.

Would like to think it’s up for sale, fetching anything from about 7 to 10 percent of project NPV would be transformational for the group.

We have to also accept that the markets are having a wobble this week, fears of a stock market crash are growing due to a confluence of factors and as we know a falling tide sinks all ships.

Another reason why getting that £9m raise quickly done and out of the way might prove to be extremely prudent.

I know it's not that simple and juggling multiple projects as an explorer with a low mcap is challenging but the quality of these assets for me makes it seem worthwhile.

No I don't think it's best for a company valued at £10m to walk away from a project they may well work up to 400k+ indicated ounces/$2B worth with gold back at $5k in the future.

If ava6000 indications are partnered/licenced out there are endless potential combinations said partner could investigate to maximise effectiveness - as long as there's strong signs that ava6000 is safer and more efficacious than straight Dox (look at pfs for STS in that setting, it's tiny) then 6000 is valuable and a deal should land in the coming months.

And as stated the share price will hold up either way as funded to crucial readout for what's being described as the true prize now, 6103.

We already knew how massive the potential was here, this boosts it that little bit more.

A reminder that the CLN in the past was placing huge pressure on the science - exactly one year ago today the CLN made up something like 23% of the market cap, today it's just 3.5%.

There's a little less pressure on this data release imo because all hope isn't pinned on 6000 like it once was, that's now shifted considerably to 6103 and avacta are already funded to that key readout.

What many of us will be looking for is consistent data that continues to add evidence that pre|CISION is working. If the data is good enough to feel that a deal is rather likely to follow (that could come in a multitude of forms) then the market should be satisfied and be enough to keep investors enthused as anticipation builds towards the 6103 read out later this year.