Member Info for HarChris

That’s a very simplified way to look at it Touk. Why do organisations and pressure groups go on big divestment pushes? Do they say things like ‘it’s time to stop buying into equity raises relating to oil companies!’ or instead do they focus on divesting more broadly and the impact that can have???

Investing in and promoting Avacta as actively as possible supports the company full stop and means you’re contributing, even if only in a minuscule way, towards their success. We don’t have a lot of power as individuals but the companies we invest in, the products we buy etc aggregately can change and reshape society.

Sure instead giving to Cancer Research and volunteering in wards is a step above this but there’s no need to denigrate those who feel a certain deeper connection to this investment than they would if they were investing in businesses without any potential of changing the world for the better.

Jason and the other two NEDs had more than enough shares to be fully incentivised as it was, all that’s happened is holders have been more diluted than expected.

It won’t make a huge difference in the grand scheme of things but the vast amount of shares the directors received recently won’t be the reason NEO is successful or not, it’ll be largely down to De Wit and Theo and Jason (already heavily incentivised) to a slightly less extent.

Genuine holders like myself don’t need your sympathy, we’re big boys and girls that pay our money and take our chances. And all is still to play for.

Nobody is expecting big numbers out of Raglan but ECR have the cash to go at it more methodically and professionally now. If they can pull off even 50 ounces per month (tiny numbers) that would be US$3m and be transformative for a business valued at just $10m with its starter asset.

Why don’t we wait a few months to see if your deep sympathies for poor shareholders is granted or not? Some of us are at break even with ECR and see lots of potential in this gold market and find it weird that you’re talking like ECR is about to become insolvent when they’re debt-free and in the strongest position they’ve been in in many years.

Webley earns enough from the company to have no need to sell his warrants, so they’re in the long term pot.

What a strange use of a good third of the (net) placing proceeds, investing in a less desirable jurisdiction that Ghana and having less capex avaiable to finally get Homase consistently delivering meaningful amounts of monthly ounces.

Okay i'll feed you because you don't seem to be able to feed yourself.

Jangada took an initial 33.3% stake through £1m in Jangada shares + £250k cash + two board seats on MT Gold + management rights and operational control.

They committed to fund the first £4m of exploration expenditure so capex is heavily skewed towards Jangada now. Soon we'll hear that Jangada have increased their stake to 50.1% to take a majority interest for £500k more.

There is every reason to assume beyond the £4m initial free carry exploration future capex spend will have to be split unless MT Gold decide to give up further equity to Jangada.

Excellent isn’t it! Even if he perhaps sold this morning when he didn’t like the immediate price action and went all negative (wouldn’t surprise me!).

And that’s why everyone that was saying about a month ago at 60p that every day that passes without a deal will see the share price trickle down have been proven wrong.

I guess it’s because in the past, going back even six months, certain posters claimed that it was pointless trusting Avacta timelines as they are always missed… fast forward to numerous being met in a row and what you get is credible continuing to grow with each.

I doubt anyone expected this news to rerate the share price but it’s all part of a wider narrative that is leading to that moment.

And you got it.

Delays are never welcome but clearly there’s no existential issues and we’ll be back to business as usual very soon.

All the details are in the original partnership RNS - it’s not a long read.

Not a done deal but the exquisite 6103 preclinical data bodes well. Nothing is guaranteed but most of us think the odds are well with us with a heavily skewed asymmetric upside and so promote our investment without feeling the need to heavily caveat and qualify every sentence.

Well at least you're expecting the share price to burst through 72p last week, i assume it'll happen today now it didn't happen Friday.

Well go along and find out.

Even with the vaccine preventing a majority of cervical cancers going forward there will continue to be thousands of cases a year (especially vulvar as hpv vaccine is less affective against that), many times more than smaller indications AVCT is already going after like SGC.

I can’t speak for others but I was never enamoured by the diagnostics and so this remained a covid-era trading stock for me until a few months into CCs premiership and the clear realignment to a Therapeutics pure play. For me Richard Hughes’ appointment was the catalyst to fully commit.

That’s true jimmy but equally what choice did they have? If they didn’t there’s no way WeCap would meet that payment and Hawk’s unsecured bond would likely end up with no return whatsoever.

Extension was in both parties interest - now this is a pure bet on WeShop.

We might still get it today, have til 6pm to meet that recent deadline.

And to think if AS had got that 2024 raise away at £1 they’d have not been the groundswell to replace him with CC and we’d likely never have seen Avacta’s full potential realised as an extra year or so of fruitless Dx chasing would have left Avacta in a very difficult spot.

Amazing what a difference 35m shares difference has ended up making… I think we’d all happily take those extra shares to have Christina taking the company forward.

Well I’m not sure who the chosen few are because management are taking a good chunk of their salary in shares and are resolutely holding without selling any. Nick is building up quite a holding, how does he benefit so without making a success of ECR? If ECR fails all he’d have achieved is a salary equivalent to a mid-ranking civil servant not a fat cat CEO leading a publicly listed company for half a decade.

Simply writing FACT after a comment doesn’t actually make it a fact.