Member Info for HarChris

A few recent actions suggest to me that De Wit and Theo are slowly sidelining him.

The warrants are a necessary evil and have brought cash to the company at an important time so they aren't all bad.

I make it 72m of 133m exercised. Seeing as there is still 18 months to execute and the share price isn't all that much higher than the 1p strike price this might be it for a little while now.

Yes they hold 969k shares directly so $59m worth as of today.

WeCap owns just shy of 1.3m for reference.

I guess it's mainly affecting sentiment which in such low liquidity stocks (talking AIM and UK small caps in general) that moves prices enormously.

Still, when it comes to the trickier part, the securing of large project finance, the stronger the gold environment the more certain that becomes and on the best terms possible so the gold price (and especially the 2-3 year outlook) is important and relevant.

Yeah, the point of the post is to highlight how pointless Hawk playing hardball would be, we’ll likely end up in the same position but with lawyers involved and an enormous amount of bad blood.

My way of showing that an 6-12 month extension is without doubt the most likely outcome.

https ://****/ +i5b4aro8civjngq0

maybe that will work if you delete the spaces.

i think this will do it *************+i5b4aro8civjngq0

The AIM market is in a far healthier place than it has been for years. In early 2024 a number of factors came together to cause the 50p raise - management simply hadn't planned for it because the deal that was being worked at the back end of 2023 fell through, secondly we were still limping along with cohort after cohort in 1a in a drug that at best was likely to be approved for a couple of relatively niche indications and in addition the lack of liquidity in small caps meant raising such a large sum of cash was challenging to say the least. And yet still it was considered such a failure as to drive Alastair, the company founder, out of the business.

Anyone that thinks Avacta under Christina and Richard's guidance, well through 1b and with the first patient dosed in ava6103 (a drug with a far, far greater addressable market) is going to end up raising below that failure of a 2024 raise isn't a savvy investor or trader.

Justin mentions 4p warrants here, there’s actually only a tiny amount at 4p, all the rest are way higher, 8p+ … so the situation is even better than he states.

With consistent news and a tailwind that 8p hopefully comes quickly into focus.

As I pointed out on telegram this is a very unique situation. As the bond isn’t secured against the shares even if Hawk demanded their repayment once maturity is due in May (unlikely) they wouldn't get it because WeCap don’t have it - what then likely happens is an administrator takes control and looks at the best option for recovering Hawk’s debt… and its hold out a few more months to allow WeCap to liquidate some of its WSHP shares…

The job of an administrator isn’t to recover a lenders cash immediately, it’s to recover as much as possible.

So IF Hawk won’t renegotiate and IF no new loan with a new lender is sorted to pay off Hawk then we will still end up in the same place - administrators will see a raise to pay off loan isn’t viable and will decide best course of action is to liquidate WSHP shares when able to a few months later.

They are trying to convinced themselves as much as others, repeat anything enough times and you’ll start to believe it.

People who post their predictions numerous times a day are not confident in those predictions, it’s as simple as that.

It’s not rich Saint because I’m not the one begging others not to engage, I don’t think they have any influence whatsoever but the way many act on here must give them a really feeling of satisfaction. Imagine wanting to have influence and seeing posters imploring others not to engage with them, isn’t that proof to them that they’re achieving said aim?

If you personally think engaging is damaging the best you can do is not add to the problem, put out some Avacta related info and send their messages further down the page - the worst you can do is bring further attention to them.

I personally find the most negative posters a helpful bellwether, when their honed narrative crumbles to prices when interrogated it gives me confidence in my own investment case.

I bet if you and the seven or so other posters that kept clogging up the board telling others not to engage with said individuals the BB would actually be much better overall. You guys are giving them more oxygen than anyone else.

Despite the timing of the loan maturity there is no way that shareholders lose money below about 3p as long as WeCap is able to sell its shares in WSHP for around $30 a share come the end of the year.

Focus on WSHP share price and progress and as long as it’s positive there will be plenty of options come May.

That is such a basic level of undertanding.

That *might* happen, but the same was said early last year when there were no obvious catalysts before the cash was to run out (remember Wyn's 10p placing is possible) and Heights was decimating the share price - assumption was that it would just trickle down and yet out of the blue Hughes-led sentiment shift happened and SP went on to rise from 30p to 80p.

There are far more potential catalysts between now and July/Aug than there was in March. And we're getting TNBC data in H1, actually.

I'm just as confident as you that the share price is at or near its low now at 50p.

You 'play the odds' if you're that sort of trader when a placing is closing in on you ie when cash is close to running out - six months out with your biggest dataset in hand with time for partnerships to land from that data, more to come (TNBC) and your most exciting drug entering clinic and all the positive sentiment that should with that and when the share price has already rolled right back 35-40% isn't playing the odds, it's just being uber cautious.

Go with this one, very recent and covers most aspects of the business https://thatstocksguy.substack.com/p/andrada-mining

Exactly one year ago when NEO was last suspended the uranium price was $75/lb and the gold price was $2850/oz so that's a 33% and 71% rise respectively - I think NEO is in a healthy place.

Not to mention access to the high grade ore at Goantagab, one extra potential transformational catalyst that could easily go Andrada’s way later this year.