Member Info for highlandmatt

Maybe the aim is to get the infrastructure in place, then build the renewables?

Tanzania. Ask Aminex and Scirocco.

From my understanding of the well design, it had 3 main targets - first exploration, second appraisal of existing discovery, third exploration. We've missed the first, but hit the second (which was more important). Seems an overreaction to me.

Solid results. Cash balance and dividend maintained. Yield now over 10%.

This is still a lab test, albeit one now designed to run fast on a machine.

Progress is progress. The company is going in the right direction, has developed something that hopefully will improve the world, and is moving to commerciality. Let's celebrate that.

Cheers Donalb. One to keep the conspiracy theory nuts awake tonight.

Fare more likely is the 100's of millions of placing shares being dumped.

Far mo

...already got the first producing well...

I think you misunderstand me Chesh.

Sirius was horrible to watch from the outside. TV crews interviewing retired miners that had plonked their life savings in hoping it would revive the area.

Still blocks of 250k being churned.

There's also some big block 500k share sells. Presumably the placing shares still being churned in to the news, providing liquidity.

From RNS 17 Jun

Cizzle received an up-front payment of US$100,000 as a non-refundable fee to grant BIO an exclusive negotiating period of 120 days from the signing of the MoU on 1 April 2024.

• It is anticipated that the binding agreement, together with an initial royalty payment of US$300,000, will be completed within this 120 day period and will grant BIO an exclusive licence to develop and market clinical diagnostic assays based on the CIZ1B biomarker to facilitate the early detection of lung cancer in North America.

• Minimum advance royalty payments of US$2.3 million, as part of the 10% royalty to be paid on gross revenues minus taxes, are due over a period of 30 months following signing of a binding agreement.

• On completion of the binding agreement, Cizzle will own 10% of BIO for no cash consideration.

• Cizzle has been selected by a major cancer centre in the US to evaluate CIZ1B testing as part of an important clinical study, to confirm whether lung nodules identified by CT scanning are positive for the CIZ1B biomarker.

• BIO expects to register its first US CLIA (Clinical Laboratory Improvement Amendments) accredited lab with the FDA (US Food and Drug Administration) for the CIZ1B LDT test in September 2024

• BIO plan to achieve CLIA Certification for the LDT test in November 2024, with insurer reimbursement code achievement and full product launch April 2025.

From RNS 25 July

BIO has been successful with its initial investment round and has requested a 60-day extension to the completion of the binding legal agreement with Cizzle, as envisaged under the MoU, to enable BIO to complete on additional strategic investment that has been proposed. As Cizzle will be granted a 10% stake in BIO, for no cash consideration on closing, the Cizzle Directors believe that allowing for the extension will increase the value of the Company's stake in BIO and with access to greater funds BIO will be able to accelerate the deployment of its go to market strategy for the Company's CIZ1B biomarker test. Cizzle has therefore agreed to the 60-day extension. There are no other amendments to the terms of the MoU, detailed in the announcement on 2 April 2024, or amendments to BIO's planned timetable of key milestones for bringing the Company's CIZ1B biomarker test to market, as outlined in the Company's announcement on 17 June 2024.

So, expecting first lab accreditation, and closure of Ciz Bio deal this month....

Sorry.

Does look like the places couldn't resist 25% instant return, and are not holding as was thought they might. Just got to let it churn now.

Does look lik

PG has intimated that success would trigger a corporate transaction if the price was right. Options include prepayment from AG, or selling a % stake in the subsidiary company.

Directors change over time, or events / decisions taken since you buy in, can change your view.

Get the positive Basement EWT results, drop the initial RNS, SP goes up, arrange placing. 🙏