Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
On the subject of the Board - it’s not really for AN to be driving change - I would expect the pressure to come from the big institutional shareholders and the advisors. The board report to the shareholders and should be holding the management to account - not the other way around.
Having said that up to now the board has been kept small, cheap and probably compliant, similarly the senior management. A policy I approve of in a pre-commercial business. Let’s hope that now changes.
Fevertreeman - the comments re the NEDs have some validity - I too would like to see a refresh.
Otherwise its a very pessimistic view from someone who professes to be a holder of 10 years - if I felt the same I would have sold by now - even if I was waiting for the FDA news - then would have clearly been the opportunity to sell. Why do you still hold ?
And why start commenting now ? I’ve been consistently invested for 8 years and I don’t recall ever seeing you post on the AGL board before (I could be wrong but if you say you have then I will trawl your 4 year posting history and call you out.
AN didn’t explicitly say no need for a cash raise but anyway, you surely know the score, if he had been upfront and said, ‘yes there’s a cash raise coming soon’ the SP would have dropped like a stone.
Another £20m has bought AN time and hopefully we will see a beefing up of the commercial team now that Parsortix has the credibility that the FDA clearance brings.
Whether, ultimately, AN delivers only time will tell but I don’t see the risk of a cents in the $ takeout on the cheap anytime soon.
For one thing there would be a long queue of suitors and there are enough pro investors on the shareholders list to ensure the business doesn’t go down the pan.
Sarah. I’m very comfortable with my long. The ‘market’ is fickle, today is another day and time will tell.
All my investments are in either SIPP or ISA and so shorting is not something I do.
I’m not against shorting per se but in the current environment I think the targeting of a business like Angle is unhealthy and morally questionable.
I don’t have a problem with Fevertreeman for example who argues a point of view - albeit one with which I disagree.
What I find distasteful are the smug ‘look at me making money whilst you lose it’ posts from yourself.
Fevertreeman - you clearly haven’t seen/listened to the most recent interviews. Collaboration and large pocket med tech support is exactly what AN was touting as critical to the path to monetising Parsortix. His words are very similar to your own.
As for the ‘plans’ - prior to the FDA clearance Angle already established the clinical Labs as revenue generators in their own right with Pharma services contracts up and running and Laboratory developed tests in the pipeline pending CLIA clearance. But critically they will also act as demonstrators - proof of concept that will help the adoption of Parsortix in the clinical setting.
I am impressed with the approach - multiple target revenue streams and leveraging collaboration with pharma/med tech to fund growth rather than trying to fund it themselves. (Yes I know they did just raise cash with 10% dilution)
Your doom and gloom is not justified and certainly not welcome given the poor quality of your analysis.
Just think it thru - your numbers are nonsense - the economics of the testing is in the public domain and you’re plucking $20 per test out of thin air. But then with such seemingly complex analysis and only three posts to your name we can either deduce idiot or shorter. Quite straightforward.
It’s amazing how quickly sentiment changes on these boards. Only a few weeks ago we were waiting nervously for what (we thought) would be transformative news - FDA clearance (de novo) for a ground breaking device and process giving angle first mover advantage in a vast new market.
So what happened ? FDA clearance achieved and suddenly AN is useless, the board useless and no prospect of commercialisation ??
I agree the NEDs need refreshing and AN is probably doing too much. But I don’t agree with some of the highly negative views being posted here.
The problem is most people who post and read here were hoping to cash in on the FDA news and the smart ones (with hindsight) sold at £1.50 ish. Those that didn’t are now very grumpy and can’t see beyond their short term paper losses (or missed profits).
Add to that the horrible ‘risk off’ stock market conditions and we are where we are.
I’ve added twice since FDA news - wished I’d waited obviously but I’m relaxed and I’m not drawing my pension yet so there’s more than enough time for AGL to build a multi billion $ business and I’m confident they will.
One thing I’m not confident about is the Ovarian cancer trial - I’m very sceptical about the delay and I’m assuming the news is not conclusive at best. I’m prepared for that. Hope I’m wrong.
‘nothing to indicate how this now FDA approved kit will be commercialised was the problem’
I think AN in his presentation and interviews make it very clear how they plan to commercialise Parsortix. It’s not going to be instant is maybe the problem.
Notrac. The last placing was on 25th June 2021. £20m raised at 116p which was a 7%?discount to the then SP.
It’s currently a pretty crap market to be raising cash but at only 10% dilution I’m not too concerned.
It ought to keep them going whilst they build
So, this 18/19c colonial behaviour is your justification for Russia’s current behaviour ?
How does that work - you did it so stop complaining when ‘we’ do it ?
I thought it was about the Nazis ? No wait, it was the US wot started it ….
And you call me a sheep ! You just wheel out exactly the same lines, verbatim in places, that you can see all over the internet. You even have the articles to hand ready to copy-paste.
I will admit though that I can’t tell if you’re a perp or a victim….
Anyway. Shall we agree to stop discussing the War in Ukraine and stick to RR ?
Seems the US market not particularly fazed by the inflation numbers - structural pressures on prices either flattening or reversing (eg POO) will hopefully bring down inflation very quickly.
Convb, You have a very ill mannered way of speaking to people.
I don’t know how far the US were involved in the events of 2014 (coup or revolution) but I accept they would have been trying to influence. The fact is the protests began when Yanukovich changed his mind (under pressure from R) about aligning more closely with the EU which was clearly what most Ukrainians desired.
When (the whole of) Ukraine voted for independence in 1991 90% said yes with an 84% turnout. Like it or not Ukrainians do not want to be part of Russia. This is the pertinent issue for me.
Anyway, apologies to the rest of the board, I can’t resist calling out nonsense, particularly when it comes from such an arrogant and rude source. I’ll shut up now.
Convb, so you can copy-paste !!
I’m familiar with John Pilger’s views - I don’t agree with him, he’s not mainstream and this ‘opinion’ piece was from 8 years ago. Zelensky is not a neo-nazi and the far right in Ukraine are not a significant political force.
Pilger is based in Britain and is free to say whatever he likes, within the law.
Hunter Biden worked for Burisma and made lots of cash - almost certainly because they thought they could buy influence. It’s not in dispute but the amount of BS that we are supposed to believe is also true because of is just silly.
Your copy-pasting of Kremlin PR is supposed to shut me up I guess ? I don’t know where you normally hang out online but does one copy-pasted article usually work ?
Convb,
Current inflation pressures started long before Russia’s invasion of Ukraine and energy and food prices are excluded from the core inflation number - which is what drives the Fed’s decision making.
Zelensky was only elected in 2019 with a mandate to reduce corruption - as rife in Ukraine due to Russian influence as it is in Russia itself.
The puppet was Putins and he was removed In 2014.
The majority of Ukrainians are clearly in favour of reducing Russian influence and crave a society more like their European neighbours.
Yes, there are ethnic Russians and Russian speaking Ukrainians in the east who would rather be part of Russia but it’s not clear that they were a majority even in the east. Not that they were given any choice.
Why it is you push Kremlin PR on this board ?
Bot bot - the story about Rishi’s wife was never about her hiding money from the taxman. She was claiming Non-Dom status and as such not paying UK tax on her worldwide earnings. Her tax status was declared correctly and there is no suggestion that the Sunaks were doing anything illegal. Rishi’s problem is political the story is about whether this is appropriate for the Wife of the British Chancellor of the exchequer. I would say it isn’t and I suspect most would agree.