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The new gear one was OK, but the trucks being loaded on the Hill, to be sent to the Lab, to test for high grade open pit potential was much better!

You could also read into the tweets on Sunday, re the Geo's being on fire and the company was also "buzzing", as well as the guy that spotted the Caracal in the UK.

DYOR

Comments from the other Hall(Paul) today...

"So from an investor perspective - is this momentum sustainable & why is it happening now?

Well there are several factors at play.

Not least due to the pandemic, healthcare has witnessed a secular re-acceleration of ‘drug discovery’, that should help propel the industry into a ‘golden age of innovation’. Here these new advances require the world’s best R&D (eg from the likes of Oncimmune) in order to rapidly bring them to market.

Equally the £9m fund raise in Mar’21, enabled Oncimmune to ramp up commercial activities (eg US) & processing capacity (in Dortmund).

Meaning that together, #ONC has reached an inflexion point. Whereby client demand continues to build, alongside much higher & faster sample processing. A perfect recipe given the estimated 80%+ gross margins generated by #ImmunoINSIGHTS.

In terms of the numbers, Singer Capital Markets are forecasting FY22 adjusted EBITDA of £2.2m (vs -£3.4m LY) on sales of £12.1m (£3.7m LY). Climbing to £15.5m & £4.1m respectively 12 months later, reflecting the group's favourable operating leverage & IP rich science.

Plus in the event of a takeover, I estimate the stock would attract a 4x ‘R&D investment’ multiple (vs 4x Grail & Thrive >5x). Which based on c. £70m spent already on the biobank/tech platform, might generate a theoretical £280m valuation, or circa 400p/share vs 160p today."

https://www.linkedin.com/posts/paul-hill-a5994116_onc-immunoinsights-keytruda-activity-6878975378770190337-tdox

AG,
You forgot the pics of them bulk sampling for open pit potential on the Kili hill. Open pit is so much cheaper than underground mining!

That high grade vein they were measuring with a tape measure looks a lot wider than the high grade veins reported in the CPR. No wonder they are testing open pit potential on the Hill.

And potentially a few more the last 10 days(unless they sold some! ;-) )

https://ibb.co/7JpStvf

UBS mopping them up again!

ONC website updated today with UBS holding increasing from 2,843,288 (30th Sep) to 4,056,825(30th Nov) and be 3rd largest shareholder now. An increase of 1,213,537.

My uploaded 30th Sep screen grab
https://ibb.co/ydcq7pR

My uploaded 30th Nov screen grab(today)
https://ibb.co/k5hb8FJ

https://oncimmune.com/investors/shareholder-analysis

*could've

It's a shame the SP never went to a more realistic value level, so that the warrant holders couldn't exercised them at 2.5p. Those will raise £9,388,995 and wouldn't saved them needing to issue shares for the £5m of working capital. Still, those monies will come at some point.

I have not included future share considerations and the contingent number, so it's a initial number. But agree with you, it's impossible to work out a correct number with what we've been given so far.

Suggins.
The 166,903,343 shares are detailed under "6. Issue of Equity" of the RNS, part going to Goldplat, as Goldplat have subsequently decided to take the outstanding liability of $450,000 in shares instead of cash they were owned(See RTO prospectus). Clearly Goldplat see more value in shares, as apposed to cash and so have increased their holding. Part of those shares issues also went to the Rig Vendors. The rigs were bought part 50/50 cash/shares

So that brings the shares in issue to 1,615,332,001, as mentioned in the next paragraph.

From my Spreadsheet, using VSA capital's conservative 0.1275 sp for both CLN and Shares to vendors, but as I said firmer numbers would be nice to reduce the extra shares.

Shares now 1,615,332,001
Mgmt incentives 300,000,000
Warrants 375,559,807
Fully Diluted 2,290,891,808

Extra shares 570,409,982

Total 2,861,301,790

Suggins,
Sorry, I read it as you. Conservative price of 1.275 for CLN, unknown for the $3m.
I've done my spreadsheet, but too many variables to make it of any use.

There's also more detail of drilling grades in the other PL's in the Manas presentation, which caracal omitted for the likes of Nyakasuma and Regdate.

Maybe they thought the audience were bored with reading wide high grade drill results by then? ;-)

Suggins,

I'm very well clued up on these licences and their history. I gave hints on 19th Oct based on Jason's visit pics! ;-) Rampers got more recommendations at the time, than my posts.

If you look at the following Manas Resources presentation, who tried to buy Nyakafuru, but failed due to known govt issues, you'll see that the Nyakafuru reefs are not part of the PL you refer to.

https://www.asx.com.au/asxpdf/20170207/pdf/43ftlsbt6g5bvp.pdf

Spinifex also had it prior to Resolute, see https://www.asx.com.au/asxpdf/20030930/pdf/3j6kq2wzhwtp2.pdf

Why Spinifex had a higher grade resource? Maybe Resolute we're doing a larger open pit? But Manas saw potential to increase grade and so do Caracal!

BTW, all share based price SP will be defined later, not today/tomorrow.

"Best interview of the day for me"

Nah, this subsequent one beats that earlier one ;-)

https://twitter.com/i/broadcasts/1YpJkZPBOWBGj

" How will they afford the above statement??" - They've already mentioned many times, that they would look for a US listing to fund this. I assume you're not so up to speed now you're not a holder, although they have been saying this for a good year now.

I did ask for him to reply here(is he a holder?), but as nothing yet, here's what he said after my comment

"Because I missed the part where it states that the right to convert into equity is at a fixed share price, so no drama actually, death spiral occurs when there is no fixed convertible price, and the equity is continually issued at further discounted prices. We’re okay here."

I've already corrected him on the Telegram grp

"You missed off the whole comment. really need to add the full text, to it put in context. ie "with drawings made by the Company upon key milestones being achieved at the Nyakafuru Project. The Facility has terms and conditions that are standard for facilities of this nature and includes rights to convert into equity at a fixed share price."

"key milestones being achieved", not monthly drawdown"

Most of the companies out there start as explorers, hoping to find something based on Geophysics, as it's rare to have outcropping mineralisation. Not here, outcropping veins on the Hill and atrisinal work everywhere in the Sz.

Anyone spot the Twitter comment a couple of days ago where they are doing bulk sampling on the hill to test the veins for open pitable resources? Would be a lot cheaper doing open pit on the hill than underground mining, within the existing mining licence.

Anyway, back to my original point...those explorers hope to find an economic resource and then hope to fund it, whilst also having zero experience of mine construction, maintenance and production.

Here we're the opposite; proved in the later, with
A lot of the bod proven as fund raisers for mines(especially Jason in Tanzania...look for clues!!!)...now they need to prove ourselves as explorers.

2 + 2 = 4

Quote "These acquisitions, you'll see them announced very very quickly, will clearly show exactly where we are trying to get to; getting our resources up above 2Moz through acquisitions and also through another 2Moz through our exploration activities"

They've also mentioned that existing shareholders would be utilised, via a private placing, if funds were needed.

You got to be in it, to win it ;-)

All the clues were their in Jason's Tanz trip Twitter pics, as per my comments before.

DYOR