Member Info for jdt1990

https://twitter.com/KatoroGoldplc/status/1380125022774308867

Mzee I don't think anyone questions the potential of the projects KAT has in its portfolio. The problem is the ineptitude of the people running this company to get those project off the grounds whilst keeping shareholders best interests in mind. It's very telling that LC never has any "skin in the game" when it comes to the companies he runs. Which leaves him free to raise capital left right and centre, diluting shareholders but not impacting him as he has minimal shareholdings. (You look at companies like GRL where the BOD hold 50% of issued share cap - equity rises are a last resort.

£7 mkt cap for what KAT has beggars belief but it's a representation that the market doesn't think they will ever get any of it out of the ground.

KAT has ZERO revenue - but money going out of the door be that salaries or funding a drill programme. The company knew what they needed to do here but had no foresight to build a string balance sheet. LC literally gave away Imweru for a NSR (which is years away from providing revenue to KAT) and a tiny cash payment, again in the future. Plain stupid, should have used that sale to provide near term capital.
If they could have got their arses in gear, Blyvoor would be producing gold by now to fund these projects. It's a relatively simple tailings project, not an underground mine!

The worry for me is not the economic viability of projects but the fact they can't progress anything to revenue generating stages so run to the market for funds time and time again. The poor sods who took part in the Dec raise at 3p are 50% down.
Then you look at the terms of these placings. They issue warrants like there is no tomorrow! More potential dilution.
"·Should all 117,066,666 warrants (including Financing Warrants) be exercised, the Company would receive an additional £3,087,000 in cash inflow which would provide a significant additional cash runway for the Company;"

There is 30% of the current issued shares in outstanding warrants. The upside here from £7m mkt cap is significant. However, being diluted to oblivion in the quest to get these projects of the ground is my biggest concern. That dilution eats away at the upside. Still upside for me here but I will be keeping a beady eye on what this scumbag does in terms of funding this diamond drill programme....he has form!

I agree CF and he is buying this stock on the open market not being granted discounted options or placing shares etc. He must see something of value here.

Tongue in cheek response to your comment "You wouldn't do it, especially at this stage, unless you were confident of a good return."
On the face of it he already stands to make a good return on this bloody directors loan with it's 30% coupon on his $350k. This is what needs clearing up for me now, especially being associated Hannos brother's little side project. Puts me slightly on edge!

TEMPLAR - You are wrong.....have a read
https://yourtenderteam.co.uk/contracts/lateral-flow-dynamic-purchasing-system-dps/
"Whilst the initial response date for
applications to join is the 07/04/2021,
potential providers may join the DPS at any
time up to the date the DPS expires so long
as the potential provider meets the criteria
stated in the procurement documents found on this Contract Finder Notice as well as on Atamis, the appointed e-sourcing platform (http://health.atamis.co.uk)."

Can’t be arsed typing it all again on here but I wouldn’t rule out Medusa manufacturing for Avct. Rationale in tweets below (one mine and other cellar boys)
https://mobile.twitter.com/YorkshirPuddin/status/1379888508245057538
https://mobile.twitter.com/boy_cellar/status/1379890172859404302

Hmm JRDC - nobody is saying dont get vaccinated just there is a greater risk v reward ratio for AZ in under 30s. Think it’s the right move.

Plane crashes are very rare - people don’t stop flying. But if you knew an airline had a poor safety record compared to another going to your destination - which would you choose?

Where do you see deramping? Yes this was part of the process but yet again the RNS is so vague. “We’ve done the drilling and seen the results (but we’re not really going to tell you much about them) just tell you that we’ll be continuing to the next stage which is some deeper drilling.....well let you know a plan for that ‘shortly’.
That’s all well and good but diamond core drilling is not cheap like RAB.
How do they expect to pay for that when in reality we should have had Blyvoor funding done and dusted donkeys ago and that producing revenue to fund this?
No deramping. Just facts! Unless you can tell me you categorically disagree with anything I have said above?
I’m in Kibo and have seen it all before. The man couldn’t finish his dinner never find a project.
The only thing keeping me here is the £7m mkt cap v project economics and the fact POW are involved in haneti who are much more professional outfit.

Sh*t RNS! Zero detail, zero timelines - just so nonchalant as if shareholders are a secondary concern to keep informed.
When's the placing to pay for this diamond drilling going to be....place your bets?
Zero incoming funds from Blyvoor to fund it.
This man is a crook - plain and simple.

Seconded from me - would be great if you could post anything you get back from Pimlico (or even NCCL themselves) on this loan.
Just seems to be smoke and mirrors to me and as GGG says, on the face of it looks very very dodgy!

Vatic nothing to do with us it’s an Oxford based startup. They have a 15min saliva test CE marked, CVd and 91.4/99.9 S&S (not sure on what sample size).
https://www.knownow.com/

Derek you posted this in Mar. Not sure how much credibility I give you on this tbh. Gov have very clearly stated AN sampling is the method of choice. Avct have an AN test so why would they suddenly go all in on saliva which is bottom of that Gov list of 3 methods?
“Derekshf
Posted in: AVCT
Posts: 4
Price: 199.00
No Opinion
RE: Pre Production ?07 Mar 2021 07:42
Just a little post Poron Down has passed this test months ago it is the quickest test they have researched, the reason I know is I have family who have worked on it and I live in the village and know others, sit tight it's about to come through“

6 April 2021
Updates to the self-testing section with links to more detail on the CE mark, UKCA mark and MHRA exemptions from medical devices regulations.

5 March 2021
Update on sample types required for validation of lateral flow devices.

8 February 2021
First published.

Sadly AVCT holders cant correct him as he's blocked everyone who dared to question his beloved PCR agenda

I still think Medusa could have a big part to play in the saliva test:
From their website:
"Medusa 19 is also exploring a number of complementary tests and diagnostic products to distribute, and earlier this year entered an exclusive distribution agreement with Avacta Group plc for direct-to-consumer sales of a saliva-based antigen test. It will utilise its infrastructure to distribute these products worldwide as and when available."

They also made it known in Dec that they were investing to scale up to 50m per month capacity. Could they be another manufacturer not just distributor?
https://www.thebusinessdesk.com/northwest/news/2070781-covid-19-testing-firm-invests-20m-to-ramp-up-kit-production

Boris and co have done nothing but mess us around.
CE mark is key to being able to sell in Europe.
Demand > supply
They are no doubt interested but want it for rock bottom prices.
Boris and co can get in the queue just like everyone else. Avct aren’t a charity, sell our capacity to the highest bidders.
Or give them the reagents/licensing to produce them in a white label test and keep Avcts AffiDx capacity for Europe where they will pay more than £5 per test!

Visainn. I think you need to get your head out of this UK govt is everything train of thought and we are dependent on them in any way.
The fact AS is waiting for a larger scale CV for CE mark (as he could have done it on the 56 samples) shows he is clearly after Europe - not hanging onto the coat tails of the govt. They are just one potential customer as AS has said himself!

Kong - Innova / surescreen / Mologic all have CE marks. They are CE marks for professional use only.

The govt got around this for Innova by basically putting MHRA branding on it and giving it a side door for home use

Sure they asked Deeks for his input into that article Larsh! He wrote it with his PCR hard on

We've got far too much good stuff going on to have our name dragged through the mud with all this!

Another reason for AVCT to just stay out of this sh*t show UK govt circus and sell to Europe for twice the price.