Member Info for JohnHenry

Company updated their website on the day of the Holdings RNS. No big deal.

However investors have already discounted the news so when an RNS is released SP will probably go down.

Portrait plus kit launch already priced in

I can only conclude that the Seimens MRI scanner at MU Health is an old model and doesnt require the latest POLX tech.

Interesting to note the Seimens MRI machine used at MU Health.

Im guessing the chest coil has been developed for Seimens with FDA approval ????

It does appear Griffiths and Baumgardner have FU trying to penny pinch.

Unfortunately theres is no infrastructure for OIL.

Which is disappointing

"The Company has opened exploratory discussions with a group focussed on the downstream energy business to potentially sell its share of gas produced at the well head subject to an approved CNG development plan

And Now

CNG to be purchased at the point of delivery of the gas to the CNG trailers

Patch we have a hopefully date for testing of January.

However past records will show this is unlikely to be met.

3 day rule when thinking about buying when negative news is delivered

Getting punished for the continual delays.

MOU1 Testing now more than 6 months delayed from original plan. Diabolical.

Appears to have caught up with them, saves money but causing huge delays.

Griffiths said they would appraise the Jurassic this year.

Now its H2 2024.

No wonder the SP is where it is absolutely no faith in management delivering.

Im guessing the MOU was a requirement for application of a Exploitation Concession

The number of metres to be tested has been substantially reduced.

PRD is funded for rigless testing and two drills MOU1 and MOU3

In the Predator world there will always something to cause delays.

Looks like Griffiths was a little sparing with the truth in the previous RNS as to why they hadnt started the Rigless testing.

If you listen to Amati, they have very much a face to face approach with the companies they invest in,.

i have no doubt Amati would have been in Dialogue with POLX.

And probably informed them of their intent to sell ( what percentage we do not know)

Henley2 Amati may have done but there are No takers.

Imho i dont think they will sell completely out just trimming their weighting.

However the timing does seem a little thoughtless.

Imho there may have been a clash on company direction between Amati and the new CEO