News is imminent imo. If you where an II, you would not invest in Avacta without assurance the Cytiva/BAMS tests work. Cytiva are likely asking Alistair how quickly he can supply the Affimers as their source material. Hence the expansion of the lab for £10m.
@Global - I was replying to the poster giving my reasons for the drop, part of which is the bilks of AIM. How did you know most people topped up? If you read the posts from earlier this week people were topping up at 160p. The lowest I could get in at after the placing was 130p. So would be interesting to hear how you justify most people topped up. Most people invested on this board probably lost out.
Disagree - likely insider dealing caused the fall because they knew of the placing. Any news concerning Cytiva/BAMS was likely withheld because of the placing. If there was no placing I am sure positive news would have been out by now.
Like EDR they desperately need Wressle to come into production which is likely to be in the autumn of this year based on the schedule. Hugh was full of it with his massive interest in the data room and we only really had one major which fell through. The Irish government falling for everything Greta says does not help matters either. I guess that is why they are spending money in Morocco. If they can achieve $15/bbl revenue from Wressle net of costs to produce and transfer then in one year EOG will have a decent cash pile.
RE: BPC Rig contract & future funding01 Jun 2020 09:13
@Welsh - I am all for someone putting an estimate together but some reality needs to be factored in here. Let's assume there is a commercial oil strike in 6-7 months time. Let's also assume the Oil is good quality i.e. around 35-45 API and is sweet with normal GOR and low or no water cut. Let's also say they use an FPSO with 50,000 bbl/d STO production. Work out annual revenues and profit from that and you will get something near a conservative SP. 1 billion barrels would take over 50 years to produce at 50kbbl/d production.
@RichKen - I wish your wife a speedy recovery. Your mind as I am sure it is should be focused on her alone. If you are a mate of Miles (Ia m not btw) ask him in his next update to detail the risks to Avacta's Covid-19 venture like any good analyst would.
RE: Will be a pound when drilling starts28 May 2020 21:29
Absolutely no way. My last drill was with PVR back in mid 2017. SP was between 15-18 p during the drill which gave PVT an MC of around 100 MM GBP. PVR had a farm in partner, Cairn. Unfortunately they did not hit the black stuff. Up to Spud and depending upon news SP could be anywhere between 6-10p depending on excitement and those willing to ramp BPC death. If you are going to make predictions at least look at the newbie peers in the game to substantiate your claims. Question is if you are already invested or about to, do you have the patience to wait for the spud and then the 4 months to hit TD on top of that? COS is around 28% so COF is 72%. GLA.