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"According to the Telegraph Michael Gove is in discussions with a Danish company about the development of a covid app to be ready by September."
This will be Netcompany:-
https://www.netcompany.com/en-GB
and is an example of the type of large established companiy every government will use for a domestic vaccine app. Netcompany are already tipped to be the supplier of the EEC app.
CTEA will not get anywhere near any government contract. Imagine the negative press if such an important app did not work correctly and it had been awarded to a company like CTEA with no offices, no income, and no experience of operating any app for more than a few hundred people in their tests.
Why do you think CTEA can beat Netcompany to the vaccine passport app market?
Have you seen one single press article or release to say that CTEA specifically has a "vaccine passport app" ready to go? I haven't.
And do you seriously think CTEA, an AIM company with no signficant staff or offices and no revenue producing contracts, can compete with a company like Netcompany:-
https://www.netcompany.com/en-GB
or with the UK NHS app, which is already being worked on to become a vaccine passport app IF the UK decides it is needed.
As regards an international travel passport app, CTEA are not in the running for that anywhere. Every major airline in the world is already adaptingand testing their own online check-in apps to securely hold vaccination and/or test result details, plus paper copies will be accepted as a back up anyway.
CTEA's only hope for any contract related to vaccine apps will be with private companies who want secure admittance to their offices for their staff. But companies will not adopt anything unless they are legally obligated to, and there are many offices that already have staff back working in them without using any admittance apps.
CTEA were ahead of the market on this a year ago, but basically did not have the selling skills to get anywhere with it.
I think you are correct about another can kicker, but it may have more detail in it than previously.
As per AT's email to Marcus yesterday " If it isnt released today then it will be soon. They are finalising the technical update."
So its technical details that are holding it up, rather than (it appears) negotiations with anyone.
"The calls for board resignations will also be deafening..."
Difficult when the Chairman is also the biggest shareholder, but I take your point completely.
Either something is brewing, or it is appalling shareholder relations. The latter is surprising, as AT has always been very good at that.
If its any slight consolation, exactly the same paragraphs were in last year's annual report too:-
https://www.lse.co.uk/rns/KP2/financial-report-for-year-ended-31-december-2019-o2gvbci0mrsap5z.html
KP2 have had to raise money in each of the last few years. 2021/22 will be no exception. Fortunately they have major shareholders willing to add to their holding each time, although that of course dilutes us small shareholders.
They are definitely not "in trouble" however. Unless Brad and the board drag things out even longer, and the government take away the licence! May's costings report will decide that.
Natham - You could just as easily say "why are there rampers"!
No. I was just expressing my personal disapointed at the lasck of progress since Brad was appointed just under three years ago. The government were disapointed too - which is why they sent an official letter to KP2 last December basically telling them to get moving or lose their licence.
I'm not doubting the potential of KP2, and I am here for the long haul. I just have personal doubts about the leadership.
Lets see what the update says when the costing exercise on the DX EPP is concluded in May. That is the important one. If they can't get the DX project off the ground, its hard to see how they will ever find the financing to do the full Kola project.
In the meantime, the occasional spikes on the ASX are more than interesting...
I've been invested here for over three years. Brad has never filled me with confidence, and always seems to me as a CEO who just wants his salary to go on for as long as possible.
I do hope I'm wrong of course, and things finally start moving. However I have always been puzzled as to why it took them so many years to start costing an EPP, when it was clearly an obvious option several years ago when the huge cost of the main project was finalised.
The total lack of dealings in this share just prior to a scheduled update just shows how interest has totally fallen away recently. Even a year ago, there would have been a host of speculative buys leading up to the RNS hoping for positive news.
However after so many can kicking RNS' and AT's total silence the past 4-5 months, we are further below the radar than we ever have been.
Let's hope we do at least get the promised update tomorrow. KP2 are also supposed to update tomorrow too on their EPP, but today's letter to the ASX about the share price rise on the Oz Exchange seems to indicate they will not be ready to update.
I do hope the management of ZIOC is not descending to the quality of KP2's. Both are exciting and enormous resources that need strong leadership to realise their potential.
The ASX rise was probably because news was supposed to be due by tomorrow on the costings of the EPP.
Brad's letter to the ASX seems to indicate the update will not be ready, which is typical of KP2. Huge resource and terrific prospects, hampered by poor leadership.
"Due to the current COVID-19 situation, the Company will be unable to post its annual audited accounts"
The question should be asked - "why".
With no revenue in the year in question, the cleaning lady could have prepared the accounts. They are hardly complicated after all.
Absolutely no legitimate reason why they could not have been prepared and submitted in time. Beware.
ZIOC are also updating this week on the Zanaga iron ore project. With elections out of the way, lets hope both companies have some positive news for investors and the country.
Having said that, KP2 are not the best administered company, so it wouldn't surprise me if they miss their own update date.
Excellent research on the articles, Extrader. Good to see at least some references to Zanaga and Glencore in press reports coming out of the country, even if they are short on direct information.
"You can't sell stuff that you're not producing....unless you have an off-take agreement in place." I still think that is the big stumbling block - Glencore want an offtake agrreement to go along with any proposal. Potential buyers do not.
As reagards CODIC potentially taking a minority interest in ZIOC, I have a feeling that is what is being worked on by AT. That is, developing the mine rather than an outright sale.
I don't recall AT or an RNS mentioning at any time that we have had any direct approach to buy ZIOC. Everything has always been about approaches to invest.
Hopefully next week's update will give us some positive guidance on where this is all going.
Zero anticipation in the market for the update on the 31st March. Share movement this week has been neglible to virtually non existent.
If good news was on the way, you would have thought even a minor leak would have triggered some moderate buying. Makes me think, sadly, it will be yet another can kicker. Sincerely hope I'm wrong.
AT's silence is positive in my view, unless he is now as frustrated as the rest of us.
"we will be reporting on the certification group (of which Catenea are a part of) "
tuvok - that statement is incorrect. CTEA have been invited to contribute to a government consultation on Digital ID. They are not part of any government group on vaccine passports, and have never claimed to be.
I would not waste your time, Mje. This has been a pump and dump share this past year, and will continue to be that. Most of the pumpers have moved on for now, leaving a few dreamers who actually think CTEA will get a government contract when there are dozens of other far more experienced and highly rated companies that already have working apps for both digital travel passports and domestic vaccine passports (if the latter is ever needed).
The blockchain aspect is irrelevent anyway - it will not be an important aspect of either type of vaccine passport. For international travel, countries (for example the EEC) have already said they will accept paper versions.
Not that CTEA have any unique blockchain experience anyway, just as you say.
JAdam will reply with his usual list of what CTEA have vaguely claimed they are involved in - without anything from CTEA that substantiates either results of their trials, a definite contract from any of them, or - gasp - any actual income materialising.
What is everybody's views on the continued silence? I don't think I can ever recall a period as long as this when AT does not respond to emails or phone messages.
To my mind it can only mean either AT is no longer working for ZIOC (but surely that would have to be RNS'd?), or something is happening that is so sensitive he has been instructed not to communicate with investors at all.
The lack of, or delayed, updates via a ZIOC RNS we are all very used to, but the silence from AT is far more unusual in my opinion.
Good to see the influx of newbies and rampers. They will all of course be gone by Friday.
Lots of crossover today with KP2 I think, and both ZIOC and KP2 being in today's top risers has brought about all the small buys in each.
Both ZIOC and KP2 are terrific long term holds, but the rises will not be retained without news - which is overdue on ZIOC and is due at the end of the month on KP2. Both updates costings related however (as far as we know......)
As Extrader correctly says, the small free float here means great volatility - especially if it comes to the attention of a large number of small investors or day traders as its seems to have done yesterday and today, both here and in Oz.
The rises won't stick without concrete news, which the company have confirmed there is none - as yet....
"why are we so confident that Catenae will get the contracts? there are other companies in this field."
Sadly you won't get a reasoned response. There are dozens of other compnies in the same field as CTEA, many far more advanced with their testing than CTEA are. However nobody on this board will acknowledge that.
Just look at the quoting on here of the British Airways article yesterday saying how positive that is for CTEA, when the article clearly says that BA are already trialling two apps - the VeriFLY health passport app and the IATA Travel Pass.