Member Info for Muck165

I don't know anything about charting or the reputation of this chap, but he has 17.6k followers and so this might help. stir some interest this afternoon.

https://twitter.com/Borg74/status/1744931684116836758

Hopefully John - I thought we might see a bit of buying today in anticipation but it seems either people aren’t interested or we just fly so far under the radar for most. Maybe we’ll see a bit more interest as we move towards the close.

Agree - it’s conjecture only.

Personally I think something is in the vaults; I just don’t think it’s what was originally confiscated. Why, because in early 2010 the mining minister took the parcel from the RBZ under false pretences and contrary to the court ruling, only to be ordered to give them back a few weeks later.

Conjecture again, but ask yourself, why would he do that.

“ruling in “vasts” favour”- sorry, brain fog this morning.

ASI - looks to me like Sinarom are in Court on 16th for the next hearing in proceedings started in 2022

https://portal-justitie.ro/dosar/?dosar=11450/3/2022&institutie=TribunalulBUCURESTI

and Vast Baita on 15/1

https://portal-justitie.ro/dosar/?dosar=2096/100/2022&institutie=CurteadeApelCLUJ

Which looks to me like an appeal by the creditor against an earlier court ruling in Avacta favour

https://portal-justitie.ro/dosar/?dosar=2096/100/2022&institutie=TribunalulMARAMURES

But I could well be wrong and as SS says, it may be nothing to worry about because we seem to be perpetually in the Romanian Courts.

ASI - I tend to agree that a placing at these levels wouldn’t achieve much given current headroom authority. It would perhaps buy a little bit of time. Asking for more headroom would help, but doesn’t send a great message I think.

But then if we need cash soon (and that’s only an assumption), what are the alternatives?

- Diamonds? Well there’s hope (if no solid basis for that) at the moment.

- Debt restructure - again I suppose it’s possible we might be able to raise more through debt, perhaps as part of a full re-fi, but even if we could I suspect terms would be very painful and worse than the exorbitant 20% we agreed with Alpha.

- Revenue - it could be I suppose that revenue has risen sharply, but we have no evidence of that. Who knows what we will see in the BP production report, soon hopefully.

- Convertible bonds maybe, but again terms would be painful.

- Sadiq Khan’s magic money tree possibly.

Short term cash is the biggest issue for me here at the mo. Get past that somehow and the significant asset, and opportunity, potential can be realised. Fail and there is the possibility of administration - it’s notable that Vast Baita and Sinarom are both back in Romanian courts next week as part of bankruptcy/insolvency proceedings.

I'm "hoping" for it tomorrow or Thurs, like you say HD2U - would seem reasonable given the presentation on 11/1, but not guaranteed.

If I were an investor I'd want to know what the current situation is, as well as prospects, so perhaps we might get a little more detail about the pipeline? Who knows!

Just to clarify, it’s the Yates presentation to the investment community that’s happening on 11/1.

We don’t know when the TU will be issued, other than it will be in Jan.

Nevertheless, for me it’s not unreasonable to think the TU will be before or on 11/1. After all, why present to investors if you have nothing positive to say, and telling potential investors before us would be wrong I think.

Just wondering, but was it AP that told you "good news starts early next week"?

I don't think it will be tomorrow Bill, just because its a Friday.

This was the bit that caught my attention in the AGM statement

"At that time (October), I said that I believed Abingdon was well positioned to meet the growing demand of the lateral flow market, through both our CRO/CDMO offering, and through our complementary direct sales and distribution platform. This is proving to be the case as evidenced both by the number of customers and projects we are working with, and our continued revenue growth"

So, Yates has already told us that revenue has continued to grow since October, which should I hope mean that the update reveals H1 24 revenue in excess of the £2.9 H2 23 revenue. If that proves to be the case and costs remain controlled (no indication they aren't) then we will be well on our way to FY24 target of being cash flow positive.

As shareholders, I think we would also need to recognise that the BOD has thus far, and looks to be able to continue, to avoid dilutive raises or expensive debt.

Alternatively, if the revenue growth and cost controls continue as indicated in the finals then management will need to be given real credit for making difficult decisions and turning the tanker round after being royally shafted by the DHSC.

Agree.

For me, anything close to £2.9m revenue and cash of anything north of £2.3m would represent a good H1 update.

Be nice to see the Doncaster site out of mothball and manufacturing again too!

Let’s see!

I think everyone fully expected the H1 23/24 revenues to be significantly higher than the poor £1.1m H1 22/23 revenue, and so it’s not really a surprise that Yates has already confirmed as much.

The interesting things for me will be to see how H1 23/24 compares to the £2.9m H2 22/23 revenue, whether or not our cash burn continues to reduce (and so what our cash position is compared to the £3.2m at 30/6/23), and hopefully some indication of current and pipeline work.

I wouldn’t be surprised to see the trading update turn up very quickly in the new year.

HNY all.

Good to have you here Karl.

Also nice to see the last two trading sessions being positive. Worth noting again that Yates had said he’s going to release a trading update in Jan, and is presenting to potential investors on 11/1.

Now, if I were Yates I’d only be presenting if I intended to release the update beforehand, and only if that data was good.

Might explain the positivity; either that or it’s Karl’s entry into the fray!

So it would appear impossible to post concerns or issues for discussion on this discussion board without being labelled a deramping troll!

Not much of a discussion board then really, is it.

Any post, positive or negative, has value if it’s based on fact. Posts not based on fact or, worse, on lies, whether ramping or deramping, are equally dangerous.

Merry Xmas to all on here

Next year Rodney…!

Yep, trading did look strange today.

For info - Loop posted this today. Senior ABDX staff have liked it, including Yates

https://www.linkedin.com/posts/loopdx_iso13485-qualitymatters-teamsuccess-activity-7143265299184734208-iv1r?utm_source=share&utm_medium=member_desktop

And what the RNS actually said was “ I am pleased to note that our revenue for H1 FY23/24 will be significantly higher than revenue for H1 FY22/23.”

So not profit.

Our revenue for H1 22/23 was only £1.1m. We now know it’s higher, but as Apre says, we need to wait until Jan to learn how much higher and to see how far we are on track towards full year 24 profitability.