Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No Redshoes 👞
That’s not why they have only done 10%. And yes you were saying they had plenty of funds to last.
Simply if they tried more the price would been a lot lower and the risk for those who will be dumping those shares over coming months will struggle.
Every year now this share has a large holding being dumped. When that finishes they will then raise the next tranche and so on. Sort of like Lanstead but just more conventional and easier.
Really?
I do t remember any of you saying there is a placing coming.
All I ever read is wonderful stuff coming going to be great same rubbish every month after month. Yet here you are after two years more diluted less cash than at any previous time with works required no deal anywhere near and requires orphan status to try get them to become interested.
They will have the option to allot more stock after the AGM which they will use in September this year to keep them going till next AGM. Miracles can happen but no new developments here apart from some worthless updates on NXP004
Not sure why you want to keep discussing other shares here as you keep mentioning Avacta.
But you are absolutely correct that the market are corrupt as we all know. It’s basically about trying to miss the bullet and catching it after the drops if IF the companies are investable.
So when comparing since you want to keep talking about AVACTA then it’s a little bit childish.
AVACTA is a huge huge huge potential with assets already close to being able to sell for billions to BP yet here we have something that has been trying for years to get one thing over the line properly and that being NXP002. The rest is worth few grand as you see with NXP001 etc now gone.
It has no office no proper management absolutely no income but bleeding shareholders every 6 to 12 months and now on its last throw or so of the dice.
Not sure you can even begin to compare lol
I mentioned that the placing of the last chunk was never notified and that same institution who held that stock dumped the other day knowing they could grad a load more cheaper.
Wake up and see that this is being played and the directors don’t care as they have no choice otherwise those who take the placing stock won’t partake.
Now we see why they do!! It’s all so corrupt isn’t it!!
Being able to accept you get things wrong is an important part of life.
One two here who throw jibes at people who mentioned this coming saying they are wrong and deflecting it with insults and jibes and false accusations should realise that they are the ones who are having trouble to accept different opinions.
I’m not always right but I was absolutely right that this was inevitable.
Perhaps learn to accept but you will never and will always throw retorts back as you always think you are right.
I can add and sell stock as and when I like. Thats my business not yours.
If you can look at things without being emotional and personal I have been stating the fact they will have to raise therefore being invested was a risk of dilution. By all means do your own things but certain significant know it all’s here persists in being personal and blinded.
You were warned and I was right.
They have nothing tangible for a long period and it will continue to stagnate as cash goes out and nothing comes in.
Well there you go add in the ones you vote at the AGM which will come later in the year and as NFX does it operates on empty empty.
The one benefit of main market is the Nomad and annual audit cannot force you to show funding for the year unlike AIM.
Ophidian
@Ophidian18
in amongst the carnage of after hours #AVCT - anyone else notice ? AVA6000 not being lined up for STS, AVA6000 is being lined up to REPLACE doxorubicin period !
Finally a strategy that looks like a proper Pharma company. Of course very likely to need a partner to do it
As explained
They will start process for orphan status it takes 3 months from the next available period to start the process.
It’s also never a guarantee process and therefore another risk as he explains majors are not really interested otherwise.
Why has it taken so long to figure such a basic thing out after so many experts hanging around?
If they don’t get it then what?
Is that game over?
When they get it they can then try again with potential partners and as mentioned this is 6 months plus so add that to 3 or 4 months and we are looking at best part of another year of outgoing costs. With no income.
They need to find funds tho cover this works and expenses plus general operating costs of listing filling etc. another 1/4 mil plus needed plus previous salaries and placing costs so 350 plus imo min.
If this is such a great product it should be child’s play to get.
Right you like pointing fingers and demanding investors answer.
Answer this one!!
Why has nobody even bothered to try buy this marvellous NXP002 yet after 5 years of knowing it works.
After knowing it can be used via inhale route which dramatically drops toxicity of Tranilast.
Why after two trials on humans lung tissue showing it has significant effects?
Yet it failed the duration test via rats which is a basic parameter of majors hence Anne Brindly wasting 1.5mil trying the rat route as that’s all she understands from her time at AZ etc.
So after all these experts looking under the bonnet what is it that they see that tells them it’s not worth it so we won’t bother buying it at few million?
Something isn’t right if that’s the case. If IPF is such a hard disease which it is to help and this clearly helps why can’t they stump up a few quid or even open a limited risk JV to help NFX?
Why?
Firstly it was an example of what you could expect and secondly I am fully aware of the limitations of main market as that’s been the main problem with this company unable to raise more than 10% of the agreed aggregate of allotted shares voted at the AGM so they need a separate vote to allow more. So that’s how they do it.
A lot of back payment in salaries to off the total ouch 😫