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Wasn't it an old antibiotic that they reworked and didn't it originally fail on liver toxicity?
Raising any cash now will be a problem.
What's to develop? They are digging a hole.
My prediction is cpht will be about 4.5, tons 300k, ppc 350 USD. 1.7m USD profit.
Best case say they get up to 400000 tons, get some nice stones, 6.3cpht and a better ppc for the big stones, 400usd. 6.3 X 4000 X 400 = about 10m USD and 7m USD profit. Best best case they find a couple of really big stones worth millions.
2.6 cpht X 4000 X 327 USD = 3400800 USD = 400800 USD profit
7.5 USD per ton costs times 400000 tons.
Just gone through the latest figures and I make total costs 3.0m dollars.
Without going through it all again, just from my notes I have total predicted costs for 2019 as 3.6m dollars if that helps.
The point of an investor evening is to raise funds so probably more dilution to come although from the couple of reports I've heard from last night's performance it seemed a bit flat and the timing of the placing announcement was a bit odd so maybe they managed to raise the funds they needed before the presentation. I hear that the overhang from the last placing is still about the same so not sure where all the new shares are? Perhaps whoever invested plans to hold for a while and maybe with the recent large stones someone got a chunk of the company on the cheap. I would have rather they sold a third to a partner then at least they would have shared the cost. It will be interesting to see if we get a holding RNS. The crusher is still a bottleneck and needs improving or maybe a third one is needed which could be outsourced. The numbers still look good and with 6.3 cpht coming out they should be in profit even if they don't reach their predicted 40000 tons a month. Happy to hold and averaged down again this morning. The warrants won't come in to play until the SP is at least 0.5p so I expect at least that within the next couple of months and alot more if they large stones keep coming up.
All that really matters is what the dig up. It doesn't take much cpht for them to make a profit in 2019. Fingers crossed that they can find some large stones over the next few months to soak up the overhang. I still think 2p a share is achievable.
Yes I agree but on the plus side I don't think much of the placing stock will be for sale below 1p
I will buy it for the wife when the SP hits 10p.
The other 3 stones found this week were described as exceptional so their 18 carats must be worth £180k, if this stone is only worth £120k with the other smaller stones that about £350k a week. If they can keep it up that will give a net profit of £12m which should value the company at over £100m. However it now looks like this is the tip of the iceberg and even more larger stones are coming. A very exciting time for shareholders, the stuff that dreams and fortunes are made of.
Maybe it's someone who picked them up in the placing and sold before declaration. I have read that institutions don't have to declare until they reach 5% but I'm not sure if that's true.
The USO is a get out of jail free card for RM. Ofcom will give RM whatever help they need to maintain it.
God appears to a farmer one day and says " I am God. If you agree to feed all the sick and poor in the village I will ensure that your fields are the most productive in the land". The farmer agrees and it becomes so. However after a couple of years he realises that he doesn't have to work as hard as the other farmers because his crops will grow anyway. One day of course all the sick might get healthy and the poor become wealthy but in the meantime he might as well take it easy.
Even with worse case scenario it seems that they will make a profit with best case giving an annual profit if over 10m plus theirs always the chance if a couple of exceptional stones piping up. A share price of 8p seems possible if all goes to plan.