Member Info for risehall1

Not voting is a vote, a protest vote! They are going to have to do some investor relations now and find out why shareholders haven't bothered to vote. Of course, dropping a rather negative RNS before the AGM showing a loss for H1 is not going to help them. A bit of positive spin wouldn't go amiss together with a trading update.

The DHSC are responsible for the DHSC dispute, and they have several such disputes ongoing. Panic buying PPE, drugs, test kits etc then trying to back out of such contracts when they realised the correct procedures hadn't been followed and they either didn't really need whatever they ordered or could order cheaper replacement goods from China. The only lessons management can learn is to be careful where they become depedent on one particularly large customer (which can kill your business if you lose them) and secondly, don't give too much credit - ask for payment upfront.

They also booked a provision of over £19 million for a potential warranty claim earlier in the year which is being retained plus if you look at stock inventory and raw materials, nearly all of this has been written down against the DHSC contract, effectively as having no value, but in reality it has. Personally, I think it is just a bit of clever accounting, they are utilising the DHSC dispute to allow them to make a lot of provisions. If next year, Covid revenues start to dry up anything that comes in from DHSC will be profit plus they can release the cash they have set aside and they will have inventory which can be sold. It will be interesting to see how demand for covid testing holds up into next year.

Apparently the NHS in Wales is at crisis point too according to my GP.

You had the bad news out of the way the other week. Management prefer to have an easy time at AGM so im expecting some good news ahead of the AGM.

Between US and Canada its PCR only, antigen isn't allowed. I don't think they will accept anything other than PCR.

I guess PCR as the FDA are very fussy and they will want to track variants. It certainly won't be the "fit for trash" Innova LFT.

Won't drop below £3. Don't tempt fate. Markets are taking a hammering everywhere. The Evergrande collapse reminds me of the collapse of Lehman Brothers. Too much debt, a 300 billion default could trigger off collapse of other institutions. The threat of stagflation and the risk of a sharp rise in interest rates. At least Novacyt have no debt and enough cash at bank to keep them afloat for years.

Could be anytime. There is also one drill rig still working and there is a ground survey underway. I reckon they will use the results of the survey to define targets and test them. It is always a good sign when you see more drill rigs and more metres drilled. Last years drill programme started in November. I think this next drill program may be much bigger as having identified what they think is a large system and with a better understanding of the geology they will want to define the extents and test their model. More activity will hopefully lead to more newsflow and in turn some positive momentum for the share price.

Just a matter of time. https://fortune.com/2021/09/15/south-africa-covid-mutations-variant-hiv-infected-population-scientists/

Too much hyperbole deary. I would sit down and have a cup of tea and a digestive if I were you.

Yeah but bless them. When they give themselves names like MrKipper don't you just know something fishy is going on? So just ignore it.

Somebody at the DHSC needs to be sacked over this. They have screwed so many companies it is unreal but what I think is really appalling is that rather than simply backing out of contracts or trying to negotiate they have alleged breach if contract - that the goods are faulty or wont work as described.

I think the dispute is already priced into the share price. This just draws a line under it and leaves the books clean. Hopefully when settled there will be profit and cash to add as it isn't being banked on.

The other thing that I am struggling to get my head around is that at the same time last year, case rates, deaths and hospitalisation figures were much lower than they are now. We are headed into winter with the trend increasing. Granted, hospitalisations and deaths are much lower than they would be without vaccines, but what will the figures be like in the height of winter when in the height of summer they are already bad?

The management don't need to communicate anything as they don't need to raise funds from shareholders. They won't be getting my vote until the share price performance improves and they start defending the share price from manipulation by shorters.

If you want to hold management to account just don't bother voting at the AGM. No doubt investor relations will be in touch if they find themselves short of a quorum and management will realise they can't take shareholder support for granted.

You have misunderstood my post. What is the obsession with Solgold going it alone and staying independent? Cab you not grasp that under a takeover scenario you can effectively swap your Solgold shares for shares in a major whilst retaining ownership of the underlying assets in Ecuador? Derisking building a mine, leaving you with a healthy dividend and an uplift in your capital. You know, you might be better sticking with Premium Bonds!

There is NOTHING to be gained from Solgold going it alone and a lot to lose. Look at what happened to Sirius Minerals. With no income they ran out of cash and went belly up. That was in the UK - considerded a low risk jurisdiction. Many shareholders lost their shirts. And guess what? It ended up in the hands of Anglo American anyway, but on their terms at a knock down price that shafted small private investors. If Solgold get bought out by a major now, if you opt for shares in the major rather than cash you share in the future profits from Ecuador in the form of dividends plus the major has the income, know how and ability to raise billions in cash to finance and operate a mine. That's a win win. I would gladly accept an offer from BHP or RIO - but at the right price.

If it's a takeover I ain't taking anything less than £1 per share. It has been too long coming. And note those who want to see Solgold go into production - the majors currently have dividend yields over 6%. You will be getting an uplift on your capital and a regular dividend if you opt for shares on the takeover offer.