Member Info for risehall1

I wouldn't discount the new CEO yet. Give him chance to get to know the business and iron out the problems he has been left with. He is a marketing man and Novacyt needs to diversify and boost sales. They have plenty of cash to grow the business. Continuing covid test sales will provide them with headroom before sales from new products arrive. The DHSA dispute should also be settled by mid year.

A rapidly rising gold price is a big problem for anyone trying to short Greatland. You've worked out yourselves what a difference a slight increase in gold and copper prices makes to the already very favourable economics of Havieron. Best of all central banks around the world are now starting to aggressively buy gold so the price will only go higher.

Things haven't got quite so bad here yet that we've had to consider breaking up the furniture and burning it. Though I am consider buying a donkey as they run on straw and carrots which haven't gone up in price yet. The price rises on gas and electric are much higher than 54%. My tariff ends in May with Eon and the price of both is well over 100%. That is getting into hyper inflation territory. Food prices are set to soar too as Ukraine produces huge amounts of wheat, sunflower oil and fertiliser.

Hospitalisations actually started to tick up in the UK over the last week coinciding with ba2 becoming dominant. Too early to say whether this is just a blip in the stats. WHO have suggested BA2 may be more deadly, as deadly as Delta. Vallance and Whitty did warn it wasn't over, but it was expected that problems would most likely arise in early summer as immunity wore off. There is a cognitive bias towards "wishful thinking". Everyone would like covid to be over. It may well be that living with covid means managing it through hygiene, distancing, testing, vaccines, anti virals. So much for the government sticking their heads in the sand and pretending it is over.

Have you noticed all the job vacancies on the Novacyt website. I have never seen so many (24), many seem connected to IT IS.

As a general rule of thumb interest rates need to be 2.5% over the inflation rate to keep a lid on inflation. Interest rates should therefore be about 10% now. The BOE daren't raise rates with so much debt, the interest rates would cripple the economy. Debt is now higher than it was just before the last credit crunch and savings are at a record low. We are headed for stagflation and a big depression with no way out.

Yes it will, higher gold prices always feed into gold miners but it tends to lag the physical market a little. You have to bear in mind if it costs $1000 an ounce to mine and the price of gold goes from $1800 to $2000 that lifts your profit by 25%. If you have millions of ounces in the ground, it is a big difference in value.

If he wants back territory previously under Soviet control that will take him all the way to Berlin.

Having broken through $1900 it is headed for $2000 plus. Putin also highlights one huge risk for cryptocurrencies. In a cyber war they are worthless. Physical gold is the thing to have in hard times.

It can take years to produce a resource estimate and hundreds of thousands of metres of drill results especially with complex geology. What you want to see is good initial results followed by consistently good results and a steady increase in activity, more drill rigs brought to site and expanding drilling is always a good sign that the majors think they are onto something.

Mr Biswas may be able do many things. He can't control the price of gold though. All my gold stocks did well today.

https://www.who.int/news/item/22-02-2022-statement-on-omicron-sublineage-ba.2

WHO says this Japanese study may suggest BA2 variant leads to more severe disease.https://www.biorxiv.org/content/10.1101/2022.02.14.480335v1

I wouldn't assume anything yet. Perhaps they are in takeover discussions. If they want 5%, they would want the whole 30%. However, GGP did warn previously that if a price cannot be agreed things will become protracted.

I have never been tested for covid but I am surprised how many people are testing themselves daily. That is what happens when you make something free. The government has no plan for managing covid and has done everything they can to hamper creation of a domestic diagnostics manufacturing capability. All they have done is sent billions to China for shoddy tests and wasted huge amounts of money for little benefit.

Why? Takeover I would have thought or giving themselves the option of a takeover. If they build a sizeable stake that might deter a rival bid. In any event, they see value. But I am surprised at the silence from Novacyt. Are the BOD so thick they think Biosynex will keep them on and have a duplicate board here in the UK?

Not necessarily if there is a ceiling on what they are prepared to pay. Why rush building a stake?

A takeover wouldn't pay off for the bod at all at this level. Most are underwater, the bonuses won't get triggered and to top it off they would lose their jobs. They should have done more to defend the share price especially when the company has over £100m sat in the bank

Yes, but don't forget anything not approved by the 28th can't be sold unless they extend the temporary approvals. That sucks if you have tests which aren't approved and you can't sell, but for those who do have approvals it knocks out your competitors which means big sales for the only few approved products £££££.

It may backfire though. Newcrest appear to be drawing attention to the fact that they want GGP on the cheap. That may well bring in investors expecting the share price to rocket on a takeover offer - that will inflate the share price. In any event Newcrest desperately need Havieron to keep Telfer going so they can't afford to mess about.