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So today's RNS sounds phenomenal as it looks like our seed investment from June is now worth 20x original investment. I get that on paper this must be true as the most recent fundraise demonstrates unequivocally what others are prepared to pay. However, I will go out on a limb and guess that todays market reaction will ignore this. How can you ignore a 20x increase since June in a falling market....unless you fundamentally don't believe it. Is that what the market is saying?

Does Jim Mellon still get 15% cut of the NAV uplift? That deal has worked out particularly well for Jim Mellon.

Investor 1: "What insight can you offer about the prospects of this interesting but speculative play on gas prices and energy security"
Investor 2: "You've got a big bum".
Investor 1: "Your mum's fat".

Gents - please take a look at yourselves. This board is ****. Goodbye.

Fair enough. You're giving them the benefit of the doubt more than I would have. I think in total, the Every Company has raised $233M in funding. That's a lot of money to raise for your "shop window" product launch to be so niche. I'm just hoping that their proteins end up in countless day to day products.

Is there actually a market for this stuff? It seems somewhat niche. I get that "fruity" beers are popular (for now) and that protein shakes are popular but is there any demand for a fruity beer protein shake? Add on to that, does someone who wants to buy a fruity beer protein shake really care whether the protein is animal free. I expect that many people would be surprised to learn that there protein shake was animal derived - it's not in your face. I just think this is a bit of a disappointing damp squib. I really hope they have done some market research that this is the next big thing that consumers are demanding, but I am not aware of any evidence that there is a market for this.

Hi - would you have expected more of a reaction to this?
https://www.theguardian.com/world/2022/oct/11/israel-lebanon-historic-maritime-border-deal
So far nothing in the share price would imply this is important or that it wasn't already priced in.
What did everyone else expect?

Hi - anyone care to give me a whistle-stop tour of how JOG has arrived in its current position? I'm considering an investment to bolster my existing gas exploration and production company holdings (Energean and Chariot). I appreciate this may be quite time sensitive given that news may be expected later this month.

I fear Middle East "deals" tend to be more than snags.....

More in depth interviews with BlueNalu here:

https://www.foodnavigator-usa.com/Article/2022/10/05/bluenalu-tech-breakthroughs-will-unlock-significant-profitability-for-large-scale-cell-cultured-seafood#

Last paragraph in the article says that Lou Cooperhouse thinks that construction of their new large(r) scale facility will be "very easily debt financed".

Well VitroLabs have just announced that Anthony Chow is now on their board of directors.

Another good news story although not much detail - have a look at Prolific Machines website. I was drawn to the most realistic statement I've seen from any of these guys - see below:

"The importance and market share of cultured meat will depend upon being competitive in nutrition, flavor, consumer acceptance, sustainability, supply-chain resilience, and—most critically—cost. There is no likely world in which a meaningful cost premium above functionally-equivalent alternatives achieves massive scale and consequential impact. At Prolific Machines, we believe we have a solution to make cultured meat at a price point that can compete with factory farming......"

Sounds good. Onwards and upwards.

Skier 1 - when will we hit that 4-8p range? I think you said it was sometime soon.......Care to backtrack?

Whoop Whoop for BlueNalu. Timescale is longer than I expected as they say their 6 million lb annual production facility will be operational by 2027. Need I state again that a few million lbs or kgs production per annum is the square root of diddly squat though. By that point Upside Foods will be high 10's of millions of lbs I think (also still a very low number).

Whoop Whoop nevertheless.

....or with food shortages looming we should change our behaviour and waste less (we chuck out about one third of all food). That's free and could happen tomorrow.

You say this has knocked your investing confidence, but I would recommend you take a step back and look at this more objectively. You might have a high conviction that this is the "right" sector to be in because it aligns with your moral standards which is great, but an objective view would be that this was, still is, and will be for years to come an exceptionally speculative sector with a low chance of high returns and a high chance of low or zero returns. The timeframe of when this might come good should in itself be a warning. Nigh on anything could happen over a 10 year timescale. If you look back over the past 10 years we are staring down the barrel of nuclear annihilation, we've had a global pandemic, an unprecedented era of cheap money, a bizarre decision to "set ourselves free" from our most significant trading partner i.e. Brexit etc. etc. - go back 15 years and that encompasses the global financial crisis and go back a week and you have a chancellor at a time of economic crisis maxing out his credit card to more or less benefit the rich. When that is all said and done, your portfolio should be balanced to reflect those risks over that sort of timescale. To me, that unequivocally points to the fact that ANIC should always have been a small part of anyone's portfolio (depending on your age etc.) because you should have a realistic expectation that with so many hurdles to come over the given timeframe, this has a high chance of failure. That being the case, rather than knocking your confidence, with an appropriate asset allocation, it should more be "c'est la vie" when ones like this turn sour. All that being said, the ship may well be turned around because over the same time frame a whole bunch of equally positive things might happen and you've got to be in it to win it. Just don't go all in.

Brutal for everyone except Jim Mellon whose fee is linked to NAV only and in the last Edison update they reckoned it would be 18p-19p by the end of the year.

Haha! We're still contemplating having more. ANIC is the only way I ever get to retire! This is my "nth" attempt at finding the golden nugget though...long history of speculative shares which might come good...but didn't! So don't take my advice on anything.

I'd like to attend the webinar so will see how that fits in with other work commitments.......I have 4 hungry children to feed and an economically inactive wife!

Not saying it will happen any time soon, but surely the requirement for new fundraising is an absolute given? Upside Foods raised something like $400M dollars most of which will go to building their facility capable of "10's of millions of lbs" of meat annually, but as I have pointed out a couple of times 10's of millions of lbs of meat is a modest fraction of the output of a modest sized conventional UK meat producer (Cranswick). The few millions we are throwing here and there does not seem to be at the required level to get the production scale we need based on announcements from Upside and GOOD Meat etc. Precision Fermentation costs for dairy products etc. will I assume be lower, but I think the requirement for more cash should be taken for granted, but it will be a question of timing.

In 10 years time your shares will either be worth a little or a lot!

I'm hoping a lot, but impossible to quantify. Could be truly transformational - 10x current price would be a disappointing result. However, I am absolutely prepared for the shares to be worthless in 10 years time and that's probably a lot more likely than posters on here like to think.

Generally agree idg69, other than you say this is a "long term investment and not a short term gamble"......I think it's just a long term gamble. A long term investment is putting your cash into a global equities index tracker.

I pointed out recently that in spite of other market factors I think literally nothing has changed which would affect my original reason for investing. I'm not clear on what could have changed for anyone else. Why does a war in Ukraine and a cost of living crisis now have any impact on what global food trends will 10-15 years hence? Don't be influenced by irrelevant noise if you believe in your original investment case.

My biggest concern right now is that in spite of the several RNS's hailing that our original seed cash is now worth many multiples of that original investment, the market response is that they don't care. Does that mean they don't believe it? Case in point being the August RNS re. Clean Food Group. Original investment of £0.32M in March to be carried at £3.23M in August? A sceptic would say that if it sounds too good to be true, it probably is and there may be an element of that.

Still, NAV creeps up and that's good for Jim Mellon's fee structure. Who'd have thunk it that would turn out not to work in the favour of average Joe investor.......