Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And no doubt cash best held back as will surely drop back further
Well clearly someone is selling out. And as usual there are no buyers.
And if the context was different, for example, if it was possible to fund struggling companies through low interest government loans, it could all be a completely different proposition.
Instead all that is in play are market forces where some would be happy to let Angle fail and buy Parsortix from the administrators.
Exactly Bantham. More marketing Comms directed at retail shareholders, who are least well placed to evaluate the risks and opportunities.
So many LTHs are in way over their head's and the Telegram group is full of stories of people telling family members to invest based on their own research supported by stuff like this Trinity note.
The government seems to go to great lengths to protect the public from crypto products but it's fine for small scale retail investors to over expose themselves to pipe dreams.
Sandy, I meant the initial application that was not the De Novo pathway
The SP over 100p was really a bubble caused by speculation about the prospect of successful FDA clearance.
The risk reward balance is just not viable.
At an SP of 34p that's a market cap of £85m, which is nearly 13x projected revenue.
Potential pathways to accelerated revenue growth have had to be put on hold due to the current fallback on bootstrapping through lack of cash.
So all that's really on the table is double or nothing, which is not what I am looking for.
Oh and of course they initially went down the wrong DDA approval pathway, which set things back quite a bit.
Have to wonder why that was as there are plenty of consultants firms that help companies prepare submissions.
With this track record it's hard to have any faith that they will get things right in the future.
Now they have pivoted to dropping everything except trying to attract pharma services and NGS partner.
It is very hard to view Angle as a serious long term buy and hold proposition. For a start, it would be foolish to attempt to buy and hold if there is very little certainty around the company's ability to remain a going concern in future.
I personally, am not happy to write off an investment at the outset, which would be the sensible thing to do. I prefer to invest in companies with a higher probability of not going bust. Put simply, you can't buy and hold for the long term (10 years) if there's a strong chance the company could fail or face another massive dilution.
The company have made multiple mistakes over the last few years, which has contributed to them burning through so much capital.
1) They spent an initial £3.7m on some IP for CTC analysis in 2017. In addition to the IP they took on a lab in Canada with 8 staff until the lab and analysis tool (Hycead) were eventually dumped last year.
2) According to an RNS they allocated £7m to the prostate cancer trial with Midlantic Urology. Nothing to show for this where apparently the samples collected are being stored in a freezer until they can decide on a method of analysing them.
3) They also invested in a lab in the US touting it as a post FDA route to getting the lab approved by the Federal Government. This lab has now been axed so more cash burn with no positive result.
4) And it has to be said that the jury is still out on whether all the time and funding allocated to getting FDA De Novo clearance was actually worth it. This has not provided the acceleration in revenues that Newland was predicting and it remains to be seen whether this was necessary given that alternative methods of CTC capture are being used in pharma services without this clearance.
These are just a few of the mistakes that have been made along the way and burnt through investors capital. No doubt there are more that I have forgotten or am not aware of.
I am sure others could increase the list!
And again - live prices showing massive spread of 14p but actual quotes still have sell 1p above buy
For about 5 minutes, back to normal now
Quotes for sell 262 and to buy 260!
AACR have featured updates on liquid biopsies for the last few years.
For example, here were the topics covered last year.
https://www.aacr.org/blog/2023/08/31/the-expanding-potential-of-liquid-biopsy-to-detect-and-monitor-cancer/#:~:text=At%20the%20AACR%20Annual%20Meeting,without%20chemical%20or%20enzymatic%20treatment.
Liquid biopsy could involve CTCs but also CTdna, CFdna and extra cellular vassicles.
There are a lot of companies pushing a lot of products and they all think theirs is best.
This is why I am here.
To challenge misinformation.
You get called out by Bantham and 10 minutes later you are doing it again.
There you go again Tom. A pointless post by the Snake Ophidian and you are spreading fake news again.
There is no indication whatsoever that the reference to Liquid Biopsy at AACR has anything to do with Angle.
Absolutely none. There are dozens of companies doing liquid biopsy and I am pretty sure the developments will be involving CTdna rather than anything Angle have done.
Thanks Bantham. I was tempted earlier after being kicked in the head by a horse but your post stopped me in my tracks!
A pharmaceutical company is not going to buy a medical testing company.
They serve different markets.
Clueless.com
Because of a speculative bubble in biotechs that burst shortly after.
What are the catalysts?
That's because the shares were placed at the peak of a speculative bubble.
Investors don't want potential now.
They are like show me the money.