Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Profcheese, I've been wondering that too, if the trial news is good, and SP would then rise, why did the board not wait until then for the fundraise, they would have raised more money, or had less dilution.
No, I don't have an agenda, I'm just a confused punter who doesn't understand why. I've taken up my open offer shares regardless, because AS is making all the right noises that it works. Not long to wait now. .
Hmm, obviously great to have cash and buying a profitable company, but why now with P1A results out soon?
As the share offers and bond price was based on current SP, why not wait for the expected good news to raise the SP first?
Well I haven't posted for a while, but disappointed that this BB seems to have turned tribal, and a bit nasty too.
I have learned a lot reading posts in the past, but this time got insulted for posting what I thought relevant info.
I won't argue with the posters who are paranoid about people with agendas (rampers, derampers?) but Timster, yea, I'm the worrying type, because every time the SP has dipped, I have topped up, and am rather overweight AVCT.
Got let down by the LFT farce, hopefully AVA6000 will come good.
Behind a paywall, so I'll just post the headline, has this been seen and commented on?
‘Miracle’ herpes treatment eradicates tumours in terminally-ill cancer patients
The genetically-engineered virus is injected directly into the tumour where it multiplies, causing cells to burst from within
The piece says a quarter of the 39 patients trialed, showed improvements, with some becoming cancer free.
Obviously any working treatment is great news, but I'm worried if Ava6000 might have competition (hence worth less, see LFT debacle!)?
Agent B,
While I am unsure whether there's a link between the news about monkey pox, and the WHO vote, I am not happy about that organisation taking over sovereign decisions.
But short of writing to home sec/ MPs, not a lot us plebs can do.
It is a sinister step, because of the WHO history on covid, where they covered up for the Chinese.
I Have not been checking this board lately, seems we get a SP rise if I hide my eyes!
But the first thing I thought when I read the RNS is "oh no, don't get into bed with the Chinese!"
Regardless of if they can be trusted or not regarding IP, (some past evidence suggests not), I am now just waiting for the expected rise if the AVA6000 trial data comes out as we all hope, and Al has been hinting at.
It would take a year or two for the Chinese to copy any tech, if they were to, by then I want to be out.
It's a shame, because I wanted to ride Avacta all the way to buy out, or divi paying maturity.
So far I am on a big paper loss with POLY, and it has taught me to be very wary of investments outside 5 eyes countries.
Reaper, I'm no expert either, but my understanding is there is no point going long and short in the same company, the one position cancels the other.
There may though, be some advantage by buying or selling into the market at a time and quantity that would gain a profit I suppose, maybe that is the game?
I don't envisage a cash raise this year, and by then we will have more (hopefully good) news on AVA6000.
I suppose we will have more idea when the accounts for 2021 are published.
The SP doesn't surprise me, I have got used to the crazy world of the AIM market!
Thanks for explaining Energy, I have been worried about any potential takeover bids being too low with the suppressed SP.
My only hope regarding that scenario, is that
a/ The board recommends against, and a lowball offer is rejected.
b/ As it would have to be voted on, if too low, the majority vote against.
Hopefully this is all academic, as I am with the really invested here, that are waiting for a sharp rebound on positive AVA news ??
Eneryshares, can you explain to me your statement, and how this works,
"This roadshow is all about bringing in more II’s so Avacta can leave this poor AIM market"
Genuine questions,
I understand this roadshow is for IIs, but do they get offered new shares, if so that would dilute existing shares.
If just to raise the company profile, (and they buy in the existing market) sure, the SP would rise, but as AVCT are funded until 2023, how is the effort justified?
By then we will have AVA news, and if positive, then that would raise the company profile anyway.
PL75, "scale supply to match demand which is very different" true, I'm not expecting massive sales figures, with the latest EU home use authorisation, I would expect H1 2022 to be better.
As you say, AVA is the real prize, and if the LFT keeps AVCT in cash, or turns a small profit, it is all good.
"incompetence and subsequent arse-covering lies" quite CautiousOptimist, I have long help the view this can only be incompetence or work overload, or corruption.
All are possible, but as you say the first two are just, if not more likely.
People on this BB seem fixated on selling in the UK, yes we have been shafted, but Al said long ago we will sell all we can make, and that is good enough for me. There is worldwide demand for tests, and I think AVCT have been quietly selling to FOW while waiting for AVA progression.
End of year results will be out soon, so we will see.
@ Revolting Peasant
I really like your letter that you posted at 11.45. I wonder if you would have more success with a paper like the Guardian, as it could be seen as a Tory bashing letter.
The letter you posted at 9.23 is also excellent IMO, but "bashes" public bodies (UKHAS, NHS etc) so might be less successful with a left leaning paper?
@Fredluck
"Some of the SP predictions on this forum have been totally ridiculous"
I agree with you there, but I think your ideas are too pessimistic.
The LFT will provide some income, and as you say, keep the company afloat until the AVA pipelines mature.
If you look at the numbers involved in the chemo industry, a successful AVA6000 trial would get big pharma interested no doubt.
But a 50% over SP offer? yes sure, if the SP has already multiplied, but you saying less than a fiver? No chance.
Vegas,
Me again! just read your post to 1nose, no network is a mare when you need it.
A hint I use, when I get a QR code for these forms or docs, I screenshot them straight away, then you can pull them up from your phone pictures if needed, good luck and Feliz Navidad.
Vegas,
I fly to and from Tenerife, I got back about a fortnight ago, just after the latest change.
If it is the same, (I am pretty sure it is) you have to do your LFT on the island within 48 hours of your flight, mine cost 30 Euros, they call it a antigen test, as appose to the more expensive PCR. You can't miss where they do them, look for the queues!
As you know, you also need to complete the passenger locator form, but before you do, I would book your second day PCR test, (for back in the UK) as you need the code provided for the form.
You can book the second day test anytime, but passenger locator form within 48 hrs.
It's all a faff, but easy enough to do, good luck!
P.S., don't forget your NHS covid vaccine proof as well!
Tyym,
"Or does the fact that some key players at Porton Down receive massive funding for their own research projects from the Hue Foundation in China have anything to do with which tests get approved?"
Please tell us more when you have time, I always find, when things seem fishy, it is best to follow the money!