AGM Presentation Summary -29 Jul 2021 14:59
PART 1 -
Most informative post I have read, reproduced to help prospective investors.
I have now reviewed the recent presentation in depth and thought I would post a synopsis of my views and thoughts for what they are worth. I haven't bothered to proof read so apologies for grammar/spelling etc
1. Microtox PD
Following on from the RNS confirming the technology not only works but is amazingly accurate multiple sites have been retrofitted and are deployed and working. There are over 3000 existing units in over 60 territories worldwide so we don’t know exactly how many have been fitted but they stated that they are currently receiving real-time Covid test results every 15 mins.
The plan now being implemented is to scale this production up to deploy to the new customers and they are currently in the process of developing stand alone microtox BT unit that is far more cost effective and scalable. This makes absolute sense to me. Current Mictrotrace units that can be retro-fitted can cost £50k so to produce a far more cost effective smaller unit is the route to MASS PRODU TION and large scale take up.
When there were numerous comments on this board about contracts I made my views clear that nothing should be expected probably this year on that front, and they have now confirmed that this scale up operation is planned over the next 12 months.
The categorically confirmed that they were in discussions with public health agencies and at government level regarding this scale up which for me again makes perfect sense as governments will be looking for cost effective options.
EXPECTATIONS WERE THE DEPLOYMENT OF 200 MICROTOX MONITORING UNITS PER MONTH BY MID 2022. This is huge.
Pure speculation but to produce a unit for say £10k each would produce £24m in revenue plus the recurring reagents sales.
One very exciting development is that they are now working on a multi-chip to detect numerous pathogens. This could have huge implications for both Mictotox PD and BT. For the PD units it means that the installed units could be looking for several pandemic potential viruses, helping to make sure this damn thing doesn’t happen again.
2. China Resources
For me this is the most exciting issue in the short term. Following the heads of terms RNS the scope of the original draft have been extended and the proposed timescale has over-run. From personal experience in selling companies this is no surprise. I know there will be those here that think there are problems, and possibly there are, but I have never has a HoT timescale come in on time, and although I have dealt in multi-millions china Resources are on a wholly new level. For me I saw no hint of concern from the directors in fact they were more than confident that this was coming soon. I don’t see the point in going on about the potential here except to re-affirm that you are basically in partnership with the state of china who have committed to invest over £18 billion into waste water over the next f
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