Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ipad - yes - "Not producing accounts on time is disgraceful". On the other hand, it's a shame to change Auditors too often, they bring insights to the next audit. I'm sure BDO did their best and let's hope next year a Firm half the size of BDO will do better.
EE - I'd like to think you are right about the USA footprint.
I'm afraid there's a chance of a repeat of a hitch whoever audits, because, sometimes stuff happens, in what will still be a small team.
Anyway, good luck to RSM. No fiasco but it is good to see Scancell Management in confident and assertive mode !
EE - I agree the BDO delay last year was likely to have been caused by "a personal issue involving the audit partner". However, RSM will be no less exposed to such an unfortunate and unlikely event - Scancell is still a small Audit.
Very unlikely that BDO would have caused another delay. And a change of Auditor too often is not a good thing - the RSM team will have to newly acquaint themselves with matters at Scancell with which BDO were by now familiar.
As it happens, BDO are a much larger outfit than RSM, with over 111,000 staff and 1803 offices compared with 50,000 staff and 860 offices, (but Scancell's audit team is probably less than 10 Staff working from 1 office so . . . .)
IMO the change doesn't really matter, although it is good to see Scancell Management in confident and assertive mode !
RSM UK Audit succeed BDO. I wonder if this is anything to do with having a new CFO.
I looked at the RSM website and didn't see much about their history, but they are no doubt competent and it's encouraging at least to see this https://www.rsmuk.com/news/capitalise-on-the-opportunities-stateside-and-boost-regional-economy-says-rsm-midlands
Mmmmmm - more 'Admin' being sorted . . . .
Repeat for clarity, (oh for that edit tab) :-
Re. 23.06 - "Can we assume that 'we hope' is now 'we know' and 'here's the proof.'" Point well made RW - I think we're past the 'hope' and 'know' stage and CEO feels more proof is imminent ? As 14.04, "I wonder what she knows now that she beats the drum."
Re. 23.06 - "Can we assume that 'we hope' is now 'we know' and 'here's the proof.'" Point well made RW - I think we're past the 'hope' and 'know' stage
and CEO feels more proof is imminent ? As 14.04, "I wonder what she knows now that she beats the drum."
WTP I'm guessing that Scrip opportunity was incidental. But we can surely expect highlighting and wider publicity as more 'proof' arrives. Roll on the day!
Ciaskin many thanks ! WTP - the portents are positive and yes it's about time to do a bit of shouting. Prof. Lindy's inclination is for the science process but I don't underestimate at all, her talent to do the whole task. And with the recent 'beef-ups', although the wait is hard, it's fair to conclude IMO that we are getting there.
Re the 'X', I wonder what she knows now that she beats the drum . . . . .
Rookie. Yes C7 posted here a few weeks ago to say 'Hello'. It seems he may not be invested atm but everyone was glad to see his post.
A fast track recap is a big ask - but you could look back the last few weeks because there are some very good posts of that ilk. Take some time and good luck.
Sorry Bojo - the DoY comment was for Shareguard. I'm half asleep yet . . .
Bojo re. the Duke of York, I wondered if you were alluding to the other one.
Yes of course FC reports to CFO. But I see the FC duties listed includes treasury, compliance, budgeting, cash flow etc. (pretty much the complete job) and it came to mind that maybe 'there is much else that Sath needs to get involved in which might be deal related and/or taking forward some fundamental/structural moves'.
We shall have to wait and see . . .
Bojo - yes re. the FC advert, Sath leaving was the other explanation but somehow, I doubt that - he's only just arrived! Are they putting together 'Durrant Scancell'? MMMmmmm I would prefer a quick $5 billion myself . . .
Is it possible this bit of 'beefing up' is more to do with a listing on the NY Stock Exchange as discussed here earlier? Tantalising as ever - no doubt all will be revealed after another excruciating wait! ATB
(Shareguard - just seen yours re. 'Duke of York system' - the mind boggles?).
Thanks WTP. I just note that Sath is more than capable of doing that FC job! But he has other things to do? More 'beefing up' going on . . . . ?
I was waiting for a window to thank Chester for his positive 'pick me up' posts which are now an 'Institution' here, (after all this time, spirits can drop quite quickly). I reflect on how the BB was bouncing after the 'Interims'. Good work Chester.
And WTP - you are too modest - I reckon you are on the ball as much as most excepting our few titans. So good luck Guys and this should be our years of surprises. Again. Transformative?
Just an idle thought for fun - it is as if, our CEO envisages progress towards a new Big (ish) Pharma - 'Durrant Scancell'. A lot of beefing up going on?
And then I woke up. We'll see !
Thanks for your post Shareguard but my view overall is very different.
Scancell now needing a Financial Controller cannot have been a "negative influence in our share price" - we just found out about it did we not?
Re. "some blame was leveled at our accounts from the auditors". As I remember, BDO accepted full responsibility for the delay in the audit and the release of the figures - (I'd guess some problem with an important member of the Audit staff). And it was a delay but not a debacle . . .
I looked at the details of the FC role and it pretty much covers the majority of the work I would be expecting Sath, our 'new' CFO, to be doing. For me the most likely conclusion to be drawn is that there is much else that Sath needs to get involved in which might be deal related and/or taking forward some fundamental/structural moves for Scancell's future development, (financially that is).
it seemed to me from the Investors Q & A etc. that Sath has a good relationship with our CEO and they seem to work well from the same songbook. It's good that Sath will now oversee the day to day financial work rather than doing it himself. Some useful resource has been freed up.
As Balerno observes, 'Wheelers and dealers usually aren’t anoraks' and there may be much else for Sath to get involved in . . . . . .
So relax, you haven't made a negative input at all. IMO and on the contrary, there are many positives to be read between the lines of this new FC situation.
One point I join you on - 'the share price is beyond me'.
It's beyond me too !!!
Thanks for those posts - it's always good to see Scancell getting out and about.
But while these occasions might bring the opportunity for useful meets, is it fair to say, by and large, that these occasions are part of the scientific rather than the commercial progress of the Company.
Data and deals please. GLA
Ruck 09.17 - good reply. GN
2CVguy - thanks for your reply. Yes that looks like the answer and it explains the whole conundrum for me, at last. It also means, in effect, that new data is likely to come to us via RNS first, if it is price sensitive, either positive or negative, and would not be held back for release at an Event, (unless by amazing coincidence, the data first becomes available on the day of the Event). Thanks again. ATB
No Ruck. Not condescending at all but just what I would expect from you - taking the opportunity to dance around at my expense.
Of course Patient meets are a brilliant idea particularly with Trial Investigators updating Patients to understand what is going on. The point is that the 'study investigator at a charity patient conference' is not likely to be the vehicle for presenting deep insights from detailed new data.
But this, "You still don't get it do you?" IS more than a tad condescending. And if you think I don't understand that "It's about how the science actually works in real people and having the funding to see it through", then words fail me.
Good however to see that you are recovering from recent stuff to be your normal charming self again. Go back to bed and get out the other side. ATB
Thanks Cleaner - I watched the Sarah Danson link - SCOPE appears 16 minutes 20 seconds in. Hopefully there'll be another video of her presentation for 2024. ATB
Cleaner thanks for your 08.48 yesterday - of course, it's always good to see Scancell in action, even if just for a Poster presentation.
I see that MPC is a 'Patient' meeting - I wonder how that works? (i.e. given that most Patients have limited understanding of science).
I agree with Bojo - Cleaner's 08.48 is a well thought out post with relevance but I also agree that we should not 'build up expectations' for Thursday 29th etc.
Which brings me to a question - new significant data is surely a price sensitive event and there is a duty to inform via RNS? With that in mind I expect to see RNS for new data as the data arrives and it seems odd to me if new data can be withheld for release at a distant conference - (that's why I tend to doubt the usual excitement around these events).
It's just a question - in a nutshell, how can price sensitive data be withheld from Shareholders until the opportunity arises such as AACR or ASCO, where 'previously unpublished data' is a requirement . . . .
During prostate procedures, I read that a cancer might, most likely, be noticed in the bladder - are any of the cancer vaccine Companies moving in that field?
The King should be in good general health with his diet and positivity but I doubt that he will refuse the SoC . . . .
'For all his life he has been more than open to 'alternative' therapies' but even so, is there a realistic option? Homeopathy - IMO, no chance.
Good luck to the King and all cancer Patients and let's hope vaccines can, in due course, add to the fight against it . . .
EE thanks. I don't remember that being posted and it's good to see.