RE: 10p this year fair target18 Jan 2025 07:17
Completely agree with a,b and c in fact particularly excited about a (CLX) which will take 12 months or less l understand.
As for THX, as we know from the webinar, ME was happy to call time on THX end of 2024, so there must be something that enticed him to suddenly turn the corner that VAL can’t disclose publicly to extend by a further 5 months. If a full year then fair enough, but let’s wait and see before we serve judgement as personally mildly confident things are bubbling nicely…. fingers crossed and that would be a huge boost in 2025 as the implied value of the original deal is worth 17.8p per share currently of 19.75 fully diluted with the warrants and a further 50% more for any further added new indications.
The lab we are told in this quarter will break even and be profitable thereafter, which moves on to your point to costs as the move from London to the Midlands was pretty savvy as l believe they saved 70% in high end London rents. It was also a double whammy as not only did they get an office, but a working and functioning lab too which l thought was quite shrewd TBH.
A BDB on £130k pa - where did you get that from as that’s probably more than ME gets, lol and sure nobody would disclose personal salaries publicly.
As we know the NEDs have been cut down and it’s not just an easy exercise to make people redundant with employment law and the cost of severance pay etc.
All IMHO, NAI, DYOR and GLA!