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I wouldn't of said cpx were going it alone but instead have been trying to licence and partner with larger organisations which to date has come to nothing. They would of needed major funds that perhaps weren't achievable to develop and manufacture these products alone and perhaps with hindsight this would of paid off. This is happening now with the murata products but this took a placing and a very favourable deal without which I doubt they could of raised the required capital to setup what they have now established.
That's part of the reason why this sp is ridiculously low and in no way reflects the value of the assets or the potential revenue it will create. When the orders start to build up including new markets with the ioxus products then the possible court case win against Maxwell this will be massively undervalued such that even AIM will have to agree.
I hope you are right but I'm not aware of any link to cpx technology. Skeleton look to be commercially way ahead of cpx whose decision to go down the licensing / partnership route for large capacitor modules not paying off other than the recent Ioxus deal. Hopefully cpx will now get a slice of this market but for the time being any sp value of around 13p is attributed to the IoT business with a potential bonus win against Maxwell potentially seeing a much higher sp. Any tie-up with Skeleton or multi-million £ deal with Ioxus products could see this reach much higher values but as we have all been waiting here for years and years I'll take one step at a time with profitability and 13p being the first.
It really is but unfortunately having topped up lots over the years I have probably too many already. The markets are very poor at the moment with many quality shares at low levels. CPX are progressing and will benefit as and when the markets improve or maybe even sooner if major news lands so happy to keep holding until the sp catches up with the progress being achieved.
Good luck with your investments and understand your views of the BoD. My view is that they did whatever was required to secure funds to keep going and as pointed out some have made significant personal investments at much higher prices than the current sp. I've taken the opportunity to lower my average at below 25p which is the bottom price of many existing warrants and hopefully this will enable me to at least break even and maybe even see a profit. I too have concerns about the current set up being able to meet demand but with the successful validation of the technology at 230MeV believe what they have achieved to date to be worth much more than the current sp. More funding is required and still much to do to complete the accreditation process but I just can't see industry in this sector preventing this technology from coming to market it's just at what price is the big unknown but we'll find out a lot sooner than what it took to get to 230MeV that's for sure!
I remember this climbing all the way to 18p and after a big fall back up to 14p.
I still believe cpx is progressing at the very least as expected if not better, unfortunately the market is dire if you look at companies such as itm, ceres, afc and many others in this energy sector they have all been hammered.
Funds have quite clearly been taken out of this sector and this affects cpx whether it's justified or not.
It will turn around and having been here many years like some it is very frustrating. Just have to be content that my money is invested in a company going in the right direction and growing. There are some real stinkers on aim this is not one of them and you don't want to be suckered into any rubbish out of desperation. The funds will return and cpx will benefit, many here will now exit early on the way back up and it wouldn't surprise me if that too will lead to frustration as it then rises way above previous highs.
Those loss figures are there in the accounts if you scroll down near the bottom. Some negative poster highlighted this on the other advfn bb. Can't say I fully understand how they are derived and that they don't necessarily directly relate to how the figures are presented to show the move towards ebitda and cashflow positive positions. Maybe someone with appropriate accounting skills can explain.
As AVO have managed to secure a small number of contracts prior to achieving 230MeV I'd be very surprised and maybe a little concerned if more aren't signed before the end of the year. Whilst it might be optimistic it is possible for additional machines to be installed throughout 2023 so that by the time patients are treated at Daresbury and the necessary accreditations are achieved these systems will be ready and waiting to be deployed into commercial operation. Hopefully we get news this is taking place otherwise it will be another long wait we could do without as I'm sure the owners of Harley St must be very eager to see some development at their facility.
The last presentation from Karmalawy Moataz he mentioned once 230MeV was achieved there would be parallel activities along side the accreditation work to manufacture and build systems. I would imagine one of these would be for Harley St. He also stated this would require funding that again would take place after 230MeV.
In the present market conditions raising the required funds at a decent price will be an achievement in itself and as already mentioned the exercise of all the 25p warrants will further boost the bank balance.
I guess the uncertainty around this next step being the price funds are raised at coupled with the wider market turmoil has resulted in a rather subdued sp which is a great shame but hopefully this all gets sorted soon so the sp can start a steady climb to a fair value that reflects the progress of yesterday's news.
Yes Jayber this news back then would of catapulted the share price way over £5 but we've had a 25:1 reverse split and a ton of new shares since then so a more realistic share price of around £1.50 somewhere inline with broker forecasts is more than achievable in my opinion and hopefully we'll get there soon. It's all a bit of a mystery on AIM but this is a significant milestone turning what was a bit of a gamble into a real revenue generating business. Good luck anyway still much work to do but should be a breeze compared to the last 6yrs of torture!
Fantastic news wasn't expecting it until end of October so very pleased. Don't forget there are a significant amount of 25p warrants to be absorbed but once these are out of the way this is worth significantly more. We should now look forwards to a raft of positive news regarding further progress towards accreditation and new contracts. As the order book starts filling up I would imagine some big players will start looking closely as this really is disruptive technology that will shake up this market.
Very level advice Wyn that will require discipline to apply. Having bought in here over 2yrs ago with little research my simple plan was to achieve 100% and reached that milestone very quickly. However having carried out more post acquisition research realised this was going to go ballistic once the nailed on lft deals were inked so held on to see 200% gain in just a few months...this is easy. Bit more research and discovered the therapeutics side of the business is going to be even bigger can't believe my luck. Few months later 200% gain turned to a 50% loss oh dear but by this time the therapeutics was motoring ahead and have since returned to a position of profit.
With discipline could of had a good 100% profit, if wasn't greedy could of got out with 200% gain. Having been completely sold on the potential of PreCision I have no idea what or when I will get out of these as the story may just get better and better.......or fall of a cliff but I'm staying to see how it ends.....or might be tempted at £5 or why not £10 no selling some at £3 final!
It's not that at all they're just in a very difficult position in that being completely transparent with timescales is not good for the market. Unfortunately the consequence of these apparent delays is reputational damage and very frustrated share holders. Hopefully all this will be forgotten when they complete before the end of October and potential customers will have the confidence to sign contracts for future orders which shouldn't be too difficult to secure with such a compelling commercial and technological advantage.
Thanks BB and appreciate the reply did wonder whether you asked the question and on that basis they have missed another timescale and my BST expectation is overly generous.
Still doesn't change the investment potential really but only further erodes the BoD's credibility and is why I believe when they achieve a working validated machine a takeover is a serious consideration.
I agree summer is over but the term was used to be as vague and ambiguous as possible with the 31st October being the end of BST always one interpretation. If they miss this date there is always the Southern Hemisphere time difference to fall back on.
It's a shame Billy Bunter didn't put the summer question to them at the agm. Still find it strange no one asked what avo's definition of summer time is.
It's quite clear they don't exactly know and are trying to minimise the damage of giving an achievable date that is too far out. Whilst I was hopeful of an earlier date my expectation was set for the 31st October being end of BST and I really hope they don't disappoint on this as all PI's in this share especially loyal lth's will be deserving of positive news.
Yes and unfortunately Avo BoD are notoriously bad at hitting any timescale. Some here including myself have been waiting over 6 years since the last big 'switch on' event. Very frustrating but just have to accept it's very close and potentially could be very rewarding when it finally works at 230MeV.
That is correct Open but the 4.28 price on the 16th Sept is GBX so although the heading states AUD for some reason the prices shown are sterling pennies so 4.28p to 15.6p which is 265%. Mind you 15.6AUD is £9.20 so maybe we are both wrong!
And those figures are GBX as in pennies sterling not AUD as forecast which is a bit confusing. So not too far away from 20p that many here including myself see as a medium term achievable sp. No doubt AIM will have a completely different opinion but at some point the value of what the company is achieving will be reflected in the sp. Hopefully the statement on the 29th will be very upbeat to start the ball rolling.
From the pre-close trading update:
The Company's results for the year ended 30 June 2022 are expected to be released on 29 September 2022.
If it is the 29th we should get an idea of how Q1 of the current financial year is going.
Haven't you heard the news.....avacta delisted overnight, renamed as Good Therapeutics paid off all existing shareholders and privatised then sold out to roche. I take it that this is not a serious suggestion.
I don't think profitability was forecast until this current financial year starting 1st July 22 to 30th June 23, therefore assume you mean February 23 figures for the half year to end December 22. Those figures should confirm editda positive and becoming cashflow positive in the2nd half.
Hopefully on the 29th we get a current trading statement as part of last years results which indicates all is on track.