George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Got in. Use this link.
https://buff.ly/3AFNVp5
From RNS 24 Sept 2020.
"Microtox BT and Digital Health Pass - on the spot triaging of COVID-19 infections offer potential to re-open the economy
Integumen recognised that in collaboration with Modern Water , Avacta and Aptamer Group, its real-time detection and alert system could be adapted to detect the level of infection of coronavirus in a breath sample. Adapting the wastewater test, Microtox PD, the Company has designed, built and tested a prototype, Microtox BT, which can analyse the breath and detect the spike protein of SARS-CoV-2 in real-time for those with a high viral load. Microtox BT has undergone extensive internal testing and will now transition to the University of Aberdeen containment level 3 laboratory, to undergo tests directly on the virus followed by a joint trial of up to 5,000 participants in parallel with third parties using reverse transcription polymerase chain reaction ("rtPCR")[i] and Antigen tests. Results are anticipated before the end of the year and Microtox BT is expected to be a Class 1 medical device[ii].
The Company believes Microtox BT has the potential to enable instant real-time testing of people within the community. This could be capable of providing daily triaging of everyone who may or may not demonstrate levels of infection. To "open the economy", Integumen has incorporated a 24 hour Digital Health Pass that indicates if the person tests positive or negative for infection. Matched with blockchain secure date and time stamp of the test, the Company believes Microtox BT and the Digital Health Pass using "one second" QR Code scanners could potentially contribute to enabling the economy to re-open with personalised go/no go entry into venues such as work, events, social locations, public transport and airports."
This was price sensitive information. So we must assume progress or lack of it is also price sensitive. An RNS update is needed.
We all seem to be shareholders here and the danger is that the BB has become a fan club rather than a useful discussion board. The market is littered with similar boards and many such companies have disappointed.
I have been reading the posts by muggins and the responses. I'm very watchful of derampers and rampers but whether a shareholder or not muggins has raised points worthy of discussion. But let's be blind to him as he doesn't fit the norm on the board. He raises valid questions/issues that no one wants to hear.
Instead of discussion we get "you need to sell", insults and ramping replies like "£10m guidance is a dead cert". This helps nobody and just creates a false sense of security.
Come on, lets keep feet on the ground and manage the downside by useful discussion.
The share price is where it is, IMO, not due to posts on this board but due to lack of contracts notified by RNS by the board. We have seen much hype and promise by the company that have not been turned into hard business revenue. We probably all agree the opportunities are significant and exciting. But the City wants to see businesslike presentations by the board and solid RNS announcements of contracts/sales won and not twittering ad infinitum. Where are the contracts? Hopefully they will come but until they do there are good reasons to be a nervous supporter.
Just cannot see the business acumen of continuing to offer the free trial. What about all the customers/shareholders who have paid for the service? How do they feel now when they could have got it for free? If the service is so good, and it is, why not discontinue the free trial and make it paid only. Also, why did GB promote the free trial, and not the paid for service, with Zak Mir Sunday Roast interview?
IMO what an awful interview on ProActive investors. It was a missed opportunity. The questions were asked and rather to take the opportunity to promote the company and it’s achievements/projects in a structured manner, it was a rambling talk about details that did not seem pertinent or hang together. The talk was interspersed with laughs and “you know” must have been said 200 times - I don’t think I am exaggerating. This is so disappointing.
Feedback from the City has commented that GB’s twitter activity should be delegated and the CEO focus should be more on action plans, milestones and a structured reporting of these formally to all shareholders. This seems to make sense. I am not aware of any other CEO who uses twitter in this way. Surely valuable and can be better spent than by covering all sorts of details on twitter.
Clearly, CB is an excellent entrepreneur. He has transformed DVRG and developed superb strategies and results. Now must be the time to get the PR and communications moved up a level.
Steve, good posts.
Clarification as I see it:
1. AA has a buyback option where Xtract can refuse AA's valuation but not an independent valuation.
2. AA's option covers the license area and not just the Racetrack project.
3. AA's buyback option is based on the 2m tons being established as an inferred resource. This inferred resource cannot just be stated by the company but requires a formal JORC.
4. If Xtract see a larger resource than 2m tons they are not compelled to commission a new JORC. For example, they can continue drilling as long as they want to before officially establishing an inferred resource via a JORC. They might wish to drill out Footrot prospect.
IMO CB is extremely astute and knows what to do to establish maximum value for shareholders.
I can understand concern about lack of news on key areas of the company's plans. But in the current market even good news seems to be ignored.
Having spent a good number of years in business implementing plans, from experience I know that anything worthwhile takes time, meets unexpected difficulties, problems that need to be overcome and are often dependent upon third parties. News will come when it is ready. My impatience, or that of others, is of little consequence. In my view the company makes huge efforts to communicate well with shareholders, customers and markets in general.
The company's business is in markets that demand new solutions and will experience huge growth. strategy is innovative, embraces AI, based on data accumulated over many years, will gather unique data going forwards, is disruptive and is in areas crying out for change. Why on earth should I be impatient! Other successful entrepreneurs and companies did not achieve everything in 5 minutes, so why should Gerry Brandon and Deep Verge?
Have to admit being underwhelmed by the launch of STC.
The pricing is higher than previewed and seems not to be targeted at the mass market. I know the company likes repeat income, as do we shareholders, but i cannot see huge customer numbers subscribing at the quoted prices. £170 for a spot check with two kits and £75 a quarter for a subscription service. Maybe those with skin issues or with close media attention will subscribe £300 pa! I would have thought a single spot check at £85 would have attracted a mass response but at £170 I am not so sure. With a single spot check at £85 it would create a larger customer base to market further checks in hot weather and in winter when different factors affect the skin.
My other criticism is the inclusion of a promotion/discount code on the shopping cart. This is not the way to sell and exclusive/upscale service. It just leaves a customer feeling he/she has overpaid as the code was not available. For an exclusive product/service surely a downmarket discount code is not necessary.
The company's other product Stoer Face Wash is sold on a subscription basis as well. It's a great product but sales are small and it only breaks even. I have bought it to try but cancelled the subscription.
Much has been made of the 95% conversion rate but who are these people. As a shareholder I applied but was too late to be accepted. Can it be that most of the 95% are shareholders, in which case the conversion rate may be misleading?
I am reluctant to pay £170 for myself for this test but will pay it for my wife. As a shareholder I want to see the full service and want my wife to benefit from it. But will the average non-shareholder man in the street buy this - I don't know but do not think so. There is a mass market out there for this service and the company should grasp it.
Chrysalis1, the cynical answer is that only DVRG shareholders would have benefited from acquisition of MSYS not the many who bought MSYS shares at 10p.