Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Looks like someone has tipped this today.
David and GB, thanks for the explanations. The issues surrounding the virus are complex and not easy to understand. With all that countries and people have gone through in 2020 continuing into 2021, I would be surprised if we are prepared to rely just on vaccinations going forwards. We have all been imbued with a sense of fear/caution of this virus. I suspect this caution will remain for some time, especially with the older generation and people who have been exposed to the virus at the front line.
I wonder when I will be able to put in my order for the Microtox BT Breathalyser!
Yesterday I had a text message from my GP that my vaccination will take place by 15th February, in Dorking and it will be the Pfizer one. Excellent, now I can continue with the lockdown safe in the knowledge I will be vaccinated soon and be free to resume life as usual. Or can I?
It appears that the Pfizer one-jab has approx. 80% efficacy. What does that mean? Will we stand a 20% chance of catching the virus if we mix with virus carriers? Will 1 in 5 people vaccinated catch the virus if exposed to it? For the AstraZeneca one-jab the efficacy is approx. 60% it seems.
This is my understanding. Please correct me if I am wrong.
If correct then, after prolonged safety measures, should we carry on with life as normal? Should we go to eat in pubs, to theatres/cinemas, universities, workplaces, sports events, on trains, planes and in hotels, ships as before?
Do we want to bet on the odds of 80% respectively 60% chance of not catching the virus? Or do we need greater security?
The obvious answer is we do need greater security. We want to know the pub, plane, hotel, ship, football stadium, hospital guarantees to us it is virus free.
My understanding is that vaccinations are essential but not a 100% solution to eradicating the virus and for us to become virus free.
Therefore, unless I am wrong, testing along the lines of the Microtx BT Breathalyser System is essential. Either that system or something similar.
Slipperyslip, yes I held GUN in an ISA and used the proceeds to buy Rincon in the same ISA. I took the view in early December that my main interest in buying GUN was Rincon. Once the allocation of the placing showed that GUN help 16.5% and Rincon was then available to buy, it made sense to me to transfer into Rincon to get 100% exposure.
IMO Rincon is so undervalued - it's under the radar in Australia, not really followed in the UK except here, has so much successful drilling history for South Telfer and is cashed up for two years with a very clear drilling/exploration plan. So much to like about it. All for £12m.
Destiny continues to be under the radar of investors and the market. Today's announcement relates to the XF-73 drug, initially being developed for the prevention of post-surgical infections, such as MRSA. which cause significant complications and increased healthcare costs in the hospital setting.
Phase 2 B is now fully recruited and results are expected this quarter.
XF-73 has achieved FastTrack status awarded by the FDA. Quite an achievement when you look at companies with great drugs that have not achieved this status. It is well known that infections are becoming resistant to antibiotics and that a new form of combatting infections is needed.
There is also a significant commercial opportunity for XF-73 in the hospital setting which we estimate could generate peak annual product sales of $1 billion in the US alone.
We had a discussion a while ago about how to buy Rincon through a UK broker and I commented on ii as it is one of the brokers I use. A number of posters have an account with HL and said they do not allow Aussie trades. I have just finished moving my entire GUN holding into Rincon with the last final purchase being made through ii. The transaction was easy and worked perfectly. My main reason for buying GUN in the first place was due to Rincon and it seemed better to me to hold 100% of Rincon rather than 16.5% through GUN.
I wish you all a happy, healthy and prosperous 2021. As those of you who were part of our Action Group in 2020 know, last year was a year in which Metals Exploration was deeply engaged in debt refinancing and also had its operations affected by covid.
I am looking forward to the Q4 2020 results later this month. Hopefully, they will be one of the best quarters as a number of improvements have been made to the processing plant.
Then I think we will all be looking for gold recoveries to improve towards the planned level. If this can be achieved, gold production of at least 80,000oz should be in sight. Assuming a price of gold of $1900 we could be looking at a share price some multiples of the current price. All IMO. Please DYOR.
Les
There is so much good information on the company’s websites and on this discussion board about the company’s business. The company’s management is very communicative with shareholders. Excellent! But there is one big gap - the breathalyser.
Is it a major business project? We do not see a separate business unit devoted to the breathalyser. Nor are we aware of any workplan and associated news flow. It seems the project is going through three stages but what is the current position, what remains to be done before launch, what are the launch plans? Will it affect us as individuals as well as shareholders?
I think we are all interested in these milestones not just from an investment viewpoint but also due to disruptions in our lives that the virus has wrought.
As mentioned previously the UK and Ireland is the company's home market where its directors, staff and many shareholders are located. The company uses the infrastructure of the the UK and it is in everyone’s interest to use the breathalyser to improve our lives.
Please GB can you help us to understand the company’s way forward with the breathalyser?
Many thanks.
GB many thanks for the information. My questions were directed to the breathalyser and not to the water applications as testing people for COVID appears key to getting the epidemic under control.
Yes, I could not understand why the ticker RCR is described as Tomlinson Limited on the a d v f n website.
The confusion was not limited to the UK. As mentioned earlier the Hot Copper site showed a market cap of some A$231m earlier today. This has now been corrected.
All very confusing and, I believe, this is why Rincon's share price increased by only 50% on the first half day of dealing. It has been flying under the radar on it's first half-day of trading.
We should see a more realistic price for Rincon tomorrow and in the following days. This should also be reflected in a higher price for Gunsynd tomorrow!
It's a must see - the presentation given by the Chairman. https://www.youtube.com/watch?v=pTTzpTQnEks&feature=youtu.be
He explains all the tenements with Westin having a 25km strike length and Laverton having already seen drilling results including 7m @ 15.9 gms per ton. Exciting times tomorrow once we see how Rincon's share price closes.
A new company presentation was given today.
https://www.youtube.com/watch?v=pTTzpTQnEks&feature=youtu.be
Rincon rose to 30.5 cents in its first day of trading. There was a lot of confusion at “Rincon Resources” in Australia on Hot Copper which shows a market capitalisation of A$231.5. Clearly wrong. It should be nearer A$15m or £8.8m.
Once this confusion is sorted out and Rincon gets the correct publicity its share price should find a proper level, which could be much higher.
Will Rincon see 80 or 100 cents, which would value it at £27m. Hardly expensive when you compare with Artemis £75m and Wishbone is valued at £18m.
Tomorrow should see more price action on Rincon. 100 cents maybe not, but it could come close. GUNSYND's share price should benefit once the confusion surrounding publicity for Rincon is cleared.
Garry, I cannot agree more. The UK and Ireland is the company's home market where its directors, staff and many shareholders are located. The company uses the infrastructure of the the UK and it could be argued that the company hasa responsibility to serve this market first. A successful roll out of the Microtox BT in the UK would be a first class endorsement for sales to any other market in the world.
Whilst China and the USA are larger markets, they will not go away if the company commences sales in the UK and Ireland first.
Please GB, can you clarify the marketing intentions for MicrotoxBT?
Many thanks.
A new high grade discovery by Eagle Mountain.
https://newswire.iguana2.com/2fee0049d633f441/announcements/em2.asx/6A1013236/EM2_Announcement_6A1013236.pdf?download=1
Artemis nearly bought Rincon last July here is the analysis of Rincon that Artemis issued at that time.
https://www.asx.com.au/asxpdf/20190716/pdf/446mywqyt7yzgy.pdf
You can see why some at Artemis wanted to buy Rincon. Also, Rio Tinto tried to buy the three projects but were pipped to the post by Rincon. To me this looks very good indeed.
For those that have considered the political/country risk for Metals Exploration, it is interesting to note this continues to be relatively favourable. OceanaGold has a mine in the same district as that of MTL's Runruno and had encountered local problems relating to the renewal of the FTAA that enables a company to operate a mine. Two days ago the following item was reported.
"OceanaGold has been informed that the Office of the President of the Philippines has directed to complete the renewal of the Financial or Technical Assistance Agreement,"
It is good to have a favourable operating environment as other issues appear positive or moving in the right direction, e.g, gold price, progress in processing, resource available and potential for growth. Gold production has been hit by covid and other factors this year but I am hoping to see a record gold production in Q4 2020 and likewise for the year 2021.
I hope DVRG can provide the test. https://www.bbc.co.uk/news/uk-england-birmingham-55280142