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I read the first paragraph plus a little bit. Decided that it was a highly politically motivated document, so didn't read any more. Deleted.
How would you manage the announcement of a transformative cancer drug? One with worldwide implications for oncology and also for the potential financial effects on the market.
You don't just put it all out there in an RNS just before the christmas/new year break and hope that all the important people you need on board are paying attention.
Seems to me that they have come up with a pretty good plan. Have set up a series of events designed to engage all the people that they need to.
Today's RNS is simply waving the look over here flag, very loudly.
Once new year is over another RNS and release of important data will be the 'I told you so' RNS.
There is then a few short weeks for the PR machine to do it's work so that 23rd Feb is fully attended. Full release of data and the RNS to end all RNSs, maybe?
They also need time to engage with and spark interest from the various government agencies worldwide (FDA etc....).
Looks to me that they have put in place a carefully thought out plan of action.
We have the look over here RNS today, I will be keeping my eyes out (on stalks) for any/all news from about AVACTA. They have started the ball rolling.....
You don't need any money at all, all you need is a licencing deal where you retain ownership and someone else has to put up the cash to get it to market and pay you for the privilege...
Methinks that someone forgot to unclip the travel safety lock on his balance! Either that or he/she is balanced against what???
Happy Falcon here......
*hint*
To be fair, I doubt that SD would come up to the standard and experience that NCM would be looking for. All this SD jumping ship stuff is pure FUD.
They would need someone with much more international experience and contacts, they have a fair amount of non Aus assets which requires a much broader experience skill set. They would also be more interested in someone with more Copper etc. knowledge as this where the expected growth will be in the short/medium term (they int at this in their announcement too).
Strokes chin knowingly.... With immediate effect. Wow indeed.
How does the saying go? The one about 'never a truer word.....'?
Number 6 has a high chance of coming true......
Happy 'thing' to all.
Lol... Check vs Cheque = American vs Normal (not American).
Following a pattern.... "I'm not a........." yeah right!
We believe you, we weely, weely do honest.......
Bore off with your 'reviews'.
I never place any weight on reviews.
If published by the company being reviewed, likely to be highly selective.
If on an open review site, open to 'bad actor' action.
You have to think what motivates someone to post a review - if all is fine and you are happy, then you are less likely to suddenly have a need to post a review. It is generally the extremes that post reviews, those with an axe to grind in either direction.
How does it go - "lies, damned lies and statistics..."
So..... the company (and NCM) no longer need to put out any information on RNSs or MREs or anything at all.
All you need to do is ask a stupid question on an online forum to find out what is going on? Just the basic research isn't required nowadays.....
https://www.bbc.co.uk/news/world-australia-63605824
Cruise ship with 800 Covid cases docks in Sydney...
Once approved, how many cruise ships (and other confined concentrations of people - prisons, navy, barracks etc) will need to have on hand a respiratory anti viral. How many doses will they need to maintain?
LOL, my **** is very happy with the actual extras I did receive!
Some total numpties on here....
Really? So the extra shares I ave actually received are an illusion????
To sow doubt is simple. All you do is pick one item (normally cost related) and spin a scenarios around that again and again and again whilst completely ignoring the whole picture.
This myopic attention on the funding is exactly that, nothing else.
In reality we have a 70% JV partner with their own problems. Telfer. Hav's processing plant in waiting. NCM can't close it down, to restart and try and re engage up to 1200 skilled staff you had to lay off is a big no. So they keep digging out more low grade ore to keep the doors open! The latest set of figures shows that NCM are currently running Telfer at an AISC in excess of the gold price - they are losing money on each and every ounce of gold that they dig out.
So NCM are in desperate need of high grade ore to feed Telfer. The only place that they can get that is from HAV. The decline is still progressing to that end along with the needed infrastructure roads etc.etc.
In reality, the delay to the FS makes total sense. If there is any way that they (NCM) cn bring forward the extraction of ore and get it Telfer, then they are going to find a way to do this. Expansion of the mine and extension of the Life of Mine are a given. If they can class Hav as a Tier 1 mine, this makes their funding decisions easier (internally within NCM, obviously).
The FS will be very interesting IMO, every day that they can bring forward production saves them (NCM) money. It makes little difference to us on our share of the funding. We have everything we need along with a buffer as described by SD. The push will be to get ore out and in quantity. New decline(s) / shafts and below ground expansions will be a future cost which will be covered from production (NCM need to start showing a ROI, not continuing costs - made loud and clear by their shareholders).
So, in reality, we may well end up in a position where we are over funded to earlier production as the 'time' costs to a FCF position is reduced.
All this focus on the AS$320m funding in isolation is really daft and unproductive. That is unless you are seeking to sew doubt etc.
Sit back and wait for the FS. Keep the champagne on ice ready for when it drops.
I only asked for a modest amount with free cash I had on hand.
I wasn't expecting any extra to speak of, but ended up with a little over double of my initial allocation. Equivalent to 2% (almost exactly 2%, 2.004%) which I'm very happy with, they do seem to have favoured the smaller holding/requests.
I did buy some extra in my ISA at around 110, so have almost doubled my overall holding.
You'd have thought that an open offer / rights issue etc. has never ever been done before!