Member Info for WelshFalcon

You beat me, highest I've paid was 233.

Averaged down to 165 since (but that was hard work).

Wasn't 194 the high following the great Castro Misspeak debacle?

We now have firm, official confirmation, plus the gold plating of a subsequent TR1.

Friday FOMO before the weekend press articles too?

Who knows we may well go over 200!

An embarrassment of riches, no less.

That's official confirmation in the US. Lovely.

This should get all sorts of useful press over there!

Happy Falcon.

If you have a read through Hot Copper's board on SO4, you will find a long thread on a class action some are trying to put together in Aus. Interesting read.

Sign up and add you name if you wish. For me, these things rarely come to fruition, and can be just throwing good cash after bad. I haven't made a big enough loss to make it worthwhile. Some may find a bit of comfort there and like minded souls in another hemisphere!

Sorry, forgot to say - this is published today (20th Oct)

The ASX have just published a letter sent to SO4 on 2 Aug. They had serious questions back then, and now see the need to publish them.

https://hotcopper.com.au/threads/ann-asx-query-letter.6363152/?post_id=56948021

click on the 'download document ' link, a PDF of the letter comes in a popup.

Usual 'fool' rubbish as well. "May have to ask shareholders for more cash"......

160m

Of course there is a direct route to sales, they aren't doing theses trials to find a treatment if they aren't going to use it!

Saying: "Well done, you've passed all the trials. Now go away, we aren't interested any more" would make the whole US sponsorship of these trials would be pointless.

This RNS on a day with BBC headline news calling for reintroduction of Covid restrictions!

https://www.bbc.co.uk/news/uk-58976577

How soon will an Eua be needed in the US, and followed by Europe and UK?

"As of today, Synairgen has not received any data from the ACTIV-2 trial."

So, in effect, this is independent verification that SNG001 works. By a highly respected organisation and independently funded by the US.

IMO opinion that is gold, it is the best 'peer review' we could possibly get.

(still dancing).

Small celebration here, did a little dance.

Note to self: get dressed or close curtains before performing RNS dance routine.

On that note, I'm done for the day - off out now after a slash.

Too many clowns (Colins) about today.

Great RNS, Great future, My Sipp will provide beautifully.

And there you have it. Colin1 displays a complete misunderstanding of how companies are financed.

Properly structured loans are great for shareholder value. If you can make a, say, 16% return on capital and can borrow at less than that, the balance is all profit to shareholders at no cost to them. To do this you need an asset to borrow against (mine perhaps) which does or will produce an income in which to repay.

There are corporate bonds as well.

Shares are for risk capital (which we have provided) to finance the start up (drilling etc).

Thanks be that we have an accomplished financier in charge and not Colin1 who wants all the upside with none of the investment needed to achieve it!

OK, Flashy..... So as Churchill would say, we know what she is, we just need to renegotiate the price.....

Sorry - in jest only....

@Tradehobbs, if only it would be that easy.

To get a placement (with consequent dilution) off the ground, you need one or more institution to step up to the plate with a guarantee. If not you are in all sorts of trouble if the placement fails and falls short.

They should be looking at all options, so this means that there isn't anyone ready to step up, nor is there a ready appetite for further loans (precious little collateral left to offer, if any).

The only route is persuading the existing lenders to put in more and reschedule the existing deals in exchange for..... what exactly?

@Yuri, the plant and Lake Way infrastructure were all put up as collateral to the 9% and 12% funding deals. Capital repayments due to start in March 22.

So not only do they need funds now, they need to get the plant working well enough to produce enough positive cashflow by the end of March, or renegotiate those loans as well.

They need to pull a multicoloured rabbit out of the hat! If they don't, there will be no plant nor Lake Way assets for shareholders. We get to divi up the sale of the Chairman's company car!

Or even John Cleese saying "wafer thin"....... Now, that is an explosive lift off.

Yup, last one out switch off the lights.

So it was a final Pump and Dump.......