The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
cant see anything significant being said at the end of the month now either. Standard fare again from AVO, they cannot keep kicking the can down the road forever. can they actually do it???
Pugsy you are correct and i have previously posted....Straight from the horses mouth! The production facility is expected to be ready to receive LIGHT system components in Q1 2018, with all components due to be installed to create a LIGHT system operating at the maximum required energy ahead of the expected completion of the building in Harley Street in H1 2019. We should have had the fully functioning machine and all the building works complete by the end of June. As far as I am aware none of this has happened.
I’m not upset that you lied to me, I’m upset that from now on I can’t believe you.
could not agree more PM44, what have all the other big players been doing for the many years AVO have advertised this revolutionary technology, sat on their hands??? don't think so! We absolutely need to be first to market by a long way and build some real traction before we could fend off any challengers. other than that a takeover.....assuming we have something we can actually sell.
had the tone of a cautionary statement...back to sleep until the AGM. hopefully the machine will be officially complete then. still not hitting milestones, worrying.
Got the same from Halifax - They will transfer back if eligible. Greatest comeback since Lazarus needed though!
How did you guess???
Had a quick look and seems like a thoroughly egregious individual. I would be concerned about their overall wellbeing and mental health if that is actually his/her job. Can’t be good for you.
looks like the final results should be due tomorrow. hopefully we will get a bona fide techinical update but i feel we will have to wait until mid July (AGM) to hear something completely up-to-date.
Good evening all,
I noticed something on the website a few weeks ago (probably been there for ages)
From the website:-
Recent Work
Since attaining operator status of Block 12, Frontera has demonstrated the producibility of shallow gas deposits in Pliocene sediments. Presently, Frontera is selling MGC produced Natural gas through Georgia’s gas distribution grid.
Last Mention I can find ½ year results 2018:-
As previously announced by the Company on 8 May 2018, Extended Well Testing ("EWT") at Ud-2 well, situated in Mtsare Khevi Gas Complex of Block 12 in Georgia, commenced on 21 April 2018.
The Company perforated and with 57 tons of proppant mechanically stimulated 9.5m out of gross 27m interval situated between 2519m and 2446m of Middle Miocene aged Zone F. During the clean out phase the well flowed dry natural gas, carrier fluid with some proppant and cement particles. It has transpired that cementing around the casing at this section was of very poor quality and, accordingly, did not allow achieving a designed fracture geometry during stimulation and prevented continuous clean out process of the well. Maximum flow rate of 150,000 scf/d of dry gas has been recorded during the testing period.
Based on the current well test result, the reconfirmation of the presence of Middle Miocene aged gas in Zone F and the potential to increase stimulation efficiency by improving the fracture geometry, the Company is considering the option of sidetracking from the existing wellbore of Ud-2 well. In the meantime preparations underway to plug and abandon the well.
Shirley if you are going to lend someone £60m or 150m you need to be 100% sure you are getting your money back – With FRR you would want to be 1000%!!!
Thoughts appreciated???
you are right AussieBattler it really is very poor and shows a total lack of respect for all shareholders. Anything the supersluths have found out in the public domain e.g. the Ukraine tender could have been communicated by the company without prejudicing the trial. Very disappointed.
at least now we will see whats what. the next stages (if it goes ant further) we will see if FRR intend on calling YA as a witness (if they are involved) and what evidence they actually have against Hope/Outrider.
Traditionally toward the end of July.
I thought we were trading insolvent in 2018???
from twitter:-
Hi Philip, @AdvOnco is finalising its assembly centre at @DaresburyLab, to test LIGHT to 230 MeV. @AdvOnco looks forward to updating shareholders at the Annual Meeting, on developments both at Harley St & Daresbury. Thanks for your support, email avo@walbrookpr.com for updates.
Good find Ian, a little concerned about the closing date for the application 2nd July so start would be August and the job spec. "Providing technical updates" suggests the machine will not be ready by then. I hope I am wrong but another timeline reissue looks likely.
Nicofisher from below - the production facility is expected to be ready to receive LIGHT system components in Q1 2018, with all components due to be installed to create a LIGHT system operating at the maximum required energy ahead of the expected completion of the building in Harley Street in H1 2019.
the schedule now is that the first building site is ready for fit out so we are talking weeks to do that so we are now in September with no mention of the fully powered machine prior. the share price is actually 1.8p when you take into account the 25-1 conversion so in reality the share price has tanked in the last 2 years (my average is £1.99) probably to lack of communication and any real progress regarding the machine.
extending the dates every time you give a presentation or release an RNS does not mean that it is on track (below).
i an many others have been in this share at sub 4p levels when regulatory was scheduled at Q1/17 and first patient was allegedly Q3/17
Thu, 28th Dec 2017 07:00
RNS Number : 3926A
Advanced Oncotherapy PLC
28 December 2017
Â
ADVANCED ONCOTHERAPY PLC
("Advanced Oncotherapy" or the "Company")
Â
Technological update
Â
LIGHT accelerator and Harley Street construction on track and on target
Â
Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that it remains on schedule with the development of the first LIGHT system, as per the  timetable provided to shareholders on 6 March 2017, and provides the following technological update:
Investor presentation and Update
Mon, 6th Mar 2017 15:30
RNS Number : 6494Y
Advanced Oncotherapy PLC
06 March 2017
Â
ADVANCED ONCOTHERAPY PLC
The Company's strategy is to establish a mass production facility, which will be ready for production once regulatory approval for the LIGHT system is granted. The Company continues to advance the arrangements with its manufacturing partner, Thales, to establish two custom designed series production lines for volume production at their factory in Thonon, France. The production facility is expected to be ready to receive LIGHT system components in Q1 2018, with all components due to be installed to create a LIGHT system operating at the maximum required energy ahead of the expected completion of the building in Harley Street in H1 2019.
strong fundamentals underpin future growth blah, blah, blah. heard it all before several times AVO/Hardman. there is no grow at all without a fully functioning machine that we can sell for money............still overdue.