Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
A further potential positive I took from the presentation was in relation to the two large projects which PYC were expecting to be contracted in the the last financial year but which did not materialise. JM did suggest that these 'may yet come back, they are not cancelled just delayed at this point'
I do not believe that Innovate UK would have set in place a two year £500k + funded project involving PYC if they had any doubts about the ability of the project to be seen through to a successful conclusion and with the likelihood of some worthwhile end results. I suspect that the £300k fund raise was in some way linked to the grant application. Looking ahead, getting the precision dosing tool functioning in a live setting would likely be a game changer for PYC
I think PYC could do well to invest in a packet of Strepsils (other brands are available) for Pete Sargent !!
Good solid presentation with no surprises. Reference Merck, I was pleased to hear that PYC have 'several ongoing projects with them at this point of time'
Dosemerx are clearly pushing for PYC to develop their Precision Dosing Tool to incorporate Neutropenia and G-CSF capabilities. This could improve the chances of a decent commercial agreement with Dosemerx in the longer term
Two very recent releases on Youtube reference Beyond Blood's award winning technology, including reference to recent joint grant with PYC. Very exciting technology to be involved in. Watch 15 minutes onwards on first clip for Manfredi San Germano presentation
https://www.youtube.com/watch?v=Iz5z_LkKjQo&t=0s
https://www.youtube.com/watch?v=B6p1043lsl4
With reference to the proposed EUDA-Theoremrx merger, the original LOI was signed on 4th October and announced on 5th October. The LOI provided for a 30 day exclusivity period with the option of a 15 day extension at the agreement of both parties. I believe that if it were 'working days' then surely it would have specified this
My interpretation is that the 30 day exclusivity period expired on 3rd November and we are now well into the extension period with the final date for a news release being 18th November. As the 18th November falls on a Saturday, I would expect news by close of business in the US Friday night
I recognize that the new project could be seen by some as creating a further strain on cash resources. One could also argue that having a 70% Innovate grant contribution being made towards the development of a potentially valuable asset - the precision dosing tool - is a good thing. The addition of G-CSF to the tool's capability could made it a much more attractive proposition for the likes of Dosemerx. I am happy with today's announcement
The swings in the share prices on AIM sometimes have to be taken with a large pinch of salt. Today we have had one-eighth of a per cent of the company issued share capital traded and we are supposedly 6.9% down
With regards to the fundraise, the PYC discount is not that unusual - it is the nature of the market at the moment
Light Science Technologies, were trading a 4p/share in April this year but could only raise funds at 1p/share. The low-price funding undermined shareholder confidence for the subsequent four months but is now looking much stronger and back trading close to 3p/share
What PYC is short of at the moment is news-flow. Once this happens I feel we could be in for a decent re-rate
In contrast to Valirx shareholders, EUDA shareholders appear unenthusiastic about a deal happening
Share price down from $1.55 immediately prior to the merger news on 4th October to $0.60 on pre-opening today
Recent Cromos Pharma article relating to Project Optimus :-
https://www.linkedin.com/pulse/enhancing-oncology-drug-dosage-optimization-project-optimus
Jim Millen has described Project Optimus as PYC's 'sweet spot'
The market reaction to the proposed merger between EUDA and Theoremrx has been interesting
THE EUDA share price on the day before the announcement was in the range $1.53-$1.55 and rallied following the announcement peaking at $1.93-$2.02 on 12th October. Since then it has fallen and is now in the range $0.80-$0.86
Is this a pointer as to whether the deal will go through. Time will tell. I see this as a 50%:50% call
Started investing here in Mark Chadwick days and been here almost continuously ever since. Sold out at c 4p when the big spike happened and bought back in some months later. Have just short of 1 million shares here
Have enjoyed observing the chat from the sidelines until recently