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UK micro > small cap 🔬 snap shot
#Novacyt
Sales - £277m
Cash - £92m
COVID prods on sale - 10+
Market Cap - £565m
#Abingdon, #BBI, #Omega, #Avacta, #GeneDrive (#GDR) & #Yourgene
Sales - £28m > £30m (Yourgene £18>£20m)
Cash - 🤔
COVID prods on sale - 3🤔
Market Cap - £761m
#Novacyt
Sales - £277m
Cash - £92m
COVID prods on sale - 10+
Market Cap - £565m
#Abingdon, #BBI, #Omega, #Avacta, #GeneDrive (#GDR) & #Yourgene
Sales - £28m > £30m (Yourgene £18>£20m)
Cash - 🤔
COVID prods on sale - 3🤔
Market Cap - £761m
There's a margin of error to account for BBI accounts which aren't public, awaiting GeneDrive which reports 31/03, Avacta account were published 23/01 last yr.
Say £5m tops. Small fry when you consider imbalance of collective market capitalisations.
Say £5m tops. Small fry when you consider imbalance of collective market capitalisations.
A bit of background to #KAV @KavangoRes and their RNS today, which is generating deserved interest 1/
In much of the world, the low-hanging fruit have been found. "Out cropping, at-surface" etc.
Explorers are now having to move to new areas, where there are no visible signs at surface to guide them. 2/
Explorers are now having to move to new areas, where there are no visible signs at surface to guide them. 2/
Good examples of this are #MOD @ModResources in Botswana. Their T3 deposit is hidden under featureless desert. It was found by soil anomalies and fancy geophysics before drilling. 3/
#KAV @KavangoRes is setting itself up to be a very attractive pure "discovery drilling" play, and its showing all the right signs. 1/
First, #KAV is first-hole-in-an-area, pure discovery drilling.
Not infill, step-out or other follow-on holes. Yes these are a necessary part of the journey of a junior, but market excitement comes at initial discovery. 2/
Not infill, step-out or other follow-on holes. Yes these are a necessary part of the journey of a junior, but market excitement comes at initial discovery. 2/
Second, potential for scale. The business model for what I view as a "proper" junior (IYSWIM) is to find an asset large enough to be of interest to pass on to a mid-tier or major.
The KSZ licence area is huge, the length of Wales. 3/
The KSZ licence area is huge, the length of Wales. 3/
