Great points Thaiinvest, to build on your post...
http://bio-gene.com.au/wp-content/uploads/2020/03/200319-BGT-Newsletter-Mar-2020-Final.pdfNot sure how many people have had a chance to look through the full newsletter that was released the other day (see link above) but I felt it was a good read and have highlighted a few points that stood out to me. Curious to hear others thoughts too.
"Australia’s national grains RD&E investment body - Grains Research and Development Corporation (GRDC) then joined BASF, Bio-Gene and the Department of Agriculture & Fisheries, Queensland Government (DAF), in investing in the research program. I’m pleased to report that this program of work began in January and is progressing well. Jailwarden comment: good to hear things are on track for the grain storage partnerships/testing, just a matter of time before more news on this front, we've got all the right playas in our corner too. I approve.
"We have been fortunate to have Boron Molecular working with us on improving the scale up of the Flavocide manufacture process. Boron have significant experience in specialist chemical manufacturing and have been working closely with the CSIRO chemists who developed a new synthesis process for BioGene. Boron Molecular have been focused on taking that process and scaling it up to commercial levels, at the same time generating additional time and cost saving measures. They are now focused on creating repeated batches of Flavocide which are essential for our regulatory process and providing assurance to our future partners of our ability to manufacture this molecule at commercially viable volumes and prices. The completion of this project over the next few months will represent an important milestone for the companies we are speaking to."Jailwarden comment: "They are now focused on creating repeat batches" this indicates good progress with our MTA's, how much flavocide can we produce, is the process consistent etc. These are very important questions for any potential commercial partner.
"Bio-Gene currently holds $3.5 million in cash, which based on current plans, provides the Company with sufficient cash for at least 12 months. We expect 2020 to be a watershed year for Bio-Gene as we capitalise on the significant progress that we achieved during 2019. We appreciate your continued support and look forward to providing shareholders with further updates in the coming months."
Jailwarden comment: Starting to notice in the last few announcements that management are really emphasizing their strong cash position. To me this suggests that a raise is unlikely in 2020 unless it is late in the calendar year, at which point we will have a totally different look (and fingers crossed an increased SP). Either way its nice knowing we do not need a raise in the short term considering whats going on in the world.
"2020 will be a WATERSHED year" I like sheds and I like water and imo its high time for Jagger to deliver the backpack supersoaker 3000. Holders have been very patient and management know this. Jokes aside: watershed (in business terms) is an event or period that is important because it represents a big change in how people do or think about something. A turning point.
All imo. GL people and stay safe out there <3
