reckon your on the money Adventurine - one of my others SPL has...

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Jonesnyc

22 Posts.

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04/03/22

10:56

Post #: 59976689
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Originally posted by aventurine: ↑

The MOU statement back in January definitely did some damage to trust.

However, it did contain a decent quote from the CEO of BTNX which showed both parties intent. Since then they say they have moved to a LOI with POs subject to TGA approval. Both BTNX & SureScreen look like good partners to be involved with.

Around the time of the MOU announcement the TGA changed a number of their processing rules and guidelines (they say) to deal with the influx of new RAT applications. All it did was hand yet another free kick to any company that was already approved for RATs and made it harder and slower for new entrants in the interim.

You could look at the charts for RNO, AT1, ADO & LDX since late January to see they have all suffered a similar fate share price wise, whilst they deal with their individual circumstances.

Let's hope yesterday's capitulation was the flush out of weak hands that we needed.

The TGA process can be complex, especially if there's any complications that arise through the process.

I think if the MOU/LOI had fallen through it would have to be disclosed. So it looks like we're still going through the approval process - just like a number of other companies.

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reckon your on the money Adventurine - one of my others SPL has been canned by the TGA wait.

RNO Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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reckon your on the money Adventurine - one of my others SPL has...

Top Stories

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

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