George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Adani in talks to borrow 600million .....happy Easter all 😊
I fully expect the next Placing very early Q2. It needs doing before the Indian GE, if only to gain support in belief that after the elections the flood gates will open. It's a win win for JC, he's not going to miss this open goal, unlike the one missed in the UK Rollout.
IMO, if the business does start growing, the BoD should explore the possibility of Cyan listing on a market outside of London.
London's extremely poor performance can't be explained away as being part of the normal cycle - it's effed.
The BoD have a duty of care. Failure to uphold the duty of care may result in legal action by shareholders or clients.
Along with the duty of care, the other main fiduciary duty is the duty of loyalty; the duty of loyalty seeks to prevent directors from acting against the best interests of the company.
Thanks for that ITT, 10p is possibly the right time to increase. When I first came in I had about 20m shares (old money) and PI's had about 70% of company, a lot has changed. I think 50p will come much earlier with good news or we will go t*** up with bad. If we get the 20% of 250m we will do alright. Off to look at my bank balance. DYOR
If you buy now, you're getting a 10% discount to the November 10p raise.
The fact that some of the November in crowd got their shares for 7p plus the 15p warrants thrown in for good measure is by the by. That's life.
Hi tonyj
For Cyan to be EIS qualifying (for November 2023's fundraise), it had to be SEEN as an investment with a serious element of risk, otherwise HMRC would not have signed it off and the 'money' wouldn't have received their 30% tax incentive.
There would have been questions asked by HMRC if suddenly news had started flowing in with orders from here, there and everywhere.
IMO, 'THEY' know/knew exactly when the brakes were going to be let off, which is why the 10p fundraise and 15p warrant giveaways were rushed through. A reasonable amount of time needed to pass before the 'growth' could start happening, otherwise it would look too obvious. It's all being choreographed.
The co can say what it likes - it doesn't really care if the SP goes up or down (probably prefers it to go down) because the volatility helps to emphasise what a risky investment it was, should HMRC take a peek.
It's a game - you've either got to play along or give up.
IMO, you may well get your 50p before May'25 is out.
GL
ITT
All you need to know Tony is bonus time is approaching and the remuneration commitee is sitting. Kerching.
..... was published on 20th March, 2024:-
http://nsgm.gov.in/en/sm-stats-all
There are no specific additions to the Sanctioned and Awarded columns, as we possible already knew, but there has been an additional 521,097 smart meters installed, in various states, bringing the total number of smart meters installed so far, to 1,02,23,455 ( 10,223,455 )
Good Luck all.
LTI.
Possibly strong buy. I am a bit doubtful how this dip in SP has come about, something strange. We all know from previous years that the main emphasis was on Cellular, that is why Cellular was developed by CC. So why has JC scared the willies out of new and existing Holders, by highlighting this. Hope this is not an engineered dip that will suddenly bounce back on news and a lot of shares moved into other hands. As I have said before allowing for a negative 50% increase in share numbers, which I was not impressed with especially how they were handed out, but a positive 5 hold increase from our previous 1m unit order book, I would have thought SP would be 50P. So somebody(s) going to make a killing I feel and of course balance of voting rights moving away from PI's. DYOR
Good morning Vas and all,
Thank you for the recent information from Genus Power Vas, it is appreciated.
I had noticed before, that the CyanConnode RNS's, for IntelliSmart and MonteCarlo, did not mention a specific meter manufacturer for their projects. So it is good to get some clarity on who the meter manufacturer is/might be, for these particular projects.
Thanks again Vas.
Good Luck all.
LTI.
Hi Lti .....hope you well ....gic... .taken a stake in sterlite power and ongoing projects ....
"Solid State directors are pleased to report a record year in FY24 with a strong trading performance towards the end of the year. Revenues and adjusted profit before tax* are expected to be ahead of consensus expectations."
However:
"The Systems division has had an exceptionally strong year, with revenues approximately 80% ahead of prior year, due mainly to high demand from customers in the security and defence sectors." (i.e. nothing to do with Cyan).
Https://news.virginmediao2.co.uk/archive/telefonica-uk-signs-1-5bn-smart-meter-deal/
https://cyanconnode.com/telefonica-connode-set-provide-uk-smart-meter-communications-service/
So can we assume Vodafone were successful.... note the dates.
"Cyan Connode's £37 million, multi-year contract with Telefonica O2 to provide wireless mesh networking services as part of the UK smart metering programme."
That's what was sold as the main benefit of buying Connode..... bit like the 60 staff spin. Has JC ever attempted to explain what happened?
Has any of JCs" Inflection" moments ever or will ever come to fruition? Will JC and the BOD still keep pulling in their huge salaries, bonuses and share options while the SP falls through the floor? Why is the SP and bonuses not based on the SP performance as oppose to "jam tomorrow?........ questions, questions.
Take a closer look at the dramatic 'increase' in staff. Yes, they did create new positions, not sure anywhere near the 60 number, but they did add a fair few. From what I can see the vast majority were filled by staff already at CC. It's now hard to find a member of staff without the 'manager' title. All a pathetic excercise, but it keeps some happy I guess.
Interesting Vas, as Monte Carlo and Intellismart already have running orders with CC I shouls imagine they will also be part of the Genus allocation.
A couple of observations from the Genus Feb 24 earnings call
quote - page 6
"I will just clarify that. 50% of the tenders have been floated. I would say tenders worth Rs. 150
million have been floated, out of which Rs. 100 million has been decided and Rs. 50 million
will get decided over the course of next 3 to 6 months. That is the current scenario. And out of
Rs. 100 million, Rs. 22 million is secured by Genus itself. And the remaining, yes, we are in
touch with all the AMISP players – Adani, Monte Carlo, IntelliSmart. And we have secured
good orders from Adani also, we have secured good orders from IntelliSmart, we have secured
good orders from Monte Carlo"
So it seems that Genus are winning their own awards as an AMISP in their own right, and also winning awards as a subcontractor and being given awards to manufacture smart meters from other AMISPs also - such as IntelliSmart, Monte Carlo and Adani ......so if this is to continue - then Genus would need to ensure that they can continue to manufacture Cyan modules / meters so to satisfy the awards they already received, and any future awards that demand a cyan module inside .
If Genus stop manufacturing Cyan Modules , they then lose control of procuring parts as required and become dependent on the general market for cyan parts - something that i know Genus wish to avoid in all their meter manufacturers - they like complete and if possible manufacture every meter part and process, including the entire supply chain of parts .
Interestingly the order in January this year for a million modules for MonteCarlo did not trigger any news from Genus so we assume these must be being manufactured and supplied from somewhere else.
Another observation as far as Genus is concerned is that in the transcript after discussing all the awards they have won, when asked when will the execution start the answer was , yes next year projects will go into full swing.
Therefore, this absence of news should be a distant memory in a month or two , once this ( what seems like) total news blackout on anything around smart meters and awards from utilities , AMISPS to subcontractors etc .
Quote
Question: Another question I had regarding the execution phase. I wanted to know if the execution will
pick up in the next year ( meaning 24/25 , I assume. )
Ans: Yes, the execution will be in full swing for all the projects in the next financial year. .....It is not that we are doing it for the first time. We have done this kind of installation work in the past".
https://genuspower.com/wp-content/uploads/2024/02/Genus-Power-Q3FY24-Earnings-Call-Transcript.pdf
Hi jakeandelwood
I think that the Y/E 31/03/2024 figures will be OK. It's the 2025's that I am becoming more concerned about.
Hopefully, the silence will be broken in April and we'll get a clearer picture of what is actually going on.
Still relatively hopeful long term but who knows.
GL
ITT
Hi ITT, was it rwally that long ago..time flies.
Mr upbeat clearly knew what was on the way. Wonder what spin JC will put on this when YE eventually arrives. Its going to be difficult. I've always said I was here for the end game ,win or lose but even I'm getting bored now. I still think JC has had his trousers pulled down with India. Hopefully I'm wrong.
The 'We are hiring' BS was 12 months ago and the figure was 65.
When this lot say 'hiring', they don't mean employing, they mean using the services of subcontractors - who can be dumped as quick as they picked them up.
I wonder how downbeat 'Mr Tremendously Upbeat' is currently feeling. He'll be getting the chop at this rate.
Hi Tony.
Anyone who believed that fish must be as daft as Triggers brush lol. I doubt they have employed one of that number. JC talks a good game though. Sadly he's been as quiet as a church mouse recently with the exception of the foot in mouth comments a week or so back.
Not sure what happened to the promise of keeping shareholders informed. Not looking forward to the finals which will no doubt contain substantial and cheap share options for those at the trough. Perhaps that's why the SP is being suppressed.
Hi jake, didn't India say a few months back 67 hirings, was it a different number.
Hi jakeandlewood. ....genus invested in a few envelopes .....investors seem happy
Gizmo.
They are usually brown have four folds and gum on two edges......
Many lesser known infrastructure companies brought electoral bonds ..