George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Reagents are used day in and day out. So if they had a 48% incease in orders then that should have easily fed through to the sales line and revenues by the half year as these items should be in stock and sold. I recall that one poster here claimed that MWG had serious issues with supply. Although that was broadly poo pood at the time this is the only reason that I can think why there has been such a calamitous drop in sales. Perhaps the poster was right?
Looking to the future MWG is haemorraging cash - always has, always will. From the car crash DV presentation and (even worse) Q&A it is clear that there will not be and significant revenues from the Covid products for months, or more likely years, during which there will be a massive requirement for funding to complete the development. The combined entities will shortly run out of cash. Perhaps you might like to answer where that funding will come from?
Exactly what I said. In addition the 48% increase in REAGENT ORDERS was in Q1 and as per the interim most were being shipped this month so the revenues will be realised in H2. I think he/she gets it they’re just sly and want to imply the co lied.
This person has a serious chip on their shoulder. Sad really and should move on and look forwards.
There has been a lot of hype leading into the RNS and presentation. There is probably something there but I fear years and tens of £millions away. There seem to be some fairly fundamental questions;
• Will this actually work in the real world. The development is much earlier than I was expecting and there is a lot that can go wrong.
• The messaging on who will be the customer seemed very confused. They really seemed to have no idea how they would commercialise it.
• Where will they get the money to complete the development.
• How will they sell it – they will need a global or regional sales organisations. Until they have someone that can do this then DV will not be regarded as credible. This is where made a real breakthrough with globally recognised sales and distribution organisations standing behind them ready for when the product is available.
• As far as can be made out there is nothing really new or patentable and therefore if there really is an opportunity then it could simply be copied.
We have had lots of hype but no trousers. And not for the first time – as previously noted we were told that the company’s main engine of sales growth had seen an increase of 46% in sales orders - what we actually got was a collapse in sales of 62%. I expect that GB thought that he could bury this by the RNS but he has been caught out.