George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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NIKIKI
from January accounts update..
Impact on Inventory funders
The impact of COVID-19 on Inventory funders, that is the investors in the securitisation notes backed by the inventory portfolios, has been more difficult to interpret. Interest rates are at historic lows which means that investors are getting lower returns on capital compared to previous years when higher interest rates were the norm. SYME's new inventory asset class will offer a strong relative margin compared to interest rates on a risk adjusted basis. However, investors are undoubtedly more cautious and taking longer to make decisions. Time to close transactions, not only in Inventory funding, but across the investment spectrum, has increased.
The three to four month delay that SYME announced in July to its initial end September forecast to complete the first Inventory Monetisation has been the result. We are positive about the performance of the Company in the coming months as the first securitisation transaction closes, and the recently announced Captive Bank and the Shariah investment structures launch. The re-opening of the global economies as the uncertainty caused by COVID-19 dissipates will undoubtedly also help.
there has been a pandemic happening with mutiple lockdowns that weren't anticipated.
has AZ has missed deadlines. YES. does it **** me off . YES can I understand why there might be delays? Yes
trying to get funders to commit capital to an unproven concept during a pandemic that has not yet ended is no small feat.
Do I think he will get it done eventually?
Im willing to wait and find out.
Lol - as of next week richinvestor ,
Empty your bank account, empty your piggy bank, empty you wife's account, empty your business account, look down the back of your sofa, look under your car seat, pick a penny up off the floor , get topped up and sit back and watch the fireworks. GLA LTH LSeking > syme global
This is like a deja moment ....I thought I was back on the NMC Health BB
justthe fat mam, have you ever been happy? you miserable tw4t.
Red, I agree 100%. He is suitably loathed on ADVFN by all accounts.
Of all the trolls he has been the most arrogant, the nastiest, the most relentless.
Probably the most effective at what he does as well.
But we know he lies, twists the narrative and cuts and pastes for England.
Whether he is the Wrexham Rectum or Kev 'the Chav' Taylor is irrelevant now.
For months on end he has appeared on this BB and caused doubts, stirred sh*t.
If anyone deserved to be burnt alive it's ex trader. Despicable excuse for a human
being. But, Mr Karma is like an old Indian elephant. He never forgets.
@Nikikiki
I agree with you regarding the rampers/de-rampers ie. what do they do all day?? Exactly that, ramp and de-ramp. A very sad job/life in my opinion.
I had £100k in SYME at one point but never felt comfortable so pulled 3/4 out. Not a lot of money for some people but a fair junk for me. Time will tell if that was a good decision.
DYOR - going by the company RNS’s this is a great investment heading in the right direction not without risk due to it’s infancy.
So this share is either a fraud and by definition is theft of our money by AZ or if this has genuine and honest RNS’s will have the potential to “go to the moon” (rampers quote). At worst it should hold its SP.
All said and done I believe this will come good and have not thought otherwise hence why I invested in the first place.
Luckily managed to make up most of the deficit in ARB which is a much stronger share to be involved in.
OK this is an extract from september 28 RNS...so am I the idiot and there are no delays?
there is a delay in the business plan. stop. We all hope in a huge RNS!
oh no I am a deramper..
"Year ending 30 September 2021
The first portfolio Inventory Monetisation is expected to have a value of approximately €300m and to complete by the end of October 2020 (the first month of the next financial year). This is expected to deliver approximately £20.5m of annual revenue into special purpose securitisation vehicles and to generate an average annual net servicing fee of £6.5m to Supply@ME. The Inventory Monetisation contracts have a three-year fixed duration plus a one-year option.
The next securitisation programmes for delivery by 31 March 2021 is now being initiated. These aim to complete the Inventory Monetisation of the remaining Client companies in the current portfolio, and may include Client companies sourced for the pilot operations in the Company's new geographies. Inventory funders for this programme will include both institutional investors, and, following regulatory approval, the Captive Bank announced on 21 September.
The Company will continue to keep shareholders updated."
rebel I could be an idiot or a winner just for investing in this company. time will tell.
"How do you know what has / has not been achieved? Just because share dealing is suspended does not mean the business plan is not being implemented."
No, I rely on RNS published months ago with the business development
@nikikiki
So you are saying that you are an 'idiot', self deprecation is good for the soul, but calling ones self an 'idiot' although entertaining, is a bit silly.
How do you know what has / has not been achieved? Just because share dealing is suspended does not mean the business plan is not being implemented.
Once we are back then that is the green light from the FCA and will put the trolls to bed once and for all.
this board is full of i**** what do you do for a living?
A stock is suspended, there are signals that something is not working, people are concerned of their money and the only thing I read in this board everyday is that all are trolls.
First of all for what kind of reason someone has to waste time in this board if he is not invested? and then..you have to be honest and admit the business plan has not been achieved.
I hope to be proven wrong...are my money!! but until that day I have the right to be upset.
@redbox
Ah its an Italian accent, I thought they were trying to be Yoda
filter filter in this way you will have your money back.
but after all..we are suspended..so what can we do? nothing
we have to wait and see what happened
Ahahah thanks Red!
I've tried to be optimistic with this stock but it's impossible.
If you remember one of the RNS statement...and end of march we should have the second SH note issuance..
something didn't work
Until now the only fact is we are suspended with no reason.
A tweet has less value than a "classic" SYME RNS.
Red sherlock box
Thinking on it, no need to reply, I will vanish again into the ether now and wait for my other aliases to take over on a different front.
Mick2, errr, did you wearly wead it that way? You lot are relentless!
I wish success to the company and all invested actually. But that doesnt stop me from voicing my concerns. If not here on a syme board, where?
Good call Red, how/when did you establish this little nugget?
It's a Pilot scheme. It helps to tell everyone about it, both funders and clients.
The fact your trying to suggest that's a negative is odd
Really silly again. You’re on fire today.
It matters not the base or the value of which the company expands from, if there is still room for growth. Just because we’re talking about billions doesn’t mean there isn’t more opportunity. Imagine if every company said that, we would all be running corner shops!
I’m not putting any spin on it, I’m just saying you can’t deduce from that article what you are trying to portray. There isn’t enough info there. Just makes you look a bit daft.
We’ll see what happens when it’s ready.
We're not talking about a corner shop, were talking/thinking billions. If the idea is the sure fire winner some people here seem to think it is, in no way would he be putting adverts out asking for funders to step forward. They would already be in! But, by putting an obsessives positive spin an anything deemed negative, you are just as valid to put your own spin on it. Anyway like Dirty Harry famously said, and i do indeed have one, as do you!
You’re such a silly sausage.
Every CEO with any credence would comment on their willingness to engage with more partners. Doesn’t mean they haven’t got any other partners. Business who want more customers have existing customers and providers too, you know,
Your post lacks any commercial sense. You know that anyway, but still need some form of a negative angle I suppose!
Time will tell.