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Dear Able: Thank you for your kind words, You Flatter me, but that is more acceptable than being Flattened !! I would like to take this opportunity to wish you, your daughter , the rest of your family and all our friends on this board, a Happy Christmas and New Year. I am not able to attend my Roman Catholic Church due to infirmity but shall be there in sprit. I know my user name may not seem to be Christian, it was the name of a shop that specialised in furs, coats, gloves, you name it. Two doors further up the main road from school to home was a second hand car showroom, can you guess where the schoolgirls and the boys seperately used to gather and dream ?? ----- Yours, Max.
Max! I have no argument with the way in which way you put things as I find them very descriptive and accurate, believe it or not is a very sound way of organising investments as one receives early warning signs on whether problems are likely to arise or, an early stage investment is in ones interest. It may interest you to know that my first investment in Versarien was at approx 34p and realising later on I had paid too much, I very quickly bought 4 times the original amount at approx 12p and soon sold the lot for 27p. Later on I then bought a load at 16p and then held until I sold 66% of the holding with the remainder locked away until the company can demonstrate that they are moving forward. You may not realise what you have written, but it is a similar method to successful investing and, believe it or not is why I shifted most of the proceeds into gold mining shares and I have not mentioned them as others believe it is ramping. It is always a pleasure in reading your reassuring words of wisdom. Best wishes for the Christmas period and the New Year. ABLE.
Dear Able: I have copied a little part of your Monday 11.28 post and would suggest an amendment to it, below.
"I am referring to the major companies that are interested in the product but also that it is suitable for their requirements and, that the savings achieved will justify the cost of changes to production, if any."
My amendment -- replace "Savings" by Improvements" You and I both know that manufacturing companies which do not consider how their processes may be improved will soon find themselves being left behind by others who are modernising. I admit savings, as such, are worthwhile but keeping up to date is so important. You may recall the time when new methods of electric welding were being introduced and the deep studying required in determining Whether to change over AND to which supplier of the new equipment one would turn. ----- Yours, Max.
Luckyorange! I do not make things up as you put it, I simply look at the cash drain and mathematically extrapolate the what ifs and then quite simply look at the cash requirements should the company land the sort of orders that we all desire. It is no different too the way the big institutions work through their analysts. Of course the figures can prove to be incorrect but, it must be considered wise to err on the safe side. I will therefore not apologise for what you consider misleading statements. Just like you I hope the company does well however, I shall not be adding to my portfolio just yet until I see signs of the dramatic break through bearing into mind that I sold a number of shares way above the current price and, in your book I do not know what I am talking about. Yous Able.
Max! when I refer to proof of concept, I am referring to the major companies that are interested in the product but also that it is suitable for their requirements and, that the savings achieved will justify the cost of changes to production, if any. It is all very well stating the advantages of graphine however, if it was that simple the company would have landed large contracts with majors some time ago. Testing and verification comes with a cost and that is consuming the cash. If things were that simple the share price would be way above the previous highs as the demand would be so high. Me, I prefer to keep my feet on the ground and as I am not greedy, I am quite prepared to sit and await events to unfold. Yours Able!
Dear Able: "Proof of Concept" I thought the company, the first in the world to achieve the Qualification and Verification Requirements set by the National Graphene Council, a USA authority, which is a rigorous process and test not only of the product but of the production facilities of the company taking this route to show to potential customers and users what is now available world wide had done more than achieve proof of concept. If you might have missed some of the details let me mention that the National Graphene Council enrolled the National Physical Laboratory, said to be the best in the world by the NGC, to carry out part of the verification scheme. Any manufacturer wishing to use graphene in their products have only to knock on the companies door. No doubt those who do use Versarien's graphene will advertise this fact in promoting their own sales as a good factor to their customers. Of all the extraordinary qualities attributed to graphene, perhaps there is one not yet available, and that is Longevity. This may be holding back on some potential customers seeming to dawdle when it comes to signing contracts. However, I feel it won't be long before ordinary customers are asking "Do you include graphene in your products, like aircraft fire restrictive elements, or sports wear or railway arches or new concrete buildings and many other applications being explored. ----- Yours, Max.
There is enough cash in the business ABLE. The company is run very frugally.
Only something massively positive for the company would require such action in my opinion, it wouldn't be anything to keep the lights on. I think it would be the signal for a step change, if it were to happen.
Just buy 'em back if you want them ABLE and stop making things up, you are fooling nobody or maybe you do really think that and if so just ask the question of the CEO via email and it will be confirmed by him that they have enough to keep them going for the next 14 months. Naughty tactics tsk tsk!
My take on the results is, there will be a placing(maybe similar to the recent I.T.M Power) that will have a dilutionary effect unless N.R. can wave his magic wand and capture that elusive contract pretty soon. Either way I think the placing will be necessary as the rate of cash burn has turned upwards due to proving the proof of concept in order to capture that elusive order.
Been a strange old week , don't know why but apparently IG has said there is a high probability of shorts being recalled, squeeze on! I'm sure that we will find out soon enough why? Enough in the kitty to last at least 14 months apparently but don't think that will be of any concern soon.
Well, you have to take the results in the context of a company with effectively no commercial orders. They've spent cash setting that up ........ we are all expecting a return on that investment, it hasn't happened in 2019 as we all know, so all considered the results are not at all surprising.
Anyone expecting Revenue UP Losses DECREASED Cash UP .......... were delirious.......... the assets Down is negligible IMO
I didn't see anything disastrous in the RNS tbh to warrant the sell off........
· Group revenues of £4.38 million (H1 2018: £5.22 million)
· Adjusted LBITDA* of £0.90 million (H1 2018: £0.36 million)
· Loss before tax of £2.12 million (H1 2018: £0.79 million)
· Cash of £2.64 million at 30 September 2019 (30 September 2018: £6.07 million)
· Net assets of £11.87 million (30 September 2018: £12.32 million)
The company is setting itself up for commercialisation so it can sell 3 tonnes/annum. The equipment is in place and ready to go ............. of course they need to make money in 2020 but they need orders first and I'm fairly sure they'll come in a timely fashion.
The stock market is mad, there's often neither rhyme nor reason to it.