George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Excellent work at BIOM. a nice sale in the medical field.
Hmm. Business is definitely booming so a fund raise won't be that bad at this stage as it clears the way for a sharp re-rate. I've added BIOM on my watchlist.
Thanks
think it depends what they mean by revenue slippage into 2022. If the revenue deferred from 2021 comes in in Q1 2022 they may be ok, if it's later you are probably right.
May also depend on receiving a big order. These need money to be spent upfront as the revenue will lag by maybe 3 months
"Group Performance
Total Group revenues in Q3 were £1.1m (2020: £1.8m) taking Group revenues for the nine months to 30 September 2020 to £3.6m (2020: £4.3m).
The Group's cash position as at 30 September 2021 was £1.0m (30 June 2021: £1.4m) and the Group continued to have no external bank borrowings."
So 400k spent within three months making cash burn roughly at 133.3k/month. So 400k will be spent by the end of dec 2021 meaning the company will left with 600k which will last roughly 4.5 months - April/May ish. Given the company is working towards profitability and business will turn around next year, it's probably wise to get the fund raise done and dusted now ish IMO.
Opinion anybody?
Chislehurst Biom doesn't need ramping....Try to buy stock and you will know what I mean
Makes me laugh that the disclaimer states that people on this podcast "may" have a position in stocks discussed. It should say they "do" have a position in the stocks discussed. They only talk about the stocks they own, it's a one hour ramp-fest.... lol
The point is that long term changes with the wind and dumping the shares and holding a fraction then a RNS saying forecast has now been lowered says it all.
Biome are in trouble and will require a new cash call , not saying Biome are not worth a cash call as long term they will evolve into different products.
Have said this many times we need a new director to direct the company into multiple scopes with the technology we have , being a research company transformed into products needs new blood.
JohnHenry,
You're missing the point completely.
When did JW change his mind on SO4, and how does that correspond to what he was saying publicly?
JW has gone from virtually zero to probably holding over £2,000,000 worth in stocks in 10 plus years.
I somehow think hes doing a few things right.
I sense a lot of jealousy on here.
The exchange market size here is only 150 shares: £450 at 300p.
It would be very difficult for someone to sell c. £250K. of stock here, at a decent price, if you are advising others to sell first.
Much easier of course if you are persuading others to buy first.
From July of last year. The notes below the link are my own, and are not verbatim extracts. -
"The Vox Markets Podcast with Justin Waite
... The Weekend Podcast
Jul 4, 9:15 AM
On the weekend podcast we talk about super / stupid Saturday, Steve’s last online quarantine disco and mention Gfinity #GFIN Polarean #POLX & Salt Lake Potash #SO4"
HTTP://audioboom.com/posts/7622969-the-weekend-podcast
The podcast talks about three stocks which Justin Waite says he believes will double by the end of 2020, and that have ten-bagger stamped all over them.
Apparently these are the only three stocks that he owns.
Justin says that momentum is one of the biggest factors in small-cap. stocks. ...
Salt Lake Potash (SO4); 30.5p; market cap. £108M.
- Producing next year.
- Going to be massive.
- Plenty of institutions interested.
- Everything already built there.
- Debt-funding will be coming in next couple of weeks.
- Probably c. £2 in a few yrs.
A lot easier if one is chatting to C- level execs hours and days before those conversations become public.
He says that he has 9000% profit but does he publish anywhere how he has calculated that figure? After his hIts on POL and BIOM this figure must be lower thzn 9000%.
Anyone who advocates a portfolio of just 5 small market cap stocks needs their head examining. "High risk, high reward" or just plain stupid?? You make your mind up.
Scoobydoo321 that statement for buying other shares is repeated and look back one year same statement , was concerned and now worried a new cash call
The Allenby research note has signif reduced revs for 2021 and 2022 (less so for EPS) and a 2021 net cash position of £467k (down from £1,678k). I'm hoping that the bad news is now in the stock, so that operating cash flow will turn positive next year (as it does in the Allenby note). All the same, this feels like a knife edge. (I've trimmed my position into the afternoon strength.)
It was the INX promote earlier this year that I couldn’t fathom at all that made me start to wonder. It really does come down to dyor in the end.
What I don't like is that he seems to come out ok or well in profit from those positions that tank or don't perform while those who have bought following his heavy promotion are left holding the stocks with losses.
It's pretty obvious he is making huge returns based on his statements in his videos where he shows something like 9000% or so profit since 2009 or something like that - some mind boggling returns no doubt helped by his YouTube videos.
TWD an IKA were also fairly recent recommendations.
One poster said if you want to take a view then delve into his past history and look at his old YouTube videos and check out what stocks he was promoting and how those stocks have performed. You can then draw your own conclusions. It helped me figure things out.
In his videos he claims to be an investor and not a trader and a few times he said he was going to hold long term and not sell his holdings or core holdings if I recall correctly.
However, he does seem to sell out or significantly reduce his positions from what is being said fairly regularly so the behaviour of a short term investor/trader at best on many of his positions?
He should be more open in his videos saying he is recommending but may sell at short notice or before the next update it's not the message you get when watching his videos.
Salt Lake Potash was one recently that was heavily promoted by him with projections of revenue etc well into the future and then it was no longer showing in his portfolio before the huge drop down and administration.
The projections are usually maxed out and often way above or bear no resemblance to current broker forecasts something like XX company is forecast to make £xx on 2% market penetration but that seems to low so if it was 4% it would be ......
Not invested here or Salt Lake so a general comment.
partially sold??? - but you say he sold 5/6th so over 80%. If he had 3% that's c£300k. So he sold c£250k of stock.
Not really a vote of confidence
oh and he really shouldnt be running an investors club when he has no formal qualification at all.
still BS from JW hes nothing but BS If he had faith in this one he would have kept it. and found the money from elsewhere