Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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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
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.
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.
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
All you need to know Tony is bonus time is approaching and the remuneration commitee is sitting. Kerching.
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
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.
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
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.