Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Poor mugginsthedog, no confidence in the management and still not sold. What a mug...
How did the market value the share today. Clearly not worthless so collectively laws of supply and demand reached the current price.
Why do you think it will continue to fall - if that was a certainty then the price would fall in anticipation. Predicting any movement in a share up or down is a mugs game - I confess I bought thinking the opposite but no more likely to be right then someone who sells thinking it will go down.
Sounds like you feel management have over promised and the SP is adjusting to new facts. My point is the market will already have priced this in so negative news need to depress it further, positive news to lift it - otherwise we bob along with rest of the market.
Seems to be one seller reducing holding and hey that is their choice. They ensure supply is high thus price is what it is. We don't know their reasoning so you night be wrong, you might be right.
As Mr Farage quoted to the EU......your all in denial !
Quote Mr Farage to the EU...your all in denial !
Muggins
Yours is a possible scenario for the future using a logical interpretation of past events, for sure, however I have also done the maths and do not see your interpretation of the company finances moving forward. (Just my opinion)
The £10m raise, albeit a surprise to me, was a 'justifiable fund raise' ie DVRG are gearing up production, increasing staff numbers and unveiling STC... This time next year the £10m raise maybe seen as a fantastic corporate decision. Let's see!!
All the best
Sipps - GB promised us jam TODAY but has consistently failed to deliver. Look at his December shareholders presentation, he has delivered none of what he promised the. I will not apologise for pointing this out.
I do not trust the management team as they have not delivered what they promised and looking at GBs Alltracel history this is not the first time he has not delivered.
Cool cat - looks like you made the right decision.
It is quite remarkable that a few on this BB continue to deny what is obvious to the market. To think that GB calls loyal long term PIs ‘rainbow chasers’ when his city chums have been selling down at every opportunity.
Paulcon I have no doubt that a fund raise will be required latest by the middle of next year but probably rather earlier. This is what I said at the interims;
Cash
DVRG started the half year with £1,441 cash. They ended it with £7,589k. However they raised £11,315k during the half year. Therefore they ate their way through £5,167k in 6 months. This is an astonishing amount. How GB can claim that they did not need to do a fund raise earlier in the year is absolutely and unambiguously proven to be wrong.
At their current cash run they only have 8 months of cash left. But, the full impact of all the new hires is likely to increase the cash burn. They will need lots of new orders to compensate for that and at this moment there are no signs of any new orders.
When I said a few months ago that DVRG would have to do a dilutive fund raise I was given the big raspberry by many on this BB. It is blindingly obvious that another is almost certainly required. However, the SP is lower now (and will probably sink further given the terrible results) and any fund raise is likely to be even more dilutive.
It would be nice to think that some of the new products, which we were promised would be available on the market by now such as the breathalyser, would come to the rescue with some sales but it appears that this possibility is being pushed further back.
Turnover is vanity – cash is reality. On this basis DVRG will face its own dose of reality rather sooner than anyone was anticipating.
Muggins not been here for a while seems you are still genuinely still trying to educate some young blood , got out yonks ago after Mrs G B flogged her quota off which to me was the writing on the wall , maybe the lethargic MWG mob can pull a rabbit from the bag .
Muggins
Evening, the SP is taking a battering, that's for sure.
I will admit I thought the first half revenues would be towards £5m, but had assumed that the, 17th February 21 RNS, 'DeepVerge production orders worth $5m (£3.6m) for Modern Water equipment in Q1' would have been manufactured/delivered and invoiced in the first half of the year.
Lead times are obviously long. The positive is that H2 revenues should include this order, but this length of time element, I had not considered.
I do not agree with you that another raise will be needed, lets see what the future holds.
All the best
yes mugginsdog - its time to to omit you from my lse share chat, you are way to pessimistic, constant moaning won't help the future price, and you want too much jam today... like many i am now showing a large loss but for me the way to get this back is to support and trust the management team and not kick them in the *******s like you always seem to do...
If this went to10p half the tits on this board would still defend Brandon
Understandably as the more financially literate digest the interim results and appreciate the utter lack of progress and compare what was promised to what has been delivered the SP has continued to fall. Unless they land some orders and sales there is no reason to believe the SP will not continue to fall. It has gone from seventies to mid twenties and I fear towards teens. Looks as if only ratty is happy with this SP performance.
GB and co have ramped this but have not delivered. Don’t blame me for pointing out the obvious but perhaps a few on here should ask a bit more of management?