Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
An "off-book" trade is a private ( OTC) deal buy/sell. Which-ever party then register that trade,buy or sell, it'll show up as such - am I right?
Agree on cash burn, I don't understand what the strategy is here at present. If they want to get the share price as low as possible then running down the cash balance whilst emphasising the monthly burn and showing no sign of how they plan to raise capital is a very good strategy.
If I was the CFO I would be very uncomfortable with a monthly cash burn of €400k and a year end cash balance of €2.2m, for all intents and purposes they have a max 4 month runway, whichever way you look at it, it's a crazy way to manage a listed company.
Post metaverse launch I fully expected them to raise ~£5m to continue their growth, I expected this to come from existing shareholders like HTC who backed them strongly when their plans were just conceptual. Now it smells to me as though they are deliberately lowering the share price & I wouldn't be in the least bit surprised if they delist the shares. Volume traded is negligible & based on peers it would be easier to raise money as a private company, this would also avoid a highly dilutive equity raise down here.
79k shares sold at 4p and PEEL have moved their bid - offer spread to 2.5-4.5, I can't see anyone buying without financing so this could continue lower and lower. Truly dire.
That cash v burn rate looks a tad worrying given all the new contracts you'd expect them to be covering all their costs by now and cash to be much healthier.
Margins are good - once it's all set up / running but I suspect most of the initial contract funds go into setting it up to start with, so it's years 2+ where they're making healthy profits.
So with only 2.2m in the bank and a 0.4m / month burn rate estimate for H1 '23 I'm half expecting to see a raise based on these latest low prices within the next 3 months or so.
I'm also expecting SP to recover back over 10p once new investment is onboard, which may / may not be offered to the public.
Regardless of how much I already put in - sub 5p I've added + will DCA until we break above 8p again. It might take some time - but it'll be well worth it in the long run.
The RNS was okay but I was looking at it to comment on the cost-cutting measures alluded to in the previous RNS. I think the sp will come good in the end but I am not tempted to add given the amounts I've already put in.
Good RNS dave keep up the good work
Hi invest I have a few quid invested here , at the moment down 10,000 on my initial investment.
Thr technology is new so I am going to stick with rhese guys I think the ceo david whelan a good guy.
I will probably invest in a few more thousand shares at this price
.anyways life's a gamble have fun and good look , loving life
Its gone very quiet. What is the consensus here.? I am confident this is still a hold for the long run.
Can they convert the big leads and with good financial conditions or not? And in other places, is it possible they are being seen as easy prey?
Reading between the lines I've come to the conclusion that today's very downcast tone of cutting costs with no mention of future revenue growth comes as a result of being unable to raise growth capital at the £35-40m valuation EXR has traded at over the last few months. Maybe investors are interested but only at the right price point and so the only way of getting them on board is to crash the share price to 5p or something similar?
Either way, to announce cost cuts to preserve the balance sheet just 5 weeks after launching LINK and stating you want to be partner of choice to 100 fortune 500 co's in 18 months is utterly diabolical. They should have been raising capital to landgrab as rapidly as possible right now and this backward step will likely prove damaging to such ambitions. Very disappointed to say I'm now out until they are appropriately capitalised and can offer a path to profitability.
Rns released today. Missed revenue, high cost base, likely to need cash.
Anyone know why the big drop?
Mayors speech live and simultaneously broadcast in the metaverse on Engage platform.
https://www.wmfe.org/politics/2022-12-07/avatar-mayor-dyer-makes-pitch-to-the-metaverse-we-want-you-in-orlando?_amp=true
https://www.linkedin.com/feed/update/activity:7006361707849613312
Chris Madsens review
https://www.linkedin.com/feed/update/activity:7006380376164032512
Orlando aims to be the centre of the metaverse Engage being used here is great news.
Need to spend some time this weekend having another look around LINK, I saw they released an update to V3.1.1 this afternoon so lots going on in the background as always. The Chivas whiskey event sounds pretty cool, would be a nice income stream if they can attract enough viewers + I'm sure other brands will quickly sit up and take notice. As for the Victory XR stuff, sounds great as always - I must admit to being a bit frustrated the DW hasn't mentioned it's success at all bar repeated references to the initial 10 meta funded unis that the RNS'd in April, without Steve Grubbs we would be none the wiser as to the huge progress that's been made... oh and thanks as always for posting the updates OT.
Great company its up up and away please god
What do you think chaps ?
From LinkedIn
“South Carolina has just moved itself to the front of the class in a BIG WAY!
VictoryXR has been awarded a groundbreaking grant from the State of South Carolina to do two things:
1) Integrate classroom VR bundles into thirty schools across the state.
2) Build a statewide metaverse learning center that helps students who experienced learning loss during the pandemic catch up on core subjects they fell behind in.
https://www.linkedin.com/feed/update/activity:7004169348256788481
Also of big interest
“Take a tour!! VictoryXR has released immersive, interactive healthcare environments and now we are offering a free, guided tour of these spaces where you can learn experience these amazing healthcare VR environments in action.”
Which is definitely on Engage platform
https://www.linkedin.com/feed/update/activity:7004156877097873409
This is the link to below post
https://app.engagevr.io/events/gO4G5/view
Noticed this was launched on Engage platform via HTC at the weekend
https://www.thespiritsbusiness.com/2022/11/k-pop-star-lisa-and-chivas-enter-metaverse/
Had a look at it today in vr very impressive.
Excellent podcast with Jason McGuigan from Lenovo
Engage is mentioned and a lot of the content is very relevant EXR being an enterprise platform.
Yes it is 45mins long but more than worth the time.
https://www.thevrara.com/podcast-posts/jason-mcguigan-lenovo
Might even subscribe to Engage myself if Lenovo can pull off some F1 companies LOL.
https://www.blackbookmotorsport.com/news/f1-technology-partnership-lenovo-advertising-marketing
“Lenovo has a road map that will see Formula One purchase more of its products over time in areas like data storage, mobility, security, and augmented and virtual reality.”
“
The Lenovo vision of the Metaverse
https://news.lenovo.com/devices-to-spaces-innovation-blending-virtual-and-real/
Long but good read .
Brilliant RNS which markedly increases the likelihood of EXR exceeding revenue forecasts for 2023 onwards as well as being another huge endorsement for the company. Now we just need to see similar agreements from other launch partners such as KPMG US and we may get a bit of new interest around here...
.
…great news…should at least reverse Fridays weird drop… and get us towards if not north of 20p…
Great RNS Lenovo will certainly help with marketing and sales be interesting to see which companies they sign up maybe some F1 teams .
Spent a lot of time in VR recently on Emgage link it is really coming together well .HSBC have a portal with “coming soon” but still no mention from the company officially.
Funny you mentioned Apple was looking at The metaverse standards forum which has everyone and his dog listed
https://metaverse-standards.org/members/
Unsurprisingly no Apple
Surprisingly. No Engage xr