Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Rod Findley has said that the Dallas zoo install has been performing beyond expectations.
This is great news !
With a proven product, they can now mass produce these units and roll them out in multiple locations quite rapidly.
Where /if they underperform, they can lift them out and move to new locations with the minimum of fuss.
The fact that they use it for Gorillas in the day, and a Christmas ride by night is a bonus and a great way of maximising customer uptake..
It’s not impossible that they now do another raise in order to manufacture and plonk these units in as many locations as fast as possible.
Perhaps , if the queues in Dallas are long, they can put in another unit for the duration of the Christmas Festival of Lights .
In fact if this were to occur, I think it would result in a sharp uptick in the share price.
At this moment, Immotion may well be at the crossroads of making some decent profits.
A decent trading update would obviously help.
This is what happens with lack of news - we go back to square one (with the share price).. shame I have no funds available but at least we know this can move fast in either direction on the right news
Agreed.
They do need some news and soon !
I wonderful how functional the new units are when it’s freezing or wet outside ?.
I doubt anyone would want to use them in those conditions as they don’t seem to be well protected from the weather.
I can’t help but think that any news we do get will only be averagely positive and that’s me trying very hard not to be negative. To many sellers that are prepared to lose money for my liking. Bwtfdik
Apart from the disgraceful communication from management which has undoubtedly contributed to the sell-off, what do people think will get this moving again in the right direction? The failure of the spin-offs must already be priced in.
The company has grown by 37% this year which is amazing. They have just over 100 extra pods paid for and ready to be installed in 2023 which if they managed it is another 20% in growth, that puts us well into profit.
Personally I don't think the communication is poor, quarterly updates are fine for me.
I think people are just scared and selling out of businesses they deem riskier. Most people don't read the reports in full so they just see an unprofitable company with diminishing cash reserves. Without realising the cash is only down due to investment in next years growth, once we get the update this month we will see cash has gone up and most people will be happier.
I don't think we will see significant movement until the overall outlook for the economy is better, or until late next year when I think we will be comfortably seeing £1mil profit.
There was a trading update around this time last year so I suspect a RNS is in the works…