The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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What a Smoke and Mirrors Star Bafu the buffoon is . mike33 takes it all in. These massive technological break throughs keep turning up. They herald a wonderful future for Kromek as the world rushes to Durham cheque book in hand. Back in 2017 with the sp between 30 and 35p Questot of the Daily Telegraph passed on the good news to investors. {he apologised back in 2021} We all make mistakes,but the good news keeps flowing from Bafu or Basu or whatever he calls himself. The sp cannot hold at even 5p. At this price surely the Bod of Kromek will all be buying up shares by the bucket load as those great days back six years ago will soon return will all this good news
Another exiting RNS and Basu is again delighted.
I say, great news for this industry and much needed.
Yet the SP hits an all-time low today of 0.047.
Hmmm
@mick33
YAWN
Spectrum Dynamics sales seem to be doing well...not a Veriton but CZT...must be Kmk's ?
John Radcliffe Hospital, Oxford United Kingdom - spectrum-dynamics
https://spectrum-dynamics.com/john-radcliffe-hospital-oxford-united-kingdom/
Spot on apro. we have been told about these amazing products for many years now. I was one of the mugs that believed them. What is surprising is that there are still people out there coming back for more and saying the snake oil salesman is worth listening to. The sp tells you everything. Smoke and Mirrors.
"Earlier this year, Kromek published its results for the year ending 30 April 2023, which featured record revenues, but widened pre-tax losses "
Sadly for all the amazing products and razzmatazz they just can't produce stuff for a working profit.
Their lack of commercial nous just keeps dragging them down and could well one day bury them.
Today - as per Joe's post
https://www.insidermedia.com/news/north-east/kromek-finalising-terms-for-borrowing-facility-refinance
Kmk new customer
Sept 2023
First time I’ve seen an Oil & gas customer mentioned
Petrotech has successfully implemented Kromek’s Quant 4 RayMon at several legacy oil and gas sites, supporting sessions of oil drilling asset/site radiological assessments, and controlling NORM debris.
Naturally Occurring Radioactive Materials (NORM) is a common waste by-product of oil and gas production. Radioactive sources such as Radon gas, Radium 226 and Radium 228 can accumulate at several stages and locations in the oil or gas production process1. They precipitate as sludge, scale scrapings and other waste materials in pipelines, plants and machinery, which poses many health risks to the public, the environment and workers in the oil and gas industry.
As a result, NORM must be effectively monitored, controlled, and then disposed of, and any contaminated equipment cleaned2.
One feature in particular of the Quant 4 RayMon stood out to Petrotech as stated by Moses Essiet, Managing Partner, was: ‘the products ability to capture the coordinates, graphics, and in situ spectrometry of samples’.
https://www.kromek.com/user-story/weve-struck-oil/?utm_campaign=RayMon10%20Campaign&utm_content=263130379&utm_medium=social&utm_source=twitter&hss_channel=tw-2967539429
Thanks Joe.
I think the bank originally extended it from March 23 to 31st August 23, from what I have subsequently read.
Any ideas why they keep needing it to be extended! now to 30th September 23? admittedly this time by just a month.
Can they afford to pay it back? Why does it keep being extended.
Just doesn't look good to me.
Do you think this could be a foreshadowing for a possible raise? or is something else going on.
If I was in a tight position then the obvious thing to do would be to RNS some good news, followed by a raise, pay off the bank - which is a AIM game tactic used a lot in my experience.
Jut curious what others think ....is there any other reason?
Https://www.kromek.com/news/kromek-returns-to-dsei-london-excel-centre-12-15-september-2023/
HSBC was extended by the bank to 31 August 2023. The Group is pleased to announce that the repayment date has been extended to 30 September 2023 as the Group finalises terms to refinance the borrowing facility.
Anyone heard anything about this ...
"Kromek’s financial position is healthier, too. Importantly, Basu says the group is close to completing an enlarged debt facility with a new funder to replace the existing one with HSBC (expires on 31 August). "
Have we had any news regarding the new debt facility, if not I imagine it must be soon..
https://www.investorschronicle.co.uk/ideas/2023/07/24/kromek-s-44-revenue-boost-underlines-why-it-s-a-buy/
Oh. And here’s mike33’s answer to everone’s concerns.
Give it up mike33!!
4th Sept
DSEI 2023: Kromek to debut SATCOM-linked radiation detectors | Shephard
https://www.shephardmedia.com/news/landwarfareintl/dsei-2023-kromek-to-debut-satcom-linked-radiation-detectors-at-dsei/
Cant run up debt to buy shares when the company makes no profit . You just go bust faster
new one on me strat. a company that has never made a profit buying back its shares by taking on debt to finance it.. the sp is the least of their problems, compared to incompetent management. the other rather major problem is who would actually finance it after the latest raise of many. they are habitual fund raises. at some stage a halt to this utter nonsense must be called. the recently renamed tig raised a few eyebrows financing buyback from dent because the share price isnt doing what they hoped. their revenue is at least close to a billion but the share price has not responded mainly due to lack of meaningful or possibly sustainable profits. its not so easy to camouflage a ****e balance sheet these days. kmk’s strategy seems to be annual dilution. dont know how they have got away with it for so long
I don’t understand why the company isn’t pushing to purchase its own shares with debt financing. This would rapidly propel the share price and availability of financing for this purpose I don’t see as being difficult given Kromeks position.
Just an opinion which I expect to be shot down with comments on availability of debt finance as company finalising existing trading funding.
I actually bought back in on the recent rise.
Surprise surprise another false dawn and I've lost money AGAIN.
Jamie Marsay plus Oxford nanopore tech.. They have really impressed the market. Keep the good news and great technology stories coming. I wonder if they even convince themselves ?
Big interview, big talk, great news. We have been hearing this for years. Until people outside Durham County believe it to be more than hot air the sp will stay static at best. To listen to these mesages of hope and prediction the sp should indeed be 5or 6 times higher.
From a few days ago-
they openly talk about Oxford nanopore tech now
Watch "Jamie Marsay, Head of Biotechnology at Kromek, discusses the importance of pandemic preparedness." on YouTube
https://youtu.be/l0uuZAtra_o
Few newbies here now mick3d. They could have bought in at the right time and they love you. Ha. Only us long term ears know the real score.
Cheers Tivman, you have to thick skin here......but I'm not easily bullied.
Hi mike
Appreciate your posts
Many thanks
Hi Billy ...all for free..after all the other optimistic, researched up posters have been bullied off here. bit sad really as has been mentioned by others.