Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I agree WG, there is likely to be an update about the ongoing projects. The Australian rail project should be well advanced now and the Japanese rail project will hopefully be at a stage where they expand the pilot.
What I’m also hoping for is a break into the Americas market (US/Canada), that would be significant.
We can't be far away from hearing some more news on these trials.. SP looking good this morning. Does someone know something??
Perhaps some news will appear next week... if so, it could be an update on the Australian or Japanese railway projects or it could indeed be further new contract wins.
Interesting. Yesterday's 2x500,000 shares buys for 20k pounds and today's nearly 14% rise. New contract signed?
Very nice. All coming along nicely.. Lining up well for a re rate when those long term contracts drop. GLA
Been in this one a while. Team looks very strong here and it's had some great news leading to some great trails. Awaiting more news on Aus and Japan's rail networks and how things are going. To me the upside here is huge and like you said, they have a strong cash position and are wining business.
We can't forget that MNO's market cap is just £3m and they had (last update) nearly £2m cash. With next contract wins it should rocket.
An excellent bit of news today, a new drive to win contracts in the American market is noteworthy.
USA has the biggest railway network in the world by rail network size, it is ageing and in need of major maintenance and improvement. The company’s flagship product corridor.ai can make a big and cost effective input to rail infrastructure inspection and monitoring. This also includes Canada who have a sizeable rail network too.
Looks like opinion from my previous post may be right:
"Nick was most recently a senior executive with Airbus' Intelligence business in North America. Nick joined Airbus in 2017 as a founding member of Airbus Aerial, a start-up SaaS company that leveraged AI and machine learning to derive insights from a combination of satellite, airplane, and drone imagery. As head of business development, Nick was responsible for all revenue generating activities as well as growing the team and the business at large.
Prior to Airbus, Nick spent three years at Skyward, a SaaS drone operations management software company"
Interesting opinion (advfn) about using MNO's technology: "Drones will be used to deliver COVID-19 tests and medical supplies to remote regions under plans for safe 'air corridors' to be set up for them to fly in"
After some research I bought in. Good product, market cap £3m, cash nearly £2m and contracts in Australia and Japan... So far. Can be fun.
I’m hearing that many railway companies around the globe are not operating and are using the current downtime to improve tracks and infrastructure. This is an ideal time for MNO’s Corridor AI system to demonstrate it’s value. I would not be surprised to hear an update about increasing progress on projects and maybe even some new contract wins.
just noticed the update - still priced at almost cash in the bank,nothing for the bussiness
Nice Q1 update, revenues up, costs down and nearly £2m cash in the bank at 31 March. (That’s pretty decent for a company with only a £3m market cap)
Waiting for news on further contract wins..
Great RNS, 30% up but not on the leader board? This one does move quickly when it goes.
That's what I'm looking forward to hearing, this buy gives me a bit more confidence it may be going well.
£35k is a decent director buy.
I also think we’ll see more contract wins in the months ahead, should be an update on the Japanese railway pilot project too.
Hoping for more news on the A.I. contracts. I see we've had a big buy in from a connected source.
thanks candid - glad to know someone is still holding..
looks like one of those gems to tuck away..
yes indeed and am surprised it took a dip this morning, although looks to be recovering now.
Glad that these results are out of the way as they have the ‘fall-out’ from the US banking platform coming to an end and forcing MNO to shut down operations.
Only 2 months’s worth of revenue were in these results from the Airsight revenue streams, they are upbeat on growth here. Very likely that there will be more railway contracts this year so everything to play for.
Also interesting that they are now looking to reactivate the Maestrano platform, perhaps the market for this has matured or they have had some interest in it? Looking at their direct peer, a NZ company called 9Spokes (listed on ASX), they seem to be making good progress in this area and have Bank of America as a client, their market cap is $28.4m.
Perhaps MNO can outright sell their platform to a bank as I feel a bank would rather host this type of product ‘in-house’.
anyone still holding these..
mc is £3m and £2m in cash, and not bad outlook
Outlook
The Company has spent significant time integrating operations and preparing for future opportunities and is now looking forward to progressing these in 2020 and beyond. Although the Company is not currently generating revenues from its banking, accounting and distribution verticals, it is looking at a number of options to rebuild its activities in these segments. In addition, the Airsight business gives the Company new technologies and new markets in infrastructure and transportation. The staff are energised by the progress currently being made and the prospects for growth in the future.
Good local Oz article from a couple months back, I do like the sound of where this team are heading.
GLA
https://www.newcastleherald.com.au/story/6499951/newcastle-startup-corridorai-moves-global/
Am surprised to see a markdown on such small volume, just shows how tightly held these shares are and it tends to drift down on lack of news.
On the flip side any positive news will propel this higher.
Tipped on Interactive investor as one to watch for recovery this year:
https://www.ii.co.uk/analysis-commentary/four-aim-strugglers-recovery-potential-ii510408
Talk is that global interest from railway companies is healthy, more than the current team can handle. As a result I think we’re likely to see partnerships with rail asset management companies and engineering companies who will market the product and manage contracts on the company’s behalf.