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Ngr
Kooba the slide pack indicated Gen 2 is guided to enter production in 2028
Think he says something different in the Q&A’s …isnt it always the way!!
2 years from the start of 2 year development plus 6-9 months scaling.
Now you mention it that would take us past CY 2026..but sure that is what BT said.
Runcorn production line by Apple wasn't the display line but assuming the Sensor line.
TS yes it did sound like one of the customers had the Fab equipment in the broom cupboard, and floated the idea that they were willing to sell it on the cheap to help in the development process.
Bucheron
“Kooba what I think is not relevent.”
Agreed.
Moreover
My recollection is the Runcorn production line was paid for by an unnamed American company, thought to be Apple, looking to buy material from Nanoco. Apple did not go ahead for reasons, we were told, that had nothing to do with Nanoco.
Dow also built a production line in Korea to produce QD under licence from Nanoco. But that was never used either.
Its just another 'expectation' to break even in 2025.
The new Fab can't be just a white elephant surely given the need to produce wafers to suit STM.
Looks like it may be sometime though before we know what ice cream is required.
Anyway maybe some comfort can drawn from the fact that we've been described recently as a world leader, U.K tech pioneer, a leading player, supply chain partner and wait for it .... ' an invisible enabler '.
BT says that we can produce dots for use ' anywhere where a machine needs to see'.
You're right "display" let's keep away from that bag of nails. Gen2 all seems to be around temperature range, so cars imo.
Kooba what I think is not relevent. I don't waste my time on such nonsense. I just make money.
-Nanonano BT said he doesn't believe their products are in any devices on sale today....so in my view that rules AVP out.
-Kooba the slide pack indicated Gen 2 is guided to enter production in 2028
More orders this year from Gen 1 and guiding BE in FY25 and mobile adoption in 2026 must all be from Gen 1
(Display has potential but let's not go down that rabbit hole....)
Kooba, I also put myself though the pain of the presentation, but if I was new to the company I would think YES this looks like a good bet. However, being a LTI all I could think off maybe BT should go and work for Hartleys. As you rightly say, how can the board state breakeven in 2025 on the information given within the presentation. Maybe they know something is come in the display arena ?
Another concern is whether they are repeating the same error by first investing in a production line for Quantum Dots for TVs without securing a contract, and now establishing a Fab for an uncertain future. Time will indeed reveal the outcome in another two years or so.
new note out. same *******s - different day.
Kooba
Interesting so no further updates on the expected small order expected this year or how they will reach breakeven next year burning through between £3.6m to £4.8m cash a year...To get to breakeven I guess a £6m commercial order with a margin 60%+ would be needed to at least reach the lower estimated monthly cash burn rate £30]k.
Well bucheron
i am tired of reading the nonesense that the company will trade at the cash value held in the company. this is utter *******s. the market price is driven by supply and demand.
I have not suggested they trade at cash i have suggested that on a like for like basis of how they have traded for a number of months prior to the announcement of the tender then there should be an adjustment for the clearly reduced cash per share resulting from the distribution and apportioning the same EV across the remaining outstanding shares in issue.
You obvious have an issue with those workings so pray tell how you value the company post distribution…and why??
Listened to the presentation and there is nothing much new to be fair ..expecting maybe some more low volume production orders before the end of the FY..but nothing is factored into the research estimates. Much talk about the fab that might speed up R&D Work and that they got $10m of equipment on the cheap..though didn’t say what was spent..looking at cash position figure it is $3m.
Only questions were very friendly as from paid for houses Canedish and Edison. On question was when current work programmes for Gen 2 materials with STM and Asian customer could lead to orders..similar time lines..2 year development programme then 6-9 months scaling up..so could hope to see orders CY2026.
So most focus on medium term delivery of value against short term increase in opex and capex. Current cash burn rate moved up to £300/400k per months.
Slightly difficult to see how they go cash flow break even in 2025 on the basis of this, as they are not currently expecting any mass orders for gen 1 products. Hopefully orders will build but no signs short term as of yet.
…..attending the GM today in person?
I agree bucheron but I got shot as being stupid for suggesting such a thing.
Meanwhile, Donald Trump’s LOSS MAKING Truth Social is valued at 8 Billion Dollars!!
Troublesome
"Could anyone suggest a 'possible' commercial order that would lift this SP to 50p within the next 2 years ?"
Depends on number of tee shirt's 👕 and what size. Also let us know if would like the special BT's personally autographed on back sweaty post media interview tee's?
"Based on the development timescales the expected growth is coming from Gen 1 materials into phones in 2026 and the current orders are to satisfy the development of the sensors for the mobile device rollout in 2026. "
Doesn't make sense to me. You might want a few hundred, at stretch maybe a few thousand for development, but millions of sensors?
AVP still makes the most sense, especially as they stated that they expect further low volume orders CY24, and that ties in with the AVP being rolled out into other markets reportedly starting with China.
i am tired of reading the nonesense that the company will trade at the cash value held in the company. this is utter *******s. the market price is driven by supply and demand. don't forget this traded at £2 a share once with no cash and a load of debt. so let the market decide what price people are willing to pay for the shares.
one thing i don't get at the moment is people are selling below 24 pence seems strange. however i put a purchase through a couple of weeks ago which was a big buy on the day and it was shown here on lse as a sell. so do not believe everything you see regarding trades.
Could anyone suggest a 'possible' commercial order that would lift this SP to 50p within the next 2 years ?
All the expectations, potential, inflection points and transformations appear to be nothing more than dangling carrots while those with the biggest pockets make the most from the temporary windfall as a result of the settlement.
Fair enough 😉
NGR1616
"Why not?"
Because I said so now sod off!
LordWM
Agree its very hard to decide the best option I think for most retail investors the return of valuecat the end of the day maybe quite small and we dobt know all the plans and activities that will be used post 25th April when funds returned to prop up the share price..From which pointvI expect Cavendish to start utilising the £3m to auto buy shares at the certain trigger price probably above 19p as well as ramping up propaganda on the 60p target price..LOAM may or may not intervene moping up any 'cheap' shares. Hence current share price may not be a million miles where we land post 25th April at least for the first few weeks until Cavendish have shot their load and if no commercial deals are signed by June the share price will retrace back down to low teens based on £23m cash remaining and c.180m shares in issue. Its a real dogs dinner what to do on this one !
Why not?
NGR1616
"Based on the development timescales the expected growth is coming from Gen 1 materials into phones in 2026"
Not Samsung Androids then lol!