Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Mad, nobody cares about acne, the existing cb has a long way to go before its completely flushed through a dried up volume. There no buying just selling because everyone is waiting for the floor to be called.
priority
1) Croda launch confirmation in 2024 is THE priority (i won't hold my breath)
2) More data on just how 'accretive' derma and modi is. Why is the company allowing misinformation from tw pushed, its sa\mr jobs on the line
3) specific launch info on the heel balm and if elrico is right, several other products
Nobody is interested in another acquisition that is negatively impact the cash flow. We are drowning under a wave of cd being dumped and now debt as well. I wish the company would leave all future m&a until they can be funded by croda cash.
2\3 could provide a lot of comfort if elrico spin is more accrurate than tw. If so, it would put to bed the cash burn argument and more funds needed in 2025.
Nick, i keep my emotions in check. I am not slarty.
Mad I agree with your summary.
It should be straightforward to agree to a salary reduction and perhaps a share option scheme based on results .It is however wishful thinking to think that They can comment on Croda they have no control over what this large Company will do.
Madabout, absolutely fantastic post. There is a witch hunt going on, led by TW because he has taken offence, and it absolutely needs to cease for the board to gain some breathing space. However, when people have invested four, five and six figures into the company based on the outlook of a management team who have delivered nothing but a massive loss on those investments, one can’t really be surprised. Your list of points are required as a minimum to reassure shareholders, and if they are not reassured they are going to look to see change.
Also need to see a distribution deal, regarding axis and acne.
As belgrano mentioned, and I fully agree, great products.but needs some good PR
IMHO SA and MR need to tick a number of boxes on Friday. 1) Croda is very much alive and is nearly ready to launch post clinical trials. 2) Acne results are coming soon and will launch this year. 3) They have sufficient cash to run through this year and into next. 4) Axisbiotix PS is growing. 5) No more CLN to be used. 6) Another accretive acquisition imminent using debt alone. 7) Reduction in Executive remuneration. 8) Modi agreement is live and we will see a forecast at some stage soon. OF they deliver all of this then the witch-hunt needs to cease ASAP.
Sensible post Cliostock, thankyou for your contribution.
Yes SA and the board could seriously decrease their salaries which would give this company a lot more runway.. Its by far the largest cost, and there are plenty of industry comparisons where the CEO and board have just done it automatically without shareholder prompting as they do see success down the road and want to ensure the company gets there. This generates increased investor confidence in the board, and helps keep the share price buoyant.
Jury is out whether SA will actually do this, as far they have only increased remuneration while failing to deliver on sales, despite having really great products.
two good points toyin, it seems people by nature see a couple of bad things and jump to the conclusion that everything must be bad. this company still has a hell of a lot going for it, but the board have performed poorly recently and so people are becoming worried that this poor performance will infect all areas of the business. it’s understandable really. i’m still a believer but i don’t have the ****nal to defend the management anymore, this has been going on quite a while now and the end of the month reaches the end of the ‘this company will be transformed’ time period. i think this is the time for sa and mr to own up to struggling and either step aside or allow the company a load of extra months of ‘runway’ by halving their salaries until a defined sp and sharing a clear plan. tc, i don’t believe the largest shareholders will sell and move on, they have power and direct access to sa and each other, they could negotiate him out if they wanted.
PGLancy
Lots of emotion here and keeping out of it for now. Were you by any chance slartybartfaster on another board? Phil?
Ignore the PR fluff from Lemming, but the reality is we have a crap CEO, who has no support but is still in post. ? The largest shareholders will sell and move on.
i understand the share price is in the toilet and there are a lot of ****ed off investors, me included, but can we get a couple of things straight.
1. croda is still there and hasn’t changed until an rns says so. tw can say things like he hopes it comes good, or it’s a binary bet, which is ridiculous as it implies we have croda and nothing else. the fact is, it is still 100% happening until official channels say otherwise.
2. we have a 15-16 month runway of cash as of last month, not including increasing sales of axis, or the just launched modi products being sold right now in six countries with a sales force of over 1200 people. now if soh says he forecasts £1m in revenue in year one for ingredient sales, in one country (india) with a sales force of 175+, what figure would you put on multiple products being sold in six countries (including india) with a sales force of 1200+?
i understand and totally agree mistakes have been made, but the science is still the science and everything is still intact, as difficult as it is, i suggest looking at the facts good and bad rationally and leaving emotion and anger to one side.
I dispair. I can't get a answer from elrico on the 'accretive nature modi could be other than he was right and tw was wrong re the cavi forecasts. Why haven't the company updated the figures. Surely modi has estimates and shared them with sbtx. We know this is how they work through Opti news. You'd think the ceo and cfo would be eager to shut Tw up. Apparently not. Another sign of incompetence.
tw has his faults. he has been right about the idiots at board level. overpaid ******s. i get the impression nobody at board level understands the optics and just think now is the best time to announce cathy is stepping down to focus on the lab and the epiderm project. the board are amateurs when it comes to writing an rns and conveying their corporate strategy.
i bet the manage to f the croda launch news assuming its still happening.
AS,
I bloody hope so!
Well I'm looking forward to the Interims for once Doubting Thomas. The finances are already a known, there will be enough cash to last until Q1-Q2 2025 without deals landing, so the focus will be on; Acne results, Oral Study news, possible Unmesh Modi forecast news, and a Croda update and I expect all to be positive
Let’s face it, there have been more than the fair share of saboteurs attacking this share. Winnifrith has attacked SA and MR relentlessly. Many trolls have jumped all over his vitriolic rants and made them worse. The CLN wasn’t the best news at all, there’s no hiding from that. However, they are adding revenue generating companies to the portfolio and pushing out products cautiously. To speculate that Croda might not happen is downright stupid. SA would have to immediately make an announcement if that was the case. No such announcement has been made. WHEN Croda comes through this stock will soar and it will be difficult to get hands on shares. In the meantime we will have multiple other revenue platforms. Stop spreading malicious, destructive drivel and focus on facts please.
Completely agree with you Thomas and bear, the excessive remuneration is a huge red flag, and does smack of the death spiral that our CEO is aware of so wants to get max out of the company while he can.
I believe its almost uninvest able currently and expect TW will be out soo if not already.
Hi Gibson, thanks for the post, please leave abuse in the garbage.
Look what one poster wrote when the shareprice was 53p. Now the shareprice is over 700 percent lower , do you actually still stand by your words.
clearly the market does not agree.
"Look at the performance of the company and its trajectory at this early stage of commercialisation and you won't begrudge the salaries - they're working rather than just posting on share chat boards. The sp is disappointing of course and many are under water but traders will sell once too often and will not be able to continue to damage the sp before long. This company is sound and nothing like the Aim non-achievers."
We have the interim's on Friday, which will be woeful. This could be an opportunity for the board to slash their obscene remuneration.
In TW's eyes the raise was a form of death spiral I think,which will cause huge harm going forward..???
Is this SP what the El Fantasist and El Fantasist Junior have been calling a "Deep Dive'?
Still the rampers on here are not worried of course!!
Belgrano, I was simply prompted by your post that you were glad you hadn't taken 'paid' advice here as you would have lost a lot of money. When this was over 20p you encouraged Opti investors to sell up and buy SBTX - how much would they have lost because of your advice - as opposed to a 30% gain on Opti. You always react with feigned self-righteous indignation when called out - hopefully nobody is foolish enough to fall for this anymore.
Thanks Aqua
I stand corrected.
Bear, TW also said this before he got out of bed the wrong side. "Tom when he last interviewed SA in his summing up said that "if I was running Skinbio then I would raise 1 million and that would see me through to 2025 when the Croda revenues would kick in and that was only one of the pillars because there is a potential deal for the Oral toothpaste, Psoriasis, Acne and the Medical side could kick in, so lots of upside to outweigh the downside risk of Croda not materialising."
Now I accept the additional costs from the Dermatonics deal have kicked in and until we hear more about the Modi launch and how well it will be promoted, we wont know how soon or how much additional revenue that will generate, but SA did raise £3.25M gross which is triple what Tom considered was needed to tide the company over, so why does he no longer feel that is the case?
Even though Opti has declared the RNS as "another event" they have sold 800,000 shares as well (24th Nov 23 declared holding 25,740,639, now 24,940,639) which doesn't augur well for the state of their finances if they are having to sell at these prices