Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
securing substantial revenues for next year and 2021:
Https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-awarded--1-8m-contract-for-c-130-vmt/201912020932393073V/
"SimiGon awarded $1.8 million contract for C-130 virtual maintenance training
SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has received a $1.8 million contract from a large international defence electronics company ("Defense Company") to design, develop and implement a C-130 virtual maintenance training ("VMT") solution for the Israeli Air Force ("IAF") technician training academy (the "Contract").
The Contract for the C-130 training system is a new product complimenting SimiGon's current range of VMT solutions, including the F-16 training system which is already used by the IAF. This Contract, along with other ground based training systems using SimiGon technologies in the IAF, including T-6A Virtual Reality systems and the M-346 Advanced Jet Trainer, further solidifies SimiGon technologies as the IAF's primary training technology platform for aircrew academy members.
The delivery includes 'H' and 'J' variants maintenance training devices, virtual instructor ("VI") guided lessons for flight line operations and advanced avionics repair and testing. VI lessons reduce the burden and reliance on live instructors. The system also includes a native learning management system to distribute training content, track user performance, add classroom management capabilities, and enable improved reporting. The Simulation Based Training system will be provided on SimiGon's Virtual / Mixed / Augmented reality-capable environment.
The Contract's period of performance (excluding 12 months warranty and support) is approximately eighteen (18) months and the expected revenue contribution has already been factored into management's expectations for the year ending 31 December 2019 and also contributes to improved revenue visibility for FY 2020 and beyond.
This award is further evidence of SimiGon's growing impact on the aviation maintenance training market and strengthens the Company's market leading position.
Mr. Ami Vizer, SimiGon's Chief Executive Officer and Chairman, said: "This Contract is a great achievement for the Company and we are proud to continue to play a major role in the IAF's ongoing maintenance training program. We expect this Contract to lead to additional business opportunities with this large Defense Company, the IAF and the wider aviation maintenance training market."
The contribution from this contract win will likely be pretty immaterial for the current year.
The main impact is for the year about to start - $1.8m is a pretty sizeable single contract win considering total annual revenues have been between $4.3m and $6.9m recently.
And SIM had $6.15m cash at 30th June - compared to the current £4.6m m/cap.
Market cap still low
Moving up very nicely - up 1p today on just £1k of shares bought! Can't be much stock around.