Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Pretty decent results today, particularly as regards H2'18 compared to H1.
SIM made a loss of only $0.3m excluding the one-off bad debt provision - and in H2 this loss was just $0.04m.
So SIM is now trading essentially at break-even. And this outlook reads well in that respect:
"By increasing SaaS-based contracts for more recurring revenue and better long term visibility, together with intensive R&D investment and business development efforts on multiple market opportunities, the Company expects to quickly resume cash flow positive activities and profitability."
This £5.6m m/cap has $6m net cash plus around $2.4m net trade receivables/payables.
SIM have written off $2.34m of R&D expenses - and this increased to $1.3m in H2, yet SIM still almost achieved break-even.
And of course there's also today's other extremely interesting news re the commencement of an AR training programme with Israeli Air Force:
Https://uk.advfn.com/stock-market/london/simigon-SIM/share-news/SimiGon-Limited-Simigon-kick-off-reseach-programme/79781713
"SimiGon kicks off Augmented Reality maintenance training research with the Israeli Air Force
SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is proud to announce that it has commenced a ground-breaking Augmented Reality ("AR") research programme with the Israel Air Force ("IAF") (the "Programme"). The Programme will utilise SimiGon's R&D investments in the Virtual Reality ("VR") and AR domains with respect to aircraft maintenance training by providing the invaluable ability to test and refine technologies in the demanding, up-tempo operational environment of the IAF.
SimiGon designed and developed AR and VR enhanced products and technologies will be used by the IAF in the research programme with the IAF providing logistical support and subject matter expert feedback. The Programme is expected to place SimiGon at the forefront of technology and it will enable the Company to use this technology in various domains. As the market for AR and VR enhanced training takes off, it is expected that this Programme will have positive impact on the Company's business opportunities.
SimiGon Vice President of Research and Development, Hagai Piechowicz, said: "SimiGon's training technologies will be making a great leap forward with this Programme. Our R&D team will rapidly design, develop, prototype and test our newest training technologies for the AR and VR aircraft maintenance environment in the IAF F-16 squadrons."