Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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"bumper year"
https://www.youtube.com/watch?v=H9kFwVEZSrM
Good site to bookmark or subscribe to for general British space news. He posts about once a month.
'Helsinki, FINLAND – February 3, 2022 – ICEYE, a world-leading SAR data provider and expert in NatCat solutions, today announced the closing of a $136M Series D funding round, led by long-standing investor Seraphim Space. New strategic investors to ICEYE also include BAE Systems and Kajima Ventures. In addition, Molten Ventures, OTB Ventures, True Ventures, C16 Ventures, Chione Ltd, Services Group of America, the UK’s National Security Strategic Investment Fund (NSSIF), Space Capital and Promus Ventures have also participated in the funding round. Morgan Stanley & Co. LLC served as placement agent for the transaction.'
https://mobile.twitter.com/SpaceInvestor_/status/1489245888564375554
News:
@ICEYEfi
Raises $136M Series D Funding, Led by
@Seraphim_Space
. New Strategic Investors include
@BAESystemsInc
and Kajima Ventures $SSIT
Nice rise today! Well done to those who held on and picked up more of SSIT when it went sub £1 last week! ;) ATB
Thu, 27th Jan 2022 11:41
RNS Number : 8782Z
Seraphim Space Investment Trust PLC
27 January 2022
SERAPHIM SPACE INVESTMENT TRUST PLC
("SSIT" or the "Company")
D-Orbit SPAC Announcement
Seraphim Space Investment Trust plc (LSE: SSIT), the world's first listed fund focused on Space Tech, is announcing today that its portfolio company D-Orbit S.p.A. ("D-Orbit"), an Italy-based and market leading space logistics and transportation company will, subject to a number of outstanding conditions, become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), a publicly traded special purpose acquisition company (the "Proposed Transaction").
Following the close of the Proposed Transaction, which is expected to occur in the second or third quarter of 2022, the combined entity would be listed on Nasdaq Capital Market under the ticker symbol "DOBT" and would imply a post money Enterprise Value of approximately $1.28 billion.
As previously announced, SSIT acquired its holding in D-Orbit in December 2021 from the Seraphim Space LP ("Seraphim Space Fund") at the 31 May 2021 valuation in line with the sale and purchase agreement signed at IPO. SSIT currently has a 9.3% fully diluted holding in D-Orbit.
There can be no certainty that the Proposed Transaction will occur and, if it does, regarding the price at which its shares will trade relative to the implied Enterprise Value. As such, SSIT does not anticipate that any change in NAV will be reflected in the Company's NAV as of 31 December 2021.
Will Whitehorn, Chair of Seraphim Space Investment Trust plc, commented: "D-Orbit is greatly enhancing and accelerating our capabilities in space. Making Space more accessible but also more sustainable is critical to the future of both the Space sector and the wider world as we know it. D-Orbit has pioneered solutions to both these issues and is set to play a central role in enabling the trillion-dollar in-orbit space economy.
James Bruegger, CIO of the Company's investment manager, Seraphim Space (Manager) LLP, and a main board director of D-Orbit added: "We first backed D-Orbit in 2019 due to its vision for creating the in-space logistics market. Since then, it has established in-orbit 'last mile' delivery solutions for satellites, having now successfully delivered more than 70 payloads into orbit via its ION Satellite Carrier spacecraft- something very few other companies have matched. These same ION spacecraft are now also starting to form the basis of the space-based infrastructure that will be used to do everything from cleaning up orbital debris, servicing other satellites, to hosting space-based cloud computing. While there can be no certainty until the proposed transaction is completed, today's announcement is an important step in D-Orbit's quest to create sustainable space logistics infrastructure."
- Ends -
They are, but only Spire has been down virtually every day since October. I am slowly building a position (in Spire, not here), but it will be interesting to see what the next few years hold. Very speculative holdings. Wonder what the premium/discount will look like next time they publish the NAV.
@TheMillipede824: Majority of stocks tanking at the moment to be honest - so any fundamentals etc. out of the window - esp. with all the doom and gloom financial news still circulating and general external factors. EIther ride it out or take advantage of the potential decent entry point but definitely would not sell these...as long term hold needed with these for any major return. GL ;)
Spire still tanking. The initial reason appears to be the conversion of warrants into 80m new shares. I can’t work out why that wasn’t already priced in, since it was always going to happen and didn’t raise new money for the company. But it was a lot of warrants, I guess.
I thought perhaps the price had continued falling for US tax loss selling to end of December, but it is still dropping now. Awful. Maybe a decent entry point in a few weeks or months. Who knows.
Agree.
5-10 year minimum hold, imo
Spot on RickyK/Djwall1s! Shame some just won’t have the patience of those timescales and want to make a quick buck quick quick…they will soon learn.
Anyhow, as I mentioned before this is a fund. If an individual does not understandwhat that entails then this is no good for you or do some DD.
Furthermore, the majority of the space companies (and market in general) is taking a battering atm. Will just top up more if this keeps on dropping esp. if below the IPO price - and long it out - even if I dont see the returns in my life time - these will be passed on to the younger generation where space travel will be the norm hahah. Better to be in than out nonetheless :)
Slowly slowly catchy the monkey for this one ;)
GLA.
Gordon Bennett, it's going to take 5-10 years. This is a retirement type fund, not an Aim get rich in weeks one.
It's the sort of thing you put a bit in a month to mature in the years to come. And I think very, very worthwhile given the way the world is going.
It's an investment company in near start ups. Give it a chance.
https:
//
t.
me/S
SeraphimSpaceInvestment
Hope this link works. It's very difficult to post full links here.
This appears to be going nowhere at the moment. Very little news, very little volume going though. It’s been pretty stagnant and is now creeping downwards. And I brought it stupidly bought in at 1.30 thinking is was about to rocket!
Like the title of your post Ricky and my thoughts exactly.
Regarding news - I concur - as in the past I have researched SSIT it is only when significant news comes out it appears on certain sites. Otherwise very little or no news. Plus it is infrequent compared to certain Stocks news is because this is a ‘ Investment Trust’ after all.
Personally, I am happy it is weathering the economical climate currently and holding strong, and agreed a couple of good reports will get it moving. Still 20% up from IPO rating.
Let’s see what the new year holds and beyond :)
Happy NY and ATB all :)
Hard to find news, no one talking about it, share volume low.
Early days.
Can't help but feel one or two good financial reports and this share could rocket.
Here's to a hopeful 2022.
Will keep adding where I can.
Happy new year.
Nice find of the recent SSIT news Troajan and posting ;)
https://www.proactiveinvestors.co.uk/companies/news/969775/seraphim-space-llp-rocket-to-21-companies-with-double-acquisition-of-iceye-oy-and-d-orbit-spa-969775.html
beam me up scotty..
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/968555
Article from Investment Week:
https://www.investmentweek.co.uk/news/4040719/seraphim-space-trust-value-technology-battle-climate-change
Yes, a good and positive update.
Sadly, I sold here as in the throws of a house sale and needed funds from outside my ISA to cover expenses for the next few months, but a decent gain in a short space of time.
I will definitely be buying back in here using my available ISA allowance upon completion though as I see plenty of scope for growth, and the sky is not the limit here!
gla