Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Looking at stars, had a smile and an element of discomfort reading your post as I’m forced to confront the fact that I first invested in SYM around 15 years ago. I’ve added over this time and like you have ended up with a large holding and a sense of bewilderment at how I’ve gotten into this situation. I agree Laurier needs a rocket up his backside from investors but I also agree with ctw. The updates of late to seem to have a higher degree of conviction in a significant uplift in near term sales than the usual optimism that’s been rolled out over the last years. So I think we can do both, signal to the board investor unhappiness as well as remain optimistic for the rest of 2022.
I think a little more patience here will be rewarded!
Artji, good post. I am inclined to agree. It always seems to be just out of reach. When are some of the '100 customer led trials' going to materialise? Where is the big bread packaging deal? When is the Saudi enforcement actually going to impact on sales etc etc? I own about 0.8% of the company bought between 5 and 10 years ago. I hope CTW is right and given the strong statements made over last year or so about 'transformational' deals in the 'near term' etc (although still waiting - which makes you wonder why they need this Brennan 'the finisher' bloke!), I think they will finally lose all credibility if it doesn't shift soon. I've invested way too much time and money in this share and if nothing 'transformational' by the end of this year then it will finally be time to give up the ghost. I will be gutted as will have wasted 10 years of my life on it. I agree that its time shareholders started expressing their frustration and urgency.
Agree that this is a very frustrating share…facts and figures are always minimal and as for new contracts?
Been here for years with a higher average than I would like but have no reason to average down.
I can understand the frustration but in my view there have been too many recent and positive developments for this not to be on the cusp of a major shift forward in terms of revenue growth.
Been a holder of shares since 2018 and in that time they've gone virtually nowhere. Turnover has increased marginally from £8.8m to £9.2m but that hasn't turned into profit, in fact losses are increasing. As a previous poster stated, it's just enough to keep paying the BOD. All us shareholders get is promises of jam tomorrow and excuses when it doesn't materialise.
So I've voted against the re-election of the 3 directors up for re-election this time, and also against accepting the annual accounts, which includes the directors renumeration report (they daren't offer this as a seperate item on the agenda as they'd be scared of the result). Don't expect any of the resolutions to fail but a significant against vote would give them a good kick up the backside. So I urge all you shareholders who are similarly disenchanted with the lack of progress to do likewise. It's our company, we have a right to expect better than this.
old testament or new ?,,,,,[frustrated ,, ant we all ?]
D2p news on the horizon would be my guess - North America sales update and/or update on sales traction in other countries.
Does look as though something is up. Shareholders will be the last to know. Ever thus with SYM (and quite a few other AIM stocks).
Dare we hope for news?
…..round number buys this am. Long may it continue.
Go on…..shareholders dare the sales force to sell! Please?
Well he has an incentive. Most of those options are priced at 30p and the remainder at 25p. If he wants to see any value in those he needs to get the sp well above those values.
SURLY ,, in this environment ,, SYM sales team can get some coverage . news adverts TV social media ,,,, you never hear nothing ,, big contracts whispered ... come on now , drop n RNS
Just what shareholders want to hear,lots of jam tomorrow,and a bigger trough to fill.If they carn't progress reasonably quickly in this more than favourable environment then?.
Five years advising De La Rue we know where that ended??? Advising Sym since Feb 2019 no progress in that??, another snout in the trough for shareholders to feed!!!
Not so sure the new appointment is going to make a difference ! Alexander holds no ordinary shares in the Company ("Ordinary Shares") but has options over an aggregate 1,750,000 Ordinary Shares that were granted to him previous to this appointment to the Board, and in respect of his consultancy services provided to the Company.
One batch of options were granted in Sept 20 so he has effectively been around for quite some time as a consultant. Time will tell.
I thought the same
This is a very good sign in my opinion. This guy looks very well connected and should be a great help in opening doors in various jurisdictions, Governments, and businesses/potential customers. All in my opinion but google him and form your own view.
I would consider averaging down if there was a sniff of good news but don’t want to throw good money after bad.. a real slow burner and the candle is getting smaller.
anyone there ? hello ...news ,,,anything ....?
BBC PLASTICS AGAIN! ,,,surely sym could approach them ?more coverage ,, go on sales team one of you be a devil !
The commonality with most struggling aim companies are rediculous salaries ,head in the trough options, slow if any progress and lack of information to the share holders .
I think they are trying their best to get to the half year without having announced any major d2p contract. In any event, we will know when they have got one because the share price will have started rising several days before it is announced.