Roundtable Discussion; The Future of Mineral Sands. 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.
Yes not insightful, but I'm not paid to come on here and chat rubbish. Cat, what is your purpose on here, and do you get a monthly retainer or pay per post?
Re Black Tulip - I guess it is due to a combination of Cov19 delaying project completion and ( possibly) financing issues. If you check out the Saracen Pro ( BRMNs - Piura) linked in page toy can construe the narrative. BTMNs Chala is a different kettle of fish- dependent on access to financing but if accessed (leasing facility?) could exceed Piura. BTMNs are 1 small scale artisanal mining outfit in Chile. No guarantee that they are going to unleash a tsunami of orders from the 4,000 mining cos with 1-2MW of demand should they shift from wet to dry fuel.
When you say you "de-risked", you must really mean sold out when the stock was riding much higher a few weeks ago. Nevermind SAF, whatever happened to Black Tulip too? They were over the moon with the product, didn't you say? Has there ever been any offical news on why they haven't used it....? Not as far as I am aware. Verditek has a lot of answers to give.
Verditek is a conundrum. On the one hand it appears to be in the right place (renewables) with the right product (lightweight flex SPVs) at the right time (global shift to solar). On the other hand, it continues to disappoint on delivering sizable new contracts (1MW+). How much of this is due to Cov19, poor operational structure/sales team, inept management, lack of resources or weak balance sheet is unclear. However, the fact that VDTK hasn't been able to shift the 1MW of stock since the 'postponement' of the 1.5MW SAF ****stan order in mid December, is a concern. With cashburn of £1-1.5mn pa and estimated cash at end Feb of around £1.5m, VDTK appears to be in a race against time to generate orders before cash runs out and the begging bowl is passed around to investors for the umpteenth time. Having hitherto promised so much and delivered so little (thereby burning so many bridges with investors), the jury is out as to whether investors will be so generous at the next fund raise unless it comes at a huge discount and existing major shareholders' influence is massively diluted.
With no sign of the much vaunted Paragraf JDP update or any material new contracts from credit worthy customers in developed markets for nigh on 6 months together with a lack of trading update containing a strategic vision of what VDTK is trying to achieve, I have de-risked my holding in VDTK and am happy to sit on the sidelines to see whether VDTK can deliver on their potential or whether state subsidised Asian competitors will slash prices, crush margins and rain on VDTK's parade.
Patience is a virtue, but in a roaring small cap bull market, there is a huge opportunity cost to being the last man standing in VDTK! Major shareholder Paul Harrison's turbo charged vimeo presentation in June 2020 which contained a host of uber bullish forecasts ("we are gaining enormous traction very very quickly"/ "watch this space for near term early order news"/ "we are getting incredible interest") seems a distant memory. GLA.