Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can we finally get a blue day on a Friday of all days, was hoping for new contracts to be announced at least once every two weeks as we were told small or big would be announced, maybe just maybe there working on multiple complicated big contracts and terms that will be announced at the same time, if this was to happen and the price so low this could fly , maybe I’m being hopeful but it’s gone down slowly everyday since GM contract I wonder if in the not so distance future this will bounce back to £1 in a single day,
This has had a horrible month.
Came out of suspension and went up nicely to £1.20 and now back to nearly the placing price ☹️
Surely this has to be close to the bottom now?
I know there's only been a few contracts for low value announced (correct me if I missed something) but they are with high value companies and could expand very nicely.
I don't expect this to drop much further, if it even drops at all anymore it would be a surprise.
But I think it might take some time to return to £1 or more.
What do others think atm?
Presumably those who bought at 50p concerned at the lack of actual contract announcements. We will look silly if 5 contracts announced tomorrow!
Either taking a loss or taking a small profit from recent low or placing.
Will top up if we see 50p again
Thanks Tom.
Gobsmacked. Wrong again. Maybe blue tomorrow lol.
The monthly burn over revenue is huge and the multi-country operating model adds to the operating cash required to pay the bills in the right locations. Bank debt is going to be impossible with the balance sheet, so It will be fascinating to see if funds follow their money in again irrespective of the discount on share price. There will come a time when they have to take the hit.
Trust no city sources; but contracts were signed … guess latest Monday RNS - will buy in tomorrow
Never ever have I been in something with so many red days, look forward to 30 blue days in a row one day 😢
If this the base then who is selling? Surely even those who bought in the share issue must be selling at a loss. Makes no sense but then again it is Aim.
As the CFO said in the presentation timing of new contract signings could slip, and cash from them may not arrive until 2024 - Q3 has only 2 weeks left and only 1 contract for $400k (probably over a number of years) has been signed - Needs 15 contacts with cash now to meet the target. They have promised to announce all the contracts even small ones. Not impossible but a big mountain to climb. If Q3 is disappointing price may fall further until more contracts are announced.
Smallwheel
Watch the presentation and read the last RNS in full, including the CEO's statement.
Even if the tech is worth half a million there is no getting away from the fact that cash is needed for 2024. Where is it wand going to get it from?
The tech alone (imvho) is worth an MC of half a billion.
Look at the valuation of other tech companies.
Magic wand = Stephen Kelly.
Did you see the presentation?
Conservative with the growth figures.
Underpromise; overdeliver. Speak to any SAGE investor.
Mcap of 60m, projected revenue of 6m max, cash 16m left at year end 2023(14m spent out of 30m raised) so a free cashflow of ?m from 6m revenue to finance 2024
What's not to like? It appears that corporate governance has been the ME for the past few months...now let's hope that the newly briefed and trained team can deliver. On, on!
Oh, and I predict the bottom has been touched and we are heading north again.
Defo blue day today I would suggest. Confident of multiples of this price come end of year. Just love the professional way that that presentation was put together.
I agree, I am all in here at 58p
good luck all
Dix erect
Just watched the video, it’s really bullish and confirms lots of really positive things. I’ll be buying more shares accordingly
If it's any good then the share price will react accordingly. Patience needed but I think new shareholders will be rewarded fairly soon. Have to feel for the long term holders though.
Clearly it builds our confidence but it would be good if the whole market saw it. I suppose if buyers buy others will start looking in but be nice if wand did rns it
What a great presentation. In Mr Kelly we trust !! Big blue tomorrow and might try and find a few quid for a little top up.
Managements credibility really comes through on this. Hopefully they will rns it as once it’s been viewed demand is really going to increase here. Impressive. Would add only popped up end of day as went on the site at 3pm to view the presentation but that link wasn’t there at the time. Onwards and upwards
Impressive number of clients from the US.
Kelly engaging with Fortune 500 companies.
Experienced new board.
Seroous potential.