Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Sorry, bit late to the party - just realised it's already been posted!
https://www.proactiveinvestors.co.uk/companies/news/954957/supplyme-capital---innovative-inventory-funding-954957.html/long
The full report is a good read.
Steve
You should take the advice you gave to this board a few days ago re cyber bullying. You're forever on standby to jump in to attack anyone who makes comments contrary to the 'accepted' narrative on this board, spending a day relentlessly hounding someone to provide evidence for some comments made and yet don't 'rise' to the same challenge for baseless comments claiming reasons this share will rocket. Yes, I understand the difference between someone out to deceive, someone expressing concern/frustration and someone expressing genuine positivity about this share but I don't understand why you use posters with opposing views to affirm your self-imposed position as the holier-than-thou bastion of truth. I'd take a guess and suggest it could be because you find it easier to express characteristics on a faceless board that you can't exhibit in the real world. If you do take the same approach in the workplace/social circles then you are no doubt unpleasant to be around. However, I expect you are more amiable in real life.
I only joined a couple months ago and you were one of the first ones to comment to me, accusing me of being this or that and when I asked you to substantiate your comments you cut it short claiming something along the lines of 'I write as I read' or some other nonsense. That was my first experience of public posting and it gave me a taste of how ugly the cyber world can be.
Ease up man, we're real people on here.
Further, with it pioneering a new asset class, as well as being so young, there will inevitably be delays/issues/changes in direction to surmount unforeseen obstacles etc which add further to the risk. In my opinion expect huge amounts of volatility, exacerbated by profit taking due to the sub-1p SP as soon as the price begins to increase on news. But longer term hopefully it should steady. I hold 3.125m in a diversified portfolio and intend to hold for long term.
My opinion only and dyor!
Denby,
Welcome. You may have come across it already but thought I'd forward the below as it helped me understand the mechanics behind the model before I invested. Copied from their prospectus.
Business description
The Supply@ME operating platform has three key components:
1. Securitisation Investment Structure enabling third parties to provide funding for inventory
transactions through securitisation notes via Supply@ME’s special purpose vehicles called
“Stock Companies”, thereby creating a new investment asset class that reaches a wider
investment community than traditional supply chain financing.
2. Proprietary Legal Framework which enables inventory to be bought and tracked using
digital records instead of having to be physically transferred to effect transfer of ownership.
3. Inventory Tracking Digital System which means that whilst the inventory itself remains in a
monitored location, inventory ownership may be uploaded and drawn down digitally to the
system as units are sold by the customer and ownership has to be changed.
Using these components, Supply@ME’s solution works as follows:
l a manufacturing/trading company customer contracts with a subsidiary of Supply@ME (“Stock
Company”) for the provision of the inventory monetisation service;
l the customer’s ownership interest in its inventory is digitised and sold to the Stock Company;
l funding for the Stock Company’s inventory acquisition is provided by third party funders via
securitisation notes;
l the customer receives the proceeds of the inventory sale net of an annual transaction charge
(usually 6-8 per cent. depending on the risk of the customer that is determined by
Supply@ME’s proprietary inventory risk model);
l an annual coupon (typically 4-6 per cent.) is paid to the funders through the securitised notes;
l the difference between the annual transaction charge and the funders’ coupon represents the
platform licensing revenue of Supply@ME, which is paid up-front, providing a strong positive
working capital cycle for Supply@ME since it receives all payment under its annual contracts
at the start of each transaction;
l the inventory asset, having been sold to the Stock Company, is no longer an asset of the
customer and accordingly is no longer required to be treated as an asset on the customer’s
balance sheet (“asset derecognition” pursuant to IFRS). Supply@ME’s inventory monetisation
service is therefore not debt financing and does not increase the customer’s leverage levels.
This is an important benefit compared to traditional asset-backed supply chain finance;
l the customer digitally “re-purchases” the inventory when it is required for onwards selling to
its end-customer. The customer is entitled to “re-purchase” the inventory as the Stock
Company will have entered into a Consignment Agreement with the customer under which
the Stock Company will have agreed not to have disposed of the inventory.
I thin
Napalm,
I come to this board for valuable input like most others invested in Syme and do find it frustrating having to dredge through endless nonsense but do on occasion find nuggets that make it worth it. Your input is of great value and much appreciated. Nice one Centurion!
Spotify. Yes, my post clearly made that observation.
@Steve1972
A wrong assumption there. The comment re poor decisions was in relation to people who make it their aim to disrupt the board, who aren't necessarily Syme investors.
I have nothing against people who are invested in this company. Good luck to them. My post highlighted my exasperation at some of the idiotic nonsense I've read here, which I believe does not emanate from serious investors (who might I add are comprised of long AND short termers). Whether people are invested for the long or short term doesn't matter, I think you missed the point here. Not sure what you mean when you ask whether it's right or wrong for people to 'defend' their investment. I don't see the link between my post and your inference here. In fact, I just re-read my post and it's clearly targeted at those who exhibit the same behaviours as you pointed out. So I'd say we're on the same page.
Also, the good people with good intentions that you point out I also acknowledged in my post. I really don't understand the need for you to dissect my post claiming I have some alternative agenda here.
Re Twitter, with my assurance, you wouldn't have seen me on there or any other social media platform as I've never used them. Believe it or not, this is in fact the first time I've ever posted on a board.
And yes, I'm beginning to see now why people are fed up with this board. Thanks for helping me in that respect.
Hi all,
I've been reading posts on here for a few weeks and although there are clearly some investors who speak sense and maintain balance, unfortunately there are also some disruptive people who seem to want to achieve nothing other than unload a barrage of abuse - abuse they undoubtedly receive back tenfold. I'm guessing they'd clearly prefer to get such returns on their investments but lack of success has led them to continue to make poor decisions.
None of us know where the SP will be at any given point. If we've done our own research and understand the business model, capabilities and potential then we know this is one for the long term and it will be a bouncy ride. Today wasn't a bad day at all, the SP demonstrates that over the week. For some reason there always seems to be an unwarranted frenzied reaction that lasts the whole day.
Nothing that's said on this board will have any impact whatsoever on the price or the strategy/speed of Syme so let's just be patient people and hope for the best!