Member Info for 33obsbdcs

Much has been said on this bb about the old BoD over promising and under delivering.

New BoD have issued a balanced, detailed, informative and clear RNS.

The wording on orders is clear: ‘No firm orders’.

It does not say ‘ no orders’.

Folk have short memories - it was not long ago that the NHS and others were being hammered in the press for buying PPE that was not fit for purpose. The question you really need to ask is - will they want to repeat that ......or wait to place firm orders once the certification is done?

A week ago- this bb would have got very excited about ‘1 or 2’ out of 5 tests being complete.........so now we have 4 out of 5 and a clear update.........

IMHO the RNS is very positive and issued by a BoD that is seeking to balance expectation with good Governance and set themselves apart from the old guard.

GLA

I’ve been invested only since October. I did get a tad hoodwinked by this bb in November (spiked by hype) and a lot by the old BoD:
Good riddance.

There’s great things to come - absolutely. Gareth and Alex are clearly stars in their field.

But: new senior leadership typically have a 90 day plan to come up with their findings/recommend to the wider Bod.

They also are likely to have contracts that are linked to an improvement in the sp on a trailing basis from when they started.

They are also likely to want to be seen as the “new broom” and keep a huge distance from the old guard - given their bad behaviour and bad press. Not therefore motivated to issue RNS after RNS/ be micro managed by this bb.


So whilst we might all be hoping for a “boom” lighting RNS ...it’s not a low probability we could receive a holding RNS whilst the new Bod get to grips with the mess (if any) they might have found.

Equally - on track record it’s possible the old Bod sold out - knowing what they know.

Patience for us is key. Only what is public is known. Only what is fact.....is known by the Bod.

So newbies - beware of the hype on this Bb, keep eyes open to the rehash of old material, and ignore those prophesying “boom”.....and also those throwing insults.

This business has a right to survive and thrive. It’s product suite is so badly needed/in demand. But in the real world things take much longer to materialise than the impatience so much a feature on this bb. Give it time.
DYOR. And GLA

A nice little package (1) from Eskom would be fab....

Use to move from AIM to main - and away from these MM games...?

Good weekend all and here’s to a better week next week

Thanks for posting rivaldo.

For fear of over-simplifying - the reason I’m invested - all cars however they are powered need brakes - the weight reduction alone is an absolute reason to buy in my books as we transition to electric vehicles. Add a healthy financial profile and grounded, experienced management team to the mix: strong buy.

You’ve posted exactly what I was thinking. At this time we are simply treading water with our trust fully in the BoD to deliver on what they are working on.

Whilst I admit buying on the spike last week - the more I continue to research the more I like.

NDA’s and finance agreements with suppliers are notoriously time consuming - if not complex to initially get negotiated, agreed and signed off by all involved. Throw into the mix the multiple jurisdictions in play - then it’s only natural folk will see this as ‘delays’ when in reality it’s just the time it takes to do business. The time and pain of the documentation should not be underestimated - but once signed - its rinse and repeat.

For me the one of the company’s key strategic fundamentals that attracts me/overcomes concerns of other ‘securitisation’ plays - is not funding stagnant/distressed stock.

This business has so much potential - we need to be patient and give them time to deliver.....(it’s only the 8th Jan after all......)

GLA

Absolutely. Let’s hope news/company update is also near - to calm the nerves of those tempted into selling and break the trend. This business based on fundamentals deserves to re-rate and move significantly upwards.

Not playing down the significance of whether the machine has arrived or not - but whilst this BB has been fixated on the lorry, its journey, its route...it is from a business perspective - just a lorry delivering a machine - would it be reasonable to assume that the arrival of a machine/plant or kit on another BB would warrant an RNS? My view - no.

If it has arrived - to the BoD - its just what they said/expected to happen. An RNS saying installed/tested/Commissioned is the first one I’m expecting (hoping...) for......

They didn’t issue one a few months back when share price rising and BoD sold out...and got a slap on the wrist as a result. Now methinks this is just overcompensating for last time - so nothing to see here/be concerned about - other than to top up on the dip.

All that’s missing is an update from the company and that will come.

Since October and the raise I’ve been in the red - blue and red again Having topped up.
BUT - nothing has changed:
Management team - respected, incentivised, demonstrated proactive hands on changes;
Balance sheet -healthy now restructured (ignore the negative posts on what happened before - not relevant);
Projections/business case - wont repeat the good posts below - but looking conservative/credible;
Jurisdiction/country risk - minimal - solid framework;
Off take - just looking at Copper alone and the outlook....v positive/plenty of demand upside.

The shares subject to lock in do temper my enthusiasm- but that’s not a risk to manage today - depends on product output and results down the line. But - all shareholders aligned.

In summary - its just a case of no-news is ......no news.... at the mo.
Also with a number of other AIM shares flying - folk are clearly selling what they can to invest elsewhere. Once we get news - they will be back in size.

All IMHO of course. GLA.

Agree. BoD behaviour far from respectable over recent weeks.

However, given the underlying fundamentals of the business I wonder whether the ‘negative slant’ is due to advisors and BoD seeking to over compensate for previous tweets seen as leaks and all the selling shenanigans. Perhaps a slap on the wrist from the Regulators has been the cause to focus minds on what the company posts in the public domain.