Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Echoing that HenryHistorian, hoping full holding taken. I figure it will naturally drift down again once they've completed the buyback. With the soon to be reduced cash balance, minimal revenue, the long jam tomorrow story and this management's track record it wasn't a difficult decision.
CDT late filing accounts will be hitting sentiment. This is the problem of effectively betting half the company on this one investment. They should ditch it pronto, not just because it's dead in the water and risk of Nasdaq suspension, even if it had decent prospects they should be diversifying more anyway. Cash equivalent from sale would quickly narrow Vela's NAV discount.
With financial year end on 30/03 they will have had to present the accounts as a going concern, so you'd think leading up to that would be moment they sold some CDT. It would be insane to sign off year end accounts with cash balance in dangerously low £60k region reported in Feb, when had this liquid asset on hand.
It wasn't an ideal update, Ellendale problems longer than expected, but not all that surprising from pool numbers. Market hopefully has already priced in awareness that quarter just gone won't be great - rest of year is what matters now, and it will help here that expectations are low so it won't take much to beat them.
Bit relieved Mara don't own Ellendale, seems like a bit of a money pit for Applied, who've just issued a bond to fund more works there, despite recent cash injection from selling Garden City. Introducing immersion to Granbury a positive, must be response to noise complaints. Overall I'm keeping perspective that these issues are temporary and even with them they're still pulling decent numbers relative to competitors. When they're back to firing on all cylinders on existing sites plus new capacity utilised, market will surely reward it.
Have to agree with that Dibs. New all time low being hit today speaks volumes. Even if we put aside problematic directors and broken promises including claims of non-dilutive funding, it's understandable sentiment is shot to bits when there is absolutely no visibility on this breaking even, let alone generating a net income. With financials as precarious as this, market all too aware further fundraises are an inevitability.
The Ingenuity growth story was a ruse to max out the IPO price and get Softbank and others to pump in hundreds of millions. It was a tech story veneer loaded on top of what is a traditional ecom retailer. When it became a proper plc they had no choice but the publish audited numbers revealing not just a lack of Ingenuity growth, but ultimately contraction.
@Kingalf it presumably matters to everyone who's been raising this today. Director holdings are significant enough to require a RNS, so they also matter that much there are specific regulations around them. If they don't matter to you, that's an issue only for you.
@serendipity the far right box gives his latest share count. It shows 6,603,082 shares.
Lots of things wrong with this post starting with name, it's Ulta.
Numbers also wildly misleading. Last year they did $11.2B revenue, and as everyone knows businesses are primarily valued on bottom line so more importantly let's look at that. Last year they did $2.25B EBITDA and over $1B free cashflow. To compare remind us how much free cashflow THG generated last year?
True about Amazon, as unfair as it is they now have a virtual monopoly on ecommerce. Applies equally to protein, the number of whey retailers alone on there is overwhelming. Beauty is cut throat at the best of times but premium brands will always have competitive moat during downturns. It's retailers that are primarily third party that are most exposed.
Between them they have positions hundreds of shares, it's inevitable that on any given day someone could dig up examples of a certain stocks they own falling. Isolated examples don't indicate anything at all. More representative would be a bigger picture, like for example Wace partners sharing £538m profit last year.
If you're going to try and call people morons at least learn how to use an apostrophe correctly first.
Despite the pump today this hit an all time low yesterday, after someone dumped 46,000,000 shares at 0.0174p. Seems to me that far from being morons, those bearish on the stock have if anything been quite prescient.
Burrows was paid £588k in 2023 (the latest period they've given details for), plus retirement benefits, plus hundreds of thousands of warrants. Annual report has details, including his daughter's remuneration.
His total salary last year was already an increase of more than 15% from £506k the previous year, so for this year assume it's increased from the £588k further still.
I would also say for the savings they're making, that 20% cut in annual operating costs they outlined is extremely high. I would actually defy anyone to find any other plc making cuts greater than this within a single financial year, so a bit ludicrous that poster complaining on this front.
Saying BCH has the same genesis block as bitcoin is misleading mate, when it was created out of thin air in 2017 by forking bitcoin they were simply cloning the existing blockchain history up to that point, including first block, before tweaking the code and giving it a new name.
Some more good news on the Craig Wright front
https://bitcoinmagazine.com/legal/judge-imposes-worldwide-asset-freeze-on-fake-satoshi-craig-wright
I think a tipping point may be reached when IBIT has more than GBTC, can't be all that far away now, currently 254k vs 333k.
@CB Clsk certainly were heavy on the acquisition talk. Not sure what they have to gain by being so blatant, maybe seeking forgiveness for the ATM. For all the talk of M&A across miners the surprising thing to me is how little consolidation there's been. Post-halving activity bound to pick up you'd think.
As of 31st March they report a cash balance of £23.4 million. In January they guided FY24 revenue to be £80-95 million, today's RNS maintains that. They have also previously given target of 20% reduction in annual operating costs - you should assume job losses are a part of that. Based on all this they have more than enough cash on hand to see through this year, before their target of break even FY25.