Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Good news, but unfortunately the SP has yet to beat anyones expectations and *still* remains 20%+ under the original Cenkos valuation of 16p !
It's remarkable thinking back to the days of 2018 when the SP was 14p with zero news, yet we are in a much stronger position now yet the SP can't reach it's historic highs.....
We have endlessly waited for news of any kind so I think that this is overwhelmingly positive. As Seeing-2020 said, these discussions have been happening for weeks when the SP was sub-11p, so to achieve only a very small discount in the placing price (8%?) is a testament to the opportunity ahead. Normally companies place at a 10-15% discount.
For those of us that didn't participate in the fundraise for whatever reason (not enough time or lack of available funds), there has been no real reduction in the SP which has been gradually climbing over the past week or so, so I don't think complaining about the timing of an RNS is merited. Offering shares to retail buyers was a token gesture in a process which was ultimately pointed at US and Canadian investors - highlighted by the appointment of Beech Hill Securities to further enhance our exposure to investment opportunities, as well as the timing of the RNS.
It feels like the key is in the ignition and its slowly being turned. When the Magna news hits via RNS- not to mention ALL of the other news that we so eagerly await (notice that PM mentioned that Auto, Fleet AND Aviation are all making significant ground in their respective industries?) SEE now has the confidence and budgetary means to pursue all opportunities to grow the company and drive back the significant value to shareholders of which we have all been in relentless pursuit.
Totally agree, I thought that this morning when I read it in the Cenkos report. An announcement of such Magna-tude deserves a whole RNS to itself to shine in its fully glory
Re: Qualcomm, it is puzzling indeed.
Surely if you were QC, you wouldn't want your competitor getting ahead of you in the field - like Magna has done by strategically investing in SEE. I would imagine that SEE would have offered QC the option to take part in the funding round, considering that they are their chosen DMS partner - and to play fair. I'm guessing that they rejected this offer, unless we are yet to hear about it. Seems strange though that QC don't even want to match Magna because they clearly know the value this new market segment has the potential to achieve.
Tomorrow morning we should finally have a great reason to log into LSE at 6:55am!
Someone on ADVFN noticed that SEE are pursuing a dual listing, presumably on NASDAQ, however I can’t find any news on that yet….
thank you Wilson and Fisherman! Great reading...
Fisherman, where has this paragraph been extracted from ? Please provide source, thanks!
Just landed on this SafeStocks article dated May 2021 in which the author predicts then that SEE would be 40p by the end of this year...
https://www.safestocks.co.uk/2021/05/03/why-seeing-machines-is-grossly-undervalued/
Gosh! The thought of sitting at this price for another year with no news isn't a great prospect. I'd lose my sanity !
I have often thought that if another 6 months passes with no news, then it might be that we never get any news - for whatever reason - and that it's time to move on
Who knows, perhaps someone caught covid and the offices had to shut down for people to isolate ?
PM has prepared us for the possibility of another fundraise since August 2021 when he said that the MAJOR challenge facing SEE was that they had almost $1bn worth of RFQs in the pipeline, and another $1bn in 2022, and they needed to make the important decision as to whether they pursue it all, or get selective and strategic about what they pursue - and the investment implications for either choice. Does anyone know the cost for SEE to tender for these RFQs ?
If they decide to pursue it all - and win at their historical run rate of 40% + then its a fantastic return on investment.
However he did mention that this was a BIG decision that they would be working on over the next couple of quarters, so this could be a reason for the postponed results.
Remember he also said that even if at less than the historical win rate, the RFQs that they have on the table as of August 2021 multiply the auto business by 2 / 3 times.
Shall we, why have you reduced your expectation by 2.0p? It’s quite specific..
If you want to fantasise, why not suggest 200p by 31st December 2021 ?
I think it will be somewhere between 15-20p by 31st Dec 2021....
Anyone got any new theories as to why the results were pushed back until 24th ? Nasdaq listing
or fundraising seem to be the most popular. Not long until we find out anyway!
Hopefully this week will end on a little late Friday afternoon rally to get us up to 12p…
Approx. 1m bought at 12p
Slowly but surely we head in the right direction…
Could it be that next week SEE will announce a fundraise has closed at no doubt sub-10p so that they can fully fund all the RFQ pitches that they need to do ? I do hope not.
I'd be happy with a 40p takeover now - my target price has reduced from 100p many years ago! After watching the QC presentations yesterday, there are so many areas that SEE tech could be adopted, but first and foremost, auto.
Maplinman, I agree with your sentiment. Have you thought of opening a Wall Street Bets account and starting some discussions around the DMS landscape on there ? Interesting to see that the Gaming press yesterday wrote about us...
Sadly I wonder whether the reason for no RNS is that there is just nothing to RNS. No news. Even if one RNS was published, unless there was a constant stream of positive news I fear that the SP would stagnate and then fall again. We still have a long way to go and SEE don't seem forthcoming in publishing positive PR - nor do any of the brokers that "work" with them.
I really hope that we don't receive bad news next week. I've very easy to become disillusioned by this share - especially when so many other jam tomorrow companies are valued with the jam included...
Sorry to hear about Redini, he has been a committed contributor to this board through the bad times - I hope he can witness the good times. Glad to see the donation target has nearly been met. Hopefully my small donation can in some way make a difference to this difficult time of their lives.
It’s true. Why are people not yet buying into our vision, yet they are happy to do so with yet *another* overvalued EV company with no real revenues or projections? Why not SEE?
QC delivered a great presentation today, and it was filled with numbers and values for all verticals. Why can’t SEE give us some figures like that?
Quite surprised that he didn't mention safety in auto, which is one of the main drivers of DMS adoption. Lets hope PM is in the audience with a few good questions about SEE... ;)
Is this on LinkedIn?
Today we might finally realise why results were put back to 24th, and could be followed by a sweet RNS drop tomorrow morning….