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at the best are quite flat. I suppose I am not surprised because of the lack of communication from kongats. Sales revenue slightly higher than last year, it should be better than this but still a positive.
Same old "Jam tomorrow" with regards to the new licences in the pipeline.
CAP-XX's immediate concern is their short term sales revenue position. This negative statement is ringing alarm bells for me, I hope I am wrong. All in all there is nothing in the interim's to show the company is developing as it historically promised it would . No matter what we think as individuals it appears the Stock Market does not like this latest update.
It looks to me that cpx has been advised to update their shareholders that Pat Elliot a non executive chairman of cpx was a director of a company that went bust in 1998. Also another company called Telminex NL, where he was a director also went bust in 2004. He doesn't sound like a guy that I would want as a non executive chairman of my company. His history is one of a dead wood type of guy.
I agree, kongats has hyped up the future contracts/licences etc over the last 2 years or so. His ambitions have so far not materialised and the company has been very quite regarding updates over the last six months. I believe if the company had good news they would be gagging to advertise this. Not long before interim's are out and I too am hoping rather than expecting good news.
does not own the company the share holders do. I think if someone owns 10% of a company they can put in an offer to buy that company. Kongats can use his shares to vote yes or no, but he is only one of a number of share owners. He has not got the power to unilaterally dismiss the offer , it must be put to a vote of share-holders. A sign of some-one interested in a take over wold be them quietly buying shares in the back ground until they reach the % to put in an offer.
The company has developed a good product but the licences/sales are slow materialising as one year goes into the next but this may speed up in the coming months. It is only a small company financially speaking and I thought it would be ripe for a takeover bid. I suppose it depends on how air tight their patents are and whether,in this fast growing market other companies are/have developed new technology that will make cpx technology yesterdays news. A good product will sell itself and Kongats has had enough time now to put the company on the map. Hopefully the cards are now all stacked in our favour and 2019 will be a god year for the company.
thanks for info. I am disappointed with the lack of progress regarding kongats promised new licences etc throughout this year. This company know needs to start making a profit instead of surviving year after year by raising money with share subscriptions. For me I am now frustrated that the many positive words from kongats has not materialised into actions. Lets hope the next results show a marked improvement in the companies fortunes.
Hope you all had a good xmas. Could someone update me on the progress regarding the machinery bought by Kongats earlier in the year for over £million. I thought he was moving it to another country/area in readiness for the expected increase in sales /production. Wasn't this supposed to be up and running a few months ago.