Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
27thJuly. Nice little write up on page 25. Key points: negligible debt; solid growing profit performance during last 5 years; well managed working capital; big players need to spend to keep up, which benefits spt; gross margin over 70%.
BOD feet up and relaxed on a yaught in the med, soaking up the sun. Just cranking up the laptop for the 'remote' meeting. Oops no WiFi, what a shame, technical issues. Oops one of the licenses has blown off deck, oh well it was worthless anyway. Keep buying, shares very low, almost at rock bottom give away price.
The BOD are stuck there, that's why they are having a remote AGM. Plus no pesky shareholders to interfere with closed door decisions. No sandwiches and booze to pay for ...cash is tight. 2.75p keep buying or get a spade and dig up those estimated £bn of minerals yourself. Limited buyers though, maybe Belarus or China but their economy has hit the skids. Licenses all around, but potential buyers sensibly keeping their cash in pockets, as the Russian economy continues to decline.
I'm definitely up for buying more shares at 2.5p or less to raise capital until they can sell their gear 'shortly'. That should take Eua up to at least 3bn shares in issue, diluting the value of the business well below it's £83m value at the moment. Keep buying.
RNS just released providing a very positive trading update. Excellent work Spirent.
Weds 2nd Aug half year results.
Except for the £7m loss this year. Over £3m loss last year. Accumulated loss over £35m. Buyer beware. As for all the estimated assets in the ground, they need to be mined out at significant cost to the buyer. No wonder the assets aren't been purchased, alongside of course the ongoing political and economic uncertainty in Russia.