RE: How high tomorrow? Debt free. Cash double mcap.3 Jul 2025 06:48
Mcap was £10m recently.
Now you can enter from around £1m
+No debt
+Over £3m cash, double mcap
+Costs down considerably and falling further
+Best pipeline ever - from RNS
+JV news due
+Contracts due, including Middle East, Europe and US
500-1000% not a stretch at all all things considered.
So the price can 5x from here to 0.050p and the mcap will still only be £5M.
I like your take, Arna.
"What investors need to remember is this company is completely different from before.
New management, staff trimmed, no debt, going concern of company addressed and the best contracts pipeline from previous years.
Also, MIRI is on a lot of investors radar with some influential traders tipping it, once contracts start coming in there is no legislation on how buying pressure can stop SP from running riot."
Our current pipeline is possibly the strongest we have ever seen in Europe with our first six figure deal in the region contracted and beginning production to start airing over Summer (as currently scheduled), and multiple other similar sized deals being targeted and in discussion. In Germany we already have a follow-up booking contracted with the major retailer Lidl for the Christmas season and are at varying stages of negotiation with many of Germany's largest media spenders, including returning clients, for deals across Q3 and Q4. We remain in substantive discussions in relation to the proposed services agreement with a leading Middle East-based broadcast and streaming company which we referenced in the Placing and Retail Offer announcement of 13 May 2025.
Cash at bank at the end of May was approximately £2.1m, prior to the receipt of c. £1.4m net proceeds from the placing and retail offer, £0.2m from our US Joint Venture partner and approximately £0.9m of costs relating to the restructuring exercise undertaken at that time.
Louis Wakefield, CEO of Mirriad, said: "2024 was a year of considerable challenge for Mirriad; however, with the US joint venture and associated restructuring now complete, I believe we are now well-placed to benefit from the new organisational structure in the U.S whilst being able to focus on driving growth from the European market"
We are excited for Louis' new leadership direction and strategy, and JoAnna and I look forward to supporting him to execute it. We will embrace with partners to deliver near term revenue to drive towards being cash flow positive, and also to showcase Mirriad's excellent VPP capability.
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