It's ugly but nothing not in recent guidance so who knows how the market will price it short term. It reads to me like there will be a return profitability in H2 and that there's no need for fund raising. Longer term we have to hope the yanks dump Trump.
RE: Bounce coming due to Shore Cap comments07 Aug 2019 07:36
As long as the mine gets built I'm sure anyone here now will make money if they do nothing. The question is will it? I used to think it was a no brainer but it's a real question now. I can't see any way the market will improve during the quarter. Trump has painted himself into such a corner his only option is to smash everything to pieces in a futile attempt to shake things up and he's likely to do it. Here, we have a government hell bent on a suicidal idealogical project that is only going to make the business climate worse in the run up to Oct 31.
Unfortunately the company has not articulated any plan B.
"any other potential new customers with whom the Group is in early stage discussions." ... and ... "the plant remains at our disposal and fully capable of producing high quality nanomaterials for use in a number of electronics applications."
There are some conversations ongoing at least and the plant is not highly tailored to producing a single product for a single customer.
Up until now VCSEL production has been heavily weighted for one customer - Apple. Now we have diversity and are starting to penetrate the much larger Android market. There's definitely significance to the RNA.