The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'm not going to defend this as it feels duplicitous given recent communications. However, £10m in extra shares to bring in multiple billions seems like a no brainer.
On whether JLP should have the money in the bank. Given project costs are $50m, they are securing resources for the rest of the year and can't get the money back until the SPV is set up they could be spending a lot more than the £10m now to make sure the project timetable be locked in.
Everything moving very quickly now. £50M total project cost and then under $4k pt production are excellent numbers! IRH to provide all funding. No placing needed for this so I guess BT's line of attack will switch to what the profit split will be.
It's not a straight competition Alessandro. Compound semicnoductors enable new use cases that require long product development lifecycles and have uncertainty over which will and which won't become popular. IQE has a broad range of products and a wide technology moat and so I'm confident over time it will be successful. Lack of profitability over the last few years can be put down to a large investment in capacity and two major technogies that didn't gain traction - laser array based depth sensing in Android phones and mm wave 5G. They either need to take off now or be replaced by other income streams.
@Sumoskier, chrome margins were addressed in the RNA, "The average chrome revenue per tonne of US$85 (Q4 FY2023: US$86 per tonne) is influenced by the percentage of fixed chrome margin tonnages processed. The increased margins from the new partnership agreements are expected to reflect stronger through the current quarter."
The market's not rewarding anything at the moment. There's no need to create more shares so the company should just continue to grow production and reap the rewards when sentiment turns.
I don't think that was new news though HD. The exapnsion takes capacity to 1.7MT which, since being installed this year, comports with the 1.45MT guidance.
I was particulalry happy to learn the cost of a copper module. $6.5M for 7,000T per annum sounds like great business.
Hope you're right joseywales. Being at the start of the supply chain IQE earnings should pick up ahead of the next upturn. Some positivity from Samsung today calling the bottom of the downturn in chips.