Member Info for Basscadet

Thank you so much.

Does anyone have a link to the presentation please?

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.

Yep. Lot's of hope for LIDAR, GAN power, HAMR, Micro LED, etc. I think everyone here wants to see the numbers improve as they come to fruition before there's any sort of rerate.

Agree Mikey. FInancing should be a breeze. Thanks everyone who reported back on the AGM.

@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."

"Bass, the 450 000t is a new addition." Thanks HD. That is truly good news.

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.

Recent results from chip makers (especially Nokia demostrating what a failure mm wave 5G has been) signal more pain ahead. It's a very gloomy environment out there for IQE at the moment. Only glimmer of hope I can see on the horizon is Seagate finally giving 30TB HAMR drives a big push at the start of 2024. Hopefully they're using lots of VCELS mass producing as we speak.

This market aint buying anything for any reason :-S

Nice to see it kicking on a bit today.

Strong production numbers and earnings. AISCs came down for Singida as expected. However, I'm sure the CEO said in a presentation recently that debt was down to zero in August?

News out. Very exciting. Northern strategy coming together. Relationship with government looks strong. ESG credentials will be significantly enhanced. Obviously financiing comes next but it won't 250M up front, looks like an investor is in the wings (for and SPF so not dilution to JPL) but at the moment take the company at their word and expect it to come from banks.

Hmmm, got today's date on it.

Completely relaxed about funding. Eastern Limb PGMs are commercially recoverable. With the current basket price the company has better options. This shows the strength of a multi metal approach.

Thanks SeisNav.

Where do you get your info from SeisNav? I can't find charts that show me anything other then very long term timescales for rhodium and nothing at all for chromium.

Verserien's current financial difficulties have nothing to do with the fact they once had a contract with the MOD. They are down to the lack of maturity of the graphene market as a whole.

When TGR was making big statements about the downstream graphene business (especially making lots of money in the short term from copper replacement) plenty of us stated it just wouldn't happen. Still want them to progress the downstream business but see it as a money maker in at least 5 years+ if they are careful (this sort of thing can suck up a hell of a lot of research money).

Plus the report stated that PGM costs were increased partly due to lower offset because of chrome interruption. That shouldn't repeat.