We would love to hear your thoughts about our site and services, please take our survey here.
Can't see how copper grades are lower than expected. That one is a mistake / lie.
From the last RNA, "Post commercialisation, expected in May 2023, the Southern Copper Refining project, projected to maintain 550 tonnes of copper per month from Roan alone and 130 tonnes from third party supplies"
Epected grade from the company presentation, "500 to 800 tons of copper per month to Sable
(depending on feed grade)"
Falls within range and no doubt the outlook is set conservatively.
Right you are SAGACITYRULES, I should have read down to page 53 despite the headline at the top being profit! lol
It looks like it's been caused by tax which is odd. Would we expect to have that rebated at some point?
Actually this is really good news. I think it shows that competitors have fallen behind IQE in terms of the technology. Otherwise Apple would be looking for dual supply. Apple are struggling (relatively speaking). iPhone sales are low and their suppliers no doubt are the ones that have a lot if inventory to work through so I'm not surprsied there's no immediate boost to IQEs SP. However, unless you believe people have completely fallen out of love with Apple and aren't just foregoing an upgrade cycle this is very real jam tomorrow and it should be a good big dollop of it.
Very interesting find. Especially the comments around cost. Looks like 36 months to become a mass market product and that's dependent on graphene coming down to below £100/kg. Overall great for VRS but hope they can maintain a healthy margin through the expected price drop.
Every now and again someone says, "Why can't IQE be like Arm and just charge a license fee. They would make much more profit without having the hardware costs." Well, it seems there's more in common between Aem's business model and IQE's in so far as Arm doesn't think it makes enough money either.
The below article outlines plans Arm is formulating to make more money out of their technology by asking their licensees to not sell product to OEMs that don't also have an agreement with Arm. If successfull could IQE look to do something similar?
https://arstechnica.com/gadgets/2023/03/risc-y-business-arm-wants-to-charge-dramatically-more-for-chip-licenses/
I actually sat through this for 12 minutes. Setting aside that it's just as flawed and misguided as I thought it would be albeit with one or two good points made it doesn't address the cost of not getting to net zero or in fact net negative which is where we need to be.
I confess to not having been here as long as most and so don't completely share the lack of trust in management. Putting out signals that the power and water situation weren't affecting JLP while they were and then claiming that the resultant figures were in line with expectations anyway was certainly not good! So, I've started down that road.
However, it's difficult to find a stock globally that hasn't tanked over the last week. China's 5% target growth rate combined with resource stockpiling and Powel's hawkish commentary was horrible for resource stocks.
I'm pretty sure there's plenty of capacity to get back to profit with current tools Gotrader. Especially now that they can produce larger wafers. IQE was just about profitable before that and costs should be reducing short to medium term due to the restructuring.
https://www.t3.com/news/face-id-wont-be-hiding-under-your-iphone-screen-any-time-soon-says-expert