Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Would they be the same chartist that said 0.7 within 2 weeks, 3 weeks ago?
Isn't that 3 attacks on 0.3 in the last hour. Maybe a little more push and we should go past the resistance surely. Anyone know where the next resistance is? 0.35 ?
Where have all the chartists gone from the last couple of weeks showing we would only go up and up a lot?
Are the charts still showing this or is this going to be a pull back to stay at low levels again?
Why the sudden boom just now? Fingers crossed
@andip - I think the same re the SP having the "bad news" already priced in. The no contracts (nothing changed), the capacity (nothing changed), Voltz (nothing hanged), hence why I mentioned the price sensitive comment in the RNS is a little concerning, although plenty of other avenues to be sold into though. Expected it to fall but not by so much. Would expect to see it settle a little down today though but then agree with you that the next couple of weeks are critical now with regards to sorting the software, new sellers onboard, etc but yes as you say very interesting to understand the other areas identified for the Nano.
Good luck and good to meet you. Fingers crossed and GLA
@andip - and I too apologise for the frustrated response back. May have sounded OTT as well.
I think we are very passionate at expressing our views. Perhaps too passionate. lol
Really want this to work and kick on and I think the hype from November, added to Legge suggesting we would be kept more informed, has been building and therefore everyone was expecting the miracle RNS but got faced with this instead.
There are a lot of people saying its great and a few saying its the worst. I personally think its kind of balanced but opens some more frustrated questions which would be good to know more about. Purely frustration.
I agree with your point about Voltz stockpiling by the way. I was incorrectly trying to express that quantity should not be a problem for RMS due to the Voltz relationship but the RNS states volume is/was a contraint.
Moving on a sec. Serious question. Do you think the voltz relationship, machine not at full capacity, were all priced in prior to this morning? Just wondering if this much of a drop was necessary as my view was that this was already in and therefore shouldn't have shifted the price that much?
@andip - The part of the RNS stating they would not be focusing on price sensitive sectors..... govt sectors perhaps?
Just a theory. Didn't realise that your not allowed to post any thoughts on here that may possibly be a little negative. Positive posts only else you get told to leave. Thought it was ok to debate or god forbid even chat around theories and ideas.
Its a half decent profit but it was an investment that I wanted to see continue, but your right, perhaps its time I moved on to something better and I'm not so frustrated or passionate to see successful. Thank you
I'm not suggesting there is a blame as such. I'm just confused and frustrated as to how you can buy a machine for a specialist job, import it, then spend 4 months to get it doing what you bought it for. Parts missing, engineers with covid, mechanical issues, and now software issues. Surely the software issues would have been picked up pretty much the same time as the mechanical and how long does a software issue take to solve?
I agree, its not all this boards fault, but when in November there were comments suggesting a bigger boat, you have to say that the main problem is all the hype making people impatient. Without the hype, this is moving well and in the right direction.
Unfortunately totally agree with that. Been here for well over a year now and each RNS update brings more and more delays.
I appreciate its not a quick set up nor something easy to bring to market, however, 4 months with the machine sitting in situ and it still isn't working the way they bought it. They are even admitting they will not be tendering for any NHS "price sensitive" contracts, or basically no large contracts. Plus the relationship with Voltz is clearly not as strong as we all hoped otherwise they would be stockpiling these ready for a large contract.
However.... I will be holding but if nothing by the end of the month I'm out, a loss or profit, I'm very disappointed as i'm sure many others on here are as well.
Bigger boat...... to take the machine back and buy one that works perhaps?
Agree re reading the RNS there are some big positives.
The one thing that would concern me though is the idea they raised money last year and for what reason? Clearly none as they are only now having a "strategic review" to see where to apply it? Surely you raise funds knowing where you require it to maximise the business? Otherwise you're raising funds for no reason?
Good point. Apologies. :)
Very good point, but I’m guessing that they might have wanted to wait till RMS proved printing this end and certs cleared first.
However, agree re why whilst waiting on that RNS weren’t they talking to Voltz so they could end the RNS with, ... don’t worry, Voltz are taking up the slack till production is at full speed.
In terms of paying them, you would hope the deal isn’t shares but a percentage of sales?
Incentive on them to sell from their end too?
One thing I don’t get.
We’re now producing a world beating, covid killing, mask. Which is great!
5ply on hold (despite the original delay on commissioning for waiting for the parts to make the machine 5ply ready??? But that’s another story). It’s only on hold.
So, why haven’t we asked Voltz to now produce 5-10m a month 4ply to fill any orders (if any) as of immediately?
Yes our machine is down on production. How much? But the will ramp up, so that’s fine, but if we have all these “need a bigger boat” orders, then fill them with Voltz?
Just a thought. I’m still intending to hold but very frustrated.
Exactly. Plus the lies that have been behind all that too.
What happened to the 5ply cert? Was supposed to clear that by now but now told on hold? So did they pull it from cert, failed cert, or was never in for cert?
Too many unclosed loops.
Stinks
5ply on hold. But what happens to mid feb for 5ply to gain cert? So they clearly haven’t passed or were never in for cert. therefore 5ply currently have no value and pretty much don’t exist.
Machine was delayed being built due to parts needed to run the 5ply. Again, why did we wait if they were going to be put on hold?
November (3 months ago) we were going into production, only now we’re being told production will be low, very low!
No value in the company. Therefore everyone is bailing out.
That’s what you’ve missed. Sorry
The cert for 5 ply is not due till ... quote "early feb". The ad that has been copied and posted has had that on the site since Oct/Nov time. This is an example ad in anticipation of the cert.
Its all in the RNS's
Read the RNS!!!
4ply next week. 5ply early feb!!!
We are on schedule and looking good. No need to over exaggerate. Read the RNS
Do people not read RNS’s?
4ply will be next week! 5ply will be “early feb”.
Read the RNS. We are on schedule and looking good but stick to the facts we’ve been told please.
Good point re thinner layer. Which is obvious but didn't think of that. lol
Agree re 4 ply leaving a spindle empty etc, or at least an easy fix, but feel its important to get the 5 layer fixed though. Thats what all the marketing etc has been based on, so would be the best case scenario to get that. Which, as we (sensible investors), think, should be in RMS back up plans anyway. Could easily be another RNS by the end of the week saying now all passed from what you've said. Then machine arriving 28th, which even if delayed would still mean they have hit the timescales suggested ready for mis January to start the first run. All in all, yes some bad news, but kept us informed which we have all been requesting, but some positives still in that RNS as well. Just gotta hold and wait for Jan.
@abrooking. Thanks, that's very informative. Appreciate that.
So the only concern would be if they have to change one of the layers that would fall outside the range as you mention. However, the likelyhood of that is extremely minimal. Therefore the machine should be fine with the changes, once they have been made. Fingers crossed they have some back up ideas around this or already thought of options as a plan B.
Still got at least two weeks to get it sorted to stay within the timescales they set out on the last RNS so no real change to the timescale if they can test that quick. Fingers crossed.