Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Havoc, I've had people shoot me down on this board for disagreeing with them saying this will be the next Google/Amazon... Not kidding.
Crazy links, which are totally unsubstantiated are made here. The LinkedIn ones/Microsoft are only today's RR, or the 16p price predictions. People say they will slice at 3p (you know, just 600%, after what it already has done) and they get slated for not being optimistic enough. Days when the price sank 10% were seen as 'good days to top up', if you have anything negative about this stock, people jump on you. Thing is, everyone knows the truth, its an interesting stock, with some promise for sure- serious investors won't look at these boards/tweets with encouragement, they don't want rocket gifs/emojis. I like this stock, there is potential, let's hope we get back to 0.8 by the end of 2020, not these crazy predictions, as it actually looks like it is a good stock and it doesn't need nonsense for it to do well.
Ok, they can theoretically monetize something already ordered before being paid for, but why monetize something that is already sold (pending payment) if you know you will take a loss on that sale. The two choices are:
1. Wait a few weeks/months and get paid 100% on delivery of goods
2. Get paid right away, lose out on 5-10% of the money you would receive from this already signed for deal as you will be paying the bank + SYME extra for the privilege
Given RR had a -5% P/E ratio last year, I doubt they'd want to make that -10% (or more) unnecessarily. The raw materials, yes, I totally agree. I think we're on the same page there Neil, but I'm talking about the rampers cherry picking 2700 engines earlier in the thread from RR's wiki, when RR will only make engines to order. I'm sure SYME can help with raw materials, I'm not against SYME, I'm just against rampers who lie, manipulate and deceive for their own personal gain. This company has enough going for it without that.
Neil,
It's not rubbish. If I order 2,700 pizzas from Dominoes, can Dominoes sell those to someone else?
Again, I said they will have stock, but this many are using this number of 2,700 already ordered engines as the magic number they can monetize. I'm sure they can monetize something, but something that is already bought cannot. It's like Barratt Homes taking out a loan on a house being built, that has already been sold to Mr and Mrs Smith, too many people talk nonsense here, links with RR are not substantiated in the first place, so nonsense on top of nonsense is not helping the share price in the slightest. There is enough good news in the last RNS...
To add to my last point, this is totally ambiguous speculation that RR are in talks with SYME, which, beyond a tweet (the same guys who circulated an article last week with erroneous and crazy information that had to be dismissed by an RNS) is just wild speculation and I would guess not true at all.
It totally depends on how long covid goes on for. I get your point about the engines being manufactured and being able to monetize them regardless of current demand. But that demand has to happen sooner or later, otherwise it's like making air conditioners in a never ending winter.
So they said they will not be using this type of funding anymore, which they have done. Announced a new contract + announced Joe Media contract will be expanded. I'd expect that we will hear an update to say that they are profitable soon, since they said they expect that just from the Joe Media contract, never mind the new one they announced last week. Good times ahead