Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Hopefully the high street chain is Boots.
https://travelweekly.co.uk/news/air/easyjet-collaborates-with-boots-for-covid-tests
Where are you hearing this? They've got plenty of work to do to with their existing brands. Don't want anything else to distract their focus.
It is. The way I see it simulators are the fleet of the aviation market. We get in there and prove the concept as well as gathering data. If successful we push to go into actual aircraft, perhaps by certain carriers, such as Emirates, demanding it or via legislation.
It's certainly a long way behind automotive, but I can see it becoming very substantial in its own right.
I think we could be massively underestimating the potential on this side of the business albeit it is further down the line than auto.
Boeing has around the same market cap as GM and Ford combined. Then you have Airbus which is about the same size and Lockheed Martin for military aircraft.
The simulator market is worth $6billion a year and the air traffic control market $10 billion.
These are massive markets and I think we're well positioned.
People tan to make them feel good. To make them look good on photos and video calls. All signs so far suggest there is still a strong market for Skinny tan. Search for #skinnytan on Instagram and you'll see plenty of people posting about still tanning despite the lockdown. Go to Facebook and you'll see that their latest video has 161,000 views in less than a week. Recent Facebook posts are getting 250 comments. There's definitely activity there.
No need for a dividend for me. Let's grow the business first. Plenty of growth opportunities out there.
£200k of the marketing spend was for Nuthing so no sales attached yet.
£500k of cash flowing out for Nuthing. Without that we'd be at £0.9million of cash. The broker expects cash to be £2.2 million at year end.
Just went into a small store as well. They didn't stock skinny tan last year.
This year they've got one bay (6 shelves for tanning). SkinnyTan, St tropez, Bondi sands, and Isle of paradise all had a shelf each. I think the last two shelves were smaller and own brands.