Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Get ready guys as we were promised news in 2 months which, by my reckoning, takes us to the end of June
We were told a couple of months at the investor show. So, yes, by now a JUNE first order.
Today, on 'share prophets' they say, 'Our stance is to buy at up to 17p with a target of 28p to sell. This may be the last chance to get on board.'
China's working age population is starting to decline, which could have dire consequences for the second largest economy in the world, and that's what my penultimate sentence alluded to. The one child policy added to it. China is extremely high tech and they love gadgets, so Concepta's product should be eagerly accepted. Chinese government have stipulated that every plant must be networked into the digital age from analogue, due to the dwindling population. Workers replaced by robots! So CPT has the solution.
Massive Chinese order being negotiated? Look the following is mostly unreported by the western media: China is leading the world in technology, they even have a super computer 5 times faster than the USA, and Americans will take 3-5 years to catch up. Chinese digital payments market is 50 times larger and 5 years ahead of USA. Shanghai cash payments are now rare, as all payments are digital on your phone. 700 million internet users (90% on mobile) Robotic world leader, also in satellite and nano tech sequencing, Beijing, Shanghai property dearer than New York, Take a 3 hour drive in either direction from Shanghai and you pass a radius of 50 million people. GDP 7% They built 100,000 apartments, 4 hospitals, and 50 schools, all in 6MONTHS in a newly designated area down town. Shrinking labour force even though wages have tripled in 3 years and vacancies still can't be filled. Well, Concepta has the solution. So just imagine, by now, how big Concepta's order will be, or, will they buy our company?
It has been a long wait which augers well, as this obviously points to a rather large centralised order with quantity discounts being negotiated. As the Chinese would whisper, 'Very Auspicious.'
Cash reserves were in order of £3m in January so all is well. Concepta's clinical results were positive, but the Chinese are subsequently conducting their own, and their results are due now. Prepaid orders, hopefully this month.
Spindok. Not so. Spoke to CPT at last weekend's Investor Show. All now up and running. Delay occasioned by having to retool the plastic monitorIng strip for the Chinese. One of their clinics are conducting their own test to verify Concepta's claims. Once confirmed, by even only one clinic, then the rest of the country will signal prepaid orders. By now it is imminent. EXCITING !!!
Spindok. Not so. Spoke to CPTs very confident management at the conference. All up and running. Retooled the plastic monitor for the Chinese. They subsequently needed to run their own tests to confirm CPTs claims. All going well. Only one, single, Chinese clinic needs to give the all clear then prepaid orders are placed throughout the country. By now, imminent. EXCITING !!!
Reynolds said there are no hospital testing delays and revenues expected mid to late March
Well, Reynolds promised first revenues by mid March, as Doncaster's 8 personnel are up and running. By now, the RNS is indeed imminent.
Gosh, now 18.5 to buy
A reminder. Broker view of potential markets: UK and Europe £350m, China £250m, and total global $2 billion. Beaufort's target sp 26p. First shipments could be early March
Reynolds stated in mid Dec to Winnifrith that there were no delays and that all was in order with the hospital tests. He emphasised that in China they have very advanced medical care and there are, indeed, lots of hospitals.
Going live: First product sales with upfront payment with orders should be early February. Lots of hospitals with positive feedback. £3m in bank. By now we are set to go.
The delay is obviously for a reason. Chinese are spending half a trillion $ buying up good companies in the West which augers well with their 5 year plan; they certainly know about Concepta..............
The trials were finalised at the end of September. One can now conclude that if there were small orders then they would have been placed by now. The fact that weeks have drifted by suggests that rather larger orders are being negotiated (quantity discounts etc). All rather encouraging.
and no similar competition.