Member Info for chique

NicetoMichu

Yes , it's not an easy share to get your head around as you have three currencies being discussed at times and the BRL exchange rate is then reflected in the AUD accounts.

I think also the resale centres had some effect on the revenue per ton in the AUD yearly report as the exchange rate for 2020 does not explain the difference when you use the 200 REAL as the sale price in brazil.

Genuine question - How serious could this issue be?

Based on current trends, management estimates that wellhead flowing pressure in the Lancaster reservoir may reach the bubble point by the end of Q1 2022, consistent with the time range estimation previously announced on 25 May 2021. Whilst this has been factored into the guidance for the Period, there will remain a degree of uncertainty regarding the full impact of this, along with the risk that gas liberated from the reservoir could be produced which could result in production either being reduced or ceased altogether.

SS17 - how long have you been invested in Midatech?

Test result accuracy: To be confirmed.

Spread is 19 -20 but can buy for 19.2p

I added 30,000 but showing as a sell

On 17 June 2021, the Company announced that, using its Q-Sphera technology, it had successfully encapsulated a proprietary Janssen experimental large molecule medicine and importantly preserved its functional integrity.
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Cannot find reference to janssen in 17th June RNS

Kamakiriad

What happens to these bonds upon expiry - what is the financial impact?

Kamakiriad

He says the bonds cannot be paid before maturity

What now happens with bonds left

Sharegar forget that question about salespersons

Sharegar

It's OK , what was throwing me was the AUD price being affected by the REAL currency swings

They have 8 sales staff , is this what they refer to as consultantsin the accounts do you know?

Thanks for that clarification makes a big difference

T1995

Where did you get the 50 AUD from?

The yearly report shows revenue 1,952,159 for 54,155 tons which is 36.05 per ton AUD

Sharegar

I am keen to know if I have something wrong here

from the yearly report I have a sale price of 36.05 AUD per ton and a cost price of 13.12 AUD per ton giving a profit of 22.93 AUD per ton

With a 20% uplift in sales price this rises to 43.26 AUD per ton and profit of 30.14 AUD per ton

can I ask how you are arriving at your profit figure?

Just to be balanced for the sake of trading4good :-)

400k tons with a 20% uplift in price might give a GP of 12,000,00 AUD and a net of approx 9million AUD

ps

as the report is in AUD I am only using AUD here

trading4good

This is a debate about the figures and you can challenge with fact or talk about motives , but all I am doing is to put the actual figures from the accounts and trying to get some idea as to what profits to expect.

I have not used a 20% increase in sales because I did not see that in an RNS ?

T1995

using your 20% uplift in sales price I get
Gross Profit 4,521,000
profit after base costs 1,580,000.00

Do you agree with that approximation T1995?

Unless costs are reduced more this puts the true breakeven ( not including depreciation , impairments , foreign exchange ) at approx 130k tons - unless I am missing something!!

Have reduced general expenses and consultants by app 600k