Member Info for Ctw2014

...with today's Share talk podcast - loads to come here.

Gilbert and co have lots of skin in the game here. From memory, non exec directors are taking all their fees in shares and the executive directors 50% of their remuneration in shares.

I understand where your coming from Perkylad, and I agree credibility has been damaged. Of course there is a risk in topping up but obviously I wouldn't be doing it if I thought this was not going to come good. I do believe the factory will be up and running in July. Despite the history of delays, why wouldn't it be? All the kit is there and is just being fine tuned. They will switch from processing in Italy as soon as they can because it makes total sense to do so. They have the funding in place and all the hard work had been done. Now it's time to start generating the revenues and I am confident that is going to happen. I respect your decision to wait, but I do not want to miss the bounce when it arrives. This is an illiquid stock at the moment. All it needs is s decent flurry of buys and it could move up pretty quickly. Buys will start coming in as soon as people can see some decent revenue. The half year results at the end of the month will give the first clue, but the second half will be better. What did old Buffet say? 'Buy when others are fearful'. Good luck.

Couldn't resist at this price averaging down.

Personally, I don't think the delay with the polishing line is so much mis management, as cash flow management, quite possibly to avoid dilution through another placing. Going back, they can hardly be blamed for the fire which was a major setback. Given the slow conversion of orders into actual cash sales, money has clearly been tight. They have even made payments to a contractor in marble blocks! Why would they resort to a placing just to get the factory finished when they can use in the meantime the existing finishing facilities in Italy, and when they could see that money would be coming in just down the line? As I mentioned in my previous post, they have just put in place a 1.2m euro debt facility to meet short term working capital requirements. What that says to me is that they have been able to show a pretty predictable cash flow to support that facility. That's why I think we will see the first evidence of that in the fist half year trading update. It's also why I am confident that the polishing line will actually be up and running in July, and why revenues should rapidly pick up from there. The marble is good quality. There is lots of it. The margins are great. As things have turned out, as a long term holder, I bought in too early, but at this price it's a bargain in my view but each to their own and dyor and all that.

Hopefully we will get a trading update at the end of the month. I don't expect that to be wonderful, but I do expect it to show significant progress.

Great news and just what we need!

Fingers crossed. Nice to know there is at least one other person in here!

Those two delayed trades of £40k look like buys to me, as indeed do most of today's trades. Fingers crossed, again!

Dibs - if you have zero interest in investing here why comment? There is a guy called vxrandall who had been ****ging off GEO for months as he had a grudge against the company as he lost money with them before. Just bitter and twisted. Now it has more than doubled and he has gone quiet. With low liquidity stocks like these negative comment can influence the sp. Out of respect for existing holders I do not seek to discredit shares when I am not invested, but each to their own. Just made the point that rational investors would not trash their own investments. You have made it clear that you are not invested and if you are not looking for a lower entry fine, but why not leave discussion to those that are invested or thinking about it? Notmuchinsales - not blaming anyone just trying to restore some balance. I am actually quite confident of making money with my investment here. I have done enough research here to satisfy myself of that, but I am not pretending that the delays haven't been frustrating, because clearly they have. My own view though is that the rewards for patience are just around the corner. Like you I wish all Investors and potential investors here well. I also wish dibs luck with his investments elsewhere!

Flush out the sell on news guys and get the election out of the way and this should build on anticipation of commercialisation.

What you say about the polishing line is certainly true, but I reckon H1 sales will still look pretty good compared to what's gone before. Agreed that the better sales/revenue figures will be in H2 though. However, this will move quickly imo on the first sniff of decent revenues coming in.

Is fabulous news, and with money in the bank to get us there too. How many companies at this stage can you say that about!?

If there is any justice in the world I would have thought so. It's a pretty comprehensive and upbeat update and should see some recovery from the drop on the FDP feedback. Couldn't have picked a worse day to issue it though!

To be honest I would rather be like you looking in for a buy in price than holding at a loss as I am at the moment, but I agree it could go up quickly. I think it is a matter of watching the trades on a daily basis waiting for those large round number sells (like today's 50k one) to stop. It has happened a couple of times and the share price has started to recover quite quickly but they have turned out to be false dawns with the seller starting again within a day or so. One day it will stop permanently and this will climb strongly on the fundamentals. It is clearly oversold imo.

Whilst some frustration about the rate of progress is understandable, one must question the degree of negativity from some posters on here who clearly want to achieve a lower entry price. Either that or they are simply trolls. No rational investor would talk down their own investment to the degree some do on here. If you read the annual report there is much to be optimistic about : I don't feel that another fund raise is planned in the short term because: a) they had net cash of E0.68m as at 26/5/17 and on 2/6/17 took out a loan facility of E1.2m @9% "to address any short term working capital requirements; and b) on 5/6/17 they agreed an option with Amati to extend the loan note due on 31st August for a year to Aug 2018. Sales may have been slow coming through, but they are now happening: a) further shipments have been made this year under the February Feb 2017 deal in India for $1.8m of marble pa b) shipments have also been made under the E400k deal in Turkey c) they have signed an agreement with Marble Dino in the Balkans for E1.5m worth of marble slabs and tiles pa d) the E4.4m order book "is expected to be realised in the 2017 financial year". Current market cap of £17.2m compares ok with group net assets of E19.4m The photos demonstrate that whilst the factory has been slow to come on stream it is a high quality installation well capable of delivering a large quantity of a wide range of quality marble in finished form. Average selling price E574 per tonne - look at the quantity of marble available and do the maths. There is serious revenue/profit potential here and I am prepared to wait to see it delivered! Good luck to all serious investors and potential investors looking in here. DYOR and don't let others talk you out of a good investment if you see the potential!

.... is back with a vengeance today sadly. Imo that is the only thing holding this back.

Well I wish I had that much cash to buy on a whim. Still it's paying off so far.

... the tiny trades we are seeing today? Surely not sensible for PI's to trade in such small amounts given dealing fees. Some sort of trading algorithm operated by MM's?

Go to the Atlantis twitter page for a link to an Investors Champion article on 26.5.17 - great summary of what this company is all about. Good prospects here in my view.