Firering Strategic Minerals: From explorer to producer. Watch the video here.
Disappointed to see actual news, research and insights drowned out by posts about mud-slinging. Do we have to start a new thread each time to say the same thing over and over?
Anyway, post your questions here for the Q&A with AZ if real information is of interest to you.
And here’s the very optimistic overview, putting the recent rise into context, from Zak Mir
https://zakmir.com/demand-for-supplyme-continues/
https://twitter.com/Share_Talk/status/1300454663293108225?s=20
This will be good...
Interesting that AZ was tweeting an old article about China's finance sector doing a knowledge transfer on fintech with Middle East. It's doubly interesting when you read that China is overhauling it's Asset management financing rules.
https://www.marketwatch.com/story/china-delays-new-asset-management-rules-2020-08-02
It's triply interesting when that's combined with the RNS about the MOU with Middle-East based iMass .
Thoughts? (reading too much into it perhaps?)
Nothing specifically on Tuesday, but over September we are expecting:
• Confirmation of completion of Safeharbour's securities placements
• Confirmation of UK Clients and possibly 'major' bank interest
• Confirmation of details of US progress
• Italy update
Gonna be a good month for those that DON'T SELL
Companies can get a portion of the value of stock that is in warehouses but not sold yet. Invoice financing already exists but that relies on a sale being made. That doesn't suit every business (like seasonal businesses for example). Things like Brexit and Covid mean that companies have more stock than they normally would and this gives them a way to fund more production or invest for growth if they are taking longer than normal selling their goods. Thats a ridiculously over-simplified way of explaining it, but its short and sweet.
There's been some turmoil recently in their Aberdeen business, with the MD being ousted and personnel shuffled around. Good to see it's not affected confidence in the share.
@weathergeek - i think the contracts HAVE to allow for data collection, in that the inventory 'belongs' to SYME. They have to know where it is for the system to work. In this day and age of data drive decision-making having a reliable global overview of trade patterns is something that banks etc already pay huge sums for but without much accuracy.
In the long term it should see 10p, but I am talking months. They have struggled to secure clients beyond their own existing network and there is a limited window of opportunity for them to capitalise, before someone else does. I'm out a couple of weeks ago, but fully intend to get back in if I hear good news at the AGM at end of September. Suspect SP will stagnate a bit for next 2 or 3 weeks though. It took them 8 weeks to put out 1 RNS saying they had 1 client (who was already their partner). I know its negative but i still think this share has potential if some people can stop using it as their personal football.
Firstly I don't think AZ will entertain any offers in the next 12-18months, but I was thinking about how people are valuing SYME.
There are 2 very attractive things beyond simply the turnover. Aside from the customers, IP and the structure (i.e. 'the business') One attractive element is the cashflow. On a monthly basis the company will have a relatively predictable and sizeable stream of cash coming in. This is hugely valuable to banks. The second hidden but possibly more valuable aspect is the data that SYME will be generating. With a large customer base across a number of sectors, they will have a detailed understanding of trade patterns across the world - what's moving, what isn't. That kind of info is gold dust.
I think this means that the value of the company is much higher than simply basing it on what it's turnover will be.
Your thoughts?
Am sorry I was right. Feel bad for decent shareholders and the company itself. At least we know who the pumpers are. Unless they are busy deleting all their twitter posts - 'Zak Mir 16p' 'US TV' 'RNS due' etc.