Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Morning A_H, you're right: new investors are getting an absolute bargain at these prices. There is a startling disconnect between it's mcap and the $8.7m H1 revenue and $10m held in cash, compared to other AIM stocks. EAI's combined tech has staggering potential and a good read through the company website will illustrate why Tagasaurius claim to "do for video what Google did for HTML pages"
https://www.entertainmentai.co.uk/
You bought into a cash shell promising a blockchain RTO at the height of the crypto boom. When the price of BTC collapsed in 2018 many blockchain / crypto stocks lost 90%+ and never recovered. Only you know the answer to why you didn't sell up or average down.
" If they really wanted EAI shares they could have waited for them to list " - can I borrow your crystal ball for the next time I do the lottery numbers! BLOC was a cash shell, and there was no knowledge of EAI until the stock went into suspension.
Had I also the gift of clairvoyance, I would have stayed on the sidelines too - if only to avoid your "are we there yet", "it's not fair!" posts for the past year and a half.
AIM's where the magic happens A_H ! BIDS took less than 6 months to go from 4p to 40p
I mailed LSE about it this morning, and they replied by saying they're dependent upon the info provided by their supplier. Cest la vie... this will catch on soon enough
@share12345 you missed: "£8.6 million raised from strategic partners and UK first-tier institutions" :)
At current rates that equals $10m+ in cash. Nice round number to "accelerate the growth of the EAI Group"
I've no doubt this will come good eventually and there are some very encouraging aspects of today's rns. However revenue is disheartening when you consider that EAI which listed this morning with half the market cap of BIDS posted advertising revenue of $8.7m in 1H19 alone.
Incorrectly reflected by LSE, as list price set at 47.5p Hardly anyone knows about this yet, but with 88% growth in advertising revenue to $8.7m in H1 2019 alone and an MCAP half that of BIDS I'm sure it will gain traction once word spreads...
Have a look at the LinkedIn profile of Tagasaurius: https://www.linkedin.com/company/tagasauris
"We've spent 5 years developing this core technology with corporate customers including Disney, AOL and ABC."
Not a bad client list!
London‘s first AI listing and on course for nearly $20 million advertising revenue this year. Roughly $10m cash available for accelerated growth. BIDS currently valued at £73m based on anticipated revenue of £300k according to January rns. Market cap touched £100m earlier this year
You honestly think so will remain at 3.75 equivalent upon relisting?
Hi Pauldark – I think prior management claims of multi-bagging potential, certainly from these levels, may not be entirely unrealistic. I’m unaware of any other pure-play AI stocks currently listed on the AIM or main market, so the newly listed company will seemingly enjoy a first mover advantage in a **** hot sector. Something I’m reluctant to underestimate, having been invested in REM when they JV’d with Bacanora on their globally INsignificant Mexican lithium deposit in 2013.
Management’s track record was less than illustrious (Lenigas had his detractors even then), and there were 2 Billion+ shares in circulation, but NO other stock in the UK offered such direct exposure to the burgeoning EV-inspired Lithium exploration business at the time. The sp still spent the summer languishing around 0.04p, until the apparent catalysts of a brief mention in the Financial Mail and momentum-trader social media commentary propelled the stock to an intra-day high of 2.4p within a couple of weeks. Naturally I sold out far too soon, but have never made a larger percentage profit, either before or since.
As EarlGrey mentions below, very little is known about this company yet, and obviously so much will depend upon company financing & share structure, but the present appetite for AI suggests that it’s re-listing will not be without media attention. Any hint of subsequent collaboration with an entertainment industry major stands a good chance of capturing the market zeitgeist.
RS & JH have made $100m companies out of micro-caps before and Ann Greeberg co-founded Gracenote which was acquired by Nielson for $560m. Like everyone here I’d be happy just to see this one get over the line and listed, considering anything else as a bonus… but it would be unwise to write off the new company’s chances before it’s even begun to trade!
https://www.cbinsights.com/research/billion-dollar-artificial-intelligence-exits/
I reckon news within the next two weeks - specifically between Sept 3 & 5th. The reason? I wait all year and this would be the least convenient time possible :)
Looks like REE restrictions are about to begin:
https://uk.reuters.com/article/us-china-pollution/chinas-minmetals-says-to-close-rare-earth-unit-after-pollution-violations-idUKKCN1V505K
Note: "The WTO allows countries to restrict exports and production on environmental grounds."
As if China gives a fk about pollution! This is a thinly veiled opening salvo in retaliation for US imposed tariffs. Expect more to follow as trade war escalates...
US involvement in Greenland, despite Trump's penchant for the absurd is not beyond the realms of possibility. The trade war with China has led to fears of retaliation through the restriction of Rare Earth supply, and should this happen America will rapidly need to acquire an alternative source. Mineral rich Greenland in reasonably close proximity, political stable and must therefore appear as a viable and attractive location. Does Cadence still hold their licences next to Greenland Minerals monster Kvanefjeld resource? I see another AIM listed REE stock on the leaderboard today - perhaps Trump's tweets will be the catalyst for a rebound in the price of KDNC too...
https://www.theguardian.com/us-news/2019/aug/15/donald-trump-greenland-purchase-denmark
Given that Greenland has been described as the "Saudi Arabia of Rare Earths", this outlandish claim has some credibility and suggests the US is taking China's threats seriously.
A formal commitment by China to restricting the supply of Rare Earths will see this share price explode. Could happen any day...
https://www.telegraph.co.uk/technology/2019/08/09/netflix-eyes-interactive-shows-kids-gears-disney-fight/
Not difficult to see how EntertainmentAI could play a pivotal role in the future development of this trend...
Ann Greenberg (LinkedIn)
Ann's new company, Entertainment AI™ merges human and machine creativity to engage a new generation. eAI automates collaborative storytelling so users can co-create along with their friends and favorite creators. Entertainment AI™ works across all media with live action, avatars, animations, puppets, and even robots!
Ann co-founded entertainment data company, Gracenote, (the world's first crowdsourced company) which grew out of her first startup, ION. Founded in 1998, Gracenote is the leading metadata and Automatic Content Recognition service (acquired by Nielsen for $560M.) Gracenote answers over a billion data requests daily and is embedded in over one billion consumer electronics, software, and automotive devices.
Some background on Lind Partners / Australian Special Opportunities Fund...
http://www.thelindpartners.com/documents/FG/lind_partners/news/207859_Mining_Journal_Mar_2014_-_Lind_Partners_Unearthing_Real_Value.pdf
Excellent buy at these levels - and a great hedge against the pending US - China trade war. Rare Earth stocks exploded at the beginning of the decade when China last restricted their supply, so always good to keep one in the portfolio!
“With increasing adoption of AI across sectors, this space is bound to witness growth in an already burgeoning M&A activity. Corporates are extensively evaluating options to integrate AI in their business operations and automation initiatives. Going forward, AI solutions will be an integral part of their strategies,” Bose said."
https://which-50.com/global-tech-giants-remain-most-active-acquirers-in-ai-tech-says-globaldata/
"“With increasing adoption of AI across sectors, this space is bound to witness growth in an already burgeoning M&A activity. Corporates are extensively evaluating options to integrate AI in their business operations and automation initiatives. Going forward, AI solutions will be an integral part of their strategies,” Bose said."
https://which-50.com/global-tech-giants-remain-most-active-acquirers-in-ai-tech-says-globaldata/