Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Slacker, did you not see or read the last RNS, millions of pounds of contracts about to be signed!!! that’s what will move the share price!
The turn around is coming, let’s face it it’s just dropped too far, it should be a easy ride up to 1p this week, then 2p to 3p on any contract conformation.
The word will get out, investors have the long weekend to take all this in, there will be a scramble to get in on Tuesday morning when investors realise how cheap this is, when just one of the contracts could be worth more than the current market cap.
This has dropped over 70% of its value since December, for no reason as I can see, I believe this will settle at 1p next week, then back over 2p once the contracts are confirmed.
Two OEM vendors!!!
Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Announces business update. Highlights positive engagement with a number of potential new customers, including two OEM vendors which, following an extensive evaluation of Ethernity's Universal Edge Platform have indicated an interest to adopt and launch the product to their customer base. Talks continue with these two vendors on potential contracts that could lead to significant business for Ethernity. Estimates the contracts could contribute between USD2.2 million and USD3 million to revenue in 2024, plus "significantly higher revenues in 2025 and beyond".
A 30% spread makes it difficult for even a quick punt.
Looks like my prediction of 0.80 from this morning is going to get hit, looks more like 0.90 to 1p and so it should on the back of that RNS, just the mm’s knocking stop losses out to get some stock to sell earlier today.
If any of those contracts get signed, this is going back to 2p +
A couple of £5k plus buys gone through, no significant selling, 0.80 close today is my prediction.
The Rns today has given the market a sniff today of future contracts and potential earnings growth going forward, this is what was needed to stop the slide in share price.
The only way is up from here.
Those 2 contracts alone are worth more than the current market cap, what are investors expecting, way undervalued, huge upside here for the patient investors
I can’t see any big sells, most a few hundred quid, just a few stop losses knocked out, expect a big bounce later this morning.
It’s a positive Rns, just compare it to the current market capital, a 2m to 3m contract this year will be huge.
Way undervalued I expect to get back to at least 0.75/80 this afternoon.
Based on the scopes of work being discussed with these potential new customers, should they lead to contracts, they could contribute between $2.2 million and $3 million to the Company's revenues in 2024
The spread is making it difficult for any investor to make a sizeable investment at a 7.5% spread, so I can’t see any significant buys coming in at the moment.
Unfortunately it’s only people buying more averaging down at the moment, I think it will we will see a slow decline down to .10/11 during the day
Rns this morning that they new would pump the price, then another Rns at close fund raising, how can they get away with this, I know it’s aim, but they still have rules.
Now that the court case has been put to bed, the risk has reduced dramatically, hopefully that will make raising funds easier
Https://www.proactiveinvestors.co.uk/companies/news/1039808/ethernity-networks-experiences-positive-growth-and-restructuring-amid-tsp-process-1039808.html
Fully funded as of 6 weeks ago, plenty of money in the bank, 2.1 million! 30% increase in revenue to 3.8m in 2023, new customers, AI technology , at the current market capital this is in way oversold territory, it is due for a major correction.
Exactly, the company is not worth any less than it was then, just churn of sellers, with no patience, but patience will prevail.
I am super excited to be invested here, huge rerate incoming.
https://ethernitynet.com/wp-content/uploads/2024/02/Ethernity_New-Feb-24-V2.pdf
Skid, I am not saying we are going to get a signed contract from the show last week, but we could get an update that we have certain company’s taking interest.
But to be fair it’s been a while since any positive news, so a update is well overdue, so a positive update could land anytime.
You are obviously a bitter X investor here, at least I wasn’t the Pratt who was invested here at 33p plus like you 🤣
uallmakeitup
Posted in: ENET
Posts: 77
Price: 33.00
No Opinion
RE: Hmmmm...... is this the bottom?25 Jan 2022 08:50
T lied it was all in his name. I see he is blaming traders for bringing the share price down while selling his at the same time.
As for my 5p prediction, it’s achievable, that’s only a market capital of around £14m, that’s nothing for this kind of technology company, a major contract with a blue chip company they could easily achieve that.