Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
100% agree @isas and @nigel. It was a nothingburger holding statement, presumably released because there was expectation that "something" needed to be said by end of June. That this has dropped the share price lower than it closed yesterday, well it would be funny if we weren't all losing money because of it. God knows how much the share price will drop if this us the type of news they are going to drop on the media day.
The big problems are the words "shortly" and "slowly". Gives us nothing. At least give us "happy path". Are we talking 10% volume running on the machine? How long for before we go to 30%? 1 week? 3 months? Whats the happy path to 100% utilisation? Given no issues, are we 4,8,12,16 32 weeks away from significant outputs?
The only thing that is going to make most investors notice and move the share price is profit. We've got an opportunity to show progress in the half year results but given where we are i think theres every chance theres nothing to shout about. We could potentially not see much gain until calendar years end.
5p? I'm worried we're not going to see 2.5p again given the big sells on friday and another presumed big sell this morning.
This RNS should have been a big deal for this company and all we get is vague "shortlys" and sell offs to suppress the share price. Someone is spooked and I'm not sure the comms are helping with a lack of confidence generally.
Really pleased, but i see we're still getting news about work in vague terms. No actual date of when commissioning starts. Is it this morning? The only mention is the quote from Robin that says it will be done "shortly". I would have much preferred the RNS to talk in specifics, and I'm sure the market would too. If you're turning it on this morning, tell us its this morning!
They are just consultancy roles though, right? They aren't new employees or board members. Just on the payroll to give guidance and for influence. I'm sure they are good, knowledgeable guys but i don't see this is any better reason to buy in than say, that RNS the other month that said they were taking on a post-doctoral researcher.
I'm not putting any more in until i see whatever is in an RNS that is going to appear this afternoon or after hours tonight. I think this will go lower yet on whatever is in it.
Nearly back down to my average price! What a shame.
You're right, the natural reaction to news thats supposedly about to land about a companies main earning potential, is for people to start selling shares left right and centre and tank the share price by 25%. Clearly the act of people who are expecting a good news RNS to drop any second.
It was the Sunday Roast podcast that mentioned the press day, but i don't think they gave an exact date, just "early July" but as they are the PR arm of TM1 i assume it was supplied to listeners with their blessing.
Still convinced we're going to get an RNS later today or friday which is a holding message of "delayed progress because...". Really hope I'm wrong though.
All those things should have happened this month. The fact the share price has just randomly dropped by 8% today makes me guess some of those things haven't happened or have been delayed, and someone has got advance notice of that.
Let's hope its not insiders offloading prior to a bad news RNS dropping today or tomorrow.
Can just imagine a scenario where we got told there are problems in the commissioning of the machine and its going to be offline for a while.
But agree with the earlier comment that this is another example where futute dates for progress are supplied by the board and then missed.
The longer its quiet the more I'm wondering what that wierd little jump up to 2.35p three or four weeks ago was. They aren't going to turn the machine on at 6:45am, do a RNS at 7am and hope it just works.
So I'm wondering (speculating) if perhaps they've been doing a dry run around the time of that spike, insiders bought in on that, and they are just waiting for the ribbon cutting and its longer away than people thought which caused the price to drop?
There is always a rise in share price just prior to an RNS so the fact we did a jump to 2.35p with no RNS either side is a bit sus and makes me think its related to the machine . Or its been running for a couple of weeks since aeound the spike but they just want to make sure there are no commissioning issues before they RNS it?
Reference to working with gigafactories in the opportunities section there as well...
...interfacing with every type of business from automotive / electronic manufacturers and gigafactories, to commodity traders and smelters, and to scrap yards and waste management providers, across the UK and Europe
I wonder why? 😀 Posted 5 days ago...
Not loads here but gives you a clear breakdown of the 2 x business units that make up Recyclus. And thst they are looking for an immediate start!
Commission-led pay with opportunities for travel to European markets shows where the management team thoughts are.
https://uk.indeed.com/m/viewjob?jk=e9de3889fa80c0f4&from=serp&prevUrl=https%3A%2F%2Fuk.indeed.com%2Fq-lithium-ion-battery-jobs.html