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https://www.consultancy.eu/news/6046/europes-telecoms-infrastructure-needs-300-billion-spend-for-5g
Europe needs to catch up.
Plenty of news from China this week, big Boao forum taking place.
Worries me that a big fish might be floating around in the background.
Eternity are surely on an upward curve & have the potential to easily reach £3/4 in a couple of years if just left to their own devices ( pardon the pun).
Would be a shame not to see this company determine its own future.
Cheers.
Exceptionally light oil
Twice this was mentioned in the last RNS.
I haven't been able to find the same description or quote from any announcement of a recent discovery.
What this means in terms of commercial oil api etc is beyond my knowledge of the oil/gas industry.
Anybody like to enlighten me on the meaning, Exceptionally light oil?
Could it contain high levels butane gas etc?
Cheers
Great vids, gives a good sense of the extreme conditions the workers have to deal with...
Amazing.
https://youtu.be/hJCczDX6XYg
Can belt out a tune & plays a mean tambourine.
https://m.youtube.com/watch?v=0oODhWTqPPs&itct=CA4QpDAYBSITCPijqJSiptoCFRm_wQodO0gFqDIGcmVsbWZ1SIG9qMr--7n7RA%3D%3D
DL have read latest RNS & interims before that & preliminary's before that.
Dec 2019 £2.8m/2020 £0.5m.
Don't get me wrong i like what this company are doing & 15p/16p seems a bargain also can see revenues increasing substantially once the world starts to ease lockdown restrictions this year.
But before that they are going to need more cash to expand all activities which they seem to be doing with the hiring of more staff (especially sales) etc.
The one quote from last RNS, Enhanced spending to improve market penetration in key territories in Latin America, i interpret as their intention to really push marketing in these and other areas which will need funding.
Business grows then costs must grow.
Maybe they can borrow from the banks? or from investors? before they become fully self funded from profits, will soon see.IMO.
They're going to need cash, AIM companies are not adverse to saying one thing but doing another.
Holding half a million in cash as of Dec 2020 but i believe this will quickly be used up by proposed plans for expansion, which in its self is no bad thing.
trading update quotes.
New Head of Sales and new Head of Procurement appointed during the second half of 2020 to accelerate revenues
· Reflecting further confidence in the Company's products, investment has been made in the appointment of three new sales professionals at the start of 2021
· Enhanced spending to improve market penetration in key territories in Latin America
Profits aren't going to cover these costs in the short term & company needs to show it has a healthy bank balance to gain confidence from suppliers/buyers etc , markets seem to realise this fact hence the drop in share price to where we are today.
Results out soon so will wait & see. imo