Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interestingly while most automakers are shifting toward these higher-powered processors and more centralized compute solutions, not all are going exclusively with one chip vendor. For example Volvo is using the Nvidia Orin for the centralized compute for ADAS/ADS, it is using Qualcomm for the digital ****pit. The same is true for Nio and Xpeng.
https://www.forbes.com/sites/samabuelsamid/2022/01/04/qualcomm-highlights-digital-chassis-and-automotive-partners-at-ces/?sh=332045d23079
https://www.rte.ie/news/newslens/2021/1126/1263323-robotaxi-beijing/
I'm still awaiting a reply to my mail. If some of you have more frequent contact with SEEING Machines perhaps you could ask re the discrepancies in Slide 11 and the usefulness of Slide 8 as an indicator of the future given it seems to have gotten 2021 significantly wrong.
Absolutely terrym,
Just pointing out that as people make projections for the future the revenue per car for Magna contract is A$6.00 per car, the overall A$1.1bn of RFQ's have a revenue per car of A$11.5. (Based on SEE figures as of 24/11/2021)
It may increase in future RFQ's with added features, how it may reduce with further increased volumes, how it will translate in any volume won with Qualcomm I don't know.
Just giving the current baseline.
From Slide 11 the Revenue per car for the Magna contract :
Value A$120m
No of cars (rough count from Black Bars) 20m.
Revenue per vehicle 120/20 = A$6.00 per car.
I guess the impact of volume is starting to show in these figures.
Another number from slide 11 - Chart 1.
The bars represent in aggregate the A$1.1bn in RFQ's.
If we add the volumes over the years we get approx 96m units.
So the average Revenue per unit is A$1,100m / 96m = A$11.5 per car.
For those of you who enjoy numbers you might help me with these.....
On Slide 8 today I thought i would check the graph for 2021 to see if it is in any way accurate for the current year. If not it is pointless using it for future years.
So for 2021 it shows 80m Worldwide sales volume
therefore 70% or 56m excluding China (Paul mentioned "the other 70%")
Overall DMS Penetration roughly 7% = 3.92m
This seems to me to be a gross exaggeration in that SEE only have 120k life to date to 30 June.
On that basis I think we can disregard the graph as pure fantasy or perhaps push out the numbers by two years or so.
Are my figures ok ?
I'm surprised SEE used it.
However I'm even more surprised with Slide 11.
Paul clearly says the Light blue element of chart 2 on the slide equates to the aggregate of the 8 RFQ's in slide 1.
But this is clearly not the case.
For instance in slide 1 2027 equates to approx 18m volume
Light blue 2027 bar in Slide 2 is approx 38m.
Both slides are for "DMS unit volumes ('000)"
So are the numbers wrong ? or is his explanation wrong
(he was very clear and adamant as he described it and what he said made absolute sense. However I thing someone screwed up on the scale of Chart 2.)
Agree/disagree?
I don't think you read the header on that page...
Judicial is moderate - all the other sectors are high......
" Snapshot
Across all sectors, corruption is a very high risk for companies operating in Zimbabwe. Investors face both high-level corruption in the form of nepotism, patronage and abuse of power, as well as petty bribery and extortion. The Prevention of Corruption Act prohibits active and passive bribery, gifts and facilitation payments in the public and private sectors, but such practices are common. Companies can be held criminally liable. The maximum punishment for corruption offenses is 20 years’ imprisonment, fines, or both, but the government enforces the law selectively, targeting mostly political opponents."
Aconcept,,,,,
"a company that still has a market cap of under $500m."
The market cap is approx US$644m.
Loss making last year and maybe next year.
Q1 is pretty flat with a year ago.
There are no CONFIRMED large future orders for the last XXX months.
Why would outside investors be drawn to this company rather than any of the other thousands they could invest in?
We continue to await the silver bullets....
Significant OEM Contacts with Quantum attached.
Meaningful increases in Fleet - (in the context of $644m Market Capitalisation)
If we listen to Paul he has repeatedly said Aviation is a long, long road and repeated this morning.
Magna, possible Dual-listing, Shell, DMS RFQ pipeline, Qualcomm counteract the above.
But it is not a one-sided story - certainly when viewed by outsiders considering their investment choices.
So we continue to hold and wait. IMHO
Looking/sounding good indeed.
However it must be noted that none of their production/offtake timetables from previous RNS have been met so I guess the latest promises should be treated with a modicum of caution.
This is after all Africa.
Zimbabwe lies 157 out of 180 or thereabouts in a league of the most corrupt countries in the world (2020).
It must be a nightmare for a small company to make progress there.
(Mali is number 129 - a virtual haven of good governence)
Certainly a good punt - but beware.
All imho......