Member Info for glynbristol

Should have said 50% increase.

Or straight forward economic business sense. Who wouldn't want paying with shared at a 10 discount (meaning you get 10% more that the debt owed) and then be able to sell those shared tomorrow for cash at a 50 increase (at yesterday's closing price). It's s no brainer.

Water!!!!! Don't waste it, a few drops in vodka or gin and your in for a great night and wasted tomorrow!.

Mark Twain was reported to have said something along the lines ,.........A mine is a hole in the ground with a man at the top telling you what's in it. The key question is do you trust the man?. Let's close this conversation .

We need sellers to move the share price. When someone sells, we need someone to want it and buy at higher price. If share price was at 20 and no one sold or bought it would stay at 20. Some will sell to take profit, some may want to trade it, sell now in the hope of buying back cheaper. Each to their own.

Do people understand what they are reading. 3.75 g/tonne in soil samples is high grade mineable in its own right!. Google it. We are all looking deep for the mother load as every miner dreams of, and neglecting what's under our nose. That's gold fever I suppose.

A lot of excitement and movement here on record sales from existing 3000 Tonne per annum plant. (TPA). Cannot wait until news that the 9000tpa plant is also in operation at end of Q2. Total capacity is then 12000 TPA pro rata for the remaining half of the year.

Give the termites warrants. It may encourage them to dig deeper.

Definitely. How else will they pay for aquisition .

0.6 p by close????? Come on it's gone 3pm. April fools jokes supposed to cease at midday. Personally, I think the company has a great idea but incompetent management. If you want to see this fly I suggest s change of CEO, (someone who could inspire confidence in investors and be seen to have a clear strategy and drive for the company). Sorry, but this management just goes from disappointment to disappointment, let down to let down. Couldn't even publish this "trading statement " to timeframes promised.

It's in Half yearly report, RNS of 15 March

https://tradeflow.capital/ looks like we bought the competition out. Anyone know how much, and if significant how the money will be raised

Auto correct again. I mean STOCK

Sorry typo. Don't confuse Stick with inventory.

Luckybob.
Don't confuse stick with inventory. I can't help but see double accounting on the balance sheet. If you have monitised inventory, you have swapped it for cash. You are the sole rights to that, but it's "sold" to holding company, and you are committed to returning the value to the captive bank equal to the inventory value at a later date. Its a a committment people argue not a debt, but it's still a liability that must appear somewhere on the accounts. Perhaps a new accounting class of assets on the debit side of the balance sheet and financial statement is required such as "monitised asset".

DG73 your example appears good but you have not worked it through.
Let me explain, You are a wine company, you have £1m of Inventory ( WIP ) brewing in the vats.
You see a parcel of adjacent land for £500Km which you want to buy, so you monetise half the inventory and buy the land
Since monetising the Inventory was a true sale, your assets (WIP) goes down by £500K + cost of sale, but your Land Assets go up by the value of Land (less cost of buying).
Sometime in the future (end of of fermentation arrives) its time to bottle and sell. However you only have £500K of wine to bottle, the other £500K belongs to someone else, (and you are paying the storage and warehouse cost: but that's an aside). But it is no problem, you just buy it back ( because that is the Syme business model) Hand over £500K, inventory is returned, and everything is rosy. But where does te £500K come from? Sell the land you just bought, mortgage the land, or get a loan from the bank - (Interesting the company potential is only half of what it was before as they only have £500K of WIP). The idea is great, I think it will have limited applicability. The way this is accounted for and accounting treatments is what needs to be worked through (which as far as I understand has always been a difficult area).
It is great for some Inventory, but you cannot say a company with £100M WIP on the balance sheet could monetise that. It will only be a very small fraction, maybe 1 - 5% if they are on top of Inventory Management.

Reply to Napalm12,
I think we are both operating in the same space.

Reply to others. Please no abuse, if you don't like my thoughts just filter me out. I only post when I think there is an "elephant in the room" that is not visible or being addressed by other posters. Your may disagree, with my thoughts, and that is fine and alternative views are most welcome. I learned that I am never always right, and it's the wisdom of others that make the greatest contribution to my success. After all, isn't that why you are hear and reading this and other posts.

Sorry, being lazy with my writing. I should have said "The board may want to consider asking" in stead of "If I was on the board I would be asking"
And before you all jump on me and critise my writing style and look for hidden meaning in my words, none is intended.

Theanalyser,
This is the only element of truth that has been posted here in days. "It makes company look incompetent at managing it’s own financial affairs" I don't know why people are not questioning the competence of the management team. Syme have s great idea, they appear to be successfully turning it into a great product, but a good product does not s great company make. Consider WHY companies hold inventory, ( it is about risk management), and would you add further risk or undo your good work by "selling" the inventory to a partner that you do not have 100% confidence in ( It is management we are talking, not software tool, Bitcoin type crypto engine, or FCA rules, these are product . Management take care of that for you). If I was on board of Syme I would be asking, what just happened, how did we mess this up, how can we fix and prevent recurrence. There is obviously a competence gap in the board, about managing a listed company that needs to be addressed. I think this is the news that we should be waiting on, that will strengthen the company long term.

Don't forget when they recapitalised though issue of 500m shares, s dilution of approx 50%. Your share holding value is now 50% of what it was before dilution, so your 130 share price is probably 70 now.