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Sad to see PIs get shafted again...but feel sorry for genuine LTH's whose risk/reward has been disastrous and have lost major amounts.
On 4.3.22 somebody wrote “Things have been delayed but the story of our mine is far from over”...and the post got voted up 21 times....goes to show how little PI's know about how professional trading/investing world really works at expense of PIs and so PIs are guaranteed to eventually blow up their account.
If you are serious about making money in the Markets, may I suggest breaking away from MSM and doing a professional course (eg ITPM) and it will blow your mind as to how things really work.
As I wrote on 4.3.22..."there’s a very good reason why Sprott never got involved with AMC and still PI never got it. I will say again - this was never an investment stock but a punt like most small caps".
"We have a delay, We have oil, We have an opportunity to buy at 3.6p and we have other prospects. Its a fantastic investment for long term investors."
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Really? Hmm...you could have said the same when they discovered Heron several years ago (back in 2019)..SP back then was around 7p-8p...hardly what I would could a solid LT investment. But would call it a good trading stock.
"The posters here today are exploiting the delay that we have experienced. They will all be gone very soon."
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Elllltelinv, do you ever post anything different...I suppose at least you're consistent just like SYME are in reporting delay after delay time and again.
SP is clearly range bound and we have to sit out many more weeks/months and see if PI genuinely end up being able to get shares at 0.05p (although most LTHs won't have the funds or risk appetite to do so).
No denying the continued absence of signing-off on agreements or first IM news is a major concern.
So it is what it is.....a tough lesson in investing (re loaned shares, dilution, lack of catalysts etc).
“Seem ersonally would first work out what the expectant catalysts are and a timeframe). s people hold grudges over previous losses or want to buy cheaper or want to sell for more. “
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K7, musing over the above points you made, I wondered could they be true. In your words, I actually find them to be ‘all spurious claims’.
Some hold grudges re previous losses…not the way to be when trading/investing. Quite the opposite.
Want to buy cheaper…well, now’s your chance with EME, the cheapest it’s ever been - but be careful of ‘cheap’ stocks as they’re cheap for a reason. (IMO they’ll need to do a placing soon).
Want to sell for more….isn’t that the whole point of trading/investing or is it instead to be a LT holder holding losses (which is a big no-no in this game).
Little wonder professional traders have a 90:90:90 rule for PIs.
Funny old world really but we learn the hard way.
"Looks like the 0.005p offer will be on the high side when the future death spiral conversions take place (stated in RNS as the LOWER of 0.005p or 85% of vwap"
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Don't know how your worked that one out seeing as the subscription price was much higher than 0.005p LOL.
An obvious mistake to make...I think you're trying just a tad too much by continuing to posting excessively. You've made your point, this is a bad company and the SP is on it's knees. Time to move on perhaps?
"maybe the assets will be used as security for a loan; then if the loan is defaulted on the assets belong to a third party."
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So your concern is that it could be done for nefarious reasons? Yes it could but that means you are assuming that SYME is a scam which it isn't...too many reputable people are/have been involved with the company.
What is the concern here with AZ securing the IP assets in a holding company separate from the operational parent company - is it uncommon in the digital economy? It offers better protection to the asset and management. Of course the asset could be transferred to a 3rd party but surely it would have to be transferred at market value from SYME group and so unless this is a scam, we should be fine IMO.
It seems our "new investor" (Venus Capital SA) was incorporated on 11 June 2020....so it's a fairly new public company (under Luxembourg law). No website or Linked in pages.
https://www.datocapital.lu/companies/Venus-Capital-Sa.html#details
Contrast that with Negma incorporated 10 years ago and Mercator (Asset Management) more than 10 years before Negma and both are typical dilutive CLN providers.
God only knows who Venus really are but perhaps, unlike Negma and Mercator, they may well end up being a "long-term" investor after all, albeit at knockdown prices (and we're told that PIs can also get the same terms in June).
Assuming this to be the case, it would certainly be in Venus' interest for the SP to stay about the subscription price?
Nice work if you can get it.
Hmm....
Insider trading most definitely…reporting to FCA waste of time. The whole game is rigged and so PIs have to learn a systematic approach to trading/investing and manage risk/reward.
The Holding RNS (shareholder dropping below 3% reportable threshold) a few days before results announced was a sign of insider trading - bad that’s it’s allowed to happen legally (but very telling about the system we live in).
Yep you're right, I saw the Going Concern note in the Strategic Report as well as the auditor's report...so it would appear highly probable another fund raise is done this year.
On second thoughts ignore what I wrote, I have to re-visit this. Had a very long day. Cheers.
I admit I overlooked the "active part" of the £10m as don't know how much of that will be turn into cash received in 2022. But if I'm not mistaken I think you might be confusing "cash" with "profit".
Per the cash flow statement - the net cash used in operations in 2021 was £5,3m (call it £6m) and assume the same in 2022, that's £500k pm which is covered by the cash already held of £7m? Therefore any cash received from revenues generated will be surplus to this requirement, so why do a another major placing?
As for the gross profit minus the operational expenses (included in admin expenses on P&L), these amount to £9m for FY 21 and so they BIDS inevitably continue to make a loss in 2022 which is separate from them not having enough cash.
Forgive if I'm missing something here.
Hi Girdz, not sure about them having to raise cash (as they had £7m at 31.12.21 and guaranteed revenue of £10m is more than enough to cover cash used in operations of say £5m-£6m).
For me the real issues are:
- The majority of the revenue is fixed and priced in by the Market.
- There's no major revenue growth to justify a higher multiple for valuing the stock. Hence Mcap can not rise in absence of any catalysts.
- GP Margin (36%) not enough on existing revenues to make a net profit (given their admin expenses of £9m in 2021 which could be even higher this year).
So the company is loss making until they can properly show there's enough interest from advertisers to scale up revenues (as opposed to doing fixed deals).