Member Info for HarChris

Nope the significant cash pile vastly reduces executional risk at this market cap and completely eliminates any risk of mid term financial difficulty - that makes the risk/reward although vague, very favourable in my eyes.

Say what you want it makes no sense to sit on your holding when you are pretty much certain this will go to 150p, especially not to sell out above 190p in what you yourself called a spike at the time. You were right but you lack the conviction to act on anything you say.

'So is cash, it would seem, HarChris.'

No it isn't, the SP would be back close to where it was pre covid if it wasn't for the cash. The cash pretty much sets a floor for the SP around the 1.50 mark, which from here isn't that far.

As it stands it's still 12 times what it was pre pandemic.

But you said on the next spike you would sell out and buy back lower, so why aren't you practicing what you preach? You could have got 193 before buying back at 150p which you are certain of, big swings.

All very strange when you know the movements so well not to profit somewhat from it.

It was 15p with £1.5m cash and £7m debt, that SP is irrelevant.

Well we were talking about share buybacks months ago with the share price around 2.50, that's far more attractive now than it was then...

@byp you sold out earlier right?

Most of the staff are on temporary contracts, it will be easy to bring down costs in line with falling revenues. Even if there's some cash burn in 2022 it ain't going to be anything close to the cash pile!

It was the cash provisions made for the DHSC dispute that caused the discrepancy, in terms of pure profit made in 2021 it was much more than £10m...

Justin tried very hard this time not to switch to a mock South African accent when introducing Bushveld and ever so nearly managed to avoid it but in the end the impulse was just too strong.

As I said I'm a bit disappointed that we will have to wait until April for it all to be fleshed out, I'd have liked him to say it was coming much sooner down the road but it is what it is, the circumstances are that they are in no rush to move on their growth plans and are disinterested in what the SP does in the meantime.

One would assume that it will be a combination but largely used for M&A.

The outlook is miserable and by waiting until April David shows he doesn't give two s**** about the short term share price. It's gutting to holders but truth be told they have £102m in cash and we all know it is going to be deployed at some point which will radically change the future forecasts.

Maybe some would have expected even more progress by now but should the company be worth 47% of what it was this time last year, in the middle of the pandemic? I think most on here would say no and so this is now a very strong buy.

Well even if everything you posted were true it would still suggest the share price is currently well undervalued:

Production is the same as last year but we now have a run rate of ~4000mtV for two quarters in a row suggesting the forecast for next year is easily achievable, especially as FM has stated he will under promise and over deliver going forward. We are also operating in a far stronger V environment to this time last year and are a year closer to the commissioning of the electrolyte plant. And yet the SP is less than half of what it was last year.

If by your theory we've only made minimal progress then at the very least we should be valued where we were last year, ~19p.

I am perfectly comfortable with all opinions but I find it particularly insidious to sell out and then immediately start stirring up rumour.

Why stick around after selling peppering the board with subtle negative comments? Aren't you comfortable with your decision?

But you're right I thought it might go a tad lower and take a few hours to settle, that's the most common way a falling knife plays out on day two.

No idea if this holds but did I not get ridiculed this morning and yesterday for saying drop first thing then buyers stepping in - why would buyers step in I was asked?

I'm happy to admit I was taken aback by the sell off yesterday as was reasonably happy with the update.