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Was,
Those are fair points, just a combination of bad luck, timing of global of events .
Even though the DFS project costs have been mis-calculated to a point and some due to unexpected high inflationary costs, I do wonder how this would have faired if we did not have Covid, inflation and wars.
Everyone speculates about there investments, its normal
But the amount of speculating done for this share over the years has been astronomical.
It is extraordinary that none of it has turned out to be right
Very high risk because amount of funding required is unclear , but I am inclining to buy back in, just a small punt(willing to lose it all if it happens).
I think we are going to move to higher highs and move away from sub 20p range
Davey
We know you are frustrated but why do you repeat the same information everyday
Bubba might actually have a point .Yet no/one has challenged his analysis to say it is wrong
Bubba
Looks like you nailed it with that analysis
LH,
A short term temporary solution today, which keeps the lights on with regards to working capital.
However RNS did say
"There can be no certainty at this stage that the full financing solution will be achieved."
HTTps://blackswanshares.substack.com/p/3-microcaps-for-2024
3 microcaps for 2024
21/12/23
MADE TECH GROUP (MTEC) MC £16
This is a mini KNOS, software co which specializes in digitisation projects for central and local UK government. The sp has been an absolute disaster since ipo. Again, this is another human capital intensive business which hired too many expensive employees at the top of the market and coupled with normalizing demand after covid, meant a tough, loss making period in which the ceo decided to shift focus on profitable growth by cutting costs, etc. The main positive with MTEC is the net cash position. It has c £8 mil net cash and this should be more than enough to support the transition to profitability without dilution. The main weakness is that these gov contracts are on a “call off basis” ie there are no defined time schedules so the timing of contract delivery it’s entirely at the client’s discretion. A few delays in timing caused poor staff utilisation rates which in turn impacted profitability but MTEC never lost a client and has a contracted backlog of c £67mil so it’s a matter of when, not if. Once these contracts start, the operational gearing will have the opposite effect: super profits
Made specific gov contracts
https://bidstats.uk/tenders/?ntype=tender
Parrot
I read u both boards
Someuwin is a serial ramp with a bull narrative
If chLlenges on Free BB , he creates a premium thread to ban ppl when challenged
There are a few of them who follow each other
Ironically am a bull here anyway