Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Intrusivethought: I guess the markt is clueless as now Nanoco is down at 17.4p - fantastic inflection point in value. Look I will not argue with you any longer. Most of the debate is so childish here.
Fact is Tenner overhyped things and misled investors, some angry and disgruntled investors tried to hold him accountable and failed. Right now after having signed away a good part of the business the fate of Nanoco hinges on imminent commercialization. Maybe Tenner can redeem himself by a) achieving this commercialization and b) honest and transparent communication around it and most (including me) would acknowledge this - however only wilfully blind people can right now paint a rosy picture.
I think this is an honest appraisal of the situation and all we can do is wait for tangible news.
@Intrusivethought: Nanoco's technology was already validated by Samsung "borrowing" it. This kind of validation is valueless as we got peanuts for it. Other companies will not look to Samsung - they all will look at Nanoco and see whether they like the technology - or not.
As Samsung was by far the most omportant infringer quite honsetly the meagre amounts we might wring out from the small fry is not worth - after the hefty bills of lawyers have been paid.
With regard to infringement Samsung was the big fish and that got away scot free.
@ddubya: Correct - and right now this is exactly my stand: Nanoco technology is very good (otherwise Samsung would not have "borrowed" it) but the quality and integrity of Nanoco management and board is dire.
@LordWM and intrusivethought: Very disappointed in both of you. To label others on this board just because they don't share your views is just low. I would also vernture that you have an agenda here and that is to paint a rosy picture in order to lure private investors in.
Let us face it you speak about more buys coming in than sells yet the fact is that the share price now is at a measly 17.5P and even LOAM don't get in at this low level - despite this "incredible price". Makes you wonder....
Intrusivethought: One can have the best technology in the world - if you cannot defend your IP or cannot strike deals where you gain COMMERCIALLY from your world class technology than you are toast as a company.
So to make it clear here: I want Nanoco to succeed (as I still have some holdings here) but at the moment there is absolutely no basis to know whether we will - and I and others are now much more wary as all the hype of the CEO surrounding the first inflection point in value proved to be hollow words.
@NGR: I don't think I am in the 10% minority. Consider that many Nanoco shareholder who feel adn think like me have sold their holdings after the Samsung settlement debacle and therefore wouldn't bother to vote. Than there is a bit of apathy...ie some people are unhappy with Tenner but wouldn't make the effort to vote against him, other people would be against Tenner but might not be sure about TH replacement team and still vote for Tenner (rather the devil I know than the devil I don't know..).
I think you are mistaken if you take the voting result as a true reflection, ie a 1:1, of support for Tenner.
@NGR: Let us first await an RNS on this as this comes first. I will read this RNS and than judge whether it is written in a clear manner with some hard numbers/data points - if not I will not even bother to listen.
You have to understand one fundamental point NGR. I have been investing my own monies for over 6-7 years and have never had the experience where a CEO basically lied to his shareholders and afterwards tried to sell a debacle - and the Samsung settlement is a debacle - as an achievement.
The problem for me and others when watching any future Tenner presentation is this: I and others would be watching and listening and asking ourselves: "Is he now lying?" "Is he now telling the truth?"....
I have sold most of my shares and took a hit but that is okay as I can take it - the feeling/knowledge that I had been "had" by an unscrupulous CEO and board is what hurts me more than the money.
@Nanogeddon: Thank you for stating how it is.
And this is the reason why I will not attend any investor presentations by Brian Tenner any longer. Someone who has lied and so blatantly and oviously lied to his shareholders just cannot be trusted. It just would be a waste of my time - and if I want to listen to a fairytale I would rather open a book by Gebrueder Grimm or Hans Christian Anderson or indeed watch a Disney animated movie.
@Trickymatters: You are getting ridiculous.
First of all any decent investor does not look at his screen and says "Hi buys to sells are coming up 7:1 today" as to make such a statement with just ca 90 minutes of trading on one bog standard trading day is really meaningless.
But maybe I go down to your level and giove you some other data to mull over...like share price performance...
Here we go:
YTD: -61%
Month: -3.5%
And even today: -0.57%
You call me a troll which I am not. I will ot call you any names except to publicly state here that you have no idea about investing.
@Ecclescake: Hahaha - That is another joke.
I would have been as “well informed” (or should I say intentionally MISS informed) as Tenner did to Nanoco shareholders in 2022?
@Ecclescake: I am working and quite frankly I won’t waste any of my holiday days engaging with a deceitful and insincere CEO. I voted to get Tenner removed and so have done my bit.
What I will not do however is to allow people to paint as the CEO as squeaky clean when it should be clear that for many months he has systematically misled investors- got it now?
&NGR: Yes Tenner said that - it is on video and Iwatched the recording ca 2-3 times last year.
@NGR: I have worked in asset management for ca 20 years so don’t try to patronise me here.
I am fully aware that investing comes with risks and that there are more black swans than we would like to believe.
In Nanoco’s case we have a CEO who has stated categorically that he would only accept a settlement if that would lead to a multiples of value - and he said this when the share price was substantially higher than it is now.
The way LOAM was massively dumping shares after the first now infamous RNS is quite revealing.
Oh and the notion that TH’s attempt to hold Tenner and CO to account would have any impact on the timeline of commercialisation is ridiculous.
I studied History at Cambridge but maybe I should have read English….
I guess why I am so worked up is that in the middle of last year I was thinking/questioning LOAM actions but as someone who has worked in the City myself I thought that nothing untoward would happen.
Obviously there are some differences in regard to ethical and proper comportment between asset management companies in the City.
But I leave it at these general remarks. I think everyone should have a good idea what happened.
@NGR: Fair enough it is always dangerous to speak of the majority when one does not have the means to really know how the majority feels.
But in all honesty I think many shareholders feel like me: Betrayed and disillusioned and wanting Tenner gone. However whilst many (the majority?) want Tenner gone they might for the moment not vote against him - this for two reasons:
1) Some might think “Let’s give Tenner a last chance and see how he fares on the long heralded commercialisation”
2) Some might think that whilst Tenner has underwhelmed at least he is someone who knows Nanoco really well
3) Some might have been wary of TH motivation and his selected team
I honestly think that 1), 2) and 3) explains to a good degree why Tenner is still in the office - but this should not be confounded/taken as a resounding vote of confidence.
Sometimes people prefer the devil they know to the one they don’t know.
However one thing is certain: After all the stretching of expectations on commercialisation there will come a time (and I think this is measured in months and not years) where in the absence of firm news on commercialisation as evidenced by a clearly written RNS shareholders will vote to oust Tenner & Co.
Haha Intrusivethought: This was a really good one. Validation of technology for peanuts and thanks to the settlement the quantum dot market will be Samsung’s.
@NGR: I think you are underestimating the discontent amongst Nanoco shareholders and their patience. After the unmitigated Samsung settlement debacle faith and patience in Tenner is in short supply.
@Trickymatters: Again for the benefit of those hard of understanding: Tenner and Board “won” but if you and others believe that the people voting for them are wholeheartedly behind Tenner & CO you are only kidding yourself.
Many shareholders- disappointed and bitter they are - have decided to give Tenner one last chance.
If he does not deliver within the next 5-6 months shareholders will oust him. Another baseless vague remark about “inflection point” and “commercialisation is getting closer” will just not cut it any longer (except for the super gullible like you).
@troublesome: I think that a very significant number of shareholders are disenchanted and disaffected with Nanoco management.
They feel let down and betrayed not only by the settlement but also the subsequent communication or maybe the word lack of communication is more appropriate here.
However I feel that also quite a lot we’re not convinced by Hammoudi’s team so in the end through gritted teeth voted for the devil they know.
However, Tenner and the Board should be aware that they are living on borrowed time - if they don’t deliver with concrete news of commercialisation within the next 5-6 months investors will try to get them out.
For the record: I voted to get Tenner out - but also not for Hammoudi’s replacement team. Tenner is in the last chance saloon. Someone with integrity would have voluntarily stood down as CEO but it seems that in our day and age CEOs need to be pushed out.
@troublesome: I took some losses when selling a good portion after the utter defeat, the unthinkable and unmitigate debacle of the Samsung settlement where Brian Tenner effectively sold out a good chunk of our business for a song.
I am still holding but with a lot of scepticism and little faith in a CEO who has misled investors over months and in the end didn't keep his word he gave to investors.
A piece of advice to potential investors here: Don't touch Nanoco with a bargepole. Only invest in a company where there are no question marks with regard to the integrity of the CEO and board.
Some posters here exhibit more hope than reason.
If we had such an excellent entry point why is LOAM not getting in again? After all they must be VERY familiar with the stock wink wink.
Oh and forget all this fluff about going after infringers- that was just one of these empty boasts of the fairytale teller par excellence Brian Tenner.
If Disney ever wants to do a new Pinocchio movie I would highly recommend Tenner.