Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Exciting times ahead. This is excellent news. Truly believe once the first site is up there will be no looking back here and we are edging closer and closer. IMO this will get funding. Clarity for SH here too with the 1 million US commission for Sabien. Very very positive RNS.
Thank you for that nugget of information Clive. No more dips and hopefully a McFlurry of activity in the next few weeks.
I too watched the video with interest and genuinely believe in City Oil. It won't be long before there is investment for the first site. Very well presented and RP came across well, as did the South Koreans.
Encouraging news. More of this please.
"It is fitting that Ericsson, the leading provider of 5G network equipment, is an early adopter of Sabien's unique Cloud IOT GSM enabled solution. Sabien's M2G Cloud dashboard enables CBRE to showcase to Ericsson and other customers, visible plant saving and performance, individually, locally or globally at the click of a button."
I will not be attending, but I am optimistic. City Oil would not have extended the license with Sabien for another year if they had any doubts regarding RP delivery. So I expect good news to come from this. Indeed the way to get this up and running is the investment paid back with energy output; let's hope the government or a big fish bites wherever it may be in the world.
I have an issue with the lack of activity news-wise on M2G sales amid an energy crisis. However, Diversity buying in the low 20s, taking up their allocation and adding on Monday leaves me hopeful.
I, like many investors, am well offside here, and that is the fault of one man. An interesting few weeks ahead when RP must start delivering.
I hope this meeting goes well and we get closer to securing a site for City Oil. Fantastic news and the share price goes north. I firmly believe RP has worked hard on this and will finally deliver.
More importantly, I am pleased that Diversity has increased its stake. Let's face it, the results are unacceptable, and there needs to be a shake-up about sales of M2G. However, a recent RNS regarding EDF involved City Energy, so it is clear they are active and have since further invested; this gives me confidence.
Unless he knows something we do not with City Oil I have to agree. The communication to the market is poor - he needs to start following up the RNS's. with results. What has happened to the partnership with EDF???? How are sales going on M2G? etc etc etc
Just a bit. 9.81 = .0327 before the probably broker advised 300:1 consolidation.
How can you allow the share price to slip below the price of the new shares issued only a month ago. I know, you keep your mouth shut!
Either RP knows that City Oil is coming off and keeping quiet until then or he is just has a total disregard for shareholders that invest in his business.
Would be good to be given an update on this?
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Sabien Technology Group plc (AIM:SNT), the company focused on a green aggregation strategy, announces that it is working closely with City Energy1 and EDF Plc to obtain SAP2 approval for its M2G Cloud gas reduction technology.
SAP approval will expand Sabien's reach for the M2G product line into the residential/domestic market via district heating schemes and increases it current addressable market by 3 times. The savings delivered through Sabien's unique technology; instantly addresses the energy crisis the UK is currently experiencing. Reducing fossil fuel use at point of consumption and reducing overall cost to the consumer on their bill.
To enable the roll-out of M2G solutions into this larger domestic market, Sabien`s experienced engineering team will be further enhanced by City Energy`s fleet of engineers to deliver the energy saving installations at pace.
It is noteworthy that Sabien installed the first residential M2G Cloud solution through a contract with a Government Department on 16 August 2022 and its second on the following day.
Separately, as a demonstration of the benefit of the Sabien system, on 11 July 2022, its real time reporting system showed an average 17% daily savings in gas consumption and CO2 emissions, across a mixed customer base of 109 newly installed cloud enabled M2G installations. Even during the summer period, this is financially significant for our customers at a time of increasing gas prices. Customers receiving installations over the summer are well placed to benefit from even greater savings during the coming winter months.
Commenting on this news, Richard Parris, Chairman of Sabien, stated:
"This partnership with City Energy and, through them, with EDF will significantly increase Sabien's firepower to sell more M2G units into more markets. While further work is required to complete SAP certification and the supply of silicon chips remains challenging, I am confident this announcement represents a step-change in Sabien's go-to-market firepower. This bodes well for future sales, especially as the demonstrated average immediate saving of 17% gas heating bills is nationally significant to businesses and consumers alike."
Get City Oil over the line (which I believe will happen), and this will rocket. That aside, I am still frustrated that after a positive RNS regarding EDF's involvement, no contract wins and no further updates on SAP2 approval for its M2G Cloud gas reduction technology. So soon after going cap in hand to shareholders, you would at least think RP would be more proactive with keeping investors updated.
That aside, despite RP's inactivity, I have been cautiously picking up more shares down here and will continue to do so.
Does the parliament meeting clash with the state funeral on the 19th? If so, this will have to be rearranged.
That aside - still no contract wins announced when cheaper energy should be pretty easy to sell. I think it is about time that we questioned the sales model here. Surely with the government contract in place and renewed the sales team have a decent enough platform to win new business.
Yes, City Oil has the potential to take the SP to the promised land but until it does SNT should be bringing in revenue from M2G - after raising £600k of already diluted shareholders money it is the very least they can do.
Start giving a bit back Parris.
So after the recent funding by the SHs, you would like to think that the Sabien salesforce was in nice and early this morning.
Perhaps they need to read this exert from the RNS before they start canvassing. It's not as if they are selling sand to the Arabs.
"Separately, as a demonstration of the benefit of the Sabien system, on 11 July 2022, its real time reporting system showed an average 17% daily savings in gas consumption and CO2 emissions, across a mixed customer base of 109 newly installed cloud enabled M2G installations. Even during the summer period, this is financially significant for our customers at a time of increasing gas prices. Customers receiving installations over the summer are well placed to benefit from even greater savings during the coming winter months."
This stock's performance is a disgrace in the current climate - 56.7% down YTD. RP has a lot of work to do and needs to start delivering before he becomes a laughing stock.
No interest with engaging with this idiot. YTD we are 56% down when rising energy costs are never out of the headlines. Thank god that there is a new stakeholder involved and a Sales Channel Agreement is in place. The M2G Cloud gas reduction technology and City Energy is a positive. RP is the negative and has sold shareholders down the river. He has a lot of work to do.
Finally RP! Let the significant shareholder who bought in because your tech is excellent help grow this side of the business while you focus on City Oil. Good to see EDF mentioned too.
We are moving in the right direction now. Keep us posted.
Dilution is still raw for me but put the £500,000 to good use, and City Oil comes off, we may reach the PL. So another year is progress, and the summit is another massive positive.
Diversity Network Investments Limited now have a 14% stake. Quite a bit of cash is tied up, so I imagine they will be leaning on RP. An energy company that, by the looks of it, has a successful sales force in this heating sector may already be asking questions about the Sabien sales force.
Sabien seriously undervalues as a listed company but with a leader who has much to do to regain investor confidence. So let's hope with the results and raise out of the way, we find a bottom here and start to tick up again, supported by positive news that leads to additional revenue.
No regard for shareholders whatsoever. It is obvious why they went 300:1. I would be interested to learn more about Peterhouse Capital's involvement in this.
I hope that shareholders attend the AGM and give it to them.
That aside, indeed, from here, the only way is up. IMO even as a shell company, the MC is way too low. RP is not delivering. Let's hope, though, that changes, and he keeps us updated more often with any progress.