Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It probably costs the company more than a grand to deal with the admin of the warrants, posting the RNS and all the paperwork. So the business probably loses money each time some idiot exercises that amount of warrants, D'oh!
That was the kind of point I was making, hopefully they know who the new mining minister will be, already have a relationship with that person and hopefully the person isn't an a*se. I have seen many scenarios in business play out when:
1. A new person comes in, doesn't have an ego and things progress as they were and in a progressive direction
2. A new person comes in, is a little insecure, thinks they have to make a name for themselves so end up shaking things up and going backwards for a number of years.
Let's hope we get option 1 and once again condolences to a relatively young man.
Interesting that they put this information into an RNS. Obviously very sad news to hear a man with 7 children has died at 51 years of age. I wonder who is successor will be and will they have the same desire and motivation to keep the cadence going in the country's mining sector.
When I see an RNS like this it does make me think there is an increased risk to the business. Ultimately if you spend time building a professional relationship with someone it takes time to start all over again.
Aye Kutzz, I hear you. I had to go into the wilderness for a while on this one. My recent top ups have brought my average down massively but this is fairly meaningless, it just means I have spent more money on this company. I can't see this purposefully moving until a major event happens. However, it is very difficult not to top up at these prices given the prices this company saw before the pump and dump of 2021. For the entire year of 2020 the share price did not dip below .002 and we seem to be in much better shape than back then, certainly from looking at old RNS items during that period.
Tim Posting on LinkedIn today........Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes and eventually stops increasing them, according to industry analysts. Spot prices of the precious metal have shot above $1,900 an ounce, surging by about 18% since early November as inflationary pressures recede and markets anticipate less aggressive monetary policy from the US Federal Reserve.
To Which someone then commented this:
I hold orr shares , been painful lately but very optimistic tim.
Jeez who exercises these warrants for £44 it probably cost the company about £400 to go through that exercise.
holders of Open Offer Warrants have elected to exercise 67,471 Open Offer Warrants. Accordingly, the Company will issue 67,471 new ordinary shares of £0.00002 nominal value each ("Ordinary Shares"), and £43.87 will be received by the Company as a result of the exercise of such Open Offer Warrants.
Aye beardozer, I took a bit of a break from the LSE, sad to admit it but I hold SYME, I posted on there for a while but that place is toxic. Occasionally I popped on here for a lurk but when I saw some of the news v SP I thought I'd invest a little into this and top up my holding.
Though I see my buys today came up as sells today, although for me to buy someone has to sell eh? Hope I'm not a jinx and all that.
Kutzz glad to see you are still here, you are more loyal than a puppy and you should be duly rewarded! Sorry to miss you in Miami had a good trip there in November! What part of the world are you in now.
Had a top up here today, first time in a long time. Diverted some loot from ARB into this. One miner (of sorts) to another.
Good to see the Directors with skin in the game. I appreciate that Tim with the largest share holding of the employees only represents a value of about £35K at today's prices but it's all about what the future holds! Still sitting on a sizeable loss with this share but managed to really average down and have a decent holding again if this comes good.
January & February two years ago was interesting, particularly when the AIM Nomad made the company send out a "Speed Bump" report to cool the share price. We never really recovered from that. There should be no such limitations now if we can get a decent run. There has been decent news of past and hopefully a lot more to come. In BOD we trust!
That's a shame, going to be there 29 Oct - 05 Nov for a conference down towards Miami beach. Would have been good to catch up for a Goldschlager, since that would have provided us with more gold than we've seen here in the last 2 years!
@ Mrninjazx6 Deteriminator is indeed a Barrister, he was on the Facebook groups before he got booted from one. Barristers tend to be better with words than numbers though!
So I wouldn't recommend following his investment strategy, that's for sure!
Man, I so want to see this thing go on an upward trajectory £4.33M market cap is so low. Be interesting to see how the future strategy pans out after last couple of RNS. Should at least have got the attention of the big guys, very few "Virgin" esque pieces of dirt left on planet earth.
It could be worse we could be holding POG. How's Miami Kutzz I'm off to Myrtle beach in 3 weeks speaking at a conference. Might be in Miami in July for another conference.
I don't think big Tim & team are on huge coin at ORR so I imagine they will want a big pay day out of this at some point.
Bed & ISA activity perhaps? Since market just closed on the old tax year. I'll be on the horn myself tomorrow to my broker transferring this from my share account into my ISA. 2033 could be my year!!
Am just curious Bob since we had some "wire frame" demos of their platform last year. My understanding was SYME had a platform to onboard customers and to allow them to log in and navigate around their environment. Doesn't appear like that. I can even log into Nandos these days and order some chicken!
I guess I'm just bummed why this is so stalled. After all AZ took the opportunity on "April Fools day" last year to deliver this cheeky message (the last line gets me)....
"Alessandro Zamboni, Chief Executive, commented, "2020 saw the groundwork laid for a number of business initiatives which have either been implemented or are close to fruition. We have also strengthened the board and senior management team with the appointment of a Chief Financial Officer and several highly experienced individuals to key positions. Despite challenging market conditions, SYME progresses towards the completion of its first inventory monetisation transactions. The proposed acquisition of the complimentary inventory "in-transit" business is continuing and, on a successful close would bring Supply@ME closer to its goal of being a leading global inventory monetisation platform. We aim for the positive revenue impact from several of our business streams to be reflected in the Company's next Interim Statement".
What happened to the options where investors would pull together questions and then ding them at the company who would then take a few weeks but answer? Is it because both the investors and the biz have become so weary of this long drawn saga?
One question I would like an answer to?
If SYME has a FINTECH platform ready for client interaction & investment , then why is there no "customer portal" on the website where existing or future customers can register / login? Are clients meant to telepathically login? Tradeflow has a "customer portal" on their website? How come no SYME?
I think for those of us who are balanced, days like this can provide a little wobble. Sure we know they are burning cash to keep the lights on but most have us listed to the propaganda coming from AZ that a cracking RNS was around the corner this time last year. Sure there are lots of complexities etc etc. But even the somewhat sunny optimism coming from the company seems to have dried up somewhat.
Aw well at least they are recruiting. It would be nice to seem some positivity from the company no need for deadlines that can't be made but there is a pretty senior and experienced team supposedly at the helm. We never really hear much from Tony B (other than he's in the the US) Susana C keeping a low profile at the moment.
The TF guys are active on LinkedIn and no doubt running their subsidiary but like I say it would be great to get an update from someone other than AZ. Sadly AZ's personal stock aka credibility is taking a bit of a knock here. So wondering if they can roll anyone new out such as the Chairman to steady the ship?