Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don't be hoodwinked by this lot.
Let the likes of Miton, Gough, etc hold their new 10p shares through to the release of the interims, at which point they'll be lucky to get 5p or 6p for them IMO.
Another order from IntelliSmart isn't going to help the SP for any length of time.
We've got millions of shares waiting to be dumped at 10p+ and nobody who's prepared take up the slack. I've got a bit of money in the bank right now but I'm not going to waste a penny letting this lot off the hook.
Will they be able to get any news out that trumps the disastrous first 6 months of trading of FY24. I'm not sure. The news would need to be extremely positive.
Hi tonyj
Why haven't they said how many units they've shipped in Q2 FY24 re their Genus contract? There's no excuse, particularly when the SP was/is tanking. They should be doing whatever they can to help paint as positive a picture a possible.
IMO, there isn't an entrepreneurial bone in the building, they're all geeks. Nothing wrong with geeks but they're just losing money hand over fist. They've absolutely nailed that.
Perhaps a new BoD might help.
Hi Vascular
If things were moving along smoothly with Genus, a further 100,000 units or so should have been shipped during Q2 FY24. There's no reason for Cyan not to have provided this figure.
Perhaps, it just suited them not to - let the SP fall and then help themselves (and others) to loads more shares on the cheap.
Or, the 1M Genus order is all that they are going to get.
The truth will all be flushed out eventually.
If I was a betting man, I'd go with Genus dumping them.
People can do all the digging and poking around the web that they like but it won't make an ounce of difference. Cyan will release Cyan news and whatever they say (regardless of how they spin it) will ultimately make its way into the accounts.
Generally, by the time the news released by Cyan finally makes it into the accounts, it's not what it seemed, it's worse.
Looking forward to the interims (6 months to 30/09/2023) and having a poke around them - due anytime up to 31/03/24 but of course they could be late. They're good at late.
To call AIM a 'market' is a misnomer.
It's got nothing to do with supply & demand. Using Cyan as an example, the 'Money' gets as many shares as it wants, at whatever price it wants to pay and it's all facilitated by a BoD who appear to be in cahoots.
What appears to be good news comes and goes, having no impact on the SP. It's all manipulated to the hilt and I blame the BoD.
It's a grubby old business.
As the BoD don't know how to make a profit, the repayment of this loan should be prioritised. Rather than using cash to buy stock on which they consistently make a loss, repay this loan and make a 20% 'profit'.
As if anyone on board would have the nerve to raise this - it's pathetic.
I guess we've now got to endure the 15p warrant holders dumping their millions & millions of 10p shares as and when they can.
That's going to take a seriously long time while the max that can be sold is 15K shares.
This is turning into quite a sh**show.
Heigh-ho.
Hi tonyj
IMO, the market does not believe that Cyan has an ongoing commercial relationship with Genus.
If JC, HP & DJP plus a few more of the recent placing investors know differently, JC should notify the market that the working relationship is sound. He doesn't need to talk numbers, just a little reassurance would suffice.
This endless silence on the Genus front is costing shareholders a lot of money and might have created an extremely nice opportunity for others too.
Attempting to distract by talking about everywhere other than India simply isn't washing.
If trust could go any lower it would.
An effing hopeless way to run a company. Little wonder it is pushed from pillar to post - Cyan is probably a laughing stock in India.
Have a fun weekend.
ITT
yesterday's rns says:-
in addition to the above share options john cronin and heather pea**** currently hold the following shares in the company's jsop blah blah blah:
john cronin & heather pea**** grant date - 10/11/21 / expiry date 10/11/26 @ 0.145p
however, the 05/07/21 rns (restructuring of share incentive arrangements) says:
these awards are expected to be made as soon as practicable and shall vest as follows:-
33% of the new 14.5p options shall vest immediately, 33% vesting after 12 months and the remaining 33% vesting after 24 months.
that's 3 years, not 5. shouldn't they be expiring in november 2024 at the latest, not november 2026.
have shareholders been notified of any 2-year extension?