Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Spot on Seeing2030 - it's Paul's comments that gets everyone excited, but what he says tends to never happen. He is either doing what CEO's do which is ramp how well their company is doing or things are just being delayed all the time. You mentioned two examples (model announcements and Nov RFQ's), but there are numerous others including the "significant and imminent" aviation deals.
I just hope his comment about the majority of the $900m RFQ's being confirmed within the next 3qtrs doesn't end up being another, but like you I believe we are a long way off 20p and unfortunately have another 2 years of this positive spin, lack of contract announcements and therefore disappointing share price.
It's a shame because I did predict 18p at the end of this year back in Jan, but I am now thinking that was too optimistic given the dearth of news on all fronts.
Iamrich - how is that any different from rampers saying the deal is imminent and they are buying at 29p enticing others to buy at 29p?
How do you think people who bought in at 29p feel now at nearly 50% down thanks to those rampers who try to make out they know what is happening in the courts, or domain names being purchased trying to suggest the deal is done!
How long have you been saying the deal will be done within 2 weeks? Must be 15 months! Shows that you know nothing and are just misleading people!
Why do you think I want a warm welcome?
Just reminding people that the aim of investing is to take your profit and not listen to rampers on forums like this.
As for being rude I think you have just described yourself Y!
15p will come, it’s obvious, take your profits now before Amapa goes the same way as all the other projects - how’s that project going in Argentina? What % do we own of EMH now, didn’t that used to be 20%? Didn’t we own 20% of some lithium in Mexico that was supposed to have a plant built about 3 years ago now?
The list is endless - take your profit now before it’s too late
Sold out back in June Y - best thing I've ever done, just thought I'd pop back in and see how things are going and noticed all the rampers still spouting their rubbish whilst the share price is plummeting and still claiming to be adding more. The amount of times they have said that they must own 75% of the shares between them.
I see you are still being pleasant to other posters as well
15p by Friday as people sell their profit (after buying below 10p 18months ago) before it dwindles too much and the realisation that nothing is happening with the Amapa deal for the foreseeable future, whilst iron ore prices continue to fall.
The most logical thing to do is sell and bank some profit
Completely agree. They need to get a bloody move on with some news.
Like you say at least start announcing fleet revenue news if it’s growing.
A bloody tweet isn’t going to get the share price moving and it’s no better than rampers on forums.
Time to deliver some actual real monetary news.
I’m also hoping for some forecasts for significant revenue growth for this coming year at the end of Oct when they announce full results from last year.
In January half year results presentation Paul implied that it would be good to remain a shareholder over the next 12 months if I can recall correctly- well 9 months on and the SP is lower than it was in January!
So SEYE are capable of achieving a five star encap rating with their DMS - I was kind of hoping they wouldn’t - so from a legislative point of view there is nothing really between SEE and SEYE - therefore could boil down to costs for some OEMs
S7
It will be mandatory in 2024 so I’m guessing those OEM’s will be working on it right about now given timescales in automotive
So when SEE start announcing new wins over the next year together with announcements about new models for Ford, BMW, GM etc then I guess the SP will rise well before it’s actually mandatory.
The pipeline will be there together with interest fuelled in the sector by more news about legislation in EU and USA over the next 12-18 mths.
Good job SEE have the market covered with all the Tier 1’s we have partnered with ie Veeneor, qualcomm and the likes of omnivision and Magna
Aren’t Magna targeting fleet in a big way at point of manufacture- that market might suddenly become very lucrative- hardly a failure
Just buy back in as your window is closing
Yes you and me both seeing2030 - I wish I had sold at 12p just the same as in 2018 - however I assume you didn’t for the same reason as I didn’t, which is the fundamentals are getting better and better all the time.
Revenue growing
Fleet growing
First aviation contract but more importantly working with 2 majors in the industry and with no serious competition
Now 2 OEMs in the public domain - GM and Merc
3 OEMs likely to be announced before year end - BMW, Ford and FCA (Jeep)
All 5 of those OEMs will roll out the tech into more of their cars - 30 in GM by 2023
Deals with Magna, Omnivision and Qualcomm none of which we had in 2018
Integrated in Qualcomm snapdragon 4 which means any win for them means a win for us - they will win something as they are not developing snapdragon 4 for it to bomb and sell nothing
EU legislation closer than it was in 2018 and US legislation looking likely
We must have won an OEM in Japan as we have employed people specifically to work with a customer in that region
I’m sure there is more - unfortunately as everyone knows we are still really at the beginning and we are 2-3 years away from significant revenue and profit and that is why the market will play games with the SP whilst it can
So given they have not acknowledged marlin V was the 4th shipment that means no shipment in June.
Didn’t they say they were going to try to increase the shipments to 1.5 per month not 0 a month?
Time for some more tweets about the iron ore prices and time to role out Alan Green again because for the next two weeks during June all that’s going to happen is a drift in SP as people begin to think this is dead in the water and sell up, probably even the rampers.
In early September 2020, we announced that DEV, Indo Sino and Cadence had agreed in principle to the settlement terms proposed by the secured bank creditors (“Bank Creditors”). We understand that two of the three Bank Creditors are awaiting credit committee approval while one has already achieved this.
Versus - let’s just use Covid as an excuse... even though this has been dragging on since Sept 2020
In early September 2020, we announced that DEV, Indo Sino and Cadence had agreed in principle to the settlement terms proposed by the secured bank creditors ("Bank Creditors"). The investors and DEV remain in constant communication with the Bank Creditors and all parties are aligned to finalise the agreement. We have been informed of some further delays with two of the banks (based in India), whom are experiencing staff shortages due to the COVID-19 pandemic.
So I know that it says this in the original RNS as well but I’ve only just clocked it.
So according to the RNS the first two shipments covered 3/4 of the $10m for the creditors - so based on that the 3rd shipment should have covered the remaining $2.5m
So why haven’t they announced that stage of the project has been completed?
And what about the 4th shipment Marlin V which they haven’t even acknowledged and why did they change the June presentation to read 3-4 shipments when clearly based on that RNS 3 shipments would have easily covered the $10m
Clearly many lies being told one way or another - beginning to wonder whether these are get out quick signals before they announce it’s all fallen through.
Or are they covering their ass as ship 4 has already gone ie Marlin V and the one at the end of June is ship 5 - no hold on that can’t be the case because their reply to me was that they would announce as and when shipments are done to the market and not sneak it into a presentation - their communications have turned into an absolute dogs dinner since the 2nd shipment
Staggering - they have been saying 2-3 for weeks if not months and all of a sudden they change it to 3-4 - do they have any idea how much profit they are making from each shipment?
So now they are saying ship 4 at the end of June is still part of the initial shipping which doesn’t need the settlement to be done - are they implying that the settlement is delayed further as there is no mention of when ship 5 is due!