Member Info for isb1974

Sorry meant new production in 12 months time

To be honest even making decisions based on what CEO's state in RNS's is also just basing your investment decision on a CEO's guess, and usually unsubstantiated positivity.

This is what they said in an RNS in August 2019, yes a full 15 months ago! how can they get timescales so wrong?

According to this we should be in full scale production in 12 months time. Will they ever deliver?

·; The sale of approximately of 1.39 million tonnes ("Mt") of stockpiles currently held at the port owned by Amapá. Planned shipment of stockpile commencing in December 2019.

·; It is estimated that these stockpiles have a net realisable value of approximately US$ 60 million, which will be reinvested in the restart of the Amapá Project.

·; Further capital investment of approximately US$168 million, of which it is estimated US$61 million will be spent on port rehabilitation and US$47 million to be spent on plant recommissioning.

·; Rehabilitation to be completed by the end of 2021 with new production in 2022. Full production by 2024 of 5.3 million tonnes ("Mt") of iron ore per annum.

No chance Maddog - they’ll keep tweeting about the rise in iron ore prices and the increase in demand from China, particularly from Brazil - that will stop the SP from going down ...

And then if that doesn’t work they will role out Alan Green again!

Price at close on 31st Dec:

Strummer - 1.2 GBP
Deepbreath - £1
Isb - 15p (no news on Amapa 20% before xmas with one more tree shake and a steady rise back to 15p)
Maddog - £5
Dickpullar - 63.5p
Cbax - 95p
Genghis15 - 30p
Deepete - 28.75p
TheITCrowd - 25p
MyLastQuid - 8p
The Reverand - 26p
Daceon - 63p
Mr James - 1.015 euros
Cause - 50p with year high of 70p
Kievsky - 45p
Nookie - 30p with a 2 day high at 48p
Cmsammy - 25p with a spike of 55p on 20% news
Masterbaker - £4.76 plus nectar points
Ericthered - 98p plus 500 green shield stamps plus 500 Embassy coupons. I've been here a long time folks!
Bobbybullet - 43.34p
Makemorekoney - 51p
HedgeHogarth - "temporary suspension"
Legalease - 99p
Hawkspear - 86p
MerMillions - 41p
Majorboy - 21p

That could be a very good guess Majorboy!

As it's been raised on the board today here is a reminder - shame it's still missing some guesses from the resident experts/rampers - as it's just a bit of fun by all means add your name to the list if you haven't yet had a guess.

Price at close on 31st Dec:
Strummer 1.2 GBP
Deepbreath - £1
Isb - 15p (no news on Amapa 20% before xmas with one more tree shake and a steady rise back to 15p)
Maddog - £5
Dickpullar - 63.5p
Cbax - 95p
Genghis15 - 30p
Deepete - 28.75p
TheITCrowd 25p
MyLastQuid - 8p
The Reverand - 26p
Daceon - 63p
Mr James. 1.015 euros
Cause - 50p with year high of 70p
Kievsky - 45p
Nookie - 30p with a 2 day high at 48p
Cmsammy - 25p with a spike of 55p on 20% news
Masterbaker - £4.76 plus nectar points
19/6p plus 500 green shield stamps plus 500 Embassy coupons. I've been here a long time folks!
Bobbybullet 43.34p
Makemorekoney 51p
HedgeHogarth - "temporary suspension"
Legalease 99p
Hawkspear 86p
MerMillions 41p

DR777 - I did consider those as well, but I didn’t want to highlight too many things.

I’m also being a bit unfair because there is probably a very valid reason for these things taken longer.

Aviation has clearly been delayed because of Covid and those RFQ’s I would imagine have perhaps moved from a basic DMS to a more integrated system in infotainment systems or mirrors etc... which is why they haven’t materialised yet. As for BDMS well I suppose people have just realised full autonomy is years away:)

Delays are always frustrating but it’s got to come at some point.

I’m still under the impression that although NCAP has been pushed back the eu leg, which got approved this Jan (if I remember correctly), still has a date for mid 2022 for new models for DMS.

Therefore, I would imagine most OEM’s have new models coming out in 2022 so surely we must start hearing about those soon in terms of OEMs using Qualcomm, Veoneer, Denso etc...

Been invested for 7 years now and would have preferred it to have already multi-bagged but still got a few more years yet to work to qualify for full state pension so anytime between now and then would be nice so I can retire as soon as I qualify. Got to make sure I get as much back from the gov as I can considering how much tax they take from me. Although who knows what the state pension will be like in 20 years time! I’ll probably have to keep going into my 80’s before they dish it out!

As long as we can get to Friday lunchtime around the 5.6p mark we should be ok - if the pattern continues we may well then finish the week on 6p :)

Without wanting to be shouted down for being negative - let’s be honest any decent CEO is going to state that their new strategy is working even if things are a bit slow.

I’m not saying he is lying, but he is marketing the company and its products.

The proof is in future RNS’s, hopefully within the next 3 months.

I know others won’t like me saying this but remember the several negotiations we were having with customers for BDMS, remember the imminent aviation contracts. Yes we have finally had an MOU but it’s not quite what we were hoping for ie a license deal worth £??m and nothing about CAE yet even though that was mentioned by cenkos probably nearly 15 months ago now.

Oh well, it's just a case of waiting now anyway until those RNS's roll out.
KK is hoping for 12-15p within the next year

I'm not so sure -
"Its an open forum so anyone can join, LSE and ADVFN people have had plenty of opportunity. So no need to post stuff from here"

Looks like a few regular posters on here have now moved over to Telegram - posting on there rather than on here over the last 2 days.

One even suggesting that last nights issue with this board was because of sharing some research from telegram which LSE didn't like - there suggestion was best not to share on here

I find this a shame as potential new investors are likely to visit here or ADVFN as they won't be aware of the telegram group. This board will go very quiet compared to what a new investor might expect for a company that is apparently about to take off.

For those who haven't joined telegram there is a second ex SEE employee joined. I must admit I would be a bit weary of who can join and what they can post - at least LSE has some admin rules and they are not based on an individuals share holding position in the company.

Ever thought those LTH may not be in a financial position to average down at the moment?

Ever thought those LTH holders may have put more money in, but it has still only got their average down to 40-50p due to the amount they put in in the first place 6-7 years ago?

Ever thought those LTH don’t want to average down as it would mean putting in yet more money that they are not willing to lose? Yes it looks a good possibility that Amapa is going to come off but nothing is ever certain until the contract is signed.

If LTH did plough more in and then it did go tits up, you wouldn’t have any sympathy for them then either would you because ultimately it wouldn’t effect you as you would bail before it had such a negative impact on your entry point.

Just stop lecturing LTH and think yourself lucky you got in at what looks to be the right time and stop rubbing their noses in it.

Great post Bannor, but there really is no point arguing with the experts

Jimb2 - filters people who have a different opinion to him and then insults them - what a personality trait that is.

If you are so clever why are you still here trying to make money from shares - surely you have already predicted many scripts on how companies futures were going to pan out and made your millions so you can chill out on a remote island and don’t have to listen to people who have different opinions to you?

Jog on iamrich - you are not only a newbie but one of the biggest rampers.

How many times have you predicted it’s going to go boom in two weeks - you have been saying that since August!

I suppose if you say it every 2 weeks you will be right at some point, unless of course things go disastrously wrong, which is still a possibility, all bit it a smaller one.

I’m not deramping I’m just keeping my feet on the ground.

How’s a guess of 15p deramping? I just don’t think the news is coming before Xmas

Chill out olderandwiser - no need to go straight in throwing punches - I have jimb2 for that.

Why did you post it twice thought you were olderandwiser?

Yes you are right I am a bit ****ed off that after six years of s h i t I’m still under water, I just don’t like rampers or newbies who go straight in for criticising LTH - just think yourself lucky you seem to have got in at the right time.

Unlike all those people from 6-7 years ago who got caught up in the ramping of the 5p party

Nope - obviously Joe has just gone a bit crazy with the copy and paste

I like what Maddog has done to be fair - he’s gone for the old 5p party

Price at close on 31st Dec:
Deepbreath - £1
Isb - 15p (no news on Amapa 20% before xmas with one more tree shake and a steady rise back to 15p)
Maddog - £5
Dickpullar - 63.5p
Cbax - 95p
Genghis15 - 30p
Deepete - 28.75p
TheITCrowd 25p
MyLastQuid - 8p
The Reverand - 26p
Daceon - 63p
Mr James. 1.015 euros
Cause - 50p with year high of 70p
Kievsky - 45p
Nookie - 30p with a 2 day high at 48p
Cmsammy - 25p with a spike of 55p on 20% news
Masterbaker - £4.76 plus nectar points
19/6p plus 500 green shield stamps plus 500 Embassy coupons. I've been here a long time folks!
Bobbybullet 43.34p
Makemorekoney 51p
HedgeHogarth - "temporary suspension"

MB - I'm sure you will get higher guesses if those who have been saying for the last 6 months "it will be sorted within the next 2 weeks" or "we could get an RNS any day now, even possibly today" actually have a go

So far it looks like most people expect news before Xmas i.e. in the next 6 weeks - fingers crossed because I'll be happy to be wrong

No they are investing to make people like you think you are going to get rich - and they are using your money to do it so it isn't costing them anything