Member Info for isb1974

Anyone else getting slightly nervous that this just keeps dragging on?

No date given in the RNS when this is going to get resolved so it could be weeks, even months, possibly never!

Please don't let this be another disaster as I gambled on this and bought more a couple of weeks ago to bring my average down to 16p as I thought I stood a good chance of getting out of this.

My first buy was at a £1 (1p old money) so I thought 16p was achievable, but if this goes wrong the SP will be back at 2.5p before we know it, probably lower.

RNS first thing confirming a positive outcome on the court case and that our money has been released meaning we now have 20% share would be nice.

Nice jump in the SP to 40p based on that would be good.

Then further RNS mid morning confirming first shipping date of the iron ore together with details of an off take agreement for it would be even better moving the SP up to 60p

Then first thing Wednesday morning the release of the scoping study confirming the potential of Amapa raising the SP to over £1.

That’s only 1p in old money. Am I asking for too much? :)

I must admit It’s great for the future, but I would get more excited if the article was in relation to a new model of the Civic having super cruise and is due to be launched just after June 2022 :)

Surely within the next 12 months there must be some contract announcements which will cover the likes of Volvo, VW, Toyota, Honda (without stating names of course) - it can’t be far away because they all must have car launches planned for 2022/23 which are surely being worked on now.

Spot on - and as long as the auto revenue doubles year on year for the next 5 years because Paul has said it is locked in then the SP should respond accordingly.

Throw in an aviation deal, or some larger fleet contract wins and some new auto deals then the SP should be pushed up higher at a slightly quicker rate.

Only 23 months to go until June 2022

We haven’t even got 20% yet let alone 27 or 49%

Where is this podcast? Has Kiran answered a question with some info that can’t be released yet I wonder - perhaps around the 20% -but he is aware hence why he used it in his answer. Is it all ready lined up to be released after confirmation from the courts - let’s hope so.

If news on Yangi can cause a 30% spike in the SP and that is 6 years away surely some positive news on Amapá must spike the SP by more than 50%?

100% spike and I’m out - 5 years of pain is enough for me :)

So has it been delayed again or am I reading it wrong?

I’ve just remembered that back around October time, Paul talked about the use of the word imminent and said he wish he hadn’t used it. I’m sure it that same interview he said the aviation contract would be before the end of the year.

There was some discussion on this board as to whether he meant calendar year or financial year.

Clearly it was calendar and now with only two weeks left it looks like it’s not going to be the financial year either.

I guess he will blame it on covid, which is understandable but wouldn’t it be great if this week there is an RNS about Ford and then next week one about an aviation deal to still hit his target he set back in October.

I reckon that should get us back up to around 6p with those bits of news.

After all an aviation deal has got to land at some point surely!

So if in the next 4-5 weeks we get the following news, what do people realistically think the share price will move to? Is 25p possible?

1) News early next week about the banks and hopefully confirmation of our 20% ownership
2) News 3-4 weeks later regarding the shipping of the iron ore
3) News hopefully within 5 weeks of the scoping study to confirm to everyone the potential of the mine

I know there are suggestions of 40p+ but surely this can’t shoot up by 400% based on this news as there is still a hell of a lot to do to get the mine up and running including another fundraise which will surely hold the share price back?

I see VW have just released the Golf 8. Thought I’d see when the. Golf 7 was released, which was back in 2012.

So I’m guessing there won’t be a new Golf for sometime, which is a shame as a new Golf in late 2020 would have been ideal as large volume like this would be great for whoever wins the VW contract.

Am I right in thinking they now have until 2024 to either release the Golf 9 with DMS or update the Golf 8 with it in because in 2024 don’t all new cars have to have DMS and not just new models?

Still I suppose there will be something from VW being launched shortly after June 2020 so as long as we get in with them everyone will know that the Golf volumes will be heading our way, which I’m sure will improve the SP.

Surely we must get some news soon on either auto or aviation. It’s amazing to think people bought into this around 8 years ago at a higher SP price than it is today. Neither aviation or auto was even being discussed back then as it was just mining. If I can recall correctly it was even pre caterpillar contract days as well. I just don’t understand why the SP is so low with all the contracts we now have. I get we have been diluted due to more shares in issue but still ...

This is so slow and frustrating. I think we are approaching the anniversary of the famous “imminent” aviation license deal quote, perhaps we might actually get one during June to celebrate this anniversary :)

No surprise to me - only doing what most other companies are doing in these times - although it would have been nice to see it sooner. The company I work for put things in place about 6 weeks ago. Then again perhaps SEE did as this would have all had to be done with their employees well before this RNS.

I did say the other day that everything has just been pushed back 6 months, except the legislation date!

As most of the revenue is currently fleet it’s not surprising sales are down, but the next 12-18 months is going to be more about automotive coming on board whilst fleet recovers.

Even flight simulators are still going to happen at some point.

After waiting 6.5 years what’s another 2!

What’s happened to all those advanced contract talks with the Bdms customers?

What’s happened with the imminent license deals in aviation?

Prior to either of these weren’t SEE supposed to be close to a deal with an American rail customer?

What’s happened to 4 out of the 5 Japanese Car manufactures testing SEE - wasn’t that stated in a yearly report about 2 years ago?

There has been a lot of promise over the last few years, but unfortunately we are all still having a go at the likes of Steve because the share price is still not where any of us were hoping it would be and let’s be honest none of us are happy about that no matter how much positivity you show on here.

In fact in the 6 years I’ve been invested the last 2 months has seen the lowest share price in all that time.

As for cenkos, well they have never got anything right from share price targets, fleet estimates, aviations customer deals (why state those customers if the deals weren’t confirmed!)

The next 12-18 months is crunch time - if SEE can’t win major contracts with legislation looming for cars, buses, lorries and coaches then this company will never deliver.

5-7p during May - you are having a laugh.

I would love for that to happen but given how things have gone since February and now with Covid my thoughts are still around 2.5p or below by end of May.

Can’t see any news dropping in May because let’s be honest the only news we are waiting for are potential new license deals. The aviation ones aren’t materialising anytime soon, RFQ’s are not talked about anymore so we are waiting to hear news on license deals with people like Qualcomm, denso, Bosch, continental etc just like the Veoneer one. They will all be delayed due to Covid as everyone is looking to cut costs at the moment and not sign deals.

We aren’t going to get any major fleet news for months.

Sorry if this sounds negative but everything has been pushed back at least 6 mths as far as I am concerned.

cqcombat I'm sorry to hear that - you must have got in a few months before me on the spike up to 2p (or on the way back down of course) - to be honest given the positive news around at that time I'm sure I would have dipped in then as well it's just I didn't get to hear about it until it had dropped back to 1p - still sounded great though at that time with the Sonora project in Mexico that supposedly was going to supply Tesla's new giga factory just over the border with all it's lithium! Yes I got suckered in big time. I only wish I had never heard of REM and then heard about Cadence about 2 months ago :)

When you say you lost count you are probably referring to all the projects they have got into and then failed miserably in (on top of the name changes and consolidations), such as Greenland, Sonora, San Luis, and then the close shaves such as the one with Prem minerals.

If Amapa does fail we can kiss goodbye to this forever. If it succeeds who knows we might just get some of our investment back, but thankfully our CEO will still make loads of money as for some strange reason he never bought any shares until we got down to these low levels :) - I think that says it all really about the last 6 years

Lithium the next big thing (remember the curve our CEO kept banging on about!) and actually we are now banking on Iron Ore to save our arses :)

I thought the consolidation price was just under 10p? if it was then we still have some way to go to scrape past it :)

Thanks observer842 - I've read this board for the last 5 years and I'll be honest I get lost trying to understand some of your calculations and conversations with others, such as IvyBush, Bannor and Tomcat. You clearly understand it far better than I do so I am hoping you are right and my basic calculations are just too simplistic as you say. I am just hoping to breakeven and not even concerned about making any money out of this share now.

Yes we have a JV in part of the Yangibana Project that isn't going to be mined for another 15 years

Yes I get that - but iron ore spot price is currently at around $83 but from what I can see back in 2012 it was just under $150

So does this mean it's not really anywhere near £600m and will be more like £350 - therefore meaning $70 (20% ownership) and therefore circa $5 per annum over 14 years?

45p for me and then I'm gone - just really frustrated because I almost bought a load at 3p which would have dragged my average down to 6.6p - but I bottled it because I didn't believe Amapa was going to happen (like every other project they have invested in) and I'd done enough of chasing this share down from the old 1p (£1 in today's money). If only I had taken the chance i would be selling today to get out of this share - 6 years of suffering is enough. Still don't believe it will get up to 45p.

20% of £600m is a nice £120m but that is over 14 years of the mine i.e. about £8m a year - so if our mcap is currently £7m how much growth in the SP is there? Or am I missing something?

Profit taking - 100% profit from 1.5p - if I had had the balls to buy at 1.5p I would certainly be taking profit now because there is still huge uncertainty in the world. Wouldn't surprise me if this is back at 2p by the end of the week.

I would have thought it's going to be like this until everything calms down, unless of course we announce some new contract wins. Remember last weeks annoucement wasn't for a new win it was a revised deal for an exisiting contract.

I can't believe we are only 3 months away from being 12 months on since the famous "imminent aviation deal" comment.

I'm seeing a share price of 4.3p - I wish :)