Member Info for JDF7

If the BoD is confident, I would expect to see substantial buys. It's quite odd that their holdings are minimal and far below that of many private investors here. But I suspect we will see a cash-raise RNS before we see any stand-alone Directors dealing RNS.

What you call negative, I call balanced. But we each have our own risk-tolerances and experiences with commercial contracting. Good luck with your strategy. I'm content with my 3% in here.

News on partnerships or Tier 1 agreements without any official hint on financial parameters of such deals inevitably gets dismissed by the market. The financial content of deals matter - whether it's a mortgage, employment contract or VPP service agreement. Does MIRI have strong pricing power when it is negotiating with a Tier 1 partner who clearly will know the cash and low revenue situation of the company across the table? Do you really think we have to wait until September for official news on the extent to which these agreements and partnerships are earnings generative?

A poor-quality trading update, in my opinion, but it confirms my suspicions that revenues hadn't been turbo-charged in 2023 nor costs greatly reduced. Shame they again were not confident to share any overview of the potential financial contribution of "agreements (but that won't stop the delusional "this should be at least 3p a share" and "this is an easy 5-bagger" posters).

LL, agree with you that the market is signalling its view in the absence of hard financial performance updates. I hope a clear and positive update will come. Feel comfortable with my decision to limit MIRI to 3% of my portfolio

Jarv, I hope they do lay out a fair bit in the trading update or at least speak explicitly to the financial range of different factors such as expected revenues, level of costs and cash management. The share price will get hammered if at this stage they just regurgitate how many agreements with big channels or brands they have without outlining what that means for their drive towards profitability and earnings. But I could be very wrong. In and up but not adding further.,.

Few and low value trades today. Still waiting for a breakthrough RNS that can assure the market that MIRI is on the road to significant near-term profitability. "Show us the money".

I suspect we will have an RNS to let us know when all the permitting has been secured and a rough time window for the respective drills for Liontown and MILA

I'm looking forward to an RNS where MIRI formally inform the market of its expected revenues and in what timeframe, and juxtaposed against the company's de facto and expected costs. I hope that the RNS will be clear, measured and yet positive, and will go some way towards the market re-rating MIRI's sp upwards.

Selector, this $25m Tier 1 pa figure is not what MIRI itself will receive. If I remember rightly, it was MIRI's view on what revenues on average VPP could pull in for Tier 1 channels from brands/advertisers. At the end of the day, it would be good to get a sense from MIRI on the nature of their agreements with Tier 1 partners, that is, the financial payment levels, any conditions around triggering payment and duration of these agreements.

2phevs, you should be careful what you assume about others, especially given your posting history. I'm not disgruntled, nor am I caught on a spike - quite the opposite on both counts. I am just someone who prefers solid financial facts much more than speculation and hype. "In and up".

Let us see an RNS that gives us a clear read-out on the financial implications of recent agreements and likely revenue, actual costs and cash-levels/burn. Less hype and more hard-edged financial clarity

Bentley, what do you consider a realistic valuation of MIRI?

Do you have any intel on how much profit they are making off their "agreements" or what has happened with their costs in the last 6 months?

Let us see what progress PRSR makes with growing its portfolio and profitability in 2024 and how the market may reflect ( or not) its prospects in the share price

Bentley, we are all hoping the BoD will indulge us with a trading and financial update, and do so sooner rather than later.

As you said, let's hope they are not yet another small company that signs endless agreements with larger entities but fail miserably to be profitable and cash-flow positive

Stampee, as yet we do not know any financial dimensions of the "agreements". Everyone will have their own view on how weak or strong MIRI would be in a financial negotiation with a Tier 1 partner. I personally suspect that the terms are nowhere near as lucrative as some dream on here and I also fear MIRI's costs have not been brought under control as much as the Board hoped. I hope I am very wrong and that MIRI issue a clear update to the market soon.

With no details on the financial parameters or conditions of the contracts, nor any updates on MIRI's revenues or costs by RNS, the market is obviously being very cautious even sceptical and that is reflected in the share price. "Show me the money.."

Buydip, they'll be wanting to update the market about their cash runway at least. I see this heading easily towards sub-1p in the absence of an update. I want to have your faith that this can 5-bag to 10p on a great update but....

Just re-read the Oct Results RNS. Let us see how quickly Liontown complete their social and environmental surveys and preparations, and can proceed to some initial drilling. And what results on the lithium and gold front it yields.