Member Info for JDF7

LLumax, couldn't agree more with what you said: "What we need is a Tier 1 sign up with some guidance on revenues for next year in the next couple of months. Everyone knows cash runway until next summer and finance needs sorting 6 months ahead (rule of thumb to get decent terms) so hopefully a news-rich period coming."

No, Battersea, just on blind faith in the stupidity of US private equity and someone's view that this high-tech comms stuff should be grabbed-up at whatever price

£5 and below is a distinct possibility, given their position and broader market sentiment. Let us see if LIO can stem the outflows and somehow beat the malaise around equities performance at the mo.

Does anyone has access to the premium section of the FT. Saw the headline questioning the success of Albemarle offer for Lionstown because of a holding by some PE guy?

I have hopes that this will rise to £14+ at some point!

Just adds to the point that any future Tier 1 contracts need to be highly cash generative and profitable. I want to believe MIRI can conclude any negotiations from a position of strength, not desperation. Today's RNS doesn't instill confidence in their confidence!

It seems 8 new holes in the North will be drilled. Didn't realise that the 6 previous holes we are waiting for the assays of where focused on areas of thinner mineralisation. Good to know they are being approached by a number of potential partners but now have stronger funding and should be able to make non-desperate decisions

2phev, excuse my typo, but you will know that MIRI have NOT yet delivered a contract with a Tier 1 client. They have previously given the impression that they are working with multiple Tier 1 groups and may land more than one contract, so why they are worried about losing talent at this point and have reduced the sp target for vesting to just 3p is not a good sign for me. Thankfully, my investment here is modest and at the 1.7p level, so I'm not losing sleep but neither am I drinking KoolAid without any counterbalancing possibilities

This RNS is is a red flag for me. They have delivered a contract with a Tier 1 client and are already worried about retaining talent ( i.e. the people who supposedly should already know potential wins are coming).

People manage and readjust their holdings based on many things. I remember people losing so much money with the likes of MCLS and CLLN as some people shouted of the incredible opportunity to buy them at low prices. Nothing is guaranteed, hence the wisdom in some diversification of holdings and not being over-exposed when a company has promise but hasn't delivered hard contracts and positive earnings.

Not sure if deals are "on the table" buy the sp ihas been steadily declining as we approach Q4, no? Let us see if a RNS on a Tier 1 partner or two arrives and whether it gives an detail on the financial terms.

Ahead of the interim results in November (which surely are going to show continued outflows?) it would be good to hear from management on the strategy for growth and diversification, given the failure of the GAM acquisition and the over-reliance on Uk equities (which are out of favour by LIO's own admission)

Well done, CML. Hope the acquisition will be value-adding/earnings-generating.

"Recent events stacking up as factual proof..." Steady on! There is a long and ongoing list of companies that have promised/suggested they would land a major contract with a Tier 1 company in their field but who spectacularly failed to do so. If and when the RNS comes, that is the "proof". And will be welcomed.

The animal spirits of the market are not convinced of the potential or expectations of MIRI. They want, as a start, to see if MIRI can land a hard actual contract "with at least Tier 1 customer by the end of the year". Facta non verba - Deeds, not words.

Who are they and what's their form? Taking a 5% stake or am I misreading the RNS?

I wonder when the RNS of the assay results will drop..

I'm in for a first nibble at just under 70p. Let us see how much rental market fundamentals and management discipline trump market sentiment

Back under 2p again. Let us see....

"Facta non verba". Let MIRI now get some big, bold revenue-generating contracts signed, not make endless chatter and claims of potential.