Firering Strategic Minerals: From explorer to producer. Watch the video here.
So for all your gripes simple, and I agree with some of them (which they have rectified somewhat in recent RNSs by including some numbers) at the end of it all, you also think we are vastly undervalued.
Great news and great summary MB.
Knigel I'm not sure simple is a non holder, reading his messages. I detect frustration that only a shareholder could feel.
Of course it needs clarity on what it means for profitability to the group but LVCG's revenue is coming from the management fee and share of the sponsorship, no? We had the Ocean Race aswell, so hopefully they can do a Trading Update soon covering both.
Either way, tickets selling out for an event you are hosting and trying to sell title sponsorship for next year is good news.
What did the post say, out of interest? Seems abit odd, I've never seen them censor stuff that was reasonable.
So based on that simple, Miton have finished trading?
In other news, looks like the 4th Frankfurt act is tbc tomorrow 8am GMT. Hopefully it is a big one.
https://twitter.com/K_FLEX_/status/1627231296291209216
Ok thanks, not far out then.
Yes the SP is abit depressing. There has been selling pressure to bring us down into the 2's, first from Ranjit and now it seems riverfort, with those big round trades. The fact buyers have dried up so quick at these levels does make me wonder if I am going bonkers!
They are partnered with some big fish KBS and SBS, have guaranteed income that makes a mockery of the marketcap and on top of that, further upside with merch and streaming. Plus the potential for more festivals to be announced. And that is just the kpop division.
Think I might switch off and let the behind the scenes games play out and who knows what else and hope the rerate plays out eventually.
Also when are they projecting the hit breakeven and what level of revenue will be? I am guessing £30m on a 30% margin?
The update the other day seemed ok and bids is back on my radar. Just a question....
Do we know monthly cash burn? They raised £10.5m in October and cash balance £8.7m eoy reported, so that is £900k per month cash burn, surely not? What am I missing, did they have the xmas party to end all parties?
End of year is supposed to be more heavily weighted revenue aswell? Old timers will all remember that phrase 'significantly second half weighted'!
I agree suedee, doesn’t make sense. Has helped to keep a lid on the SP. Hard to not be cynical as to the timing of everything.
dasalus there were prints at 2.99 this morning and the price has dropped unfortunately, so I would guess that means sells are outweighing buys this morning.
I wonder if the selling is riverfort's 1p warrants?
Agree Knigel on Jason Lee. It is clear why he wanted a big chunk of the pie, knowing some big doors were going to be opened. I see now also why the delay with the brokers note. If they'd released it before these deals, then nobody would have believed the numbers.
Amazing to think we are at 3p and £7m valuation, with all this recurring revenue, not to mention the partnerships with SBS and now KBS.
Well is that the biggest deal the company have ever announced!?
Rights to the live streaming seemed to have alluded them up until now, but really pleased to see they will have the rights for what is the biggest kpop market outside Korea. The streaming could be the big money everybody was hoping when discussing streaming last year. I refer back to MB10's post last night RE streaming in Japan.
And the recurring, license fees. These fixed long term deals are great and risk off for the group but are also manna from heaven for potential suitors, which fits the narrative of him wanting to sell up. I know he has stated this to shareholders going back a few years but convid would have thrown any plans like that back at least a couple of years.
He isn't popular but it can't be denied that DC is a fantastic dealmaker. Hopefully this is the beginning of an upward trend and shareholders getting a return for their long term support. I'm not sure he cares about being popular but nevertheless he'll have that aswell if he continues to pull all of this together.
Great to get some numbers in this mornings update.
"We are currently in advanced discussions to sign a Title Sponsor from this list for next year's race."
Electric is gaining momentum. The powers that be decided it is our future and it is all now coming into picture. Companies clambering over themselves to be seen as 'carbon neutral' and this is just beginning of the trend. I can easily see Formula E gaining significant momentum year on year, and with the 5 year agreement + option for a further 5 years, could be a very valuable contract indeed.
If you add or message me on Twitter - @JimmyStocks2, I'll see if I can copy/paste the link there
t . me
without the gap. lol this will probably be ***'d aswell!
**** where it is asterisked out
************* joinchat/L_MlCxswwzgCLGLxTDiuUQ
Link for Telegram group - **********************L_MlCxswwzgCLGLxTDiuUQ
I'm not sure how you join 212, will find out.
There isn't much info posted there in fairness. Just thought that message was worth posting here.