Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Phil did mention in the presentation that he thought it would be difficult for a takeover offer to get voted through due to the large shareholdings of Bosch and Weichai. If either Bosch / Weichai however wanted to make a bid, then who knows...
Its fantastic news that the NED's are buying.
Annoys me when people complain about the £'s purchased. The 2 NED's have bough £45k/27k respectively. These are not huge amounts but they may will already have money invested elsewhere and probably have NED positions with other companies. Just because they are NED's it does not mean they have 6/7 figures lying around under the sofa with which to go balls deep on every company they're associated with....
Solid points as ever Savvy.
Investor call link below for those not seen it:
https://youtu.be/OGcUbUAgsqE
Did you watch the presentation Pony? Please do if you haven't already. The deal pipeline is very strong and I was also impressed with the explanation of how well the IP is protected.
Of course doubling in 2024 does not mean doubling in 2025 but i think Ceres are on the right track again with their technology. The fast expansion hit a blip over the last 12 months but it now seems the growth story is back in play here.
Yes Pony, facts are important here’s a few important ones:
Even with royalty revs from Bosch / Doosnan delayed, the CERES revenue will still DOUBLE THIS YEAR
Delta deal worth more than the China 3 way JV
China very probably still continue as 2 way with Weichai (easier to close deal quickly)
More deals in pipeline as detailed by management in presentation
Global commercial team has greatly strengthened with more locations
SOEC market is huge and DELTA have validated Ceres SOEC offering.
Yes and also worth mentioning how PC alluded to the difficulty of 3 way deals in the prezzo. If now we are talking 2 way with Weichai (existing deal with Bosch obviously already in place) then it means terms can be agreed much quicker.
Nice reversal so far. Seems there are many researched people out there buying / adding in this mornings weakness.
The potential of the business has practically doubled with SOEC and that has now been validated by Delta. Revs to double in 24. More deals (including new ones) and revs to come in 25 upon factory’s being online. Plus a China deal with Weichai will still happen IMO.
Https://x.com/n4pharma/status/1750092298270941486?s=46&t=8sZkNZm7bOgIzay-ij0-gA
Shame about the JV not moving ahead in current form but the Delta deal is worth more and it sounds like a deal with Weichai alone is still on the cards.
Set for revenues to double in 2024 even at this early stage of the year based on current contracts.
A few years ago it was all about the JV but Ceres have so much more to offer now with new clients / potential future clients and also the SOEC side of the business (now proven up) that is a game changer.
The Delta deal came from no where and surprised the market. In the prezzo, PC said i quote ' CERES will continue to surprise people this year'.
The global commercial team has been greatly strengthened with new locations so there 'should' be much more traction on the deal front.