Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How many times have we heard posters here say that they think the bottom has been reached? I remember posters saying this above 2p, again at 1.65p, even more recently at 1p and 0.9p!
PI, there is nothing here that suggests a refund, even a partial one, never mind compensation. Lemu are only mentioned in relation to a maintenance schedule. I really hope that they are not continuing to try and get this operational.
And they can't even tell us that the machine is working! When was it delivered - January?
I thought the last RNS was dreadful, but this is worse. Confused strategy, clearly unable to attract a CEO of any calibre, no sales, no FFP2/FFP3 masks, a five ply mask that isn't being marketed... The best they offer are a few 'ideas'. Why is the market cap so high?
In fairness, he talks more sense than you. Your reaction to the latest dreadful RNS was that you were pleased with it! Desperate and embarrassing!
"Dr" Micho has been ramping the name change. It's the best he can come up with after that dreadful RNS!
Fundamentals may not have changed, but that doesn't mean the previous valuation was correct. Prior to today I thought 0.5p was fair value, but after this RNS I can see this going lower still.
Agree that the lack of mention of Voltz in the business update is startling.
@seaman, the concern here about the new ceo is that they are clearly struggling to attract the right sort of person - the need for a new incentive scheme is to attract a ceo, so after months of looking they still aren't close to getting anyone. What the dilution will be of the new incentive scheme, who knows.
The fact that the only positive thing Micho can talk about is the name change says it all. Very poor RNS.
Micho, your post made me giggle. "Somebody knows something". Have you seen the SP movement? Unfortunately the market cap cannot be justified and then rampers are simply underwater trying to create a spike to exit.
RMS admitted that masks were too expensive before people were vaccinated, so unless the price per mask drops substantially, I can't see large sales volumes with the majority of people vaccinated.
The market cap is still way too high and a lot of downside risk from here. It's incredible that some posters here are still shouting 10p and others claiming to have stopped up. While I understand that many posters here are deep underwater, didn't they learn enough to get out on the last spike?
Money in the bank - but what is the burn rate? - and £80k in sales. What do we think of the track record at bring new products to market? IMHO value is a lot lower. DYOR
You've claimed to have filtered most of these posters, so not sure what you are reading.
I wonder how much they've lost because of filtering out those who were trying to warn them?
Poorinvestor, this is far more likely to see 0.5p than 5p. There are no sales, some vague mention of new ideas (but nothing that we could describe and certainly no clarity about route to market), and concerns about how quickly they are burning through cash.
"I think the bottom of the SP has been established." Thanks for making me giggle. We also heard that recently when the SP was 1.3p.
Your post made me chuckle. So now the line is that news was never expected before end of May? Always pushing news to just over the horizon. It's been like this since October.
On what basis have you narrowed it down to Friday/Monday?
Except the CDC requirements are that masks are changed between patients. This was a requirement pre-covid so, even though the p2f masks kill covid within five minutes, this requirement wasn't introduced in response to covid. So, the question remains, is adopting p2f masks worth the additional substantial cost when covid rates appear to be decreasing?