Member Info for K3VMC

ELight gets 20% off distributors prices. It has 4 manufacturers competing for its business.

Moneymunch

“ I'll need 8.5p to break even on my 30m bought over the last couple of weeks”

0.3p is 9p, in theory, post consolidation.

The addressable market is £25bn and growing. Just our NHS spends £540m per year. Earlier this year it paid for LED upgrades, but from now on, it won’t have to.

https://luxreview.com/article/2019/03/nhs-awards-led-lighting-upgrade-contracts

I doubt that Harvey Sinclair’s plan is to run this market leader, only to have the sp stay at the placing price!!!

https://www.linkedin.com/pulse/elight-unlocks-54878-national-oilwell-varco-zero-capital-sinclair?articleId=6451015075175100416#comments-6451015075175100416&trk=public_profile_article_view

“ NOV can expect to save £185,363 over a five-year term, as a result of an eLight upgrade to LED lighting equipment across the manufacturing and production sections of the site located in Gloucester. Not only will the project result in significant cost savings, the upgrade will average net savings of 42% annually and a total carbon reduction of 909 tonnes CO2e over the project term.“

Customers get an improved lighting environment PLUS. A massive saving in electricity bills PLUS avoid CO2 emission tax of £16/tonne.

Harvey Sinclair says some of their education clients signed up, mostly through pressure from their students.

There is NO point in harking back to the old AXM! Gone. Dead. Buried.

Mr Sinclair has a track record in buy and build. There is a £25bn market place, and growing. You may well be as cheesed off with the old AXM as I was, but this deal has changed my holding from a write-off to a right-on.

Existing holders are silly to close their eyes to this market leader.

All imho.

Troajan, could have been either of us.

I’ve walked that area twice. The first time, there were obvious thick veins of scheelite. if the tin grade is 30%, as that article states, that explains why the veins were so obvious.

The second time was with safetyman and others. Both times, there were surface clumps of scheelite.

I’m not sure that these assets are in the JORC.

All good.

DB.

Nobody cares.

Three Kings Day.

No coal!

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=WRES.L

Starterforten

“ Surely you would run tests and crush a quantity of ore from Regua, transport it to La Parilla and run it through the old concentrator to check feasibility and efficiency before committing to moving it.”

Mérida is 270 miles from Régua, is the only problem with that. How many truckloads would be required to make any meaningful comparison?

As at Mérida, Régua has scheelite hosted in quartz. All they have to do is assess the grade of the crushed material. As long as it get crushed to a similar size, they should get similar throughput, but with greater recover, due to higher WO3 content.

Just my view.

itisagame, just a couple of points on your recent post.

“This is more like a car finance company that supplies you the car, just for lighting.”

ELight is more like the car showroom, than the finance company. ELight buys the fittings and lights direct from the manufacturer and contracts out the survey and installation. Their finance company arranges the leasing agreement and pays a lump sum to ELight, from which ELight pays its installer.

“This is a basic and simple business model, tax incentive service and "green" for the customer, which in reality comes at close to no extra monthly cost to the customer.”

Customers typically save 40% of their monthly lighting bill.

“Im sure they will also upsell all necessary components and services to meet all the newer regulations for building and fire regs aswell, I.E. emergency lighting and testing, fire ******ant enclosures, servicing, the lot.”

My understanding is that they do the led lighting and nothing more.

“Most of the money raised at ipo will go out to finance the new work done by the company, which will in turn generate a return over time, this is why the company is floating.”

Harvey has a buy and build track record with recruitment businesses. The wants to do that again here.

“Aslong as director and management pay doesn't eat in to the profits to much and they can keep finding new customers this will work, Unlike a car finance company it has a finite lifespan, you can only upgrade so many commercial buildings, there is a finite number of buildings requiring this service. So i would hope that the company decides to pays dividends to shareholders in the boom years before relying on servicing alone, shareholders are after all the alternative to conventional private funding that elight has chosen to use.”

The current target market is £25bn. Get a small percentage of that and everyone will be very happy.

I'm too busy meditating on posting "BOOM" to post much here.

:-)

L200, I forgot the starting figures, but on the bass t(at WRES was probably £23m mcap at the time, I’m prepared to concede that I lost.

Congratulations!

No point in running three shifts, if you are losing money. When the falling tungsten price made working the tailings uncommercial, they stopped, so the night shifts must be paying their way.

Other views welcome, as always..

Una fuente de dinero - no necesito más.

No Bob. They have to pay us. Too much debt!

Langtro, I think ORM only has 30% of the mine, owe $30m and have an 8:1 strip ratio.

Well, the 8:1 strip ratio was before they found tailings, where they expected to find ore.

Avoid.

Thanks Rod. I’ll take that good advice.

Feliz Navidad y Exitoso 2020!!

I have little doubt that MetaLeach was gift-wrapped to the “new” owners. Well, life’s like that. Nothing I can do about that, as a shareholder, so I’m conveniently ignoring it. Not completely, though, because it cleaned up the shell and exited the surplus bod.

Time to move on.

What we will soon have is a turnkey solution to energy efficiency as a service (eeaas). Businesses / organisations want to save money and the planet, overnight (almost) and with zero capital outlay. Well, now they can, and all they have to do is read through a single A4 page of contract, written in plain English, and sign on the dotted line. Nothing more.

eLight surveys the existing light fittings, designs a layout of new l.e.d. fittings and lights, then subcontracts the installation of them. Five days after project completion, their finance company pays eLight for the project and eLight pays the subcontractor. Next!!

The customer has new fittings, maintained by eLight, PLUS an 80% reduction in their monthly electric lighting bill. Half of that 80% saving is paid to the finance company.

An average secondary school refit will net them £40-50k, paid in full, five days after the refit. How many dingy NHS hospitals would welcome brand new lighting, free of maintenance, with a 40% reduction in lighting bills?

Forget MetaLeach. This is the start of something very big, imho.

I have to say, I’m not concerned about what is, or is not, in your mind.

I have met bob, had many discussions with him, agree and disagree in several fronts, but I am convinced that he would not lie or deceive, just to make a few quid.

Take it or leave it.

:-))

Well, I never got involved with BIDS, because I don’t invest in things I either don’t understand, or can’t measure. I have no view on BIDS, but I wish all investors here well.

What I can say about Bob is that he has integrity and a refined moral character that is very rare. I disagree with him on several fronts, but I absolutely trust his sincerity. Bob speaks as he finds. You may interpret his posts otherwise, but I guarantee you will be wrong.

Kenny, does the Tokyo office have a red door?

MOGWHY, all I’ve ever been told is 80% of APT price ex-works, but you may be right.