George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
It would have been even better if Saietta had asked someone with a half-decent command of the English language to proof read such an important post! The rogue apostrophe in what should be 'Its' looks rather unprofessional in my view. Why give someone who doesn't seem to understand the rules of basic punctuation, access to the company socials?
Selecta6 - Wrong I'm afraid. Firstly, Nottingham is a city. Secondly, it's nothing to do with the presence of a cathedral, although prior to 1889, they all did happen to have one. In 1889, Birmingham was the first place to become a city that did not happen to have a cathedral. City status is granted by the monarch, following a bid by the town in question.
I'm sorry to be the spelling police Kingalf, but can you please look up the difference between the words 'surly' and 'surely'. You've got it wrong twice this morning and being as they mean completely different things, I thought you might like to be made aware for future reference. Many thanks.
Dibs - Click on the 'OBD Share Price' icon above, then scroll down. It tells you the volume.
Feeks, what's the link between Hero and Saietta?
Not so Bozi. Diggle would need to declare any change to his holding for as long as he owns more than 3% of the company, director or not.
That's not a recent article, it's exactly a year old!
This news looks absolutely huge for OBD. Basically, insurance companies will have no choice but to cover the costs of FDA approved biomarker tests for the purposes of "diagnosis, treatment, appropriate management or ongoing monitoring of a person's disease". OBD conveniently have the world's largest 3D genomic/biomarker database and a suite of tests ready to go. The timing couldn't be better!
Yes, sounds positive. You're probably right with your Walmart guess, but Tyson Foods would also seem to be a possibility.
Like Walmart they are a Fortune 100 constituent and the second largest company to operate in Arkansas after Walmart. I can't see any other companies that meet the known criteria other than those two.
@Cupboard - There's more than twice as many shares in circulation today than there was back then. Hence, a share price of around £1.32 today would be the same market cap.
I think you mean Ag @cjmorley. Sn is tin!
I wouldn't be inclined to read too much into the fact that Amati have reduced their position. They are a fund. They are probably in the position of being a forced seller in order to satisfy outflows from the fund, as investors withdraw their cash.
I think there's probably a more simple explanation. I would be surprised if this is a new buyer, as the volume simply hasn't been high enough to have accumulated that number of shares from scratch since the end of September. The RNS tells us something important though, in that it has been generated by Arbuthnot Latham (Nominees) Ltd. 'Nominees' means that whilst they are the custodians of the shares, they are holding them on behalf of a client, who is the beneficial owner. The beneficial owner is, therefore, unknown. It could, for example, be that Stephen Diggle is a client of Arbuthnot Latham and that they are now looking after a large proportion of his holding.
Well, we're now into mid October, so the Company's prediction that the audited financial statements would be published in early October has not come to fruition. That, the continuing suspension and the fact that the CFO has walked/been pushed don't really inspire confidence that all is well at Saietta. Fingers crossed this all gets resolved.
For info, there appears to be no fewer than 233 active companies using 6th Floor, 60 Gracechurch Street as their address.
Nano, Saietta claim that their motor design can be manufactured at scale and for a price which is lower than the equivalent power combustion engine. Until this point, axial flux motors have been expensive to manufacture, thus making them cost prohibitive for use in light duty vehicles.
Mercedes didn't develop their own axial flux tech by the way, they bought out a company called YASA.
The future potential here is quite possibly enormous. This test is best in class, so it's quite conceivable that it will become the go to test, accounting for perhaps more than 50% of tests conducted. But let's just say that they capture 25% of the US market, as a conservative example.
We know from the company's presentation that there are currently 25M tests conducted annually in the US. So 25% of that market in 6.25M tests. We know that a test retails for around £750, giving an annual gross revenue of well over £4.5B. We don't know for sure what the net profit will be at this stage, as that will depend on the roll out model adopted to scale up. However, I'm pretty sure that we can safely assume that OBD will take at least £100 per test in net profit, amounting to a net annual profit of around £625M, which translates into a company MC of at least £6.25B.
So on the above assumption, which is conservative and is just for the US market, we arrive at a company valuation which is 72X the current MC! £30 a share anyone? I think I'll be staying put and hanging onto my shares for the duration, opportunities like this don't come along very often.
Propel operation in Amsterdam was burning cash. It was shut down to conserve cash, thus enabling operations in India to (hopefully) reach profitability before the need for another cash raise. It looks like Saietta will now partner with someone else to advance the Propel brand. It's all detailed in the RNS releases.
In Vic's own words "After 5 years of building Saietta Electric Drive as CEO, delivering the London AIM IPO in 2021, establishing the manufacturing joint venture in India and delivering the first substantial OEM contracts I am proud to step back, remain as a shareholder and hand over the reins to the new management of this fantastic company."
No, Vic left the company around April time and no longer has any involvement in the running of the company. He's working for himself in a consultancy role these days, advising fledgling businesses. He remains a significant shareholder in Saietta though. So far as Propel is concerned, they had their own premises in Holland. This operation has now been shut down.
All equipment, fixtures and fittings of any use have been moved to the UK and all staff have either been made redundant or relocated to Silverstone. Some of the engineers there had given up secure jobs to join Propel as recently as January of this year and 2 weeks ago were told that they were out of a job. I shouldn't think they were too pleased!
Not really trying to put any spin on the situation, I'm just pointing out the worst case scenario. Hopefully it won't come to that. Perhaps I'm overly pessimistic, I spent much of my career producing valuations for IFRS purposes. The external auditors were often a nightmare bunch that would ask ridiculous questions (which made it obvious they were clueless about what they were auditing), thus dragging the whole process out to the 11th hour before they'd agree to sign off the accounts. I came to the conclusion they were more concerned with covering themselves than getting the job done right and in a timely manner.