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Yes, a bit of a joke really. "We've failed to perform in the way we said we would, but we'd still like our confetti shares all the same please". The new RNS doesn't seem to make clear what one has to do to meet the new 'performance conditions' that with will be tested on 31 March 24 and 31 March 25 either. Maybe just continuing to collect a monthly pay packet until that date will be sufficient!
I think the problem here for most, is that this isn't a cash deal. The SMD shares will be de-listed after the transaction has taken place and SMD shareholders will be entitled to Rosecliff (RCLF) shares in return. A lot of brokers won't allow you to buy or hold RCLF shares in your portfolio. I know mine doesn't and it's one of the biggest in the business. I can buy and hold SMD shares. I can buy and hold many NASDAQ shares. But for some reason my platform won't allow access to RCLF.
So basically, you'll have your SMD shares taken off you by your broker when they de-list, but you won't receive your new RCLF shares in return if your broker doesn't allow you to hold them. Net result, you'll have rights to some shares that are worthless to you, if you have no platform to hold or sell them on.
And 'banned', not 'band'. What a dope!
Oh, now I see nobjob1, you meant 'clique' rather than 'click'.
Bobajob1 - You keep referring to a 'click' on here. What's a 'click'? It's not a term I'm familiar with, but I would be genuinely interested to hear your explanation.
Ironic really, this being a mining discussion board. Poor old johnnypc thinks he's qualified to advise others, but it turns out he doesn't even know his 'lead' from his 'led'. Ha ha!
I've always held the view that John Meyer must have a very good idea about what's going on at Kodal via Robert Wooldridge. For those not aware, he's a Kodal Director and holder of almost 170,000,000 shares. He also happens to be John Meyer's business partner at SP Angel.
Most of the website has had a recent refresh actually. Check out the 'Products' section, that's all recently and significantly upgraded. Hopefully this is a precursor to a news rich period, given that Saietta VNA should be producing at scale within the next 2 months.
The AGM is an OGM, they are one and the same.
I see that UFO's Dan Smith is also on the BOD at Greentech. He's on the BOD at Artemis too, alongside UFO's new Chairman, Guy Robertson. He's on the BOD at several other companies too - certainly gets around!
That's about £470,000 worth of gold sat on those scales!
Now this is very interesting! Our very own Rod seems to be in the final stages of completing a RTO of Megasteel, using his cash shell, More Acquisitions Plc (TMOR), where he is an Executive Director. Apparently, Megasteel are the largest stockholder and distributor of steel for the prestressing and post-tensioning of concrete in the UK. The company also owns Sweetnam and Bradley, a market leader in the UK for sheet metal fabrication, assembly and finishing.
It seems this is just the beginning too, with more acquisitions planned. Well, we know where Rod can obtain a reliable source of iron ore. If he can manage to acquire the steel mill, he can control the complete supply chain. Maybe that's his plan!
Charting certainly has its place and I have used it to swing trade established FTSE stocks (with reliable revenues) in the past. For stocks like UFO, charting is almost completely and utterly irrelevant. I have a decent holding in UFO and am very hopeful that it will start to turn out well before the end of this year. But, as an investment (and I use that term loosely), it is an event play with various inflection points. It really is more of an educated gamble. If the permitting gets sorted and we start mining by the end of the year, I anticipate the share price will multibag. If, for whatever reason, the permitting stalls or gets rejected, we'll be in the doldrums unfortunately. You can forget your penciled in support/resistance levels, they won't matter a bit.
And almost as fast as they had appeared, Admin obviously identified @Webber8 as the internet troll that they were and removed their posts. Well done Admin!
And within 17 minutes of me picking holes in @TRQS's post full of bluster, up pops another doom and gloom merchant, @Webber8. How predictable! Claims to be a shareholder but only ever posted here twice, negative on both occasions.
Yeah, you're probably right @Webber8, it's all hype with no fundamentals. Real risky at this stage. In fact, I think you've talked me into selling first thing tomorrow morning, I can't take the heat any longer. I suggest you do the same, I mean, why would you want to hold a stock you speak negatively about? Honestly!
@TRQS, you're full of it mate. I can only assume that your purpose here it to try and knock the stock in order to gain a cheaper entry price, having missed the bottom. Let's introduce some facts, seeing as how your figures are just fabrication.
You suggest SED will only be charging £200 per unit. Please do share the source of this information with us. Oh, of course, you can't can you, because you made it up. But what we do know as fact, is that the 3,000 units being sold to AYRO are being sold for £1,667 per unit. How do we know this, because the company told us so in the RNS. Sure, the units going into two wheeled vehicles in India will likely go for less than this, but I suspect they will go for a lot more than £200 per unit.
You also state that SED will only make 15% profit per unit. Again, care to share the source of this information? Bet you can't. To my knowledge, the company has never quoted the likely profit margin per unit. The closest they have come is in an interview, when Tony suggested that the gross profit margin would be somewhere in the region of 50% per unit sold.
So you see, you shouldn't go making stuff up @TRQS, as someone will see through it. Better to stick to facts.
Stevo, for someone who professes to be 'far too busy', you don't seem to struggle to find sufficient time to come here and spread negativity relating to a company that you're obviously not invested in. How very noble of you to take time out of your busy schedule to come and save all of us genuine investors from ourselves. Please don't feel the need to do this again though, I'm sure we'll all be just fine.
I'm pretty good at reading people too as it happens. You read like an open book. Jog along now Stevo!
We can only speculate, but it does specifically state that the client is involved with design and development of electric motors, rather than vehicles.
On the Saietta website there are currently lots of vacancies, as you'd expect with a company that's rapidly ramping up production to fulfill multiple client orders. Of particular interest is the fact that they are looking for 3 x Test Technicians to "join my client based near Bicester" The client is "involved with the design and development of electric motors for the electric vehicle market". The only other serious contender in the axial flux motor arena is YASA (owned by Mercedez-Benz). Funnily enough, YASA have recently taken a new facility at 'Catalyst', Bicester. I wonder if this is a clue that Saietta and YASA have decided to collaborate in some way?
@jam2 - There hasn't been any recent change in Amati's holdings in SED or POLX. We would know, as they would have to issue a TR1, as they are over the notifiable threshold in both companies. As @wetdream has already said, it's simply due to the fact that the SED and POLX share prices have fallen considerably, meaning they have consequently become a smaller % of the Amati VCT portfolio.