Member Info for LTbeliever

With cash at 2mln at Y/E 2022 = Mkt cap, and some news on H2 22 Turnover and outlook for 2023, I think this SP will soon be a thing of the past IMO.
People have been burned badly and there is still the 3% Helium overhang, so there is justifiable caution, but 2023 will be much better; don't forget MSYS' share of DVRG's Revenues, already there is a backlog of 6mln for H1 23 (100 units' to be installed by Glanaco in Asia), meaning appx 500-600k for MSYS.
GLA

In my own experience, with small caps (and thus, illiquid stocks), the opposite stands i.e. the smaller the lot, the better the price you get for Buy or Sell. I have tried it many times, both dummy and real trades.
The only exception (rarely) is when there is massive volume traded (for the share's average volumes) so the MM reduces the spread considerably; but today's trades don't come under this category.

44.000 quid's worth so far, delayed releases and at a price not reflecting Bid-Offer. Really hope they are BUYS.

Indeed, interesting! Let's hope he stays silent until the EPC :)

I'm more curious as to how someone can buy (or sell?) 2mln shares at 0.85 and not 0.86 (or 0.82, respectively) as the rest of us pay. A Broker/institutional trade?

Wacker,
EPC comes first, then the financing ("a few weeks later", as per previous RNSs); however, given the many months that they have been working on both, it's not impossible for both RNSs to be issued simultaneously; in any case, when the EPC RNS is released, the market will then be certain that the financing has also "locked" even if details will be released soon after.
I just wonder whether the RoC Minister's silence is due to him being given a firm timetable by the Co (positive), or because of something else?

wacker,
if not mistaken, offtake agreements will be part of the financing structure (2nd part being the Debt), therefore I'd expect such news to come part and parcel with the financing RNS.

if it's them selling 15m shares (about 20m are buys), then that's another 6-7% of their remaining holding; soon, they will be below 3% and an RNS will have to be issued.
On a big volume day (eg Trading update) they could get rid of another 40-50mln shares but buyers should emerge if the news are encouraging. IMO

They had 3.7% at Y/E
https://www.lse.co.uk/rns/MSYS/holdings-in-company-z6cu4diibejolr1.html
And 3.54% 2 days later?
https://www.microsaic.com/investors/aim-rule-26/
Note Nigel Burton's holding, almost 5%.
Last, but not least, 3 vacancies i.e. 15% rise in staff (21 last year) - sign of growth?
https://www.microsaic.com/careers/

H2 - 2022
MSYS 700k in H1 2022; DVRG (biggest client) had sales of 6.5 mln in H1;
rough calculation = MSYS gets 10% of DVRG's sales;
DVRG 10mln sales in H2 22, means a MINIMUM of 1mln for MSYS in H2 22 (as we have other clients too).
For H1 2023, DVRG has already announced a pending order of 6mln, hence 600k for MSYS (excl. other clients);
DVRG also now has cash to pay MSYS so less drag on our cash balances; hence my optimism which I expect to be reflected in the next RNS (even if it's about Helium going under 3%, rather than news about Sales, it's still positive).
GLA

Hi NU,
Yes, Helium still at around 3% (200mln+ shares); it's a drag but a reducing one because last year they started selling at over 0.20p and held 13% (so their stake was worth over 4 mln Quid); their stake now is appx 90.000 so in absolute Pound terms, much easier to be absorbed.
GJB CEO and Chair - I don't see it as a negative; we save money from him covering 2 positions plus he has 250m warrants (3 more years to expire) with XP at 0.10, so definitely he has an incentive (and last chance?) NOT to mess up!
He is a good salesman (lousy finance guy) and knows DVRG inside out (MSYS' biggest client) so if anyone can leverage the synergies between the 2 firms, GJB is the man to do that; my only worry is that DVRG owed MSYS over 500k as at 30 June 2022 so I hope this will have come down by Y/E 2022 (as DVRG raised cash before then).
The main thing for me is for the cash not to vanish into thin air and I think that the new business model, with higher margins, more services offered, new markets opening up etc is ensuring that 2023 will be a year of positive cash flows or at worst, close to zero cash burn (essentially, in H2 23).

And just to liven up the BB, I think it's time for some optimism?
No news does not necessarily mean bad news, it could be that GJB has learned his lesson from DVRG i.e. to keep his mouth shut and let RNSs do the talking; hopefully, he has also learned the importance of cashflow management!
In June 2022 the Co had just over 2.5 mln cash, I think that we will end 2022 with 2mln cash.
The interims specified a Revenue for H2 that would be "much better than H1" so assuming at least 1mln in H2 Turnover, and an operating cash flow of 650,000 (65% margin), plus reduction of Creditor balances (biggest of which is DVRG), then the Co will not burned up more than 500k in cash. DYOR
GLA, the next RNS should be positive IMO

And just to liven up the BB, I think it's time for some optimism?
No news does not necessarily mean bad news, it could be that GJB has learned his lesson from DVRG i.e. to keep his mouth shut and let RNSs do the talking; hopefully, he has also learned the importance of cashflow management!
In June 2022 the Co had just over 2.5 mln cash, I think that we will end 2022 with 2mln cash.
The interims specified a Revenue for H2 that would be "much better than H1" so assuming at least 1mln in H2 Turnover, and an operating cash flow of 650,000 (65% margin), plus reduction of Creditor balances (biggest of which is DVRG), then the Co will not burned up more than 500k in cash. DYOR
GLA, the next RNS should be positive IMO

it's been a tough few months but there is a silver lining in the SP collapse below 0.10p (the Placing price in Feb 2021).
There were 997.000.000 (say 1 bln) Warrants given to the Broker, with an Exercise Date of (by) 5 Feb. 2023; this date has now passed so those Warrants have expired worthless and hence we have avoided a dilution of about 15%.

ATGff, as long as the RoC Minister is quiet, I am cautiously optimistic.
As they have had plenty of time for the financing too, ideally we could get 2 RNSs (EPC+ financing). 1% chance of that happening?

Co said "hiring in H1" but I assume this will start in earnest ONLY after the EPC RNS is announced; obviously they know what positions need to be filled but I don't think any high level executive would be interested before the financial viability of the project is in the public domain (this includes the financing too).

Thanks 99, so you are right, probably acting as a broker in our case (unlike Alphamin).

https://korepotash.com/investors/results-and-reports/
99Ice,
according to the March 2022 report (for Y/E 2021), I see no mention of Wadeville - are they under another name?
Fluffy,
Alphamin is in the DRC so maybe Wadeville are building a stake in KP2 given their knowledge of mining in the area?

Thanks 99.

I found this about a Director of theirs (seems to be a SAfrican investment house, invested in Mining firms;
"Sean Naylor - Non Executive Director - a Director of Wadeville International Ltd, a significant shareholder in Alphamin Resources. He has extensive experience in Southern and Central African private equity and commodity trading.
https://www.alphaminresources.com/about-us/"
It'd be good to know when they started investing in KP2.