Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wasn't the impairment that has brought the price down a non-cash item? "As at December 31, 2023, the Company reviewed its cash-generating units ("CGU") for property and equipment and determined that there were indicators of impairment loss in its Canada CGU and its Capella block in Colombia and recognized a loss of $11,799,740".
cipia must presumably be affected by the ongoing conflict in israel. from what i read the israeli economy is in big trouble and things are likely to get worse. fortunately for mobileye it is effectively owned by intel and can perhaps relocate when the **** really hits the fan, like many of the colonial settlers in israel.
This is interesting: https://www.reuters.com/world/middle-east/us-allies-plan-more-iran-sanctions-israel-war-cabinet-meet-again-2024-04-17/
Be interesting to see if Israel dares to attack a country that actually fights back. Oil to hit $150 a barrel? Maybe Biden has done a deal with Netanyahu…they’re both up to their necks in genocide.
Hazbeen,
I wish for world peace and plenty for all of humanity. However, the truth has to be faced. Russia has won the Ukraine war, yet Zelensky may still do something crazy like repeat the attacks on the Russian oil facilities. Similarly, Israel may attack Iran directly. We have China challenging US hegemony and god knows what else. Having some oil is a bit like holding gold at times of geopolitical change.
We’ve come very close to nuclear war in the past. If Israel manages to someone embroil the US in a war with Iran, Russia won’t let Iran be destroyed like Iraq. Even the increasing likelihood of it happening following rash action by Netanyahu will send the oil price flying up. And of course, Netanyahu has shown that over the past 6 months he is not a rational actor.
Which of us would commit genocide and use Biblical language to justify it? The most worrying thing is that Biden and even our own (unelected) PM Sunak are still backing Israel v. Iran.
Extrader, I'm just calling it as I see it. Israel won't be sorry to see Trump win and this conflict has been caused, deepened and prolonged by Israel with the aim of dragging the US into a war with Iran that enables it to build a 'greater' Israel. I agree it's not logical and damages US national interests but Israel is a like a mad dog that is out of control and the Israel lobby has even more power in the US than in the UK. Committing genocide to maintain Apartheid and steal land isn't normal behaviour, is it? (Okay, the US got away with it with the Native Americans as did the Russians centuries ago - but this is 2024 and we can see it live streamed and it has been recorded by the ICJ).
Forget the mainstream media analysis. These are the same people who told us the Ukraine war was all Russia's fault and that Ukraine was going to win NATO's proxy war v. Russia.
If the Israelis are stupid enough to provoke Iran again they'll enter a world of pain and oil will rise. Don't forget this was just a slap - no civilians killed and full warning war given by Iran. Even so, missiles got through hitting military targets. The despots running Saudi, Jordan and Egypt owe their allegiance to the US, but the people are with Palestine. I doubt they will dare go to war v. Iran in support of Israel.
The oil price has to rise if the market thinks Israel will dare to attack Iran directly. Israel will probably do something as it believes it has to maintain 'deterrence', scaring its neighbours into submission. However, this hubris is leading it to disaster.
The US confirms at least 9 ballistic missiles hit two Israeli military bases in Negav. If anyone is trying to save face it is Netanyahu and Biden. Just like Russia, Iran doesn't mess around. I just wish the UK was on the right side of history on this one.
If Israel does dare strike Iran again we surely get $150 oil. But as Biden is reluctant, I am wondering if we get a false flag attack (like US blowing up Nord Stream and blaming it on Russia) to try and get US on board for an Iran war. If I was the US I'd put my embassies on high alert.
Well, Iran struck as promised. Israeli 'deterrence' is now dead and even the US doesn't want to mess with Iran directly. The same geniuses that thought Ukraine could win NATO's proxy war v. Russia are trying to call the attack a victory for Israel. Look a little deeper and you'll learn that despite all Israel/US high-tech anti-missile defences, Iran took out some military targets.
I believe Israel will continue on its reckless path to a wider war as Netanayahu and his zealots will want to restore deterrence. Bull oil price case therefore remains. Views?
Apparently, US has warned Israel to expect an attack from Iran within 24-48 hours. It has taken Netanyahu some time but it looks as if he is going to get his wish. I think my US$150 oil price prediction looks possible from here. FOMO Friday is upon us.
Cash flow breakeven on a monthly basis is forecast for FY 2025. See's Pat Nolan delivered the aviation deal, PM got us a great investment from Magna along with the rearview mirror. We have Gen 3 being sold and are going to hit 3m cars on the road this financial year imho. As usual you're spouting without having done much research.
Sir Alf Ramsey came in for a lot of stick before England won the 1966 World Cup. Nervous nellies need to stick with SEE as they are the World Champs at DMS.
A couple of RNSs and the price will rise. This stock is far less risky than it was 6 years ago when Bosch wanted to buy it.
Well, you doubtless saw the discussion started by Aaron and my view that we hit 3m by the end of this calendar year. I think Colin Barnden is playing it safe as doesn't want to give away his special sauce for free.
What disappoints me is the knockers on here refusing to put forward any figures/research. Some of you, not all, are better than that.
DT has presided over the failures that have led to the fall in price over the last couple of years. It would be logical if institutional holders held him responsible and want control and him gone. However, this is all speculation on my part. They might just have written this off already.
Colin Barnden appears to have confirmed he expects SEE to have 2m cars on the road (COR) by end of June. "We can watch videos of the new Ford, GM and Stellantis models on YouTube and see for ourselves how this plays out. Re: production, let's see who gets to 2M first and go from there. Probably achieved this quarter, to be in the August KPIs, and May KPIs likely to give some big clues to progress in Jan-Mar quarter."
I think 3m COR looks very achievable by the end of this calendar year. All looking good for take-off. Just need those RNSs to come in this quarter. Can't be long now.
Is Amati resisting the privatisation of this company? Certainly, it's going on the cheap.
Nice post Sandy. Made me chuckle. I don't really want to meet some of these characters on any shopping trip. I suspect they'd try and convince me to avoid my prospective purchase so that they could nab it. Years of research has convinced me to be overweight in SEE, and the business is progressing at pace.
Glandore,
If you've got better numbers please provide them as I'm sure fellow investors would like to see them. The numbers I gave weren't total numbers for VW, they were for Western Europe only. They don't even include US numbers and we know VW is launching DMS into that market.
VW is gradually putting SEE DMS into into new cars and is already ramping up production. I think 3m cars on the road with SEE tech is likely by calendar year end and SEE has already produced expected cumulative numbers in the presentation provided by Aaron. I'd respectfully ask for other calculations from those who doubt this number. Aaron has done it, I've done it. They are in the best position to know what is coming.
Seeing2020, you're wrong in stating that all OEMs won't go beyond the regs, some already have. That includes Mercedes, BMW, GM and Ford. Those that haven't are playing catch up on safety. Japanese OEMs are lagging behind and that's the main reason I am certain we can expect positive contract news from Japanese manufacturers.
I appreciate a sceptical approach but I see no reason to be negative. Imho, it would be a shame if private investors sold out too early based on a muddle-headed view of SEE's prospects. The share price should shoot up like a coiled spring once the KPIs for existing contracts and further contracts are announced. That is close at hand. Of course, DYOR.
Re. Commercial vehicles I've provided a link to the numbers VW produces in my previous posts.
Btw, in cars with Ford Blue Cruise, such as the Mach-e, the DMS works whether or not you buy the Blue Cruise subscription.
Glandore,
To take your questions in reverse order.
Yes, only mandatory on new models in Europe (not just Western Europe) after July 2024 and all vehicles from 2026. However, VW is going beyond the minimum requirement. I don't know of any other supplier to VW - does anyone? Do you have an alternative suggestion on the numbers we should be expecting? Thanks.
I should correct my earlier post. That number on VW for Western Europe is approx 230k a month and for deliveries. Ignoring seasonal discrepancies that's 700k a quarter in Western Europe from VW alone. Still, we should push through 3m this calendar year. [The figure for total VW deliveries in 2022 is here https://uploads.vw-mms.de/system/production/files/cws/039/908/file/5295283008465dfc3a4f950412999d935db88e51/20240112_Deliveries_Tables_incl_BEV.pdf?1705049819
It includes some trucks but I think the 700k figure per quarter in Western Europe is a useful benchmark. Keen to get views. Thanks.