Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Hi Muggins,
Thanks, yes you're right about cash being paramount. Until there is a more clarity and I feel confident that this company can survive I'm staying out. Too much risk. If you want an almost risk-free return take a look at Seeing Machines.
Still, I do like the tech and am watching this.
Scarlet Vixen, there is no need to insult me, day traders like you are two a penny. it's not about revenues it's about profit.
It doesn't have 10m income, its own broker (Turner Pope) wrote in April that : "the Board presently concludes that full year 2022 revenues will likely be in the range of c.£7.75m to £8.60m, compared with the figure of £17.20m provided by the previous executive management team." It's going to make a pre-tax loss and has £1m in cash as of 17th April.
A fundraise must surely be needed and soon. I assume this is the pump before the raise is announced. I may be wrong of course. DYOR etc.
Has anyone actually got any news re. this stock? I assume the rise is speculation of a fundraise. However, won't any raise be highly dilutive and possibly result in a share consolidation? Thoughts anyone?
Well, I think SEE has to a) Get the aviation license deal(s) b) Hit its numbers on Aftermarket c) continue to grow auto revenues, and win those RFQ contracts. If it does that the buyers will surely come.
To be fair, I think auto contracts are being delayed by OEMs making up their minds. It's not SEE's fault.
Here's the link to the full article: https://unearthed.greenpeace.org/2023/04/18/serabi-gold-mining-brazil-amazon-disputed-land/
Btw, I love this on Serabi's website: "Serabi Gold is a pro-active environmental manager who consults with Government and the Community to ensure that it is a responsible corporate citizen and that the environment is protected for future generations."
I had no idea that Serabi Gold is doing this. How can anyone with a moral compass support this?
A UK company is mining gold in the Brazilian Amazon on disputed land
A British company is mining gold in the Amazon without the permission of the federal land agency, on disputed land, with licences contested by state agencies, and before a nearby Indigenous community has properly been consulted, an investigation by Unearthed and partners has found.
Serabi Gold, which is listed on London’s AIM and the Toronto stock exchanges, has been blasting open 4.5m wide tunnels at the Coringa (Joker) site in Pará state, and last year began trucking ore for processing at a second mine it owns 120 miles away.
“Everything [regarding this project] is wrong,” said Ana Carolina Alfinito, a legal consultant at Amazon Watch, a nonprofit organisation working to protect the rainforest and Indigenous people. Serabi told Unearthed it is “completely comfortable” with its legal position, complies with the Brazilian legal mining framework and has all the necessary permits for Coringa.
A new blog from Safestocks: https://www.safestocks.co.uk/2023/04/03/panmure-maintains-buy-rating-with-14-6p-target-price/. Is that Pat Nolan or Eli Wallach in the picture?
Tel
Hopefully, Ives is telling his mates to get in too. Looking forward to news from Delta Airlines and Collins Aerospace. Until then, for those with spare cash, it's time to accumulate while SEE shares are on sale.
Does anyone fancy a bet as to which RNS comes next?
- Ives buys more
- Gen 3 Fleet
- Aviation license deal with Collins Aerospace
- Airline deal
- Auto deal
- Partnership announcement
Thanks Seeing2020.
I like a robust debate. For the record, I'm still hugely invested in SEE and am confident about the success of this company. PM is a safe pair of hands in my estimation. Long and strong.
I can't believe we're arguing whether a CEO should even buy stock on the open market. It's obvious they should as it generates positive PR and attracts the interest of PIs and IIs.
Re. LO's buy - they had to RNS it I, assume. However, given its small value, it's insignificant.
Escovido, he's got a right to express an opinion. Besides, buying on the open market as opposed to getting them 'free' does make a difference. That's the reason why they are noted by many investors as a very positive signal.
If a restaurant manager eats in during a shift who cares. If he buys his meals at the restaurant in his spare time that would be a great positive for prospective diners.
Nice post Checkbutyoudon,
Buffett is so shrewd. The investment thesis for SEE remains intact as the business goes from strength to strength. Yes, the share price is a frustration but it can't be long before investors cotton on to what a great business we're invested in.
Yes, Lewbo, Ives knows and is filling his boots. Hopefully, the US event will persuade a couple more US funds to do likewise.