The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Maybe it's Randy selling out some of his holdings? Given some were given to him in-lieu of other payments I guess 0.028p is better than nothing.
@earache - it's called cognitive dissonance. http://www.bbc.com/news/magazine-36744911 If the link's removed search for "Chilcot: why we cover our ears to the facts" on the BBC website. It's an interesting read and seems to apply quite appropriately to many on this board, imo :-)
RW has probably sent RC down to Mexico, to help get the remediation plant finished for 19 July, day 90 (though that assumes calendar days, so they could argue its 90 working days to extend the date). I imagine RC has his shovel out helping to dig out a hole or two. At least he'll have somewhere to stay as the accommodation block was ready months ago.
Needless to say there's no Mayan Drilling Fluid remediation plant fanfare on either website.
If you're splitting hairs (and missing the "a" from ecologica), then the eegaia website is for "Energias Ecologicas Gaia S.A" which is even further from "Gaia Ecologica S.A DE C.V". My Spanish is non existent but given www.ecologica.mx are based in Tabasco too then they would seem a more likely local partner than a Madrid outfit.
Yes. I believe the author of the blog has got the wrong website.
That website is for a Spanish company. I suspect the partner's website is www.ecologica.mx, a completely different entity. I hope your "deep research" isn't based on eegaia :-)
Why does anyone believe a positive forward looking statement in any RNS issued by NCT would help the share price? RC's been making positive statements for the last 2 years and the share price has persistently headed south. RC has zero credibility at this point and anyone investing based on anything he says is taking a massive gamble. RC needs to deliver revenues, to realise some of the "company making" initiatives he's been talking about for the last couple of years rather than simply delivering new ideas. imo.
RC's idea of executing a strategy is to kill the current one in favour of the next. He talks a lot, and spends a lot, and delivers very little. The only way the SP stands a chance of recovering is for NCT to actually generate meaningful revenues, revenues that would make NCT self sustaining rather than having to come back to the market with a begging bowl. RC coming up with yet another initiative (i.e. more talk) just ain't going to do it imo. Happy to be completely wrong, to recover some of my losses, but I'm not holding my breath either.
This is a case of the pot calling the kettle black. "clown", "rat", "sneaky" would be better applied to you angelus I'm afraid, given you're using two accounts. It was fun to see you praise your own post a couple of weeks back though :) The board should be open to discussions either way, both positive and negative views. Any new investor will have a more balanced view rather than see a one sided argument. For the past two years it's been a case of positive news is just around the corner. It's never come to fruition so the probability is that it never will. I'll only be lowering my average IF the SP trends north. Trying to call the bottom of NCT's SP is a mug's game.
In the April fund update for Woodford Patient Capital Trust they appear to still be positive on RM2's potential which would appear to be good news for RM2's PIs. Admittedly they can make mistakes too but they will be having regular catch-ups with RM2 management to assess progress and the continued investment case. "An important part of the Woodford Patient Capital Trust strategy is to take advantage of potentially game-changing technologies. RM2 International is one such business with the potential to disrupt the global pallet industry. Despite the significant news of a strategic manufacturing agreement with Zhenshi, which will allow for the mass production of RM2’s pallets from a facility in Tongxiang, China, its share price weakened during the month, as the market appeared reluctant to greet the news with any hint of optimism. We can understand to some extent the pessimistic attitude. RM2 has had a bumpy road towards realising the commercial value of its products but this announcement represents a significant step forward for the company. It is closer to commercial-scale production now than ever before and we remain excited about the company’s long-term potential." Reference: https://woodfordfunds.com/insight/wpct-april-2016
The 2014 annual results were published in June last year. I'd expect the same timelines for 2015's full year results.
Thank you for the thoughtful analysis Spasmodic. It would be interesting to see what users of the gel-coated pallet make of it. Are you aware of any other industry forums where there might be comments regarding the newer version of blockpal?
http://www.perfectpalletspostpress.com/forum/index.php/topic,4545.msg8719.html#msg8719 A forum thread dedicated to how press businesses are finding RM2 pallets. And unfortunately it doesn't look good. Comments range from the pallets being poorly designed, too heavy, too slippery, non-stackable, and perhaps worst of all, generating fibre-glass splinters. Unfortunately I didn't find one single positive comment. Think I'll take the loss and sell out this week, to try and recoup the money elsewhere.
The most recent RM2 tweet contained the following link. The magazine has an interesting article on RM2's Canadian manufacturing facilities. http://www.canadianpackaging.com/digital-edition/
I suspect another quiet year though I'd rather be wrong and see a slew of new contracts being won. But that was the hope this time last year too. Either way PIs could do with Woodford being more patient than they are, otherwise there's no hope for the SP recovering. imo.
In the latest Patient Capital Trust update Woodford Funds mention disappointing performance from Allied Minds, ReNeuron, Circassia and RM2. For the first their "confidence has increased", for the 2nd and 3rd they "remain very attracted to the long-term opportunity" and for RM2 ... no such positive comment. Maybe patience is wearing thin.
And screw the PIs some more.
RM2 released unaudited results for H1 2014 on 19/09/2014. Perhaps we'll get some interim results for H1 2015 over the coming days. Last year's notification was brief but did have 4 operational highlights. I'd like to think there's more to report a year on but I'll not be holding my breath. It's been an uninspiring story so far imo.
... it'll be another quiet week for RM2. I wonder when someone will put on the investor relationship hat on next, if they can find it. It's probably hidden under a layer of dust.