Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Trek
"I reported your earlier post because you said ‘they didn’t have the money to pay their staff’ which was not true."
If you check back, you will see that post did not come from me so it was not me that you reported. CTEA of course have enough money to pay staff - they have issued more than enough additional shares and warrants over the past year to be able to pay the staff and the directors.
Secondly, there is nothing to stop a company announcing in their RNS whether new contracts will produce income for the company or not. They do not have to reveal confidential details to make that statement. The lack of any reference to the deployments you mention being contractual, income producing, or another "free testing pilot" is telling in my view.
However I take your point. Let's wait for the full year results to be published in June, and lets see if CTEA's income for the year exceeds the £100,000 they had in sales last year. I will happily apologise to you at that time if CTEA announce the increase in income that you seem to be expecting. If you are still around that is.
By all means report this post too if you wish.
Apologies Shrewd for thinking it was Extrader who received that reply from AT. I remember now it was you.
With a further 4 weeks going by, and AT mentioning to Extrader hat he was in Dubai a couple of weeks back, I am hoping too that something is in play that can't yet be revealed to shareholders.
I'm not sure the company would dare to issue another kick-the-can RNS when they are two months late in updating!
We are now seven weeks after the date the company usually updates us.
What views does everyone have on that? I think Extrader mentioned a few weeks back that AT was working on it. Surely if there was nothing new to report, the RNS update would have been out weeks ago.
Have they ever been this late with a previously promised update?
If anyone doesn't want to wade through the 200+ posts today, many of which are one line insults, take this from someone who has followed CTEA for over three years - not three days like many of today's posters.
There is only one post today anyone new needs to read, and it is this one from Biglad6:-
"I rarely day trade stuff but this is a top class pump and dumper. To all invested here you only have to look at the RNS`s over the past year to know they`ve been developing this app for a year and every RNS hasn`t generated a penny in orders. It`ll be another 6 months before another RNS just like the back of last year when investors were desperate for news but no news came because they hadn`t sold anything. If you look further back they did the same with blockchain. I bought back in a week ago and sold the lot this morning. Anyone holding long term here is delusional. Before all the usual abuse starts take a look at previous RNS`s nothing they do ever generates income its a lifestyle company for the BOD. This will continue for another 6 months as they (you) would like to think they are in with a govt programme that will generate sales for them. After a year of trying so far zilch. Its all hot air !!"
If you can make a little money on the pumps by selling before the dumps, good luck to you. If you are holding longer term in the hope of a multi-bagger, you will be very disappointed.
Ferdie.
Instead of insulting everybody that posts anything against the "huge potential" that you constantly ramp about, how about posting some facts as a reasonable argument as to why CTEA actually has "huge potential!?
"HUGE opportunity here"
I'd really like to hear what that "huge opportunity" is.
The NHS App is being developed in case a domestic (within the UK) vaccine passport is needed (although I can't see it being compulsory for anything). Internationally, for travel, there is the IATA Travel Pass, in the final stages of development and which is aimed at all countries and all airlines acceptance.
On anything to do with Covid therefore, that leaves CTEA back with at the volleyball club level etc. where it always has been.
As regards being invited to participate (along with many other companies) in government discussions , as per the RNS, that is about Digital Identity. Absolute nothing to do with Covid at all! The discussions are set to last for at least six months, and the development itself will take years. Even then there is no guarantee it will ever be used in the UK - remember Identity Cards and the objections to those? Plus there is no way the government is going to involve a small insignificant company like CTEA in the later money-making stages of a hugely contentious app like Digital ID. Lets get real.
That leaves CTEA with their development partnership in Africa, which we have heard of no progress on.
Just google Covid ID, Covid passports, and similar - and see how many huge companies are trying to develope and sell apps.
"What mystifies me is why the SP is so low! Mr Market has passed judgement but on what grounds? "
I don't think Mr Market in general has ever been interested in Zioc. We have never had any institutional shareholder that I know of. The share price is and has been solely driven up and down by small private traders like ourselves.
That is not untypical of AIM miners and exploration companies though. It might change if an investment partner is announced, but until then the share price will muddle up and down on private investor buying and selling.
Some good research by Extrader and others about possible problems with China and partners developing Simandou. That surely must push China more towards Zanaga. Maybe they will start to realise their mistake in concentrating on Simandou instead of finding some way to work with Zanaga, despite Glencore's presence.
I agree with Extrader - definitely some crossover.
I have the same puzzled feelings about KP2 though as I do about ZIOC. The financials and the resources themselves make so much sense, I can't understand why one of the majors have not snapped up both.
We know ZIOC virtually has to go to the Chinese rather than FORT or similar, but there is no Chinese interest in KP2. so I can't understand why BHP or Anglo American aren't interested. KP2 has a lower capital cost than any of their current potash projects, with a lower mine gate and FOB, and therefore higher profit margins. Very similar to ZIOC compared with Simandou.
Maybe the problem is with the country itself rather than with ZIOC/Glencore and KP2?
Overall though, like many, I can't understand why "the day" has not already come for either company.
"Genuinely Don't want to be out of this over the weekend."
I haven't heard that kind of pointless ramping for well over two years! Thanks EarlOfAim for making me laugh so much.
You need to be aware though that this board is not populated by ramping AIM day traders like yourself trying to make a quick £50 profit. So you are wasting your time with silly posts like that, especially when you clearly still do not know that AT is not CEO - just as you were not aware last week that Glencore already own 50%.
Head back to Twitter to do your ramping - there are always newbie gamblers on there that you might be able to persuade to buy 10 shares.
Don't read too much into the Align Research report. Although the facts are all accurate, don't forget they were paid by Kore Potash to produce the report.
However this does not takeaway from the huge potential here. Two caviats through, Things move VERY slowly in this country. Just look at ZIOC.
Secondly Brad Sampson (CEO) has no real track record, and KP2 have already had a letter from the government asking them to explain the lack of progress.
As long as you won't need to cash in your investment for quite a few years, it is definitely a good long term gamble though.
"It's like being invaded by the cast of Fraggle Rock. You only have to look at the profiles of these creeps to see the calibre of boiler room trash and AIM scams they normally post on."
Absolutely. At least the pumpers of two years ago stuck around and based it on some decent research (MinerMiner and all). Now its all day traders looking to make their £25 and then be gone. Reddit and GameStop have a lot to answer for.
Its all very small trades. The same happened 6-8 weeks ago. Personally I just think its been plugged on one of those free trading apps, maybe bought by one of the portfolio holders on one of them who is followed as regards trades by a hundred others.
So its not even one of those regular twitter pumps we all used to see a few years ago. Just a bunch of small amateur investors auto buying in my view.
"+ major UK mobile operator client and others
+ ISO accreditation
+ clients across range of industries now deploying CTEAs platform, poised to add to client base"
DShox... and still no income.
"You say the talks are only with the Chinese - I understand this was the case, but I'm not sure they're still ongoing."
Those talks are about development via COIDIC. As far as I am aware there have never been any talks with anyone about sale of the asset. Or at least, no RNS mention that there have been approaches regarding a potential sale, and no hints either by AT in any media or shareholder exchange that we have had approaches other than discussions about potential development.
And that is the big mystery to me - why a Chinese or Australian giant does not want to buy Zanaga.
Hi Extrader,
I agree 100% that Glencore don't want to "keep Zanaga as a 'trophy asset' for fun".
I just think that they don't want to invest and don't want to sell - unless its a deal that gives them some marketing rights on the ore without developing the asset themselves. Glencore don't do greenfield iron ore projects, and if that was going to change, it would have done so by now. They are a commodity marketer, and that is what they want to be with Zanaga.
Of course a blockbuster offer might change their mind, but if that doesn't come along, interested parties are stuck with Glencore wanting a piece of the pie without investing anything on development.
That has to be offputting, and its the only explanation I can come up with for Simandou getting preference over Zanaga as the next big Chinese iron ore project.
As you say though, its a total mystery. None of it makes any sense to me other than there must be something that is stopping this project from progressing.
But surely if we were serious about selling and had received even a derisory offer, it would make sense to announce it to the market to make it clear to other potentially interested parties that we might be open to a sale?
Personally I don't think we have had any offers because Glencore have made it clear that even with a sale, they want to retain the rights to market at least some of the ore.
As others have mentioned, AT is between a rock and a hard place. Glencore don't want to sell and don't want to invest, with no sign that wil change when Gary replaces Ivan. So AT is having to look for third party investors or partners (like the Chinese) to develope - but on the basis that Glencore will not invest in the development costs, but still want a share of the ore distribution.
In my view, there can be no other explanation why Simandou is going ahead despite it having a large multiple of the development costs of Zanaga. With Simandou, the Chinese don't have to deal with Glencore.
"Leaky ship KP2"
Absolutely correct. There was very suspicious selling in the days before at least two "bad news" RNS's a few years ago, so there may well actually be something behind today's rise - rather than a pump and dump.
There has been zero pumping of KP2 for at least 18 months anyway, so its not really a target of the pump and dump brigade.