Member Info for Montmuzard

I can accept that people have differing opinions on where we're at, and also that people's experiences as investors here and elsewhere will influence how they see that. What I don't understand is how making the simple - and obvious - point that the current share price has little bearing on the endgame share price, or discussing the reasons why you retain a degree of faith in the board, is "ramping". Equally, I don't see how griping about specific problems - e.g. the slowness of news - is "deramping". Although in both cases, different posters can point to specific bits of plausible argument that may explain the situation: e.g. slow news could be because of NDAs which might hint at a positive outcome incoming. That doesn't mean it is. Or it isn't. You pays your money and takes your pick.

It's never a problem when people turn up with differing opinions based on evidence and insight. The issue is that the chap who started having a pop a couple of days ago wasn't engaging with the arguments people were making: he ignored them and just kept glibly reiterating the same comment - "just look at the share price" - over and over as if that could tell the whole story, while posting veiled threats. That's not the behaviour of anyone worth engaging with or taking seriously; it's the behaviour of a troll.

As I said a few weeks ago, when I tentatively posted here for the first time, I've long found great value in the differing views of the regular posters and, despite their differences of opinion, all have helped me contextualise my own research and come to my own conclusions. FWIW, I'm quietly confident of a decent outcome regardless of the current SP.

Nonsense. The actual share price right now is largely disconnected from what it will eventually be at the endgame. So, even to suggest that a given price is impossible because it is drifting now, is, by definition, a logical fallacy. The ultimate share price is a function of the value ascribed to the asset by a purchaser or the market in the event of material change in our circumstances (in the case of a JV, forward selling of silver etc.)

We can argue over whether it will be 1p or not. But the reality is we just don't know given the range of potential outcomes. What we do know is that (a) the asset is massive, (b) 1p is a possibility, and (c) the current share price is irrelevant in determining whether it is realised or not. News could drop tomorrow that drastically changes the parameters of expectations.

@A1EX Sorry to get a bit pedantic, but Yazoo were the amazing 80s synth band (called Yaz in the US) with Alison Moyet on vocals and Vince Clarke on keyboards who did amazing tunes like Situation, Only You and Don't Go.

Yazz and the Plastic Population were the one-hit wonders responsible for the early 90s travesty that devastated the Otis Clay original of The Only Way is Up :-)

At times, I've felt 1p is doable but it has been hard to maintain that anticipation the past few months. That said, if we ultimately get anywhere near that I will crack open a massive cerveza and name my first born Toral!

@Watching - I hope so too. I've often felt they could go it alone *if* the revenues come in quickly enough to facilitate the necessary expansion and share price increase, thus insulating them against anything but the juiciest of offers. If that doesn't happen, you could see why the BOD might get tempted to sell.

I'd be gutted with anything under 50p and even possibly mildly disappointed between that and £1. But, even just a cursory glance at Apple's recent acquisitions suggests any takeover - at least in the foreseeable future - would be unlikely to be in the high hundreds of millions. Even £500m is only 29p a share at current levels: a nice return, sure, but also a "just think what could have been" outcome for PIs IMO.

Agree petebo: doubt we'll see these levels again. Someone is clearly loading up in the background, and some massive trades will likely be printed after hours today. Last opportunity to scoop up some tiny fish in the shark's slipstream, as we won't be able to keep up with it for much longer IMO.

If they're anything like the police round our way, they'll be out in force pulling drivers over for no reason while ignoring reports of real suspected dodginess going on.

On the salary measures etc. could it be that the reason they've not said anything is because work is actually progressing? Maybe not necessarily to the extent that blockbuster news is incoming tomorrow, but rather that Covid hasn't really affected operations and they think they've got enough to take us through the next period until it is, and have enough to be going on with? Or is that too credulous?

@ORLM. Exactly. I have a reasonable breadth of (fairly niche) music knowledge, but haven't heard of many (possibly most) of the artists MVR keep lining up. Which is as it should be. The variety is impressive: I want them packing it out with whatever it is that Americans in the deep south and the coastal cities listen to.

It's mad how stocks on Aim - regardless of their actual prospects - always pull back on a news lull. In a way it's reassuring: although I'm fairly new on this board (and similar ones I'm invested in) I've been reading them for a long time and find a degree of comfort in periods like this when things quieten down and the wise old heads are chatting sense, while the kids have all run off to chase the newest shiny thing. It also means we can keep digging deep behind the cupboard for a few more spondulix to take advantage. Why don't they just buy, hold, wait? They're only going to have to buy in higher when the mining license or other news lands and we're in auction immediately at 8am. I can't believe many of them sold out above 1p a few days ago.

@maxdba: I was obviously only joking on £11 to make a point. But, FWIW although I've always suspected we'll ultimately be looking at an eventual buyout in the 50p - £1 range (around which there seems to be a bit of consensus) who knows?

The beauty of MVR, and the main reason I invested, was because predictions are essentially meaningless. It could crash and burn, although I don't think it will. It could do a NextVR and have a distressed takeover, although I don't think it will.

But if adoption numbers go up exponentially à la Spotify - which they could, with revenues hopefully following - then we could surpass that 50p-£1 takeover range, become prohibitively expensive to take over, and then be looking at silly numbers. Let's hope so, anyway!

I've been invested for nearly three years pal, I just haven't commented on these boards until recently. I wasn't criticising anyone in particular. Some people have asked sensible questions and made critical comments based on decent research, but some of the unthinking nonsense that is posted by some does a disservice to anyone with a remotely rational grasp of reality, or what it takes to balance all the competing tensions and pressures to get a company like this off the ground. It's as if some people genuinely expected overnight success. It also terrifies newbies and makes them doubt their investment decisions (at times, I would suggest, deliberately so). It was obvious this day was coming years ago IMO. It was also obvious it would take years to come.

I feel quite sorry for any weak holders who panicked this week when the SP dipped down and this board was infested with impatient derampers bemoaning the end of lockdowns, missed opportunities etc. "Why haven't we gone up to £11 already, we should have been there on Tuesday?" A feast takes many cooks much time and top-quality ingredients to prepare. Hope people aren't locked out on this spike. Do you research, trust it, stay strong. GLA, esp. LTH.

And back up we go.... That was a pretty nasty shake. Hope everyone has plastered their hands in honey.

"did you mean provenance"

I wondered that. But only because I've been thinking about all the lovely Galician beef I intend to eat on a pilgrimage to northern Spain when this has all come to fruition :-)

Struggling to see why it's lopped 0.1p off the share price, or can we just attribute that to MM tomfoolery + people (courageously, I would say) taking out their beer tokens for the bank holiday weekend?

NT to buy even small amounts: can't get a quote on £400 for a family member whose PF I look after...

The irony of this: a few weeks ago, you couldn't even get a quote to sell a small amount!

In terms of the CB interview, I had no idea Kash*tu was that big. I mean, I realised it was big, but not multi-billions big. Given we only have 558m shares in circulation, surely that could mean an eventual share price heading towards pounds, rather than just pennies?

"Reminder of the huge gap on the charts from 0.75p to 1.15p"

Be nice if we got up there before the bank holiday and then news dropped early next week so we also left it behind quickly, rather than there being any danger of a retrace down here :-)

@ORLM - Possibly, and you're certainly right that it does appear lazy. But, at the same time, Wireless is - let's face it - a fairly small British music festival, that caters to a particular demographic, and the headliners are not megastars or even well known outside of, say, 1Extra listeners. It's not Glastonbury in either breadth or scale. By contrast, Wiz Khalifa has 36 million followers (globally) on Twitter, and 30m+ on Instagram. If even just a small percentage of them watched him in a free VR concert that would be into the millions, and potentially many millions. It is a different scale.

@mel5 - Agreed. The other thing I keep thinking is that, if people really believe in this company, a share price hovering around 5p is not a problem, it's a gift. One day it won't be 5p anymore and everyone will wish they had accumulated more when they had the chance.

Long-term lurker, first time poster, have a decent holding. I don't really get why everyone is panicking so much and demanding overnight success. It's an investment in a young company, not a gamble on the horses.

The fact that artists are not wildly promoting these gigs suggests that they're not really designed to scoop up large numbers of new customers. If they were, they would be. Even the MVR marketing of them has struck me as deliberately downbeat. Sure, if you get a few thousand more on board, great stuff, keep growing organically, but the last thing Melody needs right now is 40 million Wiz Khalifa fans from New York to Lagos all simultaneously trying to watch a gig on their 2015 Samsung Galaxy and shonky 3G connection then moaning about it all over the internet.

As someone said the other day, these gigs are clearly about testing the resilience of the systems to ensure that they can cope with continued growth in traffic. If you try and scale up from thousands to millions and mess it up, you don't get a second chance with most consumers. It has to be perfect, or they'll just write the technology off. The product itself is amazing, and uptake will ultimately be amazing. Rushing things, just because of coronavirus, is not a great corporate strategy if everyone who adopts the technology overnight has problems with it. Slowly slowly, catchy monkey.

As it is, I oscillate between thinking they've done these gigs right before the AGM as that's the point where they'll be confident enough to announce massive stuff in one go (e.g. releasing a lot of the 800 shows, Broadway coming on stream, Nasdaq, LA/NYC/LON studios etc.) and everything is going to go boom, or, actually, the AGM won't say much, and it doesn't really matter because they have £12m in new money to shore up their gradual emergence and are going to continue with a long-term strategy that is clearly going to pay off, regardless of Covid. My guess is we'll just get the three studios announced soon with some cut-price 'intimate' gigs by artists who have a core, but not massive, following, which, again, will take Melody onto the next stage in its development without trying to go supernova and run the Olympic 100m before it can crawl. GLA, DYOR etc.