Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If Paul really believes his own rhetoric,eg in the "Italian Presentation " he suggested the possibility of a SP of 70p ,why would he not buy 12mill @ 4.41p as that would give him a prospective profit of £7,871,000 , whereas if he sold them all in market he may make around £100k.Paul is on a very decent package & for a chap of his age & with view to high level roles & a corporate life of earning substantially above average income I would hope he has accumulated a decent investment/pension fund & £539k,while being a fortune to people on average age ,should not be unachievable for someone in his position.
Plenty of time for positive contract news & the launch of G3 before July but even if our SP remains @ 5.5-6p I would still hope he takes up all or most of his entitlement - as to do so will show the faith in our potential more recently shown by Lombard & Martin Ive
I believe 70p+ is possible but we wont get there in a straight line & I agree that we need to deliver in all 3 divisions,become established as the true market leader based on business won as well as reviews of our products,& our revenues & cash flows must improve & be seen to be improving further with profitability arising & visibility regarding near term revenue increases.
it will be much easier for us to substantially re rate once The Market can see that there really will be no more raises & that substantial revenues &cash flows increases are happening & profitabilty has become reality.The next few months will be crucial to our prospects
Our festering SP & a couple of poorly received fund raises (@3p) over several years have enabled many here to build much bigger holdings than they would usually hold in any company & 70p would result in substantial profits for many.Despite my natural positiveness & optimism it is hard,currently,to envise 11 bags + from where we are right now.
Paul is a great speaker & hopefully a good man/woman manager but he really needs to start delivering on expectations after several missed delivery targets-about which he will be very aware with view to his remuneration package.Once we recover to 10p+ ,based on whatever news results in that I will reconsider & update my expectations accordingly but 70p seems a way off right now.
Great weekend all !
He claims to want to remain independent for long enough to see us achieve his ambitions for AGL but if it is likely to take years & require further funding an early exit at a half decent price may allow us all to move on & I would have thought that our tech within a mulibillion $ global bio could be accelerated quickly with the correct level funding available & generate decent revenues much more quickly within that environment.He talks a good story but he may also ,privately, feel he wants to move on now too - the problem being that he too has suffered a substantial reduction in the value of his holding & may have an unrealistic target in mind.
The launch of G3 ,hopefully at the beginning of Q1 FY24 ,as previously advised could be a game changer in respect of installations based on our post production offering .I am hoping that we will soon receive a trading update ,perhaps following Q3 KPIs which will hopefully confirm that G3 remains on track -or better still & wonder of wonders ,perhaps we will be ahead of schedule as Paul ,by now ,must be conscious of managing investor (& prospective customers )expectations & the importance of achieving previously announced timelines
Losing a CFO within 6 months of appointment is certainly a red flag but as I hold no SEYE shares & am all in here -my only interest is SEE & I would rather we were able to issue a very positive tomorrow morning than worry about the SEYE SP .
Decent stake disclosed by global fund manager who, I assume, see value at these levels
At The Town Hall ( Oct 22) Paul said that they only know when an RFQ is won once confirmation is received from the prospective client but I am sure that Nick & his team will regularly contact prospective clients to see how they are progressing with their decision making process & whether there is anything else he & his tram can do to help.I am sure there is also much negotiating regarding costs etc -so See should have a fair idea of which RFQs they expect to /hope to win but until an order is received it is pure speculation.Director/PDMR buying remains , to my way of thinking, a strong indicator of our likely success but I am also frustrated that timescale expectations have slipped substantially & I am hoping that the launch of G3 will not be delayed as I believe that there is substantial demand from our post production line offering & that we will win substantial contacts once G3 is launched.
All good points Glandore & you must take the ward for being the longest suffering shareholders-whereas most of we "long termers" have just been here for 10-12 years+.
I (along with most of us ,I expect)appreciate & share your frustrations & concerns ,but after all these years we really must be close to the point of truth in terms of our winning market share,revenues,cash flows & profitability apart from the imposition,very soon now, of safety regulations insisting on the presence of DMS on all new production vehicles,both auto & Fleet.
The launch of G3 should be pivotal re Fleet & I am hoping for volume contracts to be announced shortly after launch ,Apparently still Auto RFQs with high values still awaiting conclusion & the long overdue"imminent" Aviation contracts must surely soon be announced.
I share your insecurity but after all these years now is surely not the time to quit.
MTF-persistent Director buying heat gives a strong indication that they see our SP higher once the news we are all hoping for is released .I expect that quite a few of us PIs have been taking advantage of our weak SP to increase our holdings .I had been adding under 6p & added a few before Interims & the US CMD @ over 7p .Hopefullybwe won’t slip below 6p again but if we do I will buy more
Sensible professional investors would await the first report but with an average of around 1.4p I am tempted to average up as a very positive first Rns could see us much higher -although we all know what happens if they hit dust -despite our very experienced exploration team .
I have total empathy with your view as will many of we longer term investors .However I don’t agree that our SP won’t recover until we are past break even & persistent Director/PDMR buying over the last 4+months will hopefully demonstrate that ,in the nearer term .There has been a paucity of news & certainly not the flow implied by Paul & the Oct Town Hall .However ,Director buying & our amazing partners /collaborators suggests that the the positives news will start flowing soon & hopefully on all fronts .
Agreed Terry-a significant hire with view to his experience & it would be interesting to know his job description - I hope it is to work with Nick to ensure several large Auto RFQs are awared to ourselves.
I am following ‘the smart money’& buying more @ these levels .Only confirmation of positive contract ,G3 launch & trading news will move our SP & I ,along with our Director,PDMR ,having been buying more as I have been patient & optimistic for over 10 years & that will continue until we are vindicated
Brock ,I said that Fleet should be good not must .I appreciate that I am optimistic & also that my optimism is partly caused by my personal confirmation bias .
Disappointing that no new IIs have been buying ,especially following the US CMD but I still take comfort by the building of a reasonable holding by Martin Ive -apart from other Director buying .