Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mby clearly consider our tech better than theirs ( a great endorsement of commitment shown here by we very long termers) & presumably they will be migrating their large numbers of existing clients, together with new clients, to Guardian.I am sure that they are also attracted to the sharing of monitoring fees on JV clients.They have also presented themselves as 1 of several potential bidders , hopefully in the fullness of time
Paul would probably say that they can only produce news when they have it ,eg he said at the last Town Hall that they only know if they have won an RFQ when they receive the confirmation email from the OEM/T1.
We know the trading update ( & maybe KPIs) will be published on 22/2 so we should have a clearer view then & still leaves around 3 weeks for contract news to give us all of a boost.
Tobin may be wealthy but he did not accumulate his wealth by making poor decisions 9 I presume) & his consistent investments here must be based on his expectation of an exit at a much higher price.He may not be aware of any specfic price snsitive information not in the public domain,as was the case when he was paying almost £20,but he will be in regular touch with our CEO & is clearly confident of our ,& his , prospects-just a pity that The Market does not yet currently share his optimism
Surely industry insiders with feet on the ground in that part of Aus will know the true potential of this seemingly massive prospect & act accordingly if they consider it real -ie by either buying shares in EEE to influence outcomes or proposing JVs to accelerate the program
Terrific update with FY23 projected revenues of $1.8-$2.00 bill-but I suspect that is relatively modest & with new openings there must be fair chance of exceeding $2 bill + we will be profitable by H2.
Once thing the Ent element management know ( from GVC & SBT days)it is that always better to under promise & over achieve .That assumes, of course , that we will remain independent by 31/12/23
Not sure why any sane investor would sell when a new CFO invests so much of his & family money in his new employer.My assumption is that he is unlikely to want to lose his family s wealth & cannot believe that our SP is so low ,with view to what he knowes, & is buying as many as he can as quickly as he can as he expects the price disparity to be removed......some time soon.
Presumably if See remain independent ,Magna will have to renogotiate a new exclusive deal after 3 years & as the volume & revenues will then be substantial ,they will have to pay a substantial premium for continued exclusivity .Of course ,after 3 years ,we may not be independent
He has had 2 months to do due diligence ,get to know the key senior management team ,spend time with his predecessor (who remains supportive of SEE) & has decent investment is a strong buy signal for we lifers ,existing large investors ,prospective new investors & eveyone connected with SEE .Appreciate that is a bullish statement but how else should his buys be interpreted ?
Paul advised us at the Town Hall that they dont know when instructions are received from issuers of RFQs until the email lands saying it is won-although we assume they may have a good idea based on much dialogue with prospective clients.