Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The very positive underlying message is that our US subsidiary is making good progress 7 while revenues,profits & cash flows are likely to be immaterial,currently, the potential exists for these to grow exponentially & increase our profile in the US & , perhaps, one day, we will be afforded a higher rating,consistent with that of our peers.
If we are still hoping for a juicy contract from Toyota I am sure that Nick & Kevin will be nudging their Toyota ( & other)counterparts who are in attendance that time is running out for our tech to be engineered into their vehicles if they want 5* ratings by Regulation Date.
Chutzpah-as the great George Castanza said-"If you believe it it aint a lie"-applies to many-Trump,Putin,Johnson,Kim,Iranian Govt,Liz Truss - so CFP is not that significant & I doubt whether he believes it as he simply has an agenda.The next few months should determine our real outllook
After a difficult year & slower progress than hoped for in 2022 I remain optimistic that 2023 could well prove to be the long awaited inflection point & January could prove to be a significant turning point,with CES,more RFQs to resolve & the long awaited "imminent" significant Aviation contract could be announced.I recognise that confirmation bias certainly helps drive my conviction but I remain very positive & wish you all well over Xmas & the New Year in all respects.
Interesting that Safestocks views the prospective Aviation deal as being transformational ,presumably based on the fact that no value is currently ascribed by brokers to our Aviation division.Very interesting to here Safestocks confirm what I understood to be the position regarding G3,ie that it would be launched by the end of FY23,whereas some commentators thought that the timeline had been pushed back to the end of CY 23.IF Q4 is the expected launch timescale that will very positively benefit FY23 & will then be available throughout FY24 making breakeven in FY24 more achievable.Once we have an internal launch date we will,I presume, start taking orders in the 10s of thousands or more for our post manufacture fit,at the factory.
Lets hope Safestocks is right on both fronts + news around CES
Solid presentation with JG being more dynamic than he may first appear & ,most importantly, newly acquired subsids all doing well & he is confident of the future + likely to be more acquisitions
Sorry you had to sell some & that action reflects the frustration which we all feel with the lack of positive news.I remain optimistic that the news will start flowing & that the remainder of your holding will be hugely successful.
They will dedicate 50 personnel & we will increase our team to 50-resulting in 100 sales team,up from 30,to enable traction.Dilution of our potential but better than Administration -especially if we achieve break even by Q424 & ultimately revenues exceeding $150mill.
We live to fight another day & see the outcomes of our various prospects
Good results & outlook & JG is confident & seems to be managing our substantial growth spurt in H1 well & our subsidiaries are performing well against an uncertain economic background.
Interesting so hear his voice at Investor meets on Wed & he is clearly trying to improve our lowly rating
Our installation rate increasing to take account of the 29k G2 units which have presumably been delivered to fulfil the 10k+ "backlog" + ongoing orders will increase our cashflow,as will increasing connections for our remote monitoring services,which we believe to be very profitable as our cost base should be reasonably fixed& additional connections result in revenue feeding to the bottom line.Our installation rate is expected to increase rapidly during H2 & our revenues will increase accordingly.The launch of G3 , some time in 2023 should enable a step change in installations as it will only take 2 hours to instal rather than 8 & we will then,hopefully,have signed deals with OEMs for G3 to be installed post mamnufacture,but in factory rather than at clients sites-resulting in our being able to disn contracts for significantly higher numbers into Fleet clients.
The investor will also have one eye on their exit & can see that at least 3 investee companies have the potential for exits signifying that the sum of the parts =more than the whole.They will have done substantial due diligence & decided to pay 10p.Pity the RNS did not confirm who they are