Member Info for MrBB

I suspect that our SP reaction to another great RNS has been muted either due to uncertainty due to the need to prove the viability of the processing of our resource-or, & more likely, concerns about how the $50m or so required to develop & build the processing plant will be financed & SB coming to the UK for 2 weeks ( a long time for a business trip) will involve meeting many Institutions & possibly trade investors with view to arranging a substantial fundraise.Hopefully the Aussie Govt will contribute a decent % of funds required ,giving comfort to all other prospective investors.

This would be a great time for Greg & Santosh to demonstrate confidence in our potential to survive & prosper by buying a large number of shares -especially if they believe that no more raises will be needed & that Canada & China are moving in the right direction.

Agreed , but interesting that yesterdays buy back almost trebled to over 70k from an average daily of 23-25k - suggesting that Plus continues to see value at these levels

& I thought I was the oldest swinger in town-first buying in 1999 & also selling for around 200p......then buying back!

We should have a vets party should this ever come good - again-assuming of course that we remain in this green & pleasant land!

The sale of their 20% could herald a re rating , or a bid-especially if the belief is that Touro will happen later this year,thereby substantially increasing our reserves.

I presume Magna is already a key supplier to Japanese OEMs so lets hope tomorrow represents an opportunity to resolve the long running speculation over the DMS that major Japanese OEMs will use & if their mirror works for VW why would it not work for Toyota et all - a cheap & simple to install solution for all new models ( for starters) would make for a great RNS

Looks likely that SEYE have news pending & those in the know are buying ahead of that news-which I always thought was illegal-but perhaps not in liberal Sweden

Great to receive positive news .

Anyone any ideas regarding 301 -or has it been shelved & I missed it !

Perhaps we will RNS 2m cars, once verified, but that in itself wont affect our SP.The Market wants to achieve our short term claim of cash flow break even,confirmation therefore that we dont need to raise + a substantially increased pipeline via RFQ wins, substantial G3 contracts & aviation contracts showing regular future income over many years.I believe that all of the above will happen & , when it does, if our SP remains @ 5p I am sure we will start buying back shares-although we all hope that our SP will be substantially higher by then.

Frustrating seeing The Swedish Chef doing well & their Market clearly believes he is telling the truth - only time will tell !

As I have suggested previously - if the value of Magna s initial contract was A$125m, ie around $75m-& VW produced 7.2m cars worldwide in the latest year, it is fair to assume modest growth to 7.5m cars worldwide & if we also assume a modest $10 per unit to SEE, revenues of around $75m will be produced from this one contract alone - & Magana will be very keen to tie up a long term contract with us due to the expiry of their initial 3 year contract next year- especially if their discussions with OEMs suggests that additional auto contracts are pending

Perhaps those in the know are aware that the outstanding drill results will be published imminently ?

I welcome yours & Baxters pragmatic views of SEE over recent years & appreciate that you are both holders.However, if CFP admits to buying 1.5million shares earlier today @ 5.23p I may have dispose of my holding, having never previously sold a single share in over 11 years since my first buy of 10k shares.

To endorse yours & Baxter news positivity,which is most welcome by All, Cold Fish Pie bought 1.5m shares earlier today at 5.23p ?

All this positivity is making me wonder whether I should sell ?

Presumably, the JORC, when published , will be based the results for the 2 key ( current ) areas but only based on drilling to a depth of 130 metres-but we know that our resource remains open at 130 metres so if the resource exists @ similar %s I presume our JORC would increase, eg, by 10 fold, if we can prove that we have consistency of resource down to a depth of 1300 metres ?

Hopefully Stifel & Peel will be proactively encouraging their clients to buy & will be buying for clients discretionary portfolios -if they believe we are currently worth 3 X + our current SP.Paul & Martin have conviction & perhaps others are awaiting the imminent KPIs before taking the plunge due to caution about the KPIs being below expectation.

Enjoy the drizzle ( & drivel) this weekend !

I agree Shandy about Gregs "coyness" regarding buying shares - despite his substantial package.

He talks a great story but he would be infinitely more credible if he bought a substantial number of shares-which clearly provide much confidence in our ability to reach targets set & survival.The only reason for him not buying ( or Santosh) is that what they say is not necessarily what they expect the outcomes to be.STX is clearly in the "not for widows & orphans" camp but their lack of buying means it is further down the line than that .

Magna & See signed a 3 year contract 2 years ago & with view to yesterdays award & Magna winning VW ( soon to be 7.2m cars pa,once all their production includes DMS via their mirror) surely they will be keen to sign a long term extension to the initial contract ,which presumably gave Magna the opportunity to prove their concept - which has now clearly been achieved.Neither Magna nor See will want this running to the wire so there must be a fair chance that negotiations will be under way to extend our contract substantially- the $64k question being under what terms.

Updown-where does that leave me as already old grey & bald ?

Before investing $20m in the demonstration plant I presume there are lab based experiments which will take place first in order to test that the intended process works in the lab so should certainly work in the demo plant.

Dont think we are in a close period as Finals not expected until later this year-only trading update expected so Lance may have bought 100k shares today @ just under 10p-or any other Director & , if so , that would be a positive !