Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We can only guess about Auto -until confirmed but hope we are ahead of expectation based on cars in production with our tech .We know we have ordered 29k G2 units & that our installation rate is substantially ahead of the comparatives so the numbers should be good .Nothing expected from Aviation & hoping ,as ever,for positive news in this respect ,which we seem to be positioning for
MT was buying last year at significantlt higher levels & I ,along with many here, regret not selling into that strength.Unless MT is really stupid ( which he may have been to have been adding at our all time high) he is averaging down in the same way that we mere punters do but as he is inside I presume/hope that he expects us to be taken over by one of our larger competitors for a much higher price at some future point - thereby giving him a decent exit.
If RB is a forced seller of his wifes stock I am sure they could easily be placed at a small discount to remove the overhang immediately.
Having said that their study shows a significant decrease in The Market for DMS in 2024 & 2025 it is interesting that they still expect break even in their FY 24.Perhaps their product does not require the expensive low (or no ) margin engineering set up costs prior to production ?
The conclusion of their study could provide the rationale in the lack of RFQ news whereas much RFQ news had been expected at the Town Hall
I had wondered that but as he seems to have previous form for buying alongside LO I would have thought that LO may consider relieving him of his holding should he want out.I am sure if he still believes in our potential he would not want to sell under 6p-unless he was forced seller due to the Wan fiasco-although he seems to be a very wealthy chap & as irritating as Wan must be for him he is likely to have other more liquid assets to dispose of than his holding here
15 Director Buy RNSs so far this year ,8 of which since Trading Update & Interims earlier this month .
Of course we want the much discussed RFQ awards to be announced but regular Director buying ,particularly Martin Ive accumulating 6092000 over a few weeks,is very encouraging that the tangible evidence of our progress will soon be released .
Volume very low & possibly the irony in being fully funded is that any IIs wanting to build positions can only do so by buying small parcels -otherwise we get marked up .Fine for PIs but not IIs -unless they can find willing sellers in volume -which also seem to be in short supply .
A conundrum !
See2030-everyone us very wary & have been for some time -resulting in low confidence ,unstable markets & investors preferring/needing cash currently .Clearly new IIs have not been buying since the US presentation -although Cate ,Martin & LO have been adding at higher levels -so they (who should know) believe in our prospects .
We have to decide whether to hold sell or buy & as individuals we have to account to ourselves (& partners ,if they know ).
Q1 trading update due soon will hopefully show continued progress in US + progress in Japan could be referred to as our small acquisition there was made some time ago + global markets have been very volatile,which should help
If he believes his comment in the infamous Italian presentation, ie that our SP should be 10X the current level ( over 7p @ that time ) if we remain independent until the end of 2024, he would surely buy as many as he is able- as he should view it as a no brainer if he believes his own rhetoric.How many shares would we collectively buy @ 4.41p given a current price of around 6p ,given the opportunity.
Hopefully Michael Brown saw The Italian Job ,liked what he saw & knowing Paul ,as he does ,believes completely in his rhetoric & is slowly building LOs stake back up towards 20% -in the basis that he can buy 70p notes for 6p
4.41 is a massive discount id Paul believes his bullishness in the Italian interview when he proclaimed that we should be worth our ( then) current SP X 10-ie over 70p.
Who would not buy a 70p note for 4.41p-especially if they know the truth ?
Paul & Martin would not necessarily know & as Paul said at the Oct Town Hall they will only know once they have received the email confirmation from the prospective customer.
The numbers are clearly out there & nothing new to be disclosed in New York
Director buying is evidence,particularly Ive who has articulated the same reason for buying as the rest of us - he perceives a great opportunity for wealth creation for the second time in his career-he is like us ,apart from being CFO & therefore with a unique inside perspective on our potential.Unlike us he has only just invested & if he gets his 10 bags it will be within a much narrower timescale than ours.
I have been buying too !
We already have North American investors, eg Magna ,Hermes & Others & it would be interesting to know the tone of todays presentations by Paul & Martin ,apart from partners & I suspect that they may be more upbeat behind closed doors.I wonder whether todays event is the start of the process to try to establish value in the event of our sale in the next year or two-ie if Paul believes ( as in Italy)that we are worth 10 times our current SP, professional investors maybe tempted to buy in market for the prospect of a short term 10 bags.
Wishful thinking perhaps , but ever the optimist !!
I entirely understand those feeling insecure & having been here for over 10 years I appreciate the waiting time .I believe in Paul & have to believe that Martin I’ve would not have invested so much shortly after joining if he did not anticipate a very bright future .
A very simple question for today by an insecure holder ,quite simply would be -Are SEYE eating our lunch ?
I think the answer will be definitely not but we always knew there would be competition ,which is welcomed by OEMs