Member Info for mrsas

It appears to be a how long you keep your money in the investment and what you get for it.

If you bought the new shares at 6p then sold them the week after for 6p.

Money has only been in for a week.

You have earned a potential golden ticket (1 share, you can purchase at 12p)

If on drilling oil is found, share price is likely to be significantly higher than today's price. 12p per will look like a steal. Your financial risk is 0p for this.

The question is do they what 1 golden ticket or 2.

Again, if warrants are exercised at 12p the price is likely to go to this value, and then they can sell again at this price.

Drill will be funded, excitement will build and is likely to affect share price. If at 12p, then likely to push past this.
This could take 2 weeks.

How much and how fast, if at all, we will have to wait and see.

Current warrant holders could potentially have two warrants for tying their money up for only two-three weeks.

If you think most what 2 golden tickets than today's current price of 8p is a steal.

Potential 50% increase before drilling excitement has even started.

This is my take on it.

Hope it helps.

If you exercise warrants over the next few days, you get two extra warrants.
One at 12p and another at 18p.
These are two warrant that do not need to be exercise until after drill has happened.
Hence, these are risk-free.
If a significant number of warrants get exercised at 12p, it is possible share price will move to this price.
Once the share price has got to this price, the shares can be sold, and you are left with two warrants instead of just one.
If oil is found, you will be able to buy two shares at I assume significantly below pre-drilling price with very little risk.
This is my take on it.

Link to 2021 Interim Results
https://www.cosl.com.cn/attach/0/2108260918494536.pdf
Above link provides info on China Oilfield Services Limited (COSL)

Is Borba due to start drilling in a month or so.

The hope is the so part does not turn into years.

https://www.investorstream.com.au/sacgasco-release-aug-31

About 2 minutes in.

Could this money raised be to help fund this?

Below link may be worth a read.
Has info on smart meter tenders and timescales.

https://genuspower.com/wp-content/uploads/2019/10/Transcript_Investor-ConCall-24.10.2019.pdf

From Page 8
"Jitendra Agarwal: Current order book situation is very healthy for this financial year and for some time of the next financial year is quite sorted. But at the same time, there was a very good amount of tenders going on and there are very good smart meter tenders also going on. So, I am very confident that out of this 4000 Crores of bid, which will happen in the next 4 to 6 months, Genus will have its good share, so we are very well placed in almost all the tenders. There is smart meter tender in down south it is almost 175 to 200 Crores and very confident that within a day or two we should be getting that also, so in that sense order pipeline also looks very healthy."

This appears to refer to today's announcement.

Again from 2018 Annual Results.

"Annual Bonus Payments
Annual bonuses are awarded at the discretion of the Remuneration Committee as an incentive and to reward performance
during the financial year pursuant to specific performance criteria including cash collection and revenue growth. In exercising
its discretion, the Committee takes into account the strategic objectives set by the Board to ensure these are being
met. These objectives will evolve as the business grows and are expected to change year on year according to business
requirements. During 2018, the objectives were based on £7m revenues being achieved. No bonus payments were made to
Directors for 2018 (2017: £241,690)."

No bonus was paid last year

From last update the "Company is now unlikely to meet market expectations for 2019".

Hence, I do not expect a bonus to be paid this year.

Below is from 2018 Annual Results.
I hope this helps.

https://cyanconnode.com/wp-content/uploads/2019/05/Annual_report_ye2018-_WEB.pdf

"In May 2018, the Company announced a £2.5 million order through CyanConnode’s Indian strategic Partner, L&T,
a US$27 billion global technology, engineering, construction, manufacturing and financial services conglomerate.
The order was for a smart metering deployment to Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd (“MPWZ”),
an Indian state-owned utility with over 3 million electricity meters, located in Indore, Ujjain and other cities. The Company
is pleased to announce that all hardware modules for this project were delivered during 2018, contributing significantly
to the revenues for the year."

100 000 Meters have been installed.

Each meter will now produce a reoccurring income for five years.

"THE SOFTWARE WILL BE CHARGED ON A PER METER PER YEAR BASIS WITH AN ANNUAL MAINTENANCE CONTRACT"

So income will have been made from this contract and will continue to be made from the next few years.

We should see this in the YE results.

"INDORE IS 100,000, WITH NO APPARENT INCOME."

Are you sure this is right?

From below link.
https://cyanconnode.com/cyanconnode-receives-3-2-million-order-from-lt-in-india/

"MPWZ operates in Madhya Pradesh and serves a consumer base of more than three million in Indore and Ujjain, providing substantial scope for follow-on orders in the future. CyanConnode will supply its Advanced Metering Infrastructure (AMI) standards-based hardware, services and head end software licenses to L&T.

THE SOFTWARE WILL BE CHARGED ON A PER METER PER YEAR BASIS WITH AN ANNUAL MAINTENANCE CONTRACT, DELIVERING A RECURRING REVENUE STREAM OVER THE INITIAL FIVE-YEAR CONTRACT TERM."

Has something changed?

Is this not a chance for JC to show how sticky these contracts are.

3 million meter to go for just in Indore.

Yes this would suggest they are running on fumes again.
However
61 Trades today.
4,342,406 shares traded today.
This is not normal for Cyan.
So what is going on?

"The Company is working on several large tenders, both in India and the rest of the world, which the Board believes will result in significant new orders in H2 2019 which the Company HOPE to announce before the end of October 2019."

Is the key word HOPE in the sentence.
Hence, may or may not happen.
Most investors have been hoping for year, this has only made us poorer.
This remains a high risk share (only invest what you can afford to lose).
If they can report significant new orders, then they may not need to dilute shares.
If not then we can expect same as previous years.

Below is link to is a report from MONENCO IRAN, as consultant of AMI project in IRAN, is responsible for Consultancy Services for Implementation, Supervision and Administration for Advanced Electricity Metering Project in Iran.

http://monenco-sg.ir/wp-content/uploads/2017/10/SmartMetering_In-IRAN_FinalVersion.pdf
This is dated late 2017
Page 36 (page 41 PDF) of report shows RF as mix for use in Low Consumption Meters.

High Consumption is shown as GPRS / 3G.

So current roll out may not need Cyan RF.

The link used was only used to show Hexing were involved with Iran Smart meter project.

From what I can remember Hexing sent its meters from China, so they were not Iranian made.

Cyan were working with local partner Micromodje.

I can not find who is involved the 5 million Meter rollout, I understand why you would want this published.

It looks as it moving forward.
https://www.en.eghtesadonline.com/Section-economy-4/29785-digital-electricity-meters-for-kordestan-agro-sector

Maybe it's an infrastructure project to help the Iranian economy, meters will be manufactured inside the country.

Hexing have done this in Bangladesh.
https://www.thedailystar.net/bytes/first-smart-prepaid-metre-plant-ready-go-live-in-bangladesh-1794226

Is Bangladesh a territory they have agreed to collaborate in?

On the August 05, 2019 CyanConnode signs MoU with Hexing

https://polaris.brighterir.com/public/cyan/news/rns/story/wk0kl2x/export

Hexing are involved in Iran.

Below info is from this link.
http://en.saba.org.ir/en/news/1701
"The winners are thereby authorized for installing 1000000 smart meters in five separate distinct and predefined areas under the supervision of Tehran metropolitan, Alborz province, Zanjan province, Booshehr province, and Mashhad and Ahvaz Power distribution utilities."
and
"Finally, FARAB Co. with its foreign partners (SWECO, Shenzen Holley South and GCEPRI/NARI) and Safaniku Co. with its foreign partners (Powel and Holley Metering Ltd) and MahamShargh Group Co. with its foreign partner (Hexing Electrical) were announced as the winners of this tender."

From what I can remember Hexing are also using RF in Iran, I did post something years ago.

Clearly the current US sanctions are an issue.

But not for China.

Is Iran a territory they have agreed to collaborate in?

https://www.cornwall-insight.com/newsroom/all-news/government-moves-to-mandate-smets2-installations-but-at-what-cost-

BEIS consulting on its intentions to activate the New and Replacement Obligation (NRO) on 31 March. This will effectively require suppliers to take all reasonable steps to install a SMETS2 meter when a replacement meter is required, or where a meter is installed for the first time.

This may help speed up SMETS2 rollout.

250,000 meter milestone reached at the beginning of the year.
DCC says 400,000 SMETS2 devices are operational (19/02/2019)

See link below
https://utilityweek.co.uk/dcc-says-400000-smets2-devices-operational/

Rate of SMETS2 meter installs needs to increase to help Cyanconnode.
Good news is that are now being installed.